BRC-20 tokens are on fire, with the sector’s total market cap jumping 12% today.
And now, 99Bitcoins token is close to launching on exchanges, and traders think it could be the next big gainer.
BRC-20 Token Surge Led By Swelling Bitcoin Adoption
All cylinders are firing in the Bitcoin ecosystem.
Bitcoin has crossed $67K, and that kickstarted a new BRC-20 craze.
The market was in turmoil through the middle of this week, but this all changed on Thursday.
Steven Fulop, the mayor of Jersey City, announced the city’s pension fund plans to invest in BTC.
It was yet another boon to Bitcoin’s bullish outlook after months of praise and favorable policies from institutions and government figures in the United States.
Not my normal subject matter in a post but I’ll share anyway – the question on whether Crypto/Bitcoin is here to stay is largely over + crypto/Bitcoin won. The #JerseyCity pension fund is in process of updating paperwork to the SEC to allocate % of the fund to Bitcoin ETFs… https://t.co/5iNEqRqHGM
— Steven Fulop (@StevenFulop) July 25, 2024
The news came on the opening day of the world’s largest Bitcoin conference in Nashville.
Fulop plans to allocate 2% of the city’s pension fund to Bitcoin.
This could prove pivotal as BTC becomes more ingrained within the United States economy.
Following on, renowned Bitcoin proponent Michael Sayler said the United States government “should own the majority of Bitcoin.”
JUST IN: 🇺🇸 Michael Saylor says, “US Govt. should own the majority of #Bitcoin.” 👀
— Bitcoin Magazine (@BitcoinMagazine) July 26, 2024
“BTC is the Manhattan in cyberspace.” 🚀 pic.twitter.com/ALFoF6iSTP
Traders reacted with a huge appetite for BTC, with its price shooting up over 5% in the past 24 hours.
But it was Bitcoin ecosystem projects that showed the most strength.
Let’s start with the leading BRC-20 token, Ordi.
Currently, Ordi is trading at $38, up 11% today.
But others are up even more: SATS has posted a 14% gain, Bitcoin Wizards is up 13%, and Rats (Ordinals) is up 19%.
With Bitcoin adoption growing and market conditions proving favorable, commentator Spencer Yang recommends “closely monitoring the Bitcoin ecosystem.”
If I were you, I'd closely monitor the Bitcoin ecosystem page on CoinMarketCap for the rest of the year.
— Spencer Yang (@spenceryang) July 21, 2024
1. Babylon mainnet (launch of Lombard, @satlayer , Pstake, PumpBTC, FBTC)
2. BRC-20 / ORDI / Runes (ORDI, SATS, DOG, PIZZA)
3. @fractal_bitcoin mainnet
4. BTC tx fees &…
Should Bitcoin’s rally continue, there’s every chance that BRC-20 tokens will outperform the market leader.
Amidst this trend, one of the most promising upcoming projects is 99Bitcoins token.
It is currently undergoing a presale and has raised over $2.5 million. However, after monumental success, the presale is in its penultimate stage and will end in just over one week.
Is 99Bitcoins Token the Next BRC-20 Crypto to Explode?
After raising over $2.5 million in presale funding, 99Bitcoins token is now preparing to launch on exchanges.
The new cryptocurrency will power a Learn-to-Earn platform created by the illustrious 99Bitcoins media outlet.
99Bitcoins launched in 2013 and has millions of users within its ecosystem. It provides high-quality crypto news and educational content.
However, its new Learn-to-Earn layer looks to amp up its educational facade, rewarding users with $99BTC rewards for learning about cryptocurrency.
It adopts a gamified model, with users collecting XP points for completing courses, quizzes, and modules. These XP points will enable them to earn $99BTC.
There’s also a staking mechanism so they can compound their gains.
Moreover, the token has utilities like access to crypto trading signals, BRC-20 tools and education, a VIP community group, and more.
It has fared a hit with analysts.
For instance, ClayBro highlighted that as the crypto bull market gains pace, new investors will join the industry, and the Learn-to-Earn platform could be their first stop.
He also noted presale investors can make big gains by staking.
The current 99Bitcoins token presale price is $0.00115, but this will rise in three days.
Following this, there will be one week until the presale ends, so potential buyers must act quickly.