Big Action Altcoin of 2022 Announced!

We are all aware of Bitcoin and its growing popularity around the world. Apart from Bitcoin, there are many altcoins in circulation. However, there are a few things that set the two apart. Altcoins were built after the success of Bitcoin. Therefore, many innovative cryptocurrencies have emerged that appeal to a diverse user base. But there are so many altcoins in the market that it is difficult to predict which one will last long or explode. In this article, we will cover the various factors that make an altcoin a good investment, and an altcoin that is poised to become a star with its price movements in 2022. Here are the details…

What are the factors that make altcoin projects a good investment?

It is not uncommon for Bitcoin (BTC) to rise or fall by 5% or even 10% on any given day. Smaller cryptocurrencies can have even wider price fluctuations. Cryptocurrencies are generally not backed by any central authority, fiat currencies or any other government-approved exchange instrument similar to financial markets. Government support can increase belief in the value of a currency among consumers, providing a big spender fundraiser. But because cryptocurrencies are generally decentralized, they derive their value from a variety of sources.

Every cryptocurrency has its own protocol, which can be considered as the rules for the operation of a network. Each altcoin has its own protocol that creates the structure of the Blockchain. The more users and events there are on a particular protocol, the more valuable the cryptocurrency will be. Cryptocurrencies with strong use cases can mean they have strong fundamentals to survive the massive competition in the cryptocurrency market. According to many experts, crypto functions with solid infrastructure can lead to more adoption.

Investors; it is starting to look more and more at real use, the underlying economic patterns and unique growth factors. When choosing a good altcoin, factors such as supply and demand, cost of creation, availability in exchanges, management also draw attention. Currently, there is a cryptocurrency that has proven successful in the mentioned articles and has already been adopted by a wide audience in Turkey: Bitcicoin (BITCI).

Why is bitcoin (BITCI) ready to explode?

BITCI is the cryptocurrency of the Bitcichain Blockchain. The production cost of BITCI, which is created through the network using the Proof-of-Authority (PoA) consensus algorithm, is very low. In particular, PoA stands out as a very important plus, with the reaction of crypto money projects using the Proof-of-Work (PoW) consensus algorithm, which has recently come to the fore with intense energy consumption. Another factor that signals that there may be an explosion in BITCI is that many businesses, sports clubs or companies; that is, a large user base partnering with Bitci behind Bitcicoin.

Bitci, which has made a name for itself especially in the field of fan tokens, gives many local and foreign sports clubs the chance to interact with their fans. While this indicates the multitude of usage areas, it shows that its name will continue to be heard by people. Having known and reliable names behind a project is one of the things that cannot be ignored when investing. BITCI was developed by Bitci Teknoloji, which was established in Bodrum/Turkey in 2018 as part of Çağdaş Holding. Bitci Teknoloji is a blockchain development and research company.

Recent developments in the BITCI ecosystem

BITCI is one of the projects that shows no signs of stalling. It has come to the fore again with the start of the Turkish Track Championship of the Turkish Motorcycle Federation, of which it is an official fan token partner. Various competitions are held on his very active Twitter account, and more and more users participate every day. You can see some of the latest examples of competitions like:

Infrastructure The KRIPTO token created by Bitci on behalf of our site has experienced a serious rise this month. In addition, 151 million KRIPTO burning was carried out on May 25. BITCI, on the other hand, carried out a coin burn on May 19 and once again demonstrated its goal of maintaining the supply-demand balance.