Bitcoin Price Stalls at $29k, But BTC20 Climbs To $5m And Could Explode 100x – Presale to Sell Out in Hours
The bitcoin price is holding above $29k as progress stalls, but the new ‘Bitcoin on Ethereum’ crypto BTC20 surges to $5 million, with its presale set to sell out in hours.
It took less than 24 hours for the BTC20 fundraising to climb from $4 million to the $5 million mark.
Raising the final $1 million to reach the $6,050,000 million hard cap target will likely be completed today as the presale run rate accelerates.
The possibility of buying bitcoin at its 2011 price of $1 and earning yield, too, has stoked interest in the coin as buyers eye returns that could be north of 100x.
BTC20, a token modeled on bitcoin’s tokenomics but issued on the Ethereum blockchain, has now raised a whopping $5 million, despite launching its presale just 12 days ago.
BTC20 is selling 6.05 million $BTC20 tokens for $1 each in presale for a hard cap of $6.05 million.
That mirrors the price and supply of bitcoin back in April 2011.
BTC20 gives investors who missed the bitcoin boat (which, let’s face it, is pretty much all of us!) a second chance to buy bitcoin for its 2011 price of $1.
But BTC20 is much more than just a throwback to bitcoin in 2011.
Its innovative staking mechanism means that investors could generate massive passive yields on their holdings.
Add to that the green credentials and other benefits of running on Ethereum, which is still the crypto industry’s leading commercial and decentralized application layer, and buying BTC20 is a no-brainer.
Visit the BTC20 website here
If the stunning pace at which BTC20’s presale is selling out isn’t enough evidence of the considerable hype the project is generating, just look at how the project has been trending on Google.
BTC20 has consistently been attracting close to the same – or more – search
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