Bitcoin Price Passes $71K Again – 99Bitcoins Reaching $2M in Presale
Bitcoin's ($BTC's) performance has been fluctuating wildly these past months. Despite hitting a $73K ATH in mid-March, selling pressure drove the price down to $58K in early May. However, Bitcoin passed $71K today, making a comeback.
A promising project that could benefit from Bitcoin's growth is 99Bitcoins ($99BTC), whichraised over $1.95M during the presale.
$99BTC is a Learn-to-Earn (L2E) platform with attractive staking rewards that will transition to the Bitcoin blockchain in the future.
Keep reading to learn as we discuss 99Bitcoins' features and determine if it's a promising investment.
Bitcoin Fuels Broader Market OptimismOver the past 24 hours, $BTC's price hassurged from $68K to $71K, fueled by $37K coins being acquired over the past day - it's just $2K away from hitting its ATH of $73.8K.
Bitcoin's rally spotlights investor confidence in not just Bitcoin but other cryptocurrencies.
Analysts predicted the SEC's approval of Bitcoin in January 2024 would propel Bitcoin to greater heights and strengthen investor sentiment regarding cryptocurrencies across the board.
Bitcoin ETF Approved
A Bitcoin Exchange-Traded Fund (ETF) has been a topic of considerable discussion and speculation within the financial industry. An ETF is a type of investment fund and exchange-traded product, wherein investors can buy and sell shares representing partial... pic.twitter.com/csxonVQ6zB
- Truflation (@truflation) January 10, 2024
Past performance has also seen $BTC's and other crypto prices soar following the Bitcoin halving event.
Bitcoin's growth will likely benefit 99Bitcoin's presale as it approaches its $2.7M target.
99Bitcoins operates on the Ethereum blockchain and plans to migrate to the Bitcoin network as a BRC-20 token. This brings several advantages, including:
- Revamped security for token transactions
- Amplified token immutability
- Participation in emerging token economies like exclusive NFTs and emerging markets
- Increased token value as the Ordinals protocol adds an element of rarity
$99BTC tokens are currently $0.00108, as the presale has raised over $1.95M. Only six days are left until the next price increase.
Major milestone alert!
We've raised over $1.9 million in our $99BTC presale so far!
Don't miss out on this opportunity to get in early.
Join now!
https://t.co/9aJ5rE5LY3#99Bitcoins #CryptoCurrency #BTC pic.twitter.com/EtSqtEd31J
- 99Bitcoins (@99BitcoinsHQ) June 5, 2024
Another $99BTC core feature is the L2E ecosystem. Token holders can earn $99BTC by learning about cryptocurrency.
The project's whitepaper mentions several benefits for $99BTC token holders:
- Interactive lessons to make crypto learning fun and engaging
- Quizzes and certifications to test skills, validating blockchain expertise for more rewards
- Exclusive webinars and courses led by top-tier experts to bolster trading skills
- Networking opportunities with crypto enthusiasts to enhance knowledge and foster friendships
Staking rewards are another attractive benefit. Over $1.26B tokens have already been staked, and the APY is currently 861%.
To stake $99BTC, go to the official 99Bitcoins website and click Buy and Stake.'
Staking rewards (14% of the total supply) are paid out on each Ethereum block over two years, and the rewards are calculated based on the staking pool.
To ConcludeBitcoin's rise above $71K could lead to a bullish season for the crypto space, especially if it surpasses its $73K ATH from March.
As a future BRC-20 token, $99BTC stands to gain the most from Bitcoin's upward trend. While promising, the project will need ample community support to succeed.
Remember that the cryptocurrency space is a volatile and dynamic market. We encourage you to DYOR before investing in crypto.
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