Beyond the profit grabs, there is a growing trend of investors shifting towards store-of-value tokens like Bitnance.
The Shiba Inu (SHIB) community, known as the ShibArmy, is seeing a significant shift as the popular memecoin has dropped nearly 40% over the past six months.
While SHIB is still up 53% for the year, many of its holders are moving away from the token.
A growing number of SHIB traders have been drawn to the presale of Bitnance, a new BEP-20 token offering an alternative to Bitcoin.
The presale has already seen over 52,000 tokens sold, fueled in part by the addition of Ethereum and USDT as accepted payment methods on the official presale page.
What is Bitnance Token Presale & Why Are Traders Buying In?
The launch of Bitnance’s initial coin offering (ICO) follows similar moves by major cryptocurrency brands connected to BTC alternatives.
Recently, Coinbase announced its new wrapped Bitcoin token, $CBBTC, or Coinbase BTC, designed to strengthen the world’s largest cryptocurrency ecosystem.
Additionally, Mollars (MOLLARS), a store-of-value token on the Ethereum Blockchain, has been thriving as a lower-fee alternative to Bitcoin.
Mollars has seen faster value growth than Bitcoin over the past month.
Bitnance is the first BNB-Chain token of this nature, offering the same exclusivity and anti-inflation benefits as Mollars and Bitcoin, but on the blockchain of the world’s largest crypto exchange.
Crypto Traders See The Likelihood of a +30% ROI on Bitnance
Shiba Inu (SHIB) and BEP-20 token holders might be flocking to Bitnance for potential listing day gains.
The token is currently priced at $0.357 during the presale, with plans to list on exchanges at $0.465.
This price difference offers investors a potential return on investment (ROI) of +30%, meaning a $1,000 investment could yield a $300 gain.
How Many Use BNB-Chain and BEP-20 Tokens?
However, the long-term potential of Bitnance is what’s truly attracting traders. The BNB-Chain and BEP-20 ecosystems are massive, with Binance.com boasting over 170 million users and nearly 1.8 million daily active addresses in August 2024.
If Bitnance gains strong branding among these users, its limited 10-million token supply could sell out, leading to a significant increase in value.
In comparison, Bitcoin has only 81 million users. The Binance exchange, which supports all BEP-20 tokens, has more than double the user base and growth potential.
This makes holding Bitnance tokens appealing for many traders, with the potential for much higher returns than the initial +30% listing day gains.
A realistic ROI for one year could reach +530%, equating to a token price of $2.25.
How Many Crypto Wallet Addresses Hold Bitcoin?
According to Glassnode, Bitcoin, currently valued at $59,326, is held in over 1.3 million addresses, with a market cap of $1.17 trillion.
On average, each Bitcoin user contributes approximately $900,000 to the market cap.
While these averages aren’t exact, applying them to Bitnance could suggest a value of $46.36 per token, a potential 12,288% profit yield.
While such numbers may seem surprising, similar yield margins have been achieved in crypto with investments like Shiba Inu (SHIB), Bonk Inu (BONK), Kaspa (KAS), Pepe (PEPE), and even Bitcoin (BTC).
Time will tell if Bitnance (BTN) can achieve its true potential post-presale, but even the +30% listing day returns are enticing for many investors.
Bitnance (BTN) Token as a Utility for Investors Looking to Combat Fiat Currency Inflation
Beyond potential profits, investors are turning to store-of-value tokens like Bitnance to combat the declining value of fiat currencies.
As inflation soars and the dollar’s value diminishes, traders may buy into the $BTN token presale to protect against fiat currency inflation and capitalize on crypto’s growth potential.
While these trends are speculative for now, if the Bitnance token presale reaches 5,000 completed purchases—a milestone that Shiba Inu (SHIB) traders alone could achieve—listing day could become a major headline, making those who hesitated wish they had seized the opportunity to invest in the latest store-of-value token.
