As Bitcoin Rises Like a Phoenix, So Does BNB-Chain’s New Store-of-Value Token

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As a seasoned crypto investor with a keen eye for promising projects and a stomach for volatility, I find myself intrigued by the recent surge of Binance-Chain’s alternative store-of-value token, Bitnace (BTN). My journey in the cryptosphere has taught me to never underestimate the power of Bitcoin’s influence on its altcoin brethren.

Today’s Bitcoin (BTC) price fluctuates between approximately $53,000 and $61,000 [USD]. This peak in this turbulent week has seen an increase of almost $10,000 since the digital currency dropped to around $49,000 only a few days ago. Interestingly, Binance-Chain’s rival store-of-value token, Binance (BTN), seems to be regaining its high value as well.

As a researcher observing the cryptocurrency market, I noticed that during the recent bearish crypto cycle earlier this month, political instability seemed to stifle activity in the Bitnance token presale, with only a few or no transactions being registered. Interestingly, following Bitcoin’s surge to $61.2K just yesterday, there was renewed activity in the $BTN market as well, indicating a resurgence in interest and trading.

Bitnance Sales Pump Alongside Bitcoin

There are still 129 days remaining until the Initial Coin Offering (ICO) for Binance-Chain’s new store-of-value token on the BEP-20 network concludes. It’s important to note that as more tokens get sold, their prices are expected to increase. This ICO is a multi-round event, and the price of the token could potentially rise by approximately $0.05 [cents] with each round.

At present, each BTN token is being traded for approximately $0.357. This means that for every dollar invested in this cryptocurrency, you’ll receive around 2.8 tokens.

As Bitcoin Rises Like a Phoenix, So Does BNB-Chain’s New Store-of-Value Token

Investors Have Bought Over 51000 $BTN In Token Presale

Presently, traders hold approximately 51,000 Bitnance tokens out of a total supply of 10.5 million $BTN. But, it’s important to note that only 5.6 million tokens will be available for purchase at the presale rates.

According to the information provided in the whitepaper, the Binance token is expected to be listed on various exchanges at a price that is approximately 30% higher than its current market value.

Presale Investors Earned Big Gains On Ethereum-Blockchain’s Alternative to BTC

A new digital currency, similar to Bitcoin, was recently introduced on the Ethereum blockchain under the symbol $MOLLARS. On its launch day, the ERC-20 token saw a nearly 300% increase in value. Experts predict a strong bull run for this cryptocurrency this year following the release of Mollars.CC, its decentralized crypto exchange, to the public.

The Bitnance (BTN) Token will become a part of a broader community than both Bitcoin (BTC) and Mollars (MOLLARS). As it belongs to the Binance Chain, it offers reduced trading fees and is accessible to traders on the globally recognized cryptocurrency exchange, Binance.com. Furthermore, all BEP-20 tokens can be exchanged for BTN.

It’s uncertain if any cryptocurrency platforms will be launched together with the Bitnance (BTN) token. Nevertheless, it is designed as a deflationary currency, providing a means for cryptocurrency traders to safeguard the value of their earned fiat currencies such as dollars, pesos, or others from worldwide inflation.

Observing a 100% surge in token presale transactions suggests that cryptocurrency investors might be re-entering the market with renewed vigor, potentially leading to a rapid increase in investments within the Initial Coin Offering (ICO) sector, aiming for quicker than usual returns on their investments.

Bitnance (BTN) Could 10X in Under 4 Months

In approximately 4 months, it’s expected that the value of Bitnance (BTN) will increase by around 30% upon its listing day. This means that for every $1000 invested, investors could potentially earn a profit of about $300.

If the token experiences a surge in popularity on its launch date, the potential profits could potentially skyrocket even further. If its debut mirrors that of the SOV token on Ethereum-Network’s listings, it might see an increase in value by as much as ten times on its first day.

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2024-08-10 09:44