News
Bitcoin Price Rises 3% Thanks to New BRC20 Token 99Bitcoins Raises $1 Million in ICO
Bitcoin has rallied nearly 3% in the past 24 hours, showing signs of recovery from the recent decline. Just two days ago, BTC fell below the $60,000 mark, hitting a low of $56,500, causing some concern across the market. However, signs of a steady recovery are evident as we move towards the post-halving pattern.
Meanwhile, BRC20 tokens are gaining more widespread attention as a way to increase Bitcoin’s utility and cause the price to surge again. The new BRC20 token, 99 Bitcoin Tokenjust raised over $1 million in pre-sales as its next airdrop approaches.
Experts point to previous post-halving Bitcoin price patterns
Although Bitcoin has fallen below the important $59,000 support level, it appears to be following a similar pattern to other Halving events. Normally, Bitcoin tends to fall slightly before recovering and reaching new levels.
Some experts have pointed to this as an essential correction for the price to rise steadily rather than fluctuate wildly.
With movements over the past 24 hours showing positive market sentiment, the Crypto Fear & Greed indicator for Bitcoin has moved from fearful to neutral. This is a sign that some of the more skittish investors are feeling reassured by the slight increase in the price of BTC.
Meanwhile, more bullish investors are looking to the new BRC20 token standard for further exposure to Bitcoin’s price movements and the new utility it brings to the Bitcoin ecosystem.
The BRC20 standard opens a new narrative for 2024
The launch of the ERC20 tokens was a pivotal moment in the history of cryptocurrencies, beginning the rise of Ethereum as a possible contender to lead the cryptocurrency market. While Bitcoin has never lost its grip on the market, it has certainly ceded ground to the Ethereum ecosystem with its wide range of applications and the new tokens born from the development of the ERC20 standard.
However, last year saw the arrival of the BRC20 token standard which opened Bitcoin up to a variety of new applications. We have seen Bitcoin’s market dominance grow since the BRC20 token standard was launched last year.
Now that BRC20 is maturing, we are starting to see many investors flocking to the BRC20 space, enjoying exposure to the price of Bitcoin at a low entry point while being able to create fungible tokens from fractions of Bitcoin.
A new BRC20 token, 99Bitcoins Token, has attracted the attention of investors and experts across the market with an exciting pre-sale and upcoming Bitcoin airdrop.
99 Bitcoin tokens cross the million dollar mark
Since its inception in 2013, 99Bitcoins has earned a reputation for providing unbiased, factual information about Bitcoin and other cryptocurrencies, including its popular free Bitcoin Crash Course.
Now, 99Bitcoins aims to attract newcomers with its new Learn-to-Earn $99 BTC Token. The learning platform rewards users with tokens as they interact with educational content, promoting crypto literacy in a transparent and accessible way. The token is launching on the Ethereum network but will transition to the BRC20 token standard after the pre-sale ends.
The pre-sale has already raised over $1 million, and the upcoming $99,999 BTC airdrop has attracted nearly 5,000 signups. It is currently priced at just $0.00103, this price is set to rise in a few days. With such an established reputation and the need for crypto education across the space, this pre-sale is one to keep an eye on.
Visit the 99Bitcoins token presale
Disclaimer: The above article is sponsored content; it is written by a third party. CryptoPotato does not endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and to carry out their own research. Investing in cryptocurrencies carries the risk of capital loss and readers are further advised to consult a professional before making any decisions that may or may not be based on the sponsored content above.
Readers are advised to also read CryptoPotato’s Full disclaimer.
SPECIAL OFFER (Sponsored)
LIMITED OFFER 2024 for CryptoPotato readers on Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!