The Binance (BNB) coin is performing extremely well since the growth in performance of the token presale for Binance-Chain’s new alternative to Bitcoin (BTC). The “Bitnance” token has surpassed the milestone of 60,000 tokens pre-sold as the $BNB coin surges up 10% on the week, passing $572 in value.
The growth in BNB coin is not expected to stop. It could surpass $600 if the crypto market remains steady.
The reason for this growth could be the launch of the Bitnance (BTN) token presale. Developers have now confirmed a store-of-value token is going to be available on the BNB-Chain; an alternative to Bitcoin and has made it to the token presale phase at $0.357 per token.
Alternatives to Bitcoin in 2024
As some investors feel Bitcon’s power has made it a ‘centralized’ crypto force, blockchains and developers have begun finding a solution to diluting that power. The final answer — popular blockchains are launching their own store-of-value tokens.
Ethereum Blockchain
Ethereum launched the “Mollars (MOLLARS)” token a few months ago. A store-of-value token on the ERC-20 network, it grew in value over 300% after listing on Uniswap. The price faced a correction there after but has had many volatility gaps that allowed investors more profitable opportunities than Bitcoin itself.
Solana Blockchain
Solana blockchain is expected to have an SOV coin debut shortly, set to rival Mollars & BTC as well. It could be another streaking star for investors as it might go on presale, before the Solana ETF approval predicted by analysts.
The Exchange Traded Fund approval would put Solana and its networks on a bull run, similar to what happened with Bitcoin (BTC) and Etheruem (ETH) earlier this year.
BNB-Chain
Crypto developer’s solution for the BNB-Chain, adding to the dilution of the off-chain store-of-value coin is “Bitnance.”
By offering an on-chain SOV token to the Binance ecosystem, traders who prefer the BNB-chain can save funds by staying on their favorite blockchain. Choosing a $BTN token over a Bitcoin will save transaction fees and leave their funds on a more reliable chain. Bitnance is a layer 2 solution, based on a layer-1 that outperforms Bitcoin-blockchain in every category of importance [read here].
Most urgent for the greater share of investors, if not all, is profit however. Technology is important to crypto enthusiasts, but many into cryptocurrency trading are simply opportunists today.
How much does Bitnance Token cost in Presale?
Being sold at $0.357 currently via Bitnance.net, it will launch on its first crypto exchange around December 5th of this year at a rate of $0.465 per token.
The nearly 11-cent difference of today’s price to CEX listing day is a +30% gain for investors. A healthy ROI, this is likely a ‘low ball’ figure, considering the token is likely to see a much higher pump from investors once introduced to millions of new traders via its first crypto exchange [CEX].
Smart money tends to buy ICO in cryptos and IPO on the stock market. This is a time period that companies offer shares of the brand at a discounted rate, to generate funds for infrastructure & executive plans.In crypto ICO’s, prospective buyers can find these plans in full detail via reading the Tokenomics and whitepaper.Bitnance has both listed with transparency on their official website. Some of the stand out references in the plan are the usage of funds to hire professionals for marketing, technology development, and liquidity.
When will Bitnance (BTN) Token Launch on Exchanges?
Bitnance is expected to launch on its first exchange on or around December 5th and with a $1-million-dollar liquidity pool or more. However, this is based on the notion the token presale reached its maximum cap with 5.6-million tokens pre sold.
This week, the BTN token presale has seen a surge in buy transactions, but it’s not yet clear if a sell-out can be predicted.
Bitnance could also launch a crypto product that will make the $BTN the native cryptocurrency of its platform. If so, this could increase scarcity of the BEP-20 token tremendously
A reddit community was recently launched as a follow up to the token presale. The official X [aka twitter] of the brand is @BitnanceToken.
BNB Coin Prediction
Binance Chain’s native coin, $BNB, is projected to surpass $585 before the week’s end, if the market continues trending in a positive direction.
It could see a correction after this before another bullish cycle strikes.