Shiba Inu (SHIB) Token Traders Rush To Bitnance Token Presale

As a seasoned crypto investor with a knack for spotting trends and seizing opportunities, I’ve been closely watching the market landscape for quite some time now. Over the years, I’ve learned that the crypto world is a rollercoaster ride of ups and downs, but the thrill never fades.

The enthusiastic Shiba Inu community appears to be venturing away from their original cryptocurrency. Over the past six months, the widely acclaimed meme coin, Shiba Inu (SHIB), has dipped by around 40%. Despite a 53% increase in value this year, those who call themselves the ‘Shiba Inu token killers’ seem to be less optimistic or are choosing to let go of their tokens.

Due to an influx of Shiba Inu token traders, the pre-sale of BTN tokens during their initial coin offering has surpassed 52,000 tokens being sold.

At this stage, the BEP-20 token seems to be gaining momentum in terms of sales. This isn’t only due to Shiba Inu traders but also because the official presale page now accepts Ethereum and USDT as payment methods.

What is Bitnance Token Presale & Why Are Traders Buying In?

On the heels of two prominent crypto brands linking with a Bitcoin alternative coin, Binance‘s ICO debut takes place [as shown here].

Coinbase revealed plans for a new product, “wrapped Bitcoin” or “Coinbase BTC“. This digital representation of Bitcoin aims to strengthen the environment surrounding the most prominent cryptocurrency in the world. It doesn’t necessarily compete with other platforms, but it offers additional advantages for users who wish to hold Bitcoin on Coinbase.

The MOLLARS token, a digital asset functioning as a store of value on the Ethereum blockchain, marks the debut of an ERC-20 project in its category and has been flourishing for months. Serving as an alternative to Bitcoin, MOLLARS offers Ethereum’s cryptocurrency traders a method to obtain a store of value at reduced costs. In fact, over the past month, MOLLARS has experienced a quicker rise in value compared to Bitcoin.

Shiba Inu (SHIB) Token Traders Rush To Bitnance Token Presale — Now 52000 Sold

Binance is launching the first token (BTN) with a similar nature to existing ones on the BNB Chain. This new token will provide the same exclusivity and anti-inflation protection as Dollars and Bitcoin, but it will operate on the blockchain of the world’s largest cryptocurrency exchange, Binance.

Crypto Traders See The Likelihood of a +30% ROI on Bitnance

Individuals holding Shiba Inu (SHIB) or BEP-20 tokens might be flocking to this project primarily due to potential profits on the initial listing day.

At the moment, Bitnance (BTN) is being offered during its presale at a price of 35.7 cents per token. Upon closer examination of the token’s whitepaper, it will be listed on exchanges for a price of 46.5 cents. This means that investors who buy now have the potential to make an additional 30% return on their investment when the token is officially listed. In simpler terms, if you were to invest $1000 today, you could potentially earn an extra $300, resulting in a total return of $1300.

How many use BNB-Chain and BEP-20 tokens?

However, it’s the long term hold that should have traders captivated.

The Binance Smart Chain (BNB) network and the BEP-20 ecosystem are massive. Binance.com cryptocurrency exchange boasts over 170 million users. This month, August 2024, the daily active addresses on the Binance Blockchain have surpassed a staggering 1.8 million. If the recognition of Binance grows among these vast audiences, the relatively small token supply of 10 million could be quickly depleted, potentially triggering a dramatic increase in value.

Compared to Bitcoin, the Binance exchange boasts approximately twice as many users (around 162 million), along with significant room for future expansion, given it provides access to numerous BEP-20 tokens.

This is why holding tokens like Bitnance is important for many traders. The “long game” could be far more profitable than the listing day yields of +30%.

In just one year, a potential return on investment (ROI) could reach an impressive +530%. This equates to a token price of approximately $2.25.

How many crypto wallet addresses hold Bitcoin?

According to Glassnode’s analysis, Bitcoin, valued at approximately $59,326 USD, is presently distributed across more than 1.3 million different accounts. The total market capitalization of this digital currency currently stands at a staggering $1.17 trillion dollars.

As a seasoned cryptocurrency investor with years of experience under my belt, I find this statement intriguing. Essentially, it suggests that each user receives a boost of $0.046 in crypto value, contributing approximately $900,000 to the market capitalization collectively. However, it’s essential to note that the majority of significant investors hold hundreds of millions of dollars in Bitcoin (BTC), significantly skewing the average balance.

However, these averages could be applied to Bitnance in a non-formal format.

Bitcoin’s total token supply is 21-million coins.

Bitnance Could Generate Long Term Profit Yields As High As +12,288%

By utilizing this data, you might estimate that each user’s worth for Bitnance (BTN) would be similar to the ‘per-user value.’ If approximately 1,000 active addresses were using BTC and the market cap remained at the same average as Bitcoin ($BTC), the potential value of BTN could soar to around US$46.36 – an astounding increase of 12,288%.

Such numbers may seem odd to novice investors and inexperienced but this tends to happen each year within crypto. Brands like Shiba Inu (SHIB), Bonk Inu (BONK), Kaspa (KAS), Pepe (PEPE), and even Bitcoin (BTC) itself satter such yield margins. They gained investors as high as +15,000,000% ROI yields, with Bonk Inu & Kaspa being this year; stud investments of 2024.

But of course, only time can bring clarity on Bitnance’s (BTN) true potential post presale. Listing day yields of +30% are enough to most wise investors as precious metals like gold, have rarely even seen that much of an ROI in less than 2 years.

Bitnance (BTN) Token Looks To be a Utility For Investors Wanting to Fight off Fiat Currency Inflation

Moving beyond mere profit motives, there’s a rising preference among investors towards tokens like Bitnance, which function as store-of-value assets. This shift is driven by concerns about the depreciation of traditional fiat currencies. With the ongoing struggles of the U.S. dollar and inflation on the rise, traders who favor the BEP-20 network or seek opportunities for immediate trading might soon consider participating in the $BTN token presale. This move could serve as a hedge against fiat currency inflation and potentially yield significant returns in the crypto market, akin to a “moon shot.”

As an analyst, I must clarify that these ‘trendy’ patterns are still speculative at this stage. However, if the Binance token presale manages to hit the significant milestone of 5,000 completed purchases from unique addresses, it could become a headline that would leave procrastinators wishing they had seized the opportunity to invest in the latest store-of-value token, similar to what Shiba Inu (SHIB) traders might be feeling now.

2024-08-17 12:32