BitNance ($BTN) Price Forecast – Revolutionizing Value Storage On BNB Chain

BitNance (BTN) is a modern take on Bitcoin, developed on the BNB Chain, which offers improved security and community-centricity.

There have been many attempts to introduce a different iteration of Bitcoin on different chains. While some of them have brought the community together, most have failed. What is BitNance doing to stand out from the rest?

We explore this question and give our BitNance price prediction based on its unique perks and overall market conditions.

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Continue reading as we assess the project’s presale and key features to support our price prediction.

What is BitNance?

The official website describes BitNance as a Bitcoin alternative on the BNB chain. It taps into the community-centric nature and energy efficiency of Binance’s ecosystem to provide investors with a better Bitcoin alternative as a store of value.

It focuses on giving users a community-focused and governance-secured model, making the token whose control is complete with the investor community.

By virtue of decentralization alone, this project is reliable and resilient and can be where multiple use cases can emerge.

BitNance’s availability on a chain that leverages Binance chain technology makes the ecosystem fair and distributed. Relying on randomly picked voting,  a consensus strategy that gives everyone a fair shake, this project is more energy-efficient and resource-optimized.

Community participation aside, the token’s total supply is also worthy of note. With only 10.5 million tokens available, which is exactly half of the Bitcoin supply, BitNance is a scarcer-than-Bitcoin alternative that can increase in value as time passes.

Fully Decentralized in More than Just a Name

A wide range of blockchain projects uses the buzzword “community-owned.” A deeper analysis of their tokenomics shows that the team holds many tokens and access to the smart contract.

On the other hand, BitNance has renounced its smart contract, giving it fully to the community. The project devs have declared on the official whitepaper that the founder will give up control of the BitNance smart contract once the presale concludes.

Access to the smart contract means the community can establish its own DAO to decide on the project’s future, allowing for unique use cases to emerge that couldn’t be added to Bitcoin due to technological barriers.

What Factors Could Influence the BitNance Price Movement?

BitNance’s source of inspiration is clear, and so is what it is trying to bring to the crypto ecosystem, which makes it easier to list the factors that could influence its price.

Bitcoin’s Price Movement

Since BitNance is inspired by Bitcoin, whatever happens to Bitcoin’s price will be reflected in how BitNance moves on the price charts. If the price movement is bullish, which is the case now, BitNance’s value will increase. However, the BitNance price will still follow suit if the BTC price ventures into the volatile territory.

Even though the token’s eco-friendly and community-centric nature has been highlighted as its perk, Bitcoin will be the most significant factor affecting BitNance’s price.

BNB Tokens’ Price Movements

The second meta-narrative that BitNance can tap into is how BNB chain tokens move on the market.

BNB Chain tokens have a cumulative market capitalization of $315 billion. Recently, the trading volume of these tokens has seen an uptick of nearly 40%. BNB’s value is up, and so are Maker’s, Floki’s, and Polkadot’s. While most BNB tokens move independently, cryptos focusing on the perks of being on the BNB chain move similarly. Since BitNance does the same, it can follow the same trajectory.

Green Crypto Narrative

Another factor that could draw people toward BitNance is its green crypto narrative. BNB Chain consumes less energy – only 0.0004 wh per transaction. It is lower than even Solana, a favorite chain among eco-conscious traders.

As a result, BitNance may attract buyers by tapping into the Solana market.

Community-Centric Nature

The fourth main growth driver for BitNance could be its community-centric nature.

With the smart contract scheduled to be renounced by the founder after the token’s launch, the way the community develops the ecosystem will determine its long-term value.

Exchange Listing

Once the presale concludes, the token’s exchange listing will also determine how much it goes up.

The project’s roadmap suggests that BitNance will go live on decentralized and centralized exchanges. Down the line, BitNance is looking to make an entry into tier-1 centralized exchanges.

Listing a token on major exchanges almost always boosts its value; the same could be true for BitNance.

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BitNance Price Potential

To assess BitNance’s potential, we must examine Bitcoin’s price action to date.

The oldest cryptocurrency on the market has gone through many crest and troughs.

It wasn’t until Bitcoin’s first halving in 2012 that BTC jumped from a double-digit crypto to a triple-digit asset.

The second halving of 2016 didn’t have much impact on it. However, the Bitcoin hard fork of 2017 did. As a result, by 2018, Bitcoin was worth more than $15k. Another big event for Bitcoin after that was the third halving of 2020.

A year later, the price of Bitcoin reached its then-all-time high of $67k before the crypto winter of 2022 set in, which was led by the Terra blockchain.

Things started to look up for BTC again in 2023 with the launch of Bitcoin Ordinals and Tether’s announcement of funneling 15% of its net profit into accumulating Bitcoin, which also pumped its price.

In 2024, Bitcoin reached its all-time high of $71k before a minor correction. The token is now moving inside volatile zones, which will likely persist until the end of 2024.

As the first decentralized cryptocurrency, Bitcoin’s community-centric nature cannot be ignored. However, considering it uses a proof-of-work network, the cost of maintaining the hardware to mine Bitcoin means that only a select few can afford it.

Security issues are also prevalent with Bitcoin due to the blockchain trilemma, and the speed problems are well documented. However, Bitcoin is still a trusted store of value.

If BitNance can use the same narrative as Bitcoin, it could follow the same price trajectory. BitNance, being a low-supply crypto, can also help. However, it will take some time for BitNance to outcompete Bitcoin on the market. Considering that its supply is half, it needs to double the price of Bitcoin to get closer to it, which won’t happen soon.

BitNance Tokenomics

There are 10.5 million BitNance tokens, of which 7.75 million are allocated for presale and liquidity, and 2.75 million are allocated for exchanges. The goal of the presale is to raise $5.6 million.

This tokenomics has been designed to ensure that the BitNance ecosystem remains decentralized and proper earning and distribution give everyone a chance to gain from the asset.

A Look at BitNance’s Roadmap

BitNance has established a simplified roadmap that is made up of four phases.

Phase 1

Phase 1 consists of developing and launching the smart contract. This has already been done. Social media channels for the account have been set up, and the project’s marketing has started.

Phase 2

The second phase will consist of a multistep process that has already started. A countdown timer has been created, and the marketing measures have started to generate engagement. That’s step 1.

Step 2 is to reach creators, developers, and influencers within the crypto industry, encourage them to collaborate with BTN, and enhance its exposure.

Step 3 begins when the token is listed on the biggest decentralized exchanges. Uniswap and Pancakeswap listings are a given, considering the former now supports BEP-20 assets.

Step 4 will intensify the marketing efforts to make major centralized exchanges notice BitNance’s value. The goal is to get the token Iive on CEX within days of its DEX listing.

Step 5 will expand the marketing efforts on social media channels to facilitate mass token adoption.

Step 6 will consist of creating more engagement with the help of industry leaders, marketing professionals, and crypto influencers to solidify BitNance’s position as the best Bitcoin alternative as a store of value.

Phase 3

The third phase of the roadmap is also a multi-step affair involving community rewards and introducing more use cases to the ecosystem.

Step 1 will involve rewarding early buyers with more tokens and community-exclusive access to events and special offers.

Step 2 is to make BitNance reach a $1 billion market capitalization. Even BitNance admits this is an ambitious goal, but it is doable if the community support is strong.

Step 3 is to secure a listing for BTN on top-tier centralized cryptocurrency exchanges. This would make buying the token easier, further enhancing BitNance’s reach.

Step 4 involves releasing more press releases highlighting BitNance’s efforts to democratize access to blockchain assets. Stories about BitNance will start appearing in major publications. For now, the token has already been featured in publications like Captainaltcoin.com and ICO Holder.

Step 5 involves launching innovative DEX projects based on BitNance. Investors should expect more use cases to arrive.

Phase 4

During Phase 4, steps will be taken to consolidate the BitNance ecosystem further by transitioning the control of the asset to holders and community members. From that point, community members will decide the direction BitNance will take.

Is BitNance a Good Investment?

Yes, BitNance is a good investment by all accounts. Here are the reasons why:

It is Inspired by Bitcoin

BitNance has clarified that it is inspired by Bitcoin and wants to give users an alternative asset to use as a store of value. Since it is necessarily a version of Bitcoin on a Binance chain, it offers security and is accessible to a lot more people.

It Leaves Room for Growth

BitNance isn’t making any outlandish claims right away. Its roadmap clearly shows that it seeks to take time with each step before moving forward. A well-defined roadmap will allow investors to get acquainted with its ecosystem properly, which makes it easier for future use cases to arise.

Decentralized Ecosystem

BitNance has established in its roadmap the stage when the developers will relinquish their control and hand over the reins of the ecosystem to community members. This will introduce a high level of decentralization, making the platform more inclusive and allowing it to be more innovative.

Presale Asset

Another reason to buy BitNance is that it is available as a presale,  which means it is available at the lowest possible price. This makes it a cheap cryptocurrency investment with the possibility of pumping upon listing on cryptocurrency exchanges.

Limited Token Supply

BitNance only has a total supply of 10.5 million tokens. This low supply means that when the ecosystem’s popularity grows, it will have more buyers. The “more-demand-less-supply” phenomenon will kick in, giving it a big boost on the price charts.

How to Buy BitNance Token

Here are the steps to buy BitNance (BTN):

1. Go to the official website – bitnance.net.
2. Connect your wallet after ensuring it has sufficient BNB or USDT tokens.
3. Enter the amount of BNB or USDT you want to exchange for BTN.
4. Buy BitNance and claim it when the presale concludes.

BitNance Socials

To keep up with BitNance’s developments, follow its socials:

1. Twitter
2. Telegram
3. Reddit

Conclusion

In this guide, we have given our BitNance price prediction based on how it attempts to give a better alternative to Bitcoin as a store of value and its possibilities. We also explored its growth drivers and why we think it is a good crypto investment.

However, we still recommend that investors do their own research before investing. The crypto market is volatile, which makes being vigilant important. To participate in this project’s presale, go to bitnance.net.

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