The reason behind the rise in Bitcoin is a matter of curiosity while the alternative coin Green Bitcoin reached 10 million dollars.
The leading cryptocurrency Bitcoin and other cryptocurrencies started the week quite fast. The cryptocurrency market, which was shaken by extensive corrections last week, recovered on Monday and started to rise.
According to CoinMarketCap data, Bitcoin (BTC) experienced an increase of around 7% in the last 24 hours. At the time of writing this article, Bitcoin, trading at around $69,850, led to increases in other cryptocurrencies as well.
After the correction, Bitcoin had dropped significantly last week and fell to the $60,000 range. Less than two weeks ago, BTC had surpassed $73,000, breaking the all-time high level record.
Expert crypto analyst Alex Kuptsikevich said, “The correction from the peak eliminated overbought conditions on a daily time frame, made room for growth, and mitigated the psychological impact on potential buyers. As most investors invest more comfortably in a digital asset after a decline.”
Another reason for the increase in Bitcoin price is the growing interest in spot Bitcoin ETFs approved in January. After the Bitcoin Halving in April, an increase in prices is expected.
The recovery of Bitcoin’s price excites crypto investors. Investors who do not have a sufficient budget to invest in Bitcoin turn to alternative Bitcoin projects.
Green Bitcoin, which is considered an alternative to BTC and draws attention with its environmentally friendly emphasis, attracts attention with the millions of dollars raised in the pre-sale.
Environmentally Friendly BTC Alternative Green Bitcoin Reached 10 Million Dollars
Investors who could not find the opportunity to invest in BTC but think that even the name of Bitcoin will play a significant role in the rise of a coin, turn to the environmentally friendly BTC alternative Green Bitcoin.
The interest shown in the pre-sale event, which meets investors who want to buy Green Bitcoin tokens at discounted prices, indicates that the project is on the right track. According to the information on the project’s page, the funds collected in the pre-sale were around $9 million while the GBTC reached $10 million.
Standing out with its gamified staking mechanism, the project awaits crypto enthusiasts who want to invest before exchange listings.
GBTC Uses 10,000 Times Less Energy than Bitcoin
The Green Bitcoin team does not add the “Green” attribute to their project only to take advantage of the BTC name or to gain sympathy. Built on the reliable and transparent Ethereum blockchain, GBTC uses 10,000 times less energy than traditional Bitcoin.
Based on the Ethereum blockchain almost reducing energy consumption to zero, GBTC draws the interest of environmentally conscious crypto investors. Investors who are concerned not only about financial gain but also about the future of the planet prefer to buy Green Bitcoin tokens.
The project’s center includes a gamified staking mechanism. Thanks to this mechanism, participants predict the price of Bitcoin by staking GBTC tokens. Investors who are successful in predicting the price for the next day, i.e., those that fall into the green range, are rewarded with GBTC.
The GBTC staking mechanism attracts considerable interest. The number of staked tokens has already exceeded 7.5 million. While the project’s current APY sits around 76%, the reward per ETH block takes place at a rate of 1.5 GBTC. The Green Bitcoin team aims to bring staking pool rewards together with the participants for 3 months.
What You Need to Know to Buy Green Bitcoin
Investors who want to buy Green Bitcoin tokens, which combine Bitcoin’s legacy with the environmentally friendly Ethereum blockchain, gain a last chance before exchange listings with the organized bonus stage.
Half of the GBTC token supply is allocated to the pre-sale event. Of the token supply, 20% goes to staking rewards, 12.5% to marketing, 7.5% to liquidity, and 10% to community rewards.
While the pre-sale continues, investors have the opportunity to generate passive income by staking the GBTC tokens they purchased. After the exchange listings, GBTC owners have the chance to earn more rewards by predicting the price of Bitcoin.
In the phased pre-sale event, the token price increases at each stage. In response to intense demand, the project team organizes a last bonus stage before exchange listings. In this stage, the Green Bitcoin token is priced at $1.1062.
According to the countdown on the project’s page, there is less than 3 days left for the completion of the bonus stage. Green Bitcoin, which claims to be an environmentally friendly alternative to Bitcoin with a green approach, provides an opportunity to buy BTC cheaply and generate passive income through staking.
By participating in the pre-sale event, crypto enthusiasts can buy GBTC tokens at discounted prices before CEX and DEX listings.
Crypto enthusiasts can participate in the GBTC pre-sale via ETH, USDT, or BNB. Users who do not have these crypto coins can easily buy GBTC with card transactions.
Disclaimer:
Koin Bulletin is not responsible for any damages or losses related to any product or service mentioned above. Koin Bulletin recommends that readers conduct their own research regarding the company mentioned and the products or services offered in this sponsored article.
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