Analyst Jacob Bury discusses BTC20 price projection and highlights a new presale as a potential alternative to Bitcoin, providing substantial staking APY opportunities.
Following a successful presale, the BTC20 token made its debut on Uniswap on August 10th at an initial price of $1. It achieved its peak value on August 16, 2023, when it soared to an all-time high of $2.55. This remarkable price surge, amounting to more than a 600% increase, ignited a surge in interest surrounding this new crypto.
Consequently, it has risen to become the most popular cryptocurrency within DEXTools’ Ethereum chain token monitoring. Since its listing, the token has garnered an impressive 6,820 holders and presently boasts a fully diluted market capitalization of slightly above $29 million.
As of the most recent tally, 4,369,113 tokens out of the 6,050,000 currently in circulation have been staked, as reported by the latest data on the real-time dashboard of the BTC20 website.
The remaining tokens, part of the total supply of 21 million, are locked to facilitate reward payouts, with the current annual percentage yield standing at 60.18%. BTC20’s reward system mirrors the block rewards structure of Bitcoin in 2011, when it was set at 50 BTC per block mined.
In the case of BTC20, these rewards accumulate every 10 minutes and can be claimed after a minimum of seven days from the initial staking.
BTC20 Price Prediction
As of today, September 10, the Bitcoin20 price is $1.41 with a 24-hour trading volume of over $200k and market cap of $8.59 million. The BTC20 price decreased -7.33% in the last 24 hours. According to the technical analysis current Bitcoin20 price is predicted to drop by -3.01% and reach $1.29 by September 15, 2023.
In addition to its strong tokenomics and the off-chain developments, the BTC20 team’s marketing endeavors have played a significant role in driving the price upwards. Thus far, their marketing strategies have been exceptionally effective.
BTC20’s market positioning as ‘Bitcoin on Ethereum’ resonates with a broad audience, particularly those who may have missed out on the numerous bullish trends that Bitcoin has experienced since its inception – a demographic that encompasses a substantial number of individuals.
In summary, BTC20 presents a distinctive approach to the recent 2.0 coin trend, building upon Bitcoin’s foundation and garnering significant excitement and favorable feedback to date. Considering these factors, BTC20 exhibits substantial potential for future growth.
Watch an in-depth BTC20 price prediction in the video above, and follow his YouTube channel for more crypto-related content. Jacob Crypto Bury also manages a Discord channel with 17,000 members, where users can receive trading tips and learn about upcoming crypto presales.
New Hottest Trend in Crypto – Bitcoin BSC Next Crypto to Explode?
Bitcoin BSC ($BTCBSC) represents the latest addition to the series of so-called ‘Bitcoin clones,’ a category that has frequently outperformed Bitcoin itself in the short term, particularly among traders.
Similar to BTC20, Bitcoin BSC is embracing innovation through staking, enabling $BTCBSC token holders to reap rewards by participating in the staking process. Bitcoin BSC distinguishes itself from Bitcoin in two fundamental ways.
Firstly, it is built on Binance’s BNB Smart Chain, which supports proof-of-stake mining, marking the first key distinction. The second significant difference is that Bitcoin BSC offers staking rewards.
Those who invest in $BTCBSC can stake their tokens to validate blockchain transactions and earn rewards, all without resorting to the conventional Bitcoin mining process. The token’s structure ensures that new $BTCBSC rewards are distributed every 10 minutes, aligning with Bitcoin’s block reward schedule.
Passing the 800K milestone!🔥
Sincere appreciation to all for their generous contributions!
— Bitcoinbsc (@Bitcoinbsctoken) September 10, 2023
Tokens that are staked remain locked for a period of 7 days, and the rewards an investor receives are proportionate to the number of tokens they have staked relative to the entire staking pool. Currently, the $BTCBSC presale is ongoing, providing investors with a limited-time opportunity to secure $BTCBSC at a low price of $0.99 per token.
The total supply of $BTCBSC mirrors that of Bitcoin, standing at 21 million tokens. The presale offers 6,125,000 tokens for purchase, with the remaining 14,455,000 tokens allocated for staking rewards.
The presale has set a soft cap at $3.96 million, and given its strong performance thus far, there is a possibility it could sell out rapidly. Upon completion of the presale, the team behind Bitcoin BSC intends to launch the token on a decentralized exchange built on the BNB Smart Chain. Take part in the $BTCBSC presale at bitcoinbsc.io.
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