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Investors have begun to turn their attention towards emerging tokens and new ETFs, as Ethereum ETFs continue to gain momentum and Bitcoin continues its decline.
After a launch month of Ethereum ETFs, current data indicates that Ethereum has been making progress in the ETF market. Bitcoin ETFs are losing some of the initial momentum. Bitcoin is still the leader in numbers, with assets of $49 Billion, while Ethereum ETFs are only managing $7 Billion.
But despite this, BTCThe price of, which was $59,377 as we went to press, has dropped even more in the last 24 hours. This drop is pushing investors into unexplored crypto corners. Among new players is an interesting new low-supply token — BitNance.
BitNance BTN is a token for storing value that operates on BNB Smart Chain. There are 10 million tokens in total, 5.6 of them have been set aside for presale. The token supply is 10 million, of which 5.6 million are allocated for the presale. 2.75 millions will go to centralized exchanges. Early investors can boost their profits before the product is sold to the general public.
A token’s current presale is set at $0.357. The price of the token once it is listed in exchanges will be expected to reach $0.465.
BTN, on the other hand, takes a much more conservative approach. It limits its supply to less 11,000,000 coins. The design is similar to Bitcoin’s whitepaper, and the goal is to create long-term security despite market volatility. BTN is dubbed by many analysts as the “new” Bitcoin. “Bitcoin on Binance Blockchain.”
It is not just for that reason. It is also a decentralized network, allowing investors to trade without relying on a central authority. BitNance’s founders have given up control of contracts. BitNance, like Bitcoin, aims to not only be a cryptocurrency but also to act as a safe-haven against inflation and an asset store.
This new coin has been on analysts’ radars since BitNance announced that it sold 60,000 tokens in its pre-sale. BitNance also said that BTN could become the native currency of a new crypto product during the presale.
The BitNance project has a lot of potential. Only time will reveal if the project is worth all of the hype. Projects with low supplies, such as BTN, are prone to high volatility. Investors need to be extremely cautious with their funds.
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Source: crypto.news