BRC-20 Tokens Pumping After Bitcoin Crosses $67K – Could 99Bitcoins Token Explode Next as IEO Approaches?

Bitcoin’s (BTC) latest surge above $67,000 has set off a chain reaction in the crypto market.

Pretty much all BRC-20 tokens have rallied in the past 24 hours, capitalizing on the bullish momentum.

Meanwhile, some investors are keeping an eye on 99Bitcoins Token (99BTC) – believing it could be the next to rally after its presale phase ends.

BRC-20 Tokens Surge as Bitcoin Rally Fuels Demand

For those unaware, BRC-20 is an experimental token standard on the Bitcoin blockchain.

BRC-20 tokens are like Bitcoin’s cousin – using the Ordinals protocol to piggyback on the OG crypto’s blockchain.

Unlike their Ethereum counterparts, BRC-20 tokens don’t rely on smart contracts.

Instead, they use a clever trick of embedding JSON data into the smallest bits of Bitcoin, called satoshis.

In the past 24 hours, these tokens have been on a tear.

The total market cap for BRC-20 tokens has surged past $1.6 billion, and trading volumes have hit $589 million.

Leading the pack are ORDI and SATS, both up by double digits.

ORDI is up 10%, while SATS outpaced it with a 12% gain.

But the real star has been Bitcoin Wizards, rallying over 17% since yesterday.

It wasn’t all green, though – BeFi Labs took a small hit, proving that in a bull run, not every token gets to benefit.

Bitcoin Breaks $67K, Boosting Investor Bullishness

The resurgence of BRC-20 tokens isn’t a random event.

It’s because of Bitcoin’s latest rally.

The OG crypto just pushed past $67,000, shaking off most of the losses sustained earlier in the week.

In fact, BTC is now nearly back to Monday’s local high – and is up 25% in the past three weeks.

At this rate, Bitcoin could be on track to return to its all-time high, which is now just 9% away.

And the timing couldn’t be better.

The Bitcoin 2024 conference has just kicked off in Nashville.

It’s like a who’s who of crypto enthusiasts and celebrities, from Donald Trump to Michael Saylor, all gathering to talk about Bitcoin.

Speaking of Saylor, he’s calling 2024 “year one of mainstream Bitcoin adoption.”

With MicroStrategy sitting on over 200,000 Bitcoins, he might be onto something.

All of this is building hype around BTC, which is why the coin’s price has risen in the past few days.

So, although there’s been no direct news about BRC-20 tokens, they’re capitalizing on Bitcoin’s bullishness.

Rising Star 99Bitcoins Token Passes $2.5M in Presale as Developers Prepare for DEX Listing

Thanks to all this BRC-20 buzz, some investors are keeping an eye on newcomers like 99Bitcoins Token.

This token, tied to the long-standing 99Bitcoins educational platform, is in the home stretch of its presale.

There’s just one stage left before it wraps up on August 6th – with the big DEX launch set for August 8th.

What’s really interesting about 99Bitcoins Token is the team’s plan to eventually transition to the BRC-20 standard.

This move could allow 99BTC to benefit from the same factors lifting other BRC-20 tokens right now.

And by tapping into Bitcoin’s ecosystem, 99Bitcoins Token will also benefit from the blockchain’s rock-solid security.

Investors are excited about this prospect.

With the presale having raised $2.5 million, there’s enormous interest.

Adding to the interest is that presale investors can instantly stake their 99BTC tokens and generate annual yields of 681%.

That’s far higher than the majority of staking protocols out there.

Unsurprisingly, this combination of crypto education, BRC-20 ambitions, and staking rewards has exploded 99Bitcoins Token’s socials.

The project’s Twitter account has over 21,700 followers, while the official Telegram channel boasts almost 4,800 members.

All in all, 99Bitcoins Token looks to be in the right place at the right time.

If BRC-20 tokens continue to rally in the latter half of the year, 99BTC could be in a position to capitalize.

Visit 99Bitcoins Token Presale

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