As Bitcoin Price Bounces To $26,000, Trending BEP-20 Token Bitcoin BSC Hits $1.5 Million In Presale
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Bitcoin has now recovered after plunging to $25K earlier this week. It is currently trading at $26.1K, recently breaking above the $26K level, which acted as resistance the past weekend. Meanwhile, interest in new cryptocurrencies continues to rise.
The recently launched Bitcoin-alternative Bitcoin BSC has exploded, raising almost over $500K in the last 72 hours and $1.5 million in total throughout its presale.
Much of the Bitcoin BSC crypto project’s success is due to the project’s numerous advantages against Bitcoin and other alternatives. This has created mass interest, with many investors racing to buy the token early.
Trader Calls Bitcoin BSC the “New 10X Potential Crypto Presale”
Popular crypto trader Jacob Bury recently called Bitcoin BSC the “New 10x Potential Crypto Presale” due to its highly successful presale launch. Bury is renowned for his early calls on high-potential projects, so his backing of Bitcoin BSC hints at a bright future.
Meanwhile, Alessandro De Crypto agrees that Bitcoin BSC has significant potential. The trader referenced a similar project (BTC20), which boomed following its recent presale.
Media outlet Crypto News has also picked up on Bitcoin BSC, priming viewers to “get ready to 10x your investment”, and Cointelegraph has also reviewed the new token.
Like Bitcoin But For Just $0.99
Missed the early Bitcoin days? Bitcoin BSC is rolling back the clock, enabling investors to buy a Bitcoin alternative at its 2011 price of just $0.99. Furthermore, Bitcoin BSC will have the same circulating supply as Bitcoin in 2011 of 6.125 million tokens.
The entire presale at bitcoinbsc.io will take place at $0.99, spread over two stages, with 4 million tokens in the first and 2.125 million in the second. The purpose of a single-priced presale is to stimulate community solidarity and price stability after the presale.Â
Like Bitcoin, Bitcoin BSC has a 21 million capped supply, and 29% of tokens will be available in the presale, 69% are for staking rewards, and 2% for exchange liquidity.
Seamless Stake-to-Earn Mechanism Offering 300% APY
Bitcoin has faced considerable criticism regarding its mining mechanism’s complexity, cost, and energy consumption. Consequently, Bitcoin BSC has implemented a Stake-to-Earn mechanism, enabling users to begin quickly earning passive rewards without technical know-how.
Furthermore, it is significantly more environmentally friendly than mining, potentially making it popular with eco-conscious investors.
Another advantage to Bitcoin BSC’s Stake-to-Earn mechanism is its generous staking rewards. According to the Bitcoin BSC staking dashboard, the current staking annual percentage yield (APY) is over 300%. In comparison, Ethereum staking currently offers roughly 4% APY.
Additionally, investors can begin staking immediately despite Bitcoin BSC being in its presale. This provides a significant incentive to early investors since they can compound their $BTCBSC before it goes live on exchanges.
Furthermore, Bitcoin BSC staking rewards are paid out every 10 minutes, so holders can quickly yield their gains.
Built On Binance Smart Chain For Optimal Functionality
Since it is built on the Binance Smart Chain, Bitcoin BSC boasts several advantages over Bitcoin, making it more accessible and beginner-friendly.
Firstly, many beginners are unfamiliar with Bitcoin wallets since they primarily use Ethereum Virtual Machine (EVM) wallets. Consequently, Bitcoin BSC launched on Binance so users can buy and manage it from EVM-compatible wallets like MetaMask or Trust Wallet.
Another advantage is that the Binance Smart Chain is considerably faster than the Bitcoin network. A Bitcoin transaction takes 10 minutes to complete, but Bitcoin BSC transactions settle in less than five seconds. This makes it ideal for payments while still benefiting from robust security and Bitcoin’s scarcity model.
Also, Bitcoin BSC can be integrated with applications within the Binance Smart Chain ecosystem. There are currently over 600 dApps on the blockchain, providing endless potential use cases.
Bitcoin Alternatives Outperform Bitcoin
Despite Bitcoin’s recent recovery, Bitcoin alternatives have significantly outperformed the leading crypto asset over the past months.
For example, the Ethereum-based Stake-to-Earn project, BTC20, pumped 7x following its presale last month. Meanwhile, Bitcoin Cash has surged over 90% since June. The reason for their success is that they both solve some of Bitcoin’s issues while retaining a much lower market cap.
Therefore, considering its unique advantages, Bitcoin BSC looks set for an explosive launch following its presale. However, with almost $1.5 million raised and investment ramping up, investors must be quick to secure their tokens before the presale ends.
Disclaimer
Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articlesGregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
