SHIBArmy Moves Away from Shiba Inu as Bitnance Token Presale Purchase Surges
ShibArmy has been moving away from the Shiba Inu (SHIB) token, which has experienced a drop of nearly -40% over the last 6 months. Many holders of this ‘dogecoin killer’ have shifted their attention to the token presale offer of Bitnance, a new bep-20 alternative to Bitcoin.
Overview Bitnance Presale
The Bitnance presale has already sold over 52,000 tokens, signaling significant interest from traders. The inclusion of Ethereum and USDT as accepted forms of payment on the official presale page has further fueled this momentum.
Bitnance’s ICO launch comes in the wake of Coinbase’s announcement of a wrapped Bitcoin, “CBBTC,” aimed at expanding the ecosystem of the leading cryptocurrency. Additionally, Mollars (MOLLARS), a store-of-value token on the Ethereum-Blockchain, has been gaining prominence as a lower-fee alternative to Bitcoin for Ethereum-Blockchain traders.
Bitnance is positioned as the BNB-Chain’s inaugural tokenization with similar features to Mollars and Bitcoin, offering exclusivity and anti-inflationary properties on the world’s largest crypto exchange’s blockchain.
Traders Anticipating Potential 30% Profit
Traders anticipate a potential +30% return on investment from Bitnance, with the presale price of $0.357 expected to increase to $0.465 upon listing. However, the broader appeal lies in the long-term prospects, driven by the huge BNB-Chain and BEP-20 ecosystems, supported by the extensive user base of Binance.com crypto exchange.
Traders that Uses BNB Chain and BEP-20 Token
The potential for substantial ROI gains over an extended period is attracting traders to Bitnance. In contrast to Bitcoin’s 81-million users, Binance boasts over 170 million users, offering significant growth potential for Bitnance.
Bitnance has the potential to yield strong long-term profits, with a realistic ROI projection of +530% over one year, translating to a token price of $2.25.
Traders Wallet Addresses Holding Bitcoin?
The market data reveals that Bitcoin is held in over 1.3 million addresses, with a market cap of $1.17 trillion, indicating a substantial per-user value contribution. Applying similar averages to Bitnance could lead to considerable profit potential, given the coin’s total supply of 10 million tokens.
Bitnance Eyeing Long Term Profits
Applying the average per-user value to Bitnance could result in a significant profit yield of +12,288%, assuming similar market cap averages as Bitcoin.
These numbers may seem remarkable, but they are not unprecedented in the crypto market, with examples including Shiba Inu, Bonk Inu, Kaspa, Pepe, and Bitcoin attaining incredibly high ROI yields. It remains to be seen how Bitnance will perform post-presale, but the potential for a listing day yield of +30% is compelling for wise investors.
Bitnance’s (BTN) utility as a hedge against fiat currency inflation adds another layer of appeal for investors in the cryptocurrency market.
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Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
