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Newly launched meme coin project, BTC Bull Token ($BTCBULL) has officially launch presale.
Developed on Ethereum, BTC Bull’s major concept is to champion Bitcoin’s charge to its first-ever $100k mark and deliver significant rewards to all believers.
While initiating a movement dictating Bitcoin’s fate, this new project has also introduced a unique staking mechanism that ensures that its ecosystem remains stable and continues to bring value to early investors.
But how viable is BTC Bull ($BTCBULL) in the longer term? This article takes a cursory look at the fundamentals of the meme coin project to forecast its future price.
What Is BTC Bull Token?
Bitcoin Bull is a meme coin movement that’s designed to battle any elements that may deter Bitcoin from reaching a new height of success.
Describing itself as the unstoppable force pushing Bitcoin towards 100k and beyond, this Ethereum-based meme coin brings all bulls together to speculate the price action of the crypto king through its native token $BTCBULL.
According to the project, those who purchase $BTCBULL will reap the benefits of the massive bull cycle that’s coming for Bitcoin.
At its core, Bitcoin Bull has a tokenomics that’s tailored to drive community engagements and rewards. While 50% of its total supply is dedicated to its ongoing community sale, 10% has been set aside to incentivize $BTCBULL holders through staking.
BTC Bull Price Prediction
Since BTC Bull Token is still available as a presale, it is not possible to gauge its potential with technical indicators. Nonetheless, the project’s meme posture as well as its ability to tie its future trajectory to Bitcoin’s success offers some insights into where its price might be heading once the presale is over.
Launched as an ERC-20 token, the BTC Bull token kicked off its presale a couple of days ago to lure the attention of Bitcoin enthusiasts. In essence, the project represents a cheaper way of speculating and betting big on Bitcoin’s future performance.
After reaching its all-time high of $73,750.06 on March 14, 2024, the crypto community is hoping that 2025 could be the year when Bitcoin will cross the $100k mark. In fact, many big names in the industry, including Metafide CEO Frank Speiser have said it is still possible for Bitcoin to reach the significant milestone before the end of 2024.
Being the crypto king, many projects have, in recent years, capitalized on Bitcoin’s tremendous success to thrive. While some took cues from its tokenomics, others embraced its mining approach to gain traction.
However, BTC Bull is taking an entirely different approach by attaching its internal mechanics to how Bitcoin’s price increases over time. As Bitcoin draws closer to reaching the $100k threshold, BTC Bull will be burning its token supply to boost its price and deliver substantial ROI to early birds.
It has already unveiled five milestones, each of which is tied to how Bitcoin grows. Whenever the Bitcoin price reaches $80k and $90k levels, BTC Bull will incinerate a tangible portion of its total supply. More so, as part of its goals to help bullish investors reap the benefits of Bitcoin’s growth, the project is also planning a $100k worth of BTC airdrop once the crypto king achieves the incredible height.
Meanwhile, beyond being a speculative asset, BTC Bull also offers staking perks to help long-term holders compound their gains. According to its website, staked tokens can be withdrawn even seven days after the first exchange listing.
Above all, considering the fact that BTC Bull is launching at a time when the momentum around Bitcoin is high, we expect more bullish investors to join its presale.
Moreover, if the market conditions are bullish enough, Bitcoin might probably retest its all-time high before the end of October, thereby triggering a surge in the $BTCBull price.
While some downturns are expected, we predict that the $BTCBull price will trade between $0.000641 and $0.000645 in the coming months.