Pegasus Token soars 1,000% in 24 hours, while Crypto Whales gather another coin before its exchange listing – What’s their secret?

Pegasus Token soars 1,000% in 24 hours, while Crypto Whales gather another coin before its exchange listing - What's their secret?

The Blockchain Industry: Exploring PEGASUS and BTC20 Tokens

The cryptocurrency market has shown resilience against bearish trends and continues to exhibit bullish signals. The industry has reached a staggering value of $1.18 trillion, with several altcoins experiencing notable increases. One token that has attracted considerable attention is PEGASUS, which has witnessed an astonishing surge of 1,000% in profits. This meteoric rise has led investors to speculate whether PEGASUS could be the next big thing in the blockchain industry.

PEGASUS is an ERC-20 token that has quickly gained fame in the crypto world. The token’s description reveals its unique proposition as an automatic sniper bot on the blockchain. It provides investors with real-time access to newly launched projects while protecting them from rug pulls. This cutting-edge feature sets PEGASUS apart, offering investors an advantage in capitalizing on early opportunities and maximizing profits. Additionally, the platform promises to provide exotic features to aid investors in capturing promising new projects, although specific details are yet to be revealed.

At present, PEGASUS is trading at $0.56, indicating an uptrend of 158.46% in the last 24 hours. Although it may have consolidated its gains after a 1,000% profit surge in a single day, the token continues to demonstrate strong bullish signals. PEGASUS has been listed on DEXTools, boasting 100% community trust through seven votes, which lends authenticity to the project. The token’s smart contract has also been verified, indicating its credibility and mitigating the risk of being categorized as a honeypot scam. With a buy and sell tax of 5%, PEGASUS stands as one of the most expensive new tokens in the market. Additionally, the presence of two token pair holders suggests a concentrated distribution of ownership.

While PEGASUS captures the attention of the crypto community, another token called BTC20 is also making waves. BTC20 aims to recreate the allure of the early days of Bitcoin and offers an opportunity for investors who missed out on its initial rise. This ERC-20 token operates on the Ethereum proof-of-stake (PoS) blockchain while drawing inspiration from Bitcoin’s early beginnings. It can be seen as Bitcoin on Ethereum.

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In 2011, Bitcoin traded at a mere $1 per token, now considered a bargain with hindsight. It had a circulating supply of only 6.05 million coins two years after its launch by the mysterious Satoshi Nakamoto. BTC20 rekindles this nostalgia by selling each coin at $1 during its presale stage. The project plans to release the same 6.05 million token supply from 2011 to its early backers.

BTC20 differentiates itself by integrating the utility of the Bitcoin network with the robustness of the Ethereum blockchain. With a hard cap limit of 21 million tokens, mirroring Bitcoin’s total supply, BTC20 is deflationary from the outset. Token holders can stake their assets and earn passive income, providing an opportunity for Bitcoin hodlers and those seeking to tap into the potential of the leading cryptocurrency. As an ERC-20 token, BTC20 will also become interoperable with numerous decentralized finance (DeFi) applications on the Ethereum network, enabling lending, borrowing, and staking capabilities.

The BTC20 network closely follows the original Bitcoin network’s protocol, releasing new tokens alongside the validation of Bitcoin transactions. This unique mechanism ensures that a predetermined amount of BTC20 tokens is released to stakers according to the token release schedule. As a result, the last BTC20 token will be minted approximately 120 years from now, offering investors block rewards without the laborious proof-of-work (PoW) route required by traditional cryptocurrencies.

The project has gained significant traction during its presale stage, raising over $5.8 million from early-bird investors with contributions still pouring in. BTC20 can be acquired through its platform’s website using ETH, USDT, or credit/debit cards.

It is crucial to note that investing in cryptocurrencies carries a high level of risk. The information provided in this article is for informational purposes only and should not be considered investment advice. Investors should conduct thorough research and exercise caution when engaging in cryptocurrency investments.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.