The New Bitcoin on Binance Blockchain: Introducing Bitnance Token
The cryptocurrency world is abuzz with talk of the “Bitnance” token, a BEP-20 cryptocurrency often referred to as the new Bitcoin on the Binance Blockchain. As a digital store-of-value asset currently in its Initial Coin Offering (ICO) phase, Bitnance is drawing significant investor interest, with presales surging upward.
Bitnance (BTN) Presales Soar
With nearly 60,000 tokens presold, the Bitnance (BTN) project is gaining momentum as a major blockchain initiative aimed at decentralizing or disrupting Bitcoin’s dominance in the store-of-value (SOV) category. As concerns grow about Satoshi Nakamoto’s hidden BTC holdings, traders are increasingly seeking alternative options to Bitcoin on their preferred blockchains.
The New Bitcoin on the BNB Chain
Responding to this demand, the Binance Blockchain is witnessing the rise of Bitnance. This cryptocurrency is notable for its low token supply—only 10 million BTN tokens will be created—making it more exclusive than Bitcoin, which has a total supply of 21 million coins.
Is BNB Chain or Bitcoin Blockchain Better?
According to a report by blockchain auditors “Chainspect,” the Bitnance token’s blockchain is set to outperform Bitcoin in various ways, particularly in terms of utility. Key advantages include:
- Higher transaction speeds per second
- Faster blockchain data creation
- A more efficient on-chain governance model
Bitnance’s superiority is also attributed to its more recent development. While the Bitcoin blockchain (BTCC) was created in 2009, making it the first digital currency, it had limited foresight due to a lack of prior experience or data. In contrast, Bitnance is built on the BNB Chain, which was developed in 2020—11 years after Bitcoin. This later start allowed its developers to learn from the flaws in the Bitcoin blockchain and improve upon them.
Why Bitnance (BTN) Prices Could Go Parabolic After Launch
If Bitnance (BTN) proves useful, it could reach the same number of wallet addresses as Bitcoin, but at a much faster rate. The reason? The Binance ecosystem is significantly larger than most in the digital currency space. Once the token begins to show substantial value gains, positive news could spread quickly, drawing in additional investors. This momentum could push BTN up the ranks on the Binance exchange, where 170 million people are registered users.
This large user base could also drive BTN into prominent positions on cryptocurrency indexes like CoinMarketCap. Currently, nearly 60,000 tokens have been sold in the ICO, with over 75 transactions registered to the presale address. Public comments on Binance.com indicate that active exchange users are eager to buy more. The listing day price of $0.45 has many investors excited, with a minimum projected +30% profit for the Centralized Exchange (CEX) listing day in December.
Long-Term Profit Yield Prediction
One analyst predicts that if Bitnance reaches 1,000 wallet addresses holding the same average market cap value as Bitcoin, the token could reach a value of $46.36. This would represent a +12,288% profit yield, which, while not massive by cryptocurrency standards, is significant for traditional investors.
A simple $7,760 investment in Bitnance could potentially be worth $1 million within a year, according to this analysis. However, with the current ICO growth rate, it seems likely that Bitnance will reach half the necessary wallet addresses before the presale ends.
ICO Participation and Growth
In the past 7 days alone, 11 Ethereum (ETH) holders and 9 Binance Coin (BNB) traders have verified transactions, totaling 20 users or nearly 3 wallet addresses being added daily. As the ICO progresses, this daily average is expected to increase, especially with the addition of new on-ramping options like Ethereum (ETH), Tether (USDT), and credit card payments.
With 75 wallet addresses already involved in the presale and 925 more needed to reach the 1,000-address milestone, it could take 308 days to reach the threshold necessary for the token to potentially exceed $46 in value, as suggested by analysts.
A Safe Yields Projection
Reaching this milestone would likely require significant “whale” activity, given that the average market cap value per Bitcoin wallet is exceptionally high, primarily due to large purchases by billionaire investors and financial institutions.
Even if Bitnance (BTN) doesn’t achieve this level of market cap per wallet, the current numbers suggest intrinsic growth that could push the token far beyond +30% in value on listing day. Investors could potentially see a robust return on investment, with profit yields as high as +400%, making for a “Bit” of a happy Christmas for those who invest in the BTN presale at today’s price of $0.357.
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