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An active Kaspa (KAS) coin holder recently decided to transfer over US$800 into the Bitnance (BTN) token presale. This individual joins the ranks of Ethereum (ETH) whales and Shiba Inu (SHIB) traders who have also made the move. However, it seems the trader is diversifying their gains, suggesting potential growth for both tokens in the near future.
This trader’s transaction adds to the positive momentum surrounding the Bitnance token presale. Early Monday morning, three purchases totaling slightly over 0.1 ETH were made, pushing the average presale activity to just under 5,000 tokens daily over the weekend.
Uptrending Sales Activity
The 5,000-token average continues the upward trend in sales activity for the token presale. Last week, daily activity surged by over 2,000%, and if this trend continues, investors could witness days where over 10,000 tokens are sold.
This increase in daily sales activity also indicates that the project could potentially sell out.
Unique to the Binance Smart Chain (BNB-chain), Bitnance is a new digital store of value asset. With a very low total token supply, it has an infrastructure designed to help investors retain value, even if their local economy and fiat currency experience a decline.
This is crucial in today’s economic climate and is a primary reason why Bitcoin has become such a phenomenon. However, this might be the first time a cryptocurrency project of this nature has been launched on the Binance Smart Chain (BSC).
Buy-Sell-Swap Crypto Transaction Fees
Beyond potential profit gains, the Layer-1 blockchain also offers investors a significant advantage in terms of transaction fees. Bitnance (BTN) is expected to cost nearly 80% less than Bitcoin to buy, sell, or trade. The associated gas fees should be more favorable for everyone, especially those who use the BSC blockchain.
Currently priced at US$0.358 per token on Bitnance.net, the listing day yields are projected to be +30% profits. The Bitnance token, symbol BTN, will be listed on crypto exchanges four days after the initial presale offering ends on December 1st. The price on CEX(ES) is expected to be $0.456, according to the crypto project’s whitepaper.
$1.85 Price Prediction for December 2024
Based on typical crypto listings, however, first-day profits could be much higher. A similarly structured token on the Ethereum Blockchain returned over 300% profit to investors on its first day of listing. The Binance Blockchain has a much larger user base, which could drive gains of 400-500% — potentially pushing the token price to $1.85.
If the price does reach $1.85, today’s investors who put in $1,000 could see a return of just over US$5,182.
These high-profit margins may have influenced the KAS coin holder’s decision to move funds into the ICO. While Kaspa has a promising future, the ICO gains are expected to outperform the profits currently being made from holding KAS.
KAS Coin Price Could Reach $0.56 By December
The KAS coin is predicted [chart] to reach $0.56 by September 30th. However, this represents only around a 100% return, compared to the 4x-5x gains anticipated from the Bitnance presale.
The trader who moved into the presale, as seen on the BTN presale transaction address, is linked to a wallet holding at least five figures [$XX,XXX] worth of KAS coins. A savvy investor, they have already earned at least four figures in profit this year, likely from an early investment in Kaspa Coin’s initial listing.
If this trader made such a wise decision, it’s a strong positive signal for why they are now investing in the new token presale, which is rated by
Source: captainaltcoin.com