Bitcoin BSC Price Prediction – $BTCBSC Price Potential in 2024

Update – Bitcoin BSC will be listed on Pancakeswap on October 4th, 2023 at 09:00 UTC, its presale phase is now sold out.

2023 has seen many new versions of established crypto assets emerge that aim to give investors a second chance to profit from the bull runs similar to the original tokens. Bitcoin, too, has seen multiple iterations in this regard. Bitcoin BSC is the latest one among them. Built on the BNB smart chain, Bitcoin BSC is an innovative project that brings the core fundamentals of Bitcoin to a greener blockchain. The astonishing success of its ongoing presale has positioned it among the most trending cryptocurrency projects on the market.

This Bitcoin BSC price prediction will take a look at this project’s fundamentals and forecast its price action for months and years to come. We will also look at the factors that could influence Bitcoin BSC’s price before providing you with a quick guide on how to buy this asset via presale. Nevertheless, you can also read our guide on how to buy cryptocurrency with ease.

Bitcoin BSC Price History

Bitcoin BSC emerged on September 5 and ended up raising $25,000 within 24 hours of launch. Before the end of the month, it netted more than $5 million.

The pace of the presale suggests growing interest in the Bitcoin clone, which could prove fruitful once the presale concludes and the Bitcoin BSC starts trading on cryptocurrency exchanges.

Bitcoin BSC has attributes similar to the original Bitcoin in terms of tokenomics. There are 21 million tokens in total, out of which 29%, equivalent to 6.125 million tokens, are allocated to a two-staged presale. The presale price for the token has been set to $0.99 for both stages to simulate the similarity with Bitcoin’s offering back in 2011.

The goal is first to sell off 4 million of the presale tokens. If this allocation sells out quickly, the remaining 2.125 million will be offered in the second presale round. Once the presale concludes, Bitcoin BSC will go live on Uniswap. Bitcoin BSC has reserved 2% of the total supply for the DEX liquidity.

What Is Bitcoin BSC?

Bitcoin BSC is a Bitcoin clone built on the BNB smart chain. This BEP-20 version of Bitcoin is simulated to start at an early point in Bitcoin’s history in 2011.

It aims to follow Bitcoin’s fundamentals closely, from its tokenomics to the reward-based utility, in order to give users access to an alternative investment that could go on the same bullish rally Bitcoin did after 2011.

Being built on the BNB smart chain, Bitcoin BSC is a proof-of-stake token, with its staking utility closely resembling Bitcoin’s reward structure. Just like Bitcoin releases 1 block every 10 minutes, Bitcoin BSC’s staking pool releases one block of reward to stakers every 10 minutes. The size of the reward depends on the number of tokens staked and the APY.

Bitcoin BSC plans to release the tokens locked inside its staking protocol over the next 120 years, giving itself a long-term upside.

What Factors Drives Bitcoin BSC Price?

Bitcoin BSC has hit the ground running, with its presale earning close to half a million over the course of a few days. However, once the presale concludes, the following factors will play a role in driving its price:

Clone Of Bitcoin

Bitcoin BSC portrays itself as a better, more efficient, and more eco-friendly version of Bitcoin. It states that it builds on the weakness of the original token, which could help it get noticed by the crypto community.

Also, bitcoin has been in the news a lot lately, partially due to the recent issues with the processing of spot Bitcoin ETF applications. Furthermore, the recent Bitcoin sell-offs by SpaceX have also had a detrimental impact on Bitcoin. Energy consumption issues are another reason most retail investors have chosen to backtrack from BTC.

Under these circumstances, people are looking for an alternative asset that could potentially make the same waves that Bitcoin did in the early days. Bitcoin BSC is one of the alternatives they could pick. Not only is it environmentally friendly thanks to being built on the BNB smart chain, but it also introduces investors to a faster and more secure blockchain with long-term prospects.

Furthermore, considering the recent presale is simulating Bitcoin’s moves of 2011, BTCBSC gives investors a second chance to invest in Bitcoin.

Staking Rewards

Another factor that could work in Bitcoin BSC’s favor is the presence of staking rewards. Much like Bitcoin releases a reward block every 10 minutes, Bitcoin BSC will be releasing 1 block of BTCBSC tokens to stakers following the same schedule.

The size of the reward will be determined by the number of tokens staked and the current APY. At press time, Bitcoin BSC is rewarding 0.25 BTCBSC per block with an estimated annualized percentage yield of 1198%. This will drop significantly as more tokens are staked, but the promise of passive gains will be enough for investors to stick around.

Considering that these tokens will be released to stakers over the next 120 years, the long-term prospects of this token are also high.

Another impact of staking would be the reduction of sell-offs. As staking incentivizes users to hold the tokens, it would prevent them from selling off the asset during peak times. It would limit the circulating supply of the token, thereby increasing its value.

Check out our guide on the best crypto-staking platforms.

Crypto Market Conditions

Bitcoin BSC is not an asset that would move on the price charts exclusively on its own merit. Being a Bitcoin clone that offers staking facilities, its price would be influenced by how high-cap tokens perform.

If there is a major whale buy action for Bitcoin around October, which would be by the time Bitcoin BSC’s presale has concluded, its price will experience major tailwinds from the market. Furthermore, the upcoming halving in 2024 and the bull run that Bitcoin will experience (hopefully) in 2025 would also influence how many buyers Bitcoin BSC is able to attract.

Crypto Mining Regulations

Most countries in the Western Hemisphere are up in arms about crypto mining. New York has gone as far as inflicting a partial ban on crypto mining partially.

More mining regulations will come in the future, which will likely move investors away from Proof-of-Work crypto, thereby compelling them to look for alternative investments that allow them to earn passive income through alternate means. Bitcoin BSC’s staking utility can be one of the answers for these investors.

Also, see our guide on the best Proof-of-Work coins.

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Bitcoin BSC Price Potential – Case Study

To glance at Bitcoin BSC’s price potential, we need to look at similar assets. There have been multiple variants of Bitcoin this year, and most of them have failed.

One of the closest examples to consider is BTC20. It was also introduced as a presale. Built on the Ethereum blockchain, it also provides a staking utility, allowing users to earn passive gains by holding their assets.

It rallied after the conclusion of its presale, going up by 6 times on Uniswap before retracing to a sub-dollar level before rebounding and is currently hovering around the $1.5 mark.

Bitcoin BSC, being built on the BNB smart chain, is providing a greener and better alternative to BTC20. It could help it rise even higher. And even if it doesn’t, BTC20 has shown that Bitcoin clones have many takers in the market.

For an in-depth analysis of this token, you can check out this video.

Bitcoin BSC Social Media Handles

In order to stay updated with the developments of the Bitcoin BSC ecosystem, follow the links below:

1. X (Formerly Twitter)
2. Telegram

Be mindful of clones of these channels. The fast presale Bitcoin BSC has been going through will likely invite copycats. Beware of these scams, and remember that devs won’t message you first. Also, only use the official link of the project – bitcoinbsc.io – to invest in this project.

Also, see our guide on the best crypto presales.

How To Buy Bitcoin BSC – Quick Guide

Here is a quick guide on how to invest in Bitcoin BSC:

1. Go to the official Bitcoin BSC website.
2. Click the “Connect” Wallet and make sure that you have enough ETH, USDT, or ETH tokens in your wallet.
3. Swap your tokens for BTCBSC and claim them once the presale concludes. Alternatively, you can stake them right away to generate passive gains.

Also, see our full guide on how to buy Bitcoin BSC to get complete information on this token.

Conclusion

Even though Bitcoin BSC is yet to be listed on cryptocurrency exchanges, its key fundamentals are enough for us to give you a comprehensive insight into its future value. At press time, Bitcoin BSC has raised close to $5 million in early investment.

The current pace suggests that the presale might be over ahead of schedule, which makes it suitable for early movers to act now and invest in this project.

Update – Bitcoin BSC will be listed on Pancakeswap on October 4th, 2023 at 09:00 UTC, its presale phase is now sold out.

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