Bitcoin Price Retargets $30,000, But This Ethereum-Based Alternative Could See More Explosive Upside – Staking Starts Today, Lists on DEXs Thursday
The Bitcoin price (BTC) is rallying to retarget $30,000, but analysts are tipping exciting new Ethereum-based Bitcoin alternative BTC20 for explosive upside when it lists on Thursday 10th.
Staking of the BTC20 token starts later today at 3 pm UTC.
Bitcoin got a boost on Tuesday from optimism around the possibility that spot bitcoin ETFs will be approved by early 2024 following bullish commentary from Galaxy Digital CEO Mike Novogratz, and after PayPal's announcement on Monday that it will issue its own stablecoin.
Other Bitcoin alternatives such as Bitcoin Cash, Bitcoin SV, and Litecoin have also risen since Tuesday, setting the stage for a strong performance for the BTC20 coin when it launches across Ethereum-based decentralized exchanges (DEXs) on Thursday.
BTC20, which pitches itself as a second chance to get in on bitcoin back when it cost $1 back in 2011 and as a better version of the original bitcoin, sold out a blockbuster $6.05 million presale in under two weeks last week.
BTC20 token lists on the Uniswap decentralized exchange tomorrow, on Thursday 10th of August at 3 pm UTC.
An explosive start to trading is expected, given the pent-up demand and FOMO that has been building since the token’s presale ended last week.
At a current market cap of only around $6 million, there is plenty of room for the BTC20 price to explode to the upside – Connor Kenny, a YouTube crypto analyst with 164k subscribers, certainly thinks so.
10x gains or more could be the tip of the iceberg regarding return on investment for BTC20 holders.
If you are not already a BTC20 owner, you can buy the token when it lists on Uniswap on Thursday at 3 pm UTC on August 10. There is no tax to pay on transactions.
Presale buyers will be able to claim their
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