A crypto expert with over 300,000 followers on Twitter/X has shown that Bitcoin Dominance is exceptionally high, meaning money is about to start flowing into Bitcoin and Bitcoin derivatives.
While the altcoin market is expected to sink, Bitcoin and its notable derivatives will soar in the coming weeks – sparking the next Bitcoin bull run.
In particular, one Bitcoin derivative has started to seize all the attention after raising over $200,000 in under 48 hours.
Investors are quickly flocking to Bitcoin BSC due to its groundbreaking steak-to-earn mechanism, which is expected to provide upward of 20x returns as it will cause a supply shock on the open markets.
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Crypto Expert Shows Bitcoin Dominance High and Money is Flowing into BTC and Bitcoin Derivatives
CrediBull Crypto, a notable crypto expert with nearly 350,000 followers on Twitter, has warned investors to keep away from altcoins as the Bitcoin Dominance continues to climb.
The analyst has stated that Bitcoin dominance has broken out, and we’re starting to see a clean, impulsive trending price action – the first time witnessed in over two years.
CrediBull Crypto posted a screenshot of the Bitcoin Dominance chart alongside the Bitcoin price;
The chart shows that every impulse on Bitcoin since $15,000 brought about another higher high on the BTC dominance – indicating that money is flowing out of altcoins and into Bitcoin and its derivatives.
The analyst continued emphatically stating that “the bottom is in,” and we are now in a new impulsive trending environment.
He reasons that Bitcoin Dominance shows that money is flowing back into Bitcoin at levels not seen in over two years, which is expected to help BTC create new highs and trigger a new flow of capital into the space and its derivatives.
Which Bitcoin Derivatives Are Worth Watching?
In light of the Bitcoin Dominance narratives, investors are turning their attention to a string of lesser-known Bitcoin derivatives capable of producing outsized returns with smaller sums of investment.
A string of Bitcoin derivatives have performed well in recent memory, such as Bitcoin Cash, BTC 2.0, and BTC20 – which produced a 5x return for early adopters at its peak.
However, one new Bitcoin derivative is starting to steal all the attention.
Bitcoin BSC ($BTCBSC) recently launched its presale, attracting over $200,000 of investment in under 48 hours.
Investors are rushing to this project because they believe its intuitive stake-to-earn mechanism will create a supply shock on the market, meaning there won’t be much $BTCBSC to purchase after the presale – pushing prices higher.
Bitcoin BSC Stake-to-Earn Causes FOMO – Raising $200K in Under 48 Hours.
Bitcoin BSC is the latest Bitcoin Derivative that’s introducing a staking concept expected to alleviate the selling pressure on the market when the token launches and will help create long-term utility.
Your life would have been totally different if you had the opportunity to purchase Bitcoin at the earliest price of $0.99 back in April 2011.
Well, Bitcoin BSC is rewinding the clock and providing everybody to get in “early” at a $0.99 price point before a Bitcoin-like price explosion.
Bitcoin BSC is a BEP-20 version of Bitcoin built on the Binance Smart Chain.
The project has a verified staking contract that releases $BTCBSC rewards in line with the original Bitcoin block rewards schedule.
Those staking their $BTCBSC earn a percentage of the rewards through the intuitive Proof-of-Stake consensus mechanism – without having to front the cost of the expensive mining machines.
This makes Bitcoin BSC a greener and more environmentally-friendly Bitcoin Derivative.
In addition, being built on the Binance Smart Chain allows $BTCBSC to take the security and technology from Ethereum while helping investors save money on gas fees and being faster.
It also opens up the potential for a wide range of dApp integrations down the line.
Staking Concept Set to Cause Supply Shock
Investors are expecting huge returns from this project as they believe the staking mechanism will cause a huge supply shock on the open market, meaning newcomers will be forced to pay much higher prices to enter $BTCBSC following the presale.
This is because the majority of the total token supply will be locked in the staking contract.
The total supply of $BTCBSC is 21 million – the same supply of Bitcoin that it’s derived from.
The presale is paying homage to Bitcoin in 2011 when the price was $1, and there was 6.125 $BTC in circulation.
Therefore, 6.125 million $BTCBSC are being made available for purchase in the presale at $0.99.
After the presale is finished, 14.875 million $BTCBSC will be sent to the secure and immutable staking contract to provide rewards for stakers for the next 120 years – meaning most of the tokens are locked away.
In addition, any unsold tokens will also be added to the staking contract.
Those participating in the presale can already stake their purchased $BTCBSC, which is currently providing a rather impressive 2,000 APY;
The staking helps to incentivize long-term participation in the project and reinforces the commitment and dedication of the community.
Investors believe this staking concept will cause a huge supply shock on the market as the majority of the tokens will be locked in the staking contract.
In addition, the attractive APY means most presale investors will also be staking their $BTCBSC, meaning there will be a shortage of new tokens to be purchased once the presale ends.
Invest Today Before Presale Ends As FOMO Rises
Welcome to #BitcoinBSC!🪙
— Bitcoinbsc (@Bitcoinbsctoken) September 5, 2023
The green BEP-20 version of #Bitcoin on BNB Smart Chain, taking you back to Bitcoin's 2011 roots!
Stake $BTCBSC and earn rewards.
Don't miss it – join the #Presale today!🚀
https://t.co/oM0YP8IlbV pic.twitter.com/vJjLltzQQG
With the hype surrounding Bitcoin BSC exploding, investors are encouraged to invest in the presale as the FOMO rises.
After raising over $200,000 in 48 hours, the presale isn’t expected to last more than a week or two, so those looking to invest must act quickly.
Bitcoin BSC gives everybody the opportunity to purchase an upgraded version of Bitcoin at the lowest possible prices.
Investors now have the chance to buy the asset for less than $1 and take advantage of the passive income generated through the power of staking.
Once the project launches, it’s expected to instantly start trending on popular platforms like DexTools as the price climbs well beyond the $0.99 presale price.
The presale is powered by Web3Payments, allowing you to purchase the token for $0.99 using BNB, ETH, or USDT.
Investors can check out the Bitcoin BSC whitepaper for more information or follow the project’s Twitter and Telegram accounts for the latest updates.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
