It’s been quite a memorable start for the new crypto, Bitcoin BSC, that kicked off on the PancakeSwap decentralized exchange, surging by a staggering 50% to $1.48 and commanding a market capitalization of $30 million. This digital currency quickly climbed up the charts to be one of the most traded on the Binance-supported blockchain.
Let’s not forget, the trading volume is already nearing a million dollars, and there’s locked liquidity for the Bitcoin BSC/WBNB trading pair valued at $461,000. The extraordinary performance of the newcomer comes after a successful presale where it managed to raise $6 million.
Looking ahead, the price could potentially zigzag as those who made a profit from the presale may choose to cash in partly while maintaining a bullish perspective. Positive signs are already visible with 2,310 Bitcoin BSC token holders within the first hour of its trading debut, indicative of a stronger price momentum in the future.
Following the footsteps of Bitcoin, Bitcoin BSC has a restricted token supply of just 21 million tokens which were valued at just $0.99 – the same price you would’ve paid for Bitcoin back in April 2011. Now, the holders of Bitcoin BSC stand on the brink of potential gains paralleling those of the early Bitcoin investors.
While the Bitcoin BSC is new, its DEXTScore rating of 99 out of 99 and audited smart contract provide assurance to traders regarding its safety. Furthermore, staking Bitcoin BSC tokens lets you earn an attractive 73% APY.
With more than half of the total number of Bitcoin BSC in circulation staked already, this feature decreases the selling pressure in the market due to the long-term commitment required to yield the APY return in full. This only adds more to the allure of Bitcoin BSC.
As a derivative coin that taps into the staking utility, Bitcoin BSC is part of a wave of version 2.0 coins that sets itself apart from its meme version 2.0 rivals due to its added value. Topping up your Bitcoin BSC funds while they’re still relatively modest might yield significant returns during the halving cycle, teeing up prospects for remarkable profits.
Nonetheless, the cryptocurrency landscape is not without its perils. While September was a lucky month for Bitcoin, witnessing a positive return for the first time in six years, the future is unpredictable. The predicted exponential surge in the price of Bitcoin BSC remains speculative at best.
Trade and stake responsibly as the risks are as high as the rewards. Ensure you are keeping up to date with the latest updates regarding Bitcoin BSC, and remember to diversify your portfolio to minimize potential drawbacks.
All in all, caution, research, and risk diversification remain central to growing your wealth in the volatile cryptocurrency domain. Truly, this sector continues to be an exciting realm for investors and traders alike.
Source: Cryptonews
