Dogecoin (DOGE) price today is $0.1009. Right on the edge of burning back a zero, the cryptocurrency is down -10% on the week and nearly -20% on the month. Looking to scale back on some losses, it looks like some holders are following the Dogecoin Killer token investors trend. Some small crypto shrimp investors from the $DOGE crowd have begun migrating funds into the Bitnance token presale.
A top 5 cryptocurrency on the BNB chain [CMC], traders have begun converting funds to buy the blockchain’s new store-of-value asset option, Bitnance.
No $DOGE whales have come yet but smaller investors are trending, spending $50 to $100 per purchase, as indicated by the ICO transaction address. These shrimps and planktons of the crypto sea indicate that there’s a shift in popularity for the Bitnance token, which may be triggered by profit potential.
About Bitnance token
The $BTN token is a digital store of value assets for the BNB-chain and an on-chain alternative to Bitcoin. Only 10-million tokens will be minted ever; half the supply of the BTC.
The layer-2 token solution also answers the growing demand for the disruption of Bitcoins’ centralization of power in the store-of-value niche. American Hero Edward Snowden spoke on the issue of BTC’s dominance and how the government could use that and Artificial Intelligence to begin tracking down every person behind a crypto transaction with a single scan.
From this problem that was identified by Snowden, proclaimed Crypto experts and developers came up with the idea that dilution of the store-of-value asset niche could improve the overall digital currency world. Since then, Ethereum Blockchain has seen the launch of an SOV asset and now BNB-chain is following suit.
Powered By The Best Blockchain
However, one thing different for the Bitnance token from all, is simply the reach of its layer-1 blockchain. The BNB-chain is used by over 160-million people globally. Also, it has a very heavy influence over the reach of coins into big countries outside of the US & EU.
That reach could see a very swift pickup in demand for the Bitnance token, with one analyst predicting it could reach $46 in value.
+30% Return on Today’sInvestments On Listing Day
Only a prediction however, which has been made clear by the $BTN developers, the listing day price of Bitnance will be $0.45-cents. That’s a +30% profit yield on today’s presale price, come December 5th.
In the initial coin offering the rising store-of-value cryptocurrency is a bit over $0.35-cents per token, today. The price is set to increase in 2 days by 0.1% and will continue to do so every 72 hours until the token presale closes.
This new token presale ends on December 1st.
The subreddit r/BitnanceTokens has just surpassed 300 users and appears to be open for public discussion on the DSOV asset. Nearly 15 new users appear to be joining daily, supporting the idea that the popularity of the crypto brand is rising organically.
Why do Dogecoin (DOGE) Holders are Selling?
Essentially, the Dogecoin (DOGE) holders migrating funds appear to be looking to find a way to win back losses. An investment today would at least see a +10% profit yield once the SOV token launched on exchanges in December.
However, with Elon Musk winning his case against investors saying he ‘pumped the market’ for his personal gains [a meritless attempt by failed investors], things could swing upwards soon.
If Tesla, X, or one of Musk’s major corporations were to begin working with the Dogecoin brand again it could swing upward soon. At this point however, things are all over the place as reported on one popular CMC post.
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