{"id":421863,"date":"2023-07-22T19:56:30","date_gmt":"2023-07-22T19:56:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=421863"},"modified":"2023-07-22T20:14:32","modified_gmt":"2023-07-22T20:14:32","slug":"should-i-buy-bitcoin-now-is-this-btc-alternative-the-next-altcoin-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/should-i-buy-bitcoin-now-is-this-btc-alternative-the-next-altcoin-to-explode","title":{"rendered":"Should I Buy Bitcoin Now? Is This BTC Alternative The Next Altcoin To Explode"},"content":{"rendered":"<p>A commonly typed search term of investors is &lsquo;should I buy Bitcoin now&rsquo; &ndash; or if Bitcoin alternatives, i.e., altcoins, have more potential to explode in price. Bitcoin-inspired utility coin, <a href=\"https:\/\/insidebitcoins.com\/visit\/btc20\" rel=\"nofollow\">BTC20,<\/a> which launched merely six days ago, has had a strong start, amassing nearly $1 million from investors.<\/p>\n<p>Despite a recent correction to below $30,000, Bitcoin remains a topic of optimism as crypto analysts target $50K, predicting a bullish shift. Presently at $29,821, Bitcoin achieved its highest price in over a year at $31,860 in the beginning of July, signaling the end of the bear market.<\/p>\n<p>Since Bitcoin isn&rsquo;t the only cryptocurrency out there, it&rsquo;s important to research the <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-altcoins\">alternatives<\/a> to see which ones are succeeding.<\/p>\n<p>A new utility coin, BTC20, inspired by Bitcoin, is gaining attention. With a stake-to-earn concept, BTC20 aims to be the &lsquo;new Bitcoin&rsquo;. Launched just six days ago, its presale is priced at $1, reminiscent of Bitcoin&rsquo;s symbolic 2011 value. Nearly $1 million has been raised so far.<\/p>\n<h2>BTC20 &ndash; New Bitcoin with Millionaire Potential<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/btc20\" rel=\"nofollow\">BTC20<\/a> (BTC20), a new cryptocurrency project, has launched its token presale, aiming to recreate Bitcoin&rsquo;s early days. Seasoned cryptocurrency investors are attracted to this Ethereum-based Bitcoin-like project for its unique features.<\/p>\n<p>While various Bitcoin copies exist, none provide the features and advantages that BTC20 offers, making it beneficial to early investors. The BTC20 team is confidently recreating the golden era when bitcoin was inexpensive. This gives BTC20 the potential to become millionaires, which would increase as additional investors helped it achieve its early success.<\/p>\n<p><iframe title=\"BTC20 Attempts to Repeat Bitcoin History - New Crypto That Could Explode Soon?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/_R47JhiEr3M?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>BTC20 is the resurrected version of the most well-known cryptocurrency ever, not just a cryptocurrency to buy that is inspired by Bitcoin. Not only is it a great concept, but it also has the same value as Bitcoin did in 2011. In simple terms, BTC20 was created as a <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/greenest-cryptocurrency\">green cryptocurrency<\/a> that was established as an <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-erc-20-tokens\">ERC-20 token. <\/a><\/p>\n<p>BTC20 is a distinct cryptocurrency that is similar to BTC and was created using the proof-of-stake (PoS) algorithm on the Ethereum network. As a result, the initiative is more beneficial for the environment and offers more rewarding opportunities than the Bitcoin network itself.<\/p>\n<p>Watch the full BTC20 presale update in the video above, and subscribe to his <a href=\"https:\/\/www.youtube.com\/@JacobCryptoBury\">YouTube channel<\/a> for more crypto-related content. Moreover, Jacob Crypto Bury manages a <a href=\"https:\/\/insidebitcoins.com\/visit\/jacob-crypto-bury-discord\" rel=\"nofollow\">Discord channel<\/a> with 17,000 members, offering trading tips and insights on <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/new-upcoming-icos\">upcoming crypto presales.<\/a><\/p>\n<h2>BTC20 Token Presale &ndash; Early Investors Eyeing a Bitcoin-Like Experience<\/h2>\n<p>There are 21 million tokens in <a href=\"https:\/\/insidebitcoins.com\/visit\/btc20\" rel=\"nofollow\">BTC20.<\/a> Only 6.05 million will be made accessible in its presale, with the remainder of the funds going toward staking rewards. BTC20 is a scarce asset due the staking unlock schedule takes 120 years, as stated in the whitepaper.<\/p>\n<p>The presale for BTC20 will be offered at a single-tiered cost of $1. The presale hard cap is $6.05 million, and there are 6.05 million tokens available. A $3 million soft cap is also part of the presale. A spike of interest has helped the recently announced BTC20 presale raise almost $980,000 in just six days.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#127775; Unlock the Power of Staking with <a href=\"https:\/\/twitter.com\/hashtag\/BTC20?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC20<\/a>!<a href=\"https:\/\/twitter.com\/hashtag\/Staking?src=hash&amp;ref_src=twsrc%5Etfw\">#Staking<\/a> your $BTC20 <a href=\"https:\/\/twitter.com\/hashtag\/Tokens?src=hash&amp;ref_src=twsrc%5Etfw\">#Tokens<\/a> allows you to earn passive income while actively participating in network security. <\/p>\n<p>Discover how staking works and join the $BTC20 <a href=\"https:\/\/twitter.com\/hashtag\/Presale?src=hash&amp;ref_src=twsrc%5Etfw\">#Presale<\/a> now &ndash; <a href=\"https:\/\/t.co\/N56IcYsKHq\">https:\/\/t.co\/N56IcYsKHq<\/a> <a href=\"https:\/\/t.co\/0IvDEVBuyC\">pic.twitter.com\/0IvDEVBuyC<\/a><\/p>\n<p>&mdash; BTC20 (@BTC20Token) <a href=\"https:\/\/twitter.com\/BTC20Token\/status\/1682767514093117440?ref_src=twsrc%5Etfw\">July 22, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>You have the option to directly connect your MetaMask wallet or choose another wallet app through Wallet Connect. With Web3Auth, accessing the website requires only your email address. Buy BTC20 using ETH on Ethereum or BNB on Binance Smart Chain.<\/p>\n<p>Alternatively, pay with USDT on either network, ensuring sufficient ETH or BNB for gas fees. For bank card transactions, Wert, a third-party provider, is their partner, and a crypto wallet address is necessary.<\/p>\n<p>At the presale&rsquo;s end, before the project goes public, you can claim your BTC20 tokens. The dates for claiming and project launch will be announced, and the claiming process will take place on the Ethereum network.<\/p>\n<h2>BTC20 Offers Staking and Profitability<\/h2>\n<p>The BTC20 project&rsquo;s different <a href=\"https:\/\/insidebitcoins.com\/cryptocurrency\/crypto-staking\">staking<\/a> system, which enables token holders to create a passive revenue stream, is at its core. This configuration, which uses a PoS consensus algorithm, is intended to be far more energy-efficient than Bitcoin&rsquo;s proof-of-work (PoW) setup.<\/p>\n<p>Following the BTC20 presale, 14.95 million BTC20 tokens will be locked in a staking contract. Each time a new block is validated on the Ethereum blockchain, users who stake their BTC20 will receive a portion of the rewards.<\/p>\n<p>The more tokens staked, the higher the share of profits, encouraging ongoing engagement. Unlike Bitcoin&rsquo;s mining setup, BTC20&rsquo;s stake-to-earn protocol is more accessible as users don&rsquo;t need expensive mining or processing hardware to participate. Take part in the BTC20 presale at <a href=\"https:\/\/insidebitcoins.com\/visit\/btc20\" rel=\"nofollow\">btc20.com.<\/a><\/p>\n<h3>Related<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-chops-at-30000-new-1-btc20-token-seen-as-bitcoin-alternative\">Bitcoin Price Chops at $30,000, New $1 BTC20 Token Seen as Bitcoin Alternative<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-bitcoin-new-1-crypto-aims-to-redo-the-btc-bull-run-btc20\">Is It Too Late To Buy Bitcoin? New $1 Crypto Aims to Redo The BTC Bull Run &ndash; $BTC20<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-saturday-22-july-btc20-tron-litecoin\">Next Cryptocurrency to Explode Saturday 22 July &ndash; BTC20, TRON, Litecoin<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/arkham-coin-price-touchs-july-low-of-0-57-is-btc20-the-sounder-crypto-investment\">Arkham Coin Price Touchs July Low of $0.57. 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&ndash; or if Bitcoin alternatives, i.e., altcoins, have more potential to explode <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/best-crypto-discord\" title=\"Best Crypto Discord\">[&#8230;]<\/a><\/div>","protected":false},"author":1899,"featured_media":421864,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-421863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Should I Buy Bitcoin Now? Is This BTC Alternative The Next Altcoin To Explode - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"A commonly typed search term of investors is &#039;should I buy Bitcoin now&#039; - or if Bitcoin alternatives, i.e., altcoins, have more potential to explode in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/421863\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should I Buy Bitcoin Now? 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Her current interests lie in researching promising new altcoin projects still at the presale or ICO stage, and sharing them with beginner investors. Connect with Rochelle via Twitter or the Jacob Crypto Bury Discord community where she is a regular poster. While not producing educational crypto material, Rochelle is also a proud CP mom, caring for a child with cerebral palsy.\",\"sameAs\":[\"https:\/\/discord.com\/invite\/8meW7NYMdN\",\"https:\/\/x.com\/deydom2728\"],\"url\":\"https:\/\/insidebitcoins.com\/author\/rochellemanalo\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Should I Buy Bitcoin Now? 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