A top memecoin of 2024, the DogWifHat token is up nearly 1.9% on the day. The growth comes during a bearish slump in the market and could reverse in trend before the day’s end.
Over the last week, the $WIF token has seen a loss of -15% of its value. Crypto traders who invested over 1 month ago are also underwater, but seeing only a -5.8% loss; slightly better than last week’s buyers.
The DogWifHat token is currently priced at $2.83 which is -$1.66 less than its all-time high of $4.49. The ATH was hit just over 2 months ago, on March 30th.
The ‘green’ signs of today are great with the $WIF token closing in on a 2% gain over the last 24 hours. Perhaps it could be headed for a breakout but most analysts still see the token in a reversal, possibly headed towards $2.50 in value.
Binance crypto exchange’s native coin, however, has been in a reverse trend. Just last week the BNB coin reached a new all-time high of $720.
The new store-of-value token for the Binance chain is one of the proposed reasons for its growth. The BEP-20 network is set to have its own version of Bitcoin, a store-of-value coin, launched in less than 6 months. And the token presale for this token, Bitnace (BTN), is finally live [official site].
The SOV cryptocurrency has a total supply that’s half that of Bitcoin, with a finite sum of 10.5 million $BTN to be minted.
Of that TTS, just 5.6 million tokens will be offered during this initial coin offering to early investors. During the ICO stage, Bitnance is being sold for $0.357 each.
The solid steel ‘hook’ for investors on this cryptocurrency is that it will allow crypto traders on the Binance chain to have a store-of-value cryptocurrency without the excessively high transaction fees of Bitcoin blockchain; As the average transaction for BTC is $32 [dollars] versus Bitnance’s fees projected to be $0.14 [cents].
A crypto whale leapt into the Bitnance (BTN) presale just a few days ago, buying nearly $12,000 (USD) worth of tokens. With less than one week live, there are now nearly 50,000 tokens held by various presale buyers.
Leading cryptocurrency media outlet, Cryptopolitan, also just released a news report suggesting the token could top $2 in price as soon as the ICO closes. Such a growth would give today’s investors a massive ROI of +460%.
For this reason, some Pepe Token and Bonk Inu memecoin holders have already begun migrating over to the presale to sponge any such potential gains. As the DogWifHat audience begins to fight a bearish slump, perhaps the $WIF tokens will begin being swapped over to the new BEP-20 as well.
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