Prosperous Ethereum Trader Now Top Buyer in Presale of BNB-Chains Bitcoin-Alternative
A prosperous Ethereum (ETH) coin trader is now the top buyer in the presale of BNB-Chains new Bitcoin-alternative. The Bitnance token pre-sale activity has increased over 1000% since last week and is still trending upward. With nearly 70000 tokens pre-sold today, the $ETH whale probably wont hold the top spot for long, but their purchase draws attention.
The Ethereum trader was tracked via one of the presale transaction addresses of the Bitnance presale.
How much $BTN did the ETH Whale buy?
The total of the transaction in terms of fiat value was $1104 [USD]. In ETH coins this was $1104.
With Bitnance (BTN) currently in presale at a rate of $0.357 [cents] per token, the Ether whale purchased ownership rights of a bit over 30,924 tokens.
According to the whitepaper, the new Bitcoin-alternative for BNB-Chain will end its initial coin offering on December 1st. Within the week following, it will list on a crypto exchange(s) at a price of $0.465 [cents].
Short-Term profit predictions
The difference between todays rate and its exchange listings day price is around a 30.25% profit yield.
Early, short-term projections for the coin have been made, predicting it will rise in value up to $4 on its initial listing before correction. If it were to reach this maximum, the ROI yield made today would be +1020.45%.
If materialized, that short-term projection would turn US$1000 from today into $10,204 [USD].
Long-Term profit predictions
Long-term predictions, which are much more difficult to peg correctly, have also been very positive on the new Bitcoin-alternative for BNB-Chain. Various sources have reported on a story predicting that the $BTN could rise to a price of $46 if it meets various conditions.
This long-term projection is based on the idea of the token maintaining presence through the end of 2025.
If realized, US$1000 into the Bitnance token presale today could render a profit yield of a few cents over $127,851.
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