Bitcoin’s price continues to recover from the slight stagnation that occurred this summer. Traders are getting back to work, and the new cryptocurrency Bitcoin BSC has attracted nearly $5 million in pre-sales.
There appears to be no more than 24 hours left before the new asset on the BNB blockchain reaches the $5 million level. It has already raised over $300,000 in 10 hours last week alone, and the pace of pre-sales is picking up as FOMO rises.
Early investors expect to capitalize once $BTCBSC goes public. However, the availability of the steaking mechanism also attracts those who want to earn passive income today. Now that the price of original BTC is starting to rise, its alternatives such as Bitcoin BSC, for example, are also coming into focus.
Since the presale rate is constantly increasing, investors in general do not have much time to profitably invest in a promising project. In addition, it is recommended to keep a close eye on how much money the project has managed to raise in total. The upper limit of fundraising is $6,125,000. So the project can reach the upper mark in a few days, and then the opportunity for ten or hundredfold growth will be missed.
To always be up to date, potential investors should regularly check the information on the project’s website. They can also subscribe to the Bitcoin BSC account on X (formerly Twitter) and join the group on Telegram.
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The suspension of interest rate hikes could boost Bitcoin BSC’s share price and earnings
Trading volumes of the original BTC have been at their lowest for a long time, as the prolonged cryptozyme has had a negative impact on the market as a whole. However, a possible pause in US Federal Reserve rate hikes could encourage buyers to return. In such a case, bitcoin and new coins (e.g. BTCBSC), which have a lot of potential, will be able to receive weighty support.
At the moment, there are more than a hundred different assets inspired by the image of BTC. However, unlike Bitcoin BSC, most of them are no longer in demand. That said, the new “bitcoin” offers the opportunity to receive rewards for contributing coins to the staking. This factor contributes to more optimistic forecasts of analysts regarding the long-term development of the asset.
You can buy $BTCBSC in the presale for $0.99, which fully corresponds to the price of bitcoin in 2011. Moreover, many investors began to think that they are dealing with a promising token that can bring millions of dollars of profit.
Also, analysts believe that the failure of the new BTC on the market is unlikely. Thanks to the steaking technology, the project can develop in the long term and bring income to users. In addition, its presence allows you to significantly reduce the risk of a fall in the price of the asset in the future.
At the same time, the potential benefit of the new BTCBSC can be quite large. That is, if it reaches only a fraction of the current BTC price (for example, $100), the owners’ profit will increase a hundred times.
Bitcoin BSC gives the opportunity to earn rewards and has a supply volume of 21 million tokens
Despite all the ups and downs, the original bitcoin is still the main criterion by which all other assets on the market are measured. This is why most teams create new versions that surpass their predecessor in some features.
First, unlike BTC, Bitcoin BSC is powered by a Proof-Of-Stake network, which doesn’t require as much power consumption. Moreover, the BNB Smart Chain can rightfully be called a greener asset with cheap transactions and high throughput.
However, the presence of steaking technology also plays a big role, thanks to which annual revenue can be increased by 151%. With this level of profitability, it is not surprising that more than 1,743,091 coins have been deposited.
Thus, almost half of the total number of $BTCBSC sold are in steaking. Thanks to this approach, when the project appears on exchanges, any selling pressure can be avoided.
It should be noted that in doing so, the developers did not present any complex algorithm, as was the case with the Terra Luna ecosystem. In the case of Bitcoin BSC, the source of profitability is the number of reserved coins. They represent 69% of the total supply and will go towards cryptocurrency rewards.
Moreover, it is possible to observe how many coin owners put their savings into steaking in real time. To do this, you just need to click on the corresponding tab on the main page of the project’s website.
Also, all Bitcoin BSC smart contracts are audited, and the team provides a liquidity lock guarantee in the trading pair on DEX.
It’s also worth noting that all pre-mined $BTCBSC tokens are released at a rate of 0.25 assets per block. This follows entirely the release schedule of the original bitcoin in 2011. As for rewards, the new “bitcoin” is paid out every 10 minutes similar to the original blockchain. However, as mentioned, the rate is 0.25.
Bitcoin BSC is one of the leaders among the coins with steaking support
At the moment, the new “bitcoin” is part of a new trend where coins are focusing on the benefits of steaking. Since it functions based on the BNB smartchain, you will have to purchase a BNB or USDT BEP-20 to place the coins in storage.
In total, coins can be locked for a minimum of 7 days, after which withdrawals will be available at any time. Those who are already going to put assets into staking can do so regardless of the method of token purchase (for BNB or ETH).
Advantages of Bitcoin BSC over Bitcoin Cash and Bitcoin BSV
The new token stands out from many other meme coins (Pepe 2.0, Dogecoin 2.0, Shiba Inu 2.0, and even Bitcoin 2.0) that have no real utility.
For example, HarryPotterObamaSonic10Inu (HPOS10I) is one of the most successful coins among Bitcoin copycats. Although the only thing that reminds a potential buyer of this token about the main cryptocurrency is its ticker. Nevertheless, this meme coin has been actively virusing in the network, and its price has grown 660 times just due to the reference to the original bitcoin.
Experts believe that Bitcoin BSC is likely to prove more stable due to the steaking mechanism. It also has an advantage over BTC forks such as Bitcoin Cash and Bitcoin BSV. Such coins have to maintain the functionality of the protocol regardless of costs and possible risks. However, Bitcoin BSC has no such problems – it is built on BNB Smart Chain, which is one of the most stable blockchains and is backed by Binance.
The start of the rally, bitcoin halving and Bitcoin BSC’s value pummeling
Any modest investment in BTCBSC could, in theory, turn into a five- or even a hundred-fold increase in the future. This is possible if halving begins, which would entail an increase in income for coin holders.
American hedge fund Pantera Capital, specializing in cryptocurrencies, predicts that the next cycle of halving could raise the price of BTC to $147 thousand. This process occurs every 4 years and always portends an upward trend for the leading cryptocurrency. Because of this, bitcoin-derived coins (like Bitcoin BSC) are sure to be in high demand.
The author of the YouTube channel Joe Parys with over 300 thousand subscribers states that $BTCBSC is quite capable of showing breakout growth. Another crypto analyst invested about $840 in the project, as he was interested in the possible APY and development potential of the token.
A No Bs Crypto specialist with 33k subscribers stated that Bitcoin BSC is “a must buy” as the asset could replicate the success of the original. Crypto resources such as Yahoo Finance, Cointelegraph, Bitcoinist, CryptoPotato, The Coin Republic and FXStreet also left a positive opinion of the project.
Now is a great time to become one of the early investors in $BTCBSC
There is every reason to believe that the niche of digital assets will not be leaving the market anytime soon. This is evidenced by the growing number of organizations that are beginning to work with cryptocurrencies. By the way, Deutsche Bank and Citibank joined their ranks not so long ago. Also, the prospect of launching spot bitcoin-ETFs further attracts the attention of the public and crypto-enthusiasts.
That’s why some experts believe that before the media gets active in anticipation of another bullish trend, it is necessary to buy new coins. Moreover, you can pay attention to experienced investors who usually know how to choose the least risky assets with the prospect of big profits. That is why the very fact of their investment in Bitcoin BSC plays an important role in the future fate of the project.
To purchase $BTCBSC coins, a user will need a cryptocurrency wallet with enough BNB, ETH or USDT. It can be connected directly on the bitcoinbsc.io website. It is reported that the minimum purchase amount is $10. The main thing to remember is that in order to put coins into staking and actively earn money before the project is listed, you need to pay for the purchase with BNB or USDT BEP-20.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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