Dogecoin and Tron affected by Huobi Insolvency Rumours, Learn why BTCS is the safest crypto right now


Due to their close association, the unsettling waves of uncertainty surrounding Huobi insolvency rumors have trickled specifically to cryptocurrencies like Dogecoin and Tron. As a result, the Huobi token (HT) plunged 90% as Tron founder Justin Sun dispelled the rumors. After FTM, investors have become extra cautious and are now exploring a safer alternative in the crypto landscape. Bitcoin Spark (BTCS) emerges as a beacon of reliability and security, offering investors a haven amidst turbulence.

Tron crypto

Tron (TRX) is a cryptocurrency and blockchain platform of a decentralized internet ecosystem founded by Justin Sun in 2017 to revolutionize the digital entertainment industry. Tron Crypto strives to create a decentralized and democratized digital content ecosystem that empowers content creators, reduces middlemen, and enhances user experiences in the entertainment industry. Tron crypto has seen some positive growth, with news indicating its TVL (total value of assets locked) has gone up, although the value was way below its highest TVL of $6.7 billion in November 2021.

Is Dogecoin dead?

Meme coins such as Dogecoin have experienced a significant decline in their market dominance since the bear market’s onset. For instance, Dogecoin’s market value has dropped by 12.8% in the past week, erasing its gains from the previous week. Despite being among the weakest performers in the market currently, this does not imply that Dogecoin is dead. Dogecoin still maintains an enthusiastic and dedicated following, partly due to factors like the influence of Elon Musk. However, for these meme coins to regain substantial traction, a substantial bullish rally, possibly initiated by Bitcoin, would be required to shift investor sentiment back in the positive direction. Nonetheless, investors should approach cautiously, particularly amidst the circulating rumors about Huobi’s insolvency, especially after Dogecoin’s lead developer urged investors to withdraw funds from the Huobi exchange. The current market conditions suggest that expecting immediate upward momentum for Dogecoin might not be realistic, as its value is currently moving in line with the broader bearish market trend.

Bitcoin Spark (BTCS): The Crypto Haven?

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Bitcoin Spark stands out in the crowded crypto space with a fresh approach combining a new Proof-of-Process (PoP) blockchain technology with advanced algorithms that address the challenges of the original Bitcoin. The PoP concept involves renting out the processing power of mining devices for various computational tasks and allows the network to generate evenly distributed revenue. Bitcoin Spark strives to pursue these aspects by implementing increased decentralization and security through more nodes for faster transactions.

Bitcoin Spark’s focus delves into addressing the limitations of Bitcoin, such as high transaction costs, limited transaction processing speed, and dominance of mining by a few individuals or groups. The Bitcoin Spark application empowers miners to contribute their processing power and network participation. This application deals with transaction processing speed by reducing block confirmation time and increasing the number of transactions included in each block. Bitcoin Spark integrates a smart contract layer, allowing for future development of dApps on the Bitcoin Spark network.

BTCS maintains a deflationary maximum token supply of 21M. Unlike BTC, the period to attain maximum supply is extended to ensure fair token distribution. The Initial Coin Offering (ICO) kicked off phase one on August 1 at a favorable rate, potentially promising substantial gains for early investors. Imagine being able to buy Bitcoin when it was only 1$. BTCS goes at $1.50, and early investors can enjoy gains of up to $800 at a $10 launch.


Bitcoin Spark offers a new perspective to the cryptocurrency arena by combining innovative technology with improved features to overcome the challenges faced by traditional cryptocurrencies. Its unique approach to mining, consensus, security, and reward distribution could reshape the landscape of digital currencies.

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