Bitnance is gaining significant attention during its presale phase [here], attracting investors from other well-known tokens like Tron and Shiba Inu. Both projects have faced their own challenges recently, leading to a shift in the market toward Bitnance, which is positioning itself as a new store of value that could play a big part in the future of cryptocurrencies.
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Market Update: Tron and Shiba Inu Struggles
Tron ($TRX) has seen a decline over the past week, dropping 4.9%. In the last 24 hours alone, it has lost 0.8%. This downturn comes despite ongoing efforts by Justin Sun, the billionaire behind Tron, to improve liquidity in the network.
Sun recently announced changes to the burn mechanism on his SunPump platform, aiming to strengthen token liquidity. However, with the market flooded by new meme coins—over 70,000 created since August—investors seem to be losing confidence.
Shiba Inu ($SHIB) has also faced difficulties. Despite a recent 4% uptick in its value, the token has struggled to maintain long-term momentum. The recent mishandling of $100,000 worth of Ethereum within the Shiba Inu DAO has further undermined investor trust. This incident, involving a failure to secure funds as per community vote, has added to the project’s woes and contributed to a broader sense of instability.
Investor Shift: Tron & Shiba Inu Investors Flock to Bitnance
As Tron and Shiba Inu face mounting challenges, part of their communities are turning their attention to Bitnance, a new project with a unique focus on scarcity and decentralization.
The project’s main appeal is its scarcity and ability to retain value. In contrast, SHIB and TRX have inflationary tendencies due to their large supplies and inconsistent burn rates, which can dilute their value over time.
Meanwhile, Bitnance’s total maximum supply of 10.5 million tokens makes it over 56 million times scarcer than Shiba Inu, and 8,261.5 times scarcer than Tron.
When projects become dependent on burning mechanisms to keep inflation tamed – it often creates an unstable ecosystem where the currency becomes subordinate to token burns to generate momentum and investor interest.
In contrast, Bitnance offers a fixed supply of just 10.5 million tokens. The idea is that once the token is listed and introduced to Binance Chain’s 160 million users, the combination of high demand and limited availability will create a snowball effect. This could lead to exponential growth for $BTN over time.
Presale Boom: Bitnance Gains Investor Confidence
Bitnance’s presale has proven a success so far. On top of causing an exodus between projects from interested traders, the sales rate has also been growing exponentially over the past month.
During the past 30 days, sales have more than doubled with an average of over 5,000 tokens sold per day in the last week alone. This growth is particularly impressive given the limited token supply.
With limited availability, the presale might end sooner than expected. According to their official website, BTN is currently valued at $0.35 and is expected to launch at $0.45, a 28% increase.
As more Tron and Shiba Inu holders make the shift, Bitnance is gaining traction as a reliable store of value, with a deflationary model built on scarcity rather than reactive burns. This positions it as an appealing alternative for those seeking stability and long-term growth.
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