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The price of Bitcoin (BTC) is fluctuating between $53,000 and $61,000 today. During this volatile week, the store of value coin had fallen to $49,000 a few days ago; now it has increased by almost $10,000. This rise has also had a positive effect on Binance-Chain’s alternative store of value token Bitnance (BTN).
Earlier in the month, during the bear market due to political turmoil, the Bitnance token presale saw almost no trading. However, with Bitcoin rising to $61.2 thousand, $BTN has also regained momentum.
Bitnance Sales Increase Alongside Bitcoin
There are 129 days left until the closing of the initial coin offering (ICO) for Binance-Chain’s new store of value token on the BEP-20 network. However, the price will continue to increase as tokens are sold. The ICO is a multi-round event, with each round expected to see the token price increase by approximately 0.05 cents.
Currently, $BTN is trading at $0.357 per token, which gives crypto investors 2.8 tokens for every $1 invested.
So far, traders have purchased over 51,000 of Bitnance’s tokens, out of a total supply of $BTN of 10.5 million. However, only 5.6 million tokens will be offered at pre-sale prices.
According to the information provided in the white paper, Bitnance token will be listed on exchanges at a price 30% higher than its current price.
Those Who Invested in BTC Alternative on Ethereum-Blockchain Gained Huge Profit
Another Bitcoin alternative, $MOLLARS token, which was launched on Ethereum-Blockchain a few months ago, saw a value increase of nearly 300% on the day it was listed. This cryptocurrency is expected to experience a major bull run this year after its decentralized exchange Mollars.CC went public.
Bitnance (BTN) token will be offered in a wider ecosystem than alternatives such as both Bitcoin (BTC) and Mollars (MOLLARS). As part of the Binance-Chain world, it will have lower transaction fees and will be easily accessible through Binance.com, the world’s largest crypto exchange; all BEP-20 tokens can be traded for $BTN.
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