Dogecoin (DOGE) is currently priced at $0.1009, down -10% for the week and nearly -20% for the month. Some holders have started migrating funds into the Bitnance token presale, a top 5 cryptocurrency on the BNB chain. Smaller investors have been transferring funds, indicated by transactions of $50 to $100 per purchase. This shift may be due to the profit potential of the Bitnance token.
The Bitnance token, represented by the $BTN token, is a digital store of value asset for the BNB chain and an on-chain alternative to Bitcoin. Only 10 million tokens will ever be minted, half the supply of Bitcoin. This token solution aims to address the centralization of power in the store-of-value niche, identified by Edward Snowden. The BNB chain, used by over 160 million people globally, could see a significant increase in demand for the Bitnance token.
The listing day price of the Bitnance token is predicted to be $0.45 cents, which would yield a +30% profit on today’s presale price by December 5th. The token is currently priced at a little over $0.35 cents per token in the initial coin offering, with incremental price increases every 72 hours until the presale closes on December 1st. The subreddit r/BitnanceTokens has seen a growing number of users joining daily, indicating a rise in the popularity of the crypto brand.
Dogecoin holders appear to be selling their holdings and migrating funds to the Bitnance token presale to try to recoup their losses. An investment in the Bitnance token today could potentially yield a +10% profit once the store-of-value token is listed on exchanges in December. With Elon Musk recently winning a case against investors accusing him of manipulating the market for personal gains, the future of Dogecoin remains uncertain. However, if Tesla or one of Musk’s companies were to resume working with Dogecoin, the price could potentially see an upward trend.
