With the crypto market in constant flux, new tokens often vie for dominance in terms of public interest.
Recently, BTC20 ($BTC20), an innovative stake-to-earn token, has surged in popularity – rivaling established cryptos like Pepe coin and Bitcoin on Google Trends.
This surge in interest has led many to wonder whether BTC20 could be the next crypto to explode once it makes its open market debut in the coming weeks.
$BTC20 Poised to Outshine Pepe & Bitcoin on Google Trends
It goes without saying that Pepe ($PEPE) and Bitcoin ($BTC) have left their mark on the crypto landscape and produced enormous returns for early adopters.
Both cryptos have become synonymous with investor hype and unprecedented growth, meaning they are constantly discussed on social media platforms like Twitter and Reddit.
$PEPE, the meme-inspired token that kickstarted the meme coin frenzy in April, has been a runaway success story – producing returns of over 10,000% for those who invested when it made its Uniswap debut.
On the other hand, Bitcoin, the cryptocurrency OG, continues to dominate the market with its worldwide adoption and high level of decentralization.
Naturally, these two coins’ high-profile nature means they are often top performers on Google Trends, which is a proxy for the public interest in these crypto assets.
However, a new contender is starting to make its mark – BTC20 ($BTC20).
Recently, a noticeable uptick in searches for BTC20 has been shown on Google Trends, indicating the coin’s rising popularity.
As highlighted in the chart above, the interest in BTC20 has grown exponentially in the past 30 days – and it doesn’t look like slowing down anytime soon.
Moreover, compared to searches for $PEPE, it’s apparent that $BTC20 is rapidly closing the gap.
This hints that should the trend continue, BTC20 could be capable of matching (or even surpassing) the popularity of Pepe coin.
Similarly, the meteoric rise in search trends for BTC20 is drawing comparisons with the original Bitcoin.
Despite Bitcoin’s long-established dominance, it’s clear that BTC20’s popularity is beginning to skyrocket – signaling a potential shift in the crypto landscape.
BTC20 Poised for Open Market Success After $3.4m Presale Raise
The surge in interest isn’t accidental, and can be attributed to several innovative features and unique marketing strategies.
At its core, BTC20 aims to pay homage to Bitcoin’s early days, with the project’s presale offering $BTC20 tokens for the symbolic price of $1 – the same price that Bitcoin was back in 2011.
Moreover, 6.05 million $BTC20 tokens will be offered during this presale; again, this mirrors Bitcoin’s circulating supply in 2011.
This unique approach has attracted a lot of attention in the crypto community, leading to the rapid growth of BTC20’s Telegram channel over the past two weeks.
Adding to the hype is BTC20’s novel stake-to-earn mechanism, which leverages a Proof-of-Stake (PoS) consensus protocol to provide a passive income stream for token holders.
Per BTC20’s whitepaper, this passive income is proportional – so the more $BTC20 tokens that are staked, the higher the rewards.
Lastly, the fact that BTC20 uses the ERC-20 standard has been seen as a considerable advantage since it means the token is backed by enormous developer support and interoperability opportunities.
Although there’s no solid movement on this front, many early community members already speculate that $BTC20 could be integrated into decentralized applications (dApps) in exciting areas like NFTs and DeFi.
All of this has played into the instant success of BTC20’s presale phase, which has now raised over $3.4 million in just two weeks.
As it stands, BTC20 looks like it has all the elements required for a successful open market debut once the presale concludes – hinting that it could be poised to make a lasting impact in the crypto space.