Wednesday, October 4th, 2023 – New crypto Bitcoin BSC is off to a flying start after launching on the PancakeSwap decentralized exchange today, immediately rocketing in price 50% to $1.48 and grabbing a market capitalization of $30 million.
Overnight, the ‘Bitcoin on BNB Smart Chain’ coin has become one of the most traded on the Binance-supported blockchain and is currently the No.3 trending hot pair on DEXTools.
Trading volume is approaching $1 million and there is locked liquidity for the BTCBSC/WBNB trading pair of $461,000.
The strong showing for the latest Bitcoin derivative token to hit the markets follows a successful presale in which the project raised $6 million.
As profit-takers from the presale prudently lock in some gains, the price is likely to fluctuate while maintaining a bullish channel.
According to DEXTools data there are 2,310 $BTCBSC token holders barely one-hour into its trading debut, an indication of likely strengthening price momentum.
As with Bitcoin, $BTCBSC has a total token supply of just 21 million tokens. The price of the token was set at $0.99, which was the price you could have bought Bitcoin for back in April 2011.
Now, $BTCBSC token holders are on the threshold of realizing similar stratospheric gains as those early Bitcoin buyers.
With a DEXTScore of 99 out of 99 and an audited smart contract, buyers can be comfortable trading in these waters, with no worries about rug pulls and the like. Also, although it is early days, the token already has a 100% community trust score.
Stake $BTCBSC and you can earn 73% APY – another reason to buy
Spurring on interest in Bitcoin BSC is its staking functionality. Buy and stake today and you can earn an annual percentage yield (APY) of 73%.
At the time of writing 3.6 million $BTCBSC tokens have been staked. You can keep tabs on how many token holders are staking by visiting the real-time Bitcoin BSC staking dashboard.
Doing the math, it means more than half of the total number of $BTCBSC in circulation (6,125,000) is staked. Because of the staking feature, it means that there is less selling pressure in the market because of the long-term commitment entailed in realizing the full APY return.
Stakers are initially locked for a minimum of seven days, after which funds can be withdrawn from the staking pool at any time. The seven-day countdown starts from the beginning of the listing on PancakeSwap today at 9am UTC.
The pre-mined $BTCBSC tokens are paid out in staking rewards every 10 minutes at a rate of 0.25 $BTCBSC per block in an emission schedule that copies Bitcoin by rolling back time to 2011.
Another plus is that the project’s smart contracts are audited, and the team guarantees there will be locked liquidity for the trading pair when it lists on decentralized exchanges.
Bitcoin BSC is a ‘version 2.0’ coin with real utility that’s well-positioned for the Bitcoin halving bull run
Bitcoin BSC is part of a new trend in which derivative clone coins leverage the version 2.0 theme and the utility of staking.
Because of its staking, $BTCBSC stands out in the crowded ‘version 2’ space, where meme coin version 2 clones such as Pepe 2.0, Dogecoin 2.0, Shiba Inu 2.0, or even the likes of Bitcoin 2.0, all lack any utility value.
A modest allocation of funds to Bitcoin BSC while it is still relatively cheap could deliver 5x or even 100x gains as we go into the halving cycle, putting life-changing profits in play.
Bitcoin block rewards halve every four years, with the next one due to occur in April 2024. All previous cycles have seen a surge in price around the event. Bitcoin BSC, as a high-profile coin piggybacking on the brand power of Bitcoin, is highly likely to be a key winner of the halving bull run.
Although the crypto winter has been dragging on, there are still gains to be made if you look in the right places, and $BTCBSC is one of the prime prospects.
However, there are strong signals that the thaw is setting in for Bitcoin, which saw a positive return in the month of September for the first time in six years, up 3.91% month on month.
Crypto analysts predict Bitcoin BSC could explode like Bitcoin
Bitcoin BSC’s price could explode like Bitcoin and increase 26,500,000x – but even just a fraction of that return would add up to life-changing sums.
Joe Parys Crypto YouTube channel, with 382k-plus subscribers, is tipping $BTCBSC as one of five Bitcoin alternatives to see a price explosion.
Another crypto YouTube analyst has invested $840 into $BTCBSC, attracted by the APY as well as the token price appreciation potential.
For No Bs Crypto with 33k subscribers, Bitcoin BSC is a “must-buy altcoin” because this BEP-20 token could be the next Bitcoin.
Savvy crypto traders are piling in on Bitcoin BSC and today’s price provides late arrivals with ample room to book long-term capital returns and passive income.
Every diversified crypto portfolio should have an element of income generation, and there are not many projects that can better the 73% APY you can earn from staking $BTCBSC.
You can buy and stake $BTCBSC directly at the bitcoinbsc.io website or, if you prefer to just accumulate the coin at this point, then connect your wallet to PancakeSwap and buy there with WBNB.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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