The price of Bitcoin (BTC) recently exploded above $70,000, pushing investors to seek the best and most lucrative ways of enjoying the benefits of the bull cycle. This is where Green Bitcoin ($GBTC) comes in after it raised over $3.2 million in its presale.
Currently, a lot of new money and smart money is moving around the cryptocurrency market, seeking a lucrative investment, with Bitcoin, as of March 13, 2024, looking to break above the $74,000 level.
With all this money flowing in, the Green Bitcoin token ($GBTC) appears perfectly positioned to attract some of those funds. Experts believe it is a great investment since it has a receptive audience who are seeking profits from an eco-friendly project.
Green Bitcoin (GBTC): The rising star of the crypto bull run
You may have encountered Dogwifhat, BONK, MYRO, PEPE, and all the others. But, rest assured that Green Bitcoin ($GBTC) will dominate the current bull cycle with its stellar performance.
Investors who purchased Bitcoin at its previous peak of around $69,000 on November 1, 2021, have been seizing chances to step out of the market, securing modest profits. This decision comes after enduring significant drawdowns of up to 75% during the peak of the so-called crypto winter.
Currently, retail money is not the only source that is powering the crypto bull run. As is well known, institutional investors have joined the market, as seen by the investments made by major asset managers like Fidelity and BlackRock, which were approved by spot Bitcoin ETFs in January 2024.
Valued at $0.8022, GBTC is rushing towards a record sellout before its scheduled time. On that note, potential investors have to act fast before the Green Bitcoin moves to the next stage of the presale and its price increases.
Thus, GBTC offers investors a chance to acquire lucrative crypto cheaply and with the potential of enjoying high ROI, just like Bitcoin did 15 years ago.
With all the potential, it is not a wonder that even social media influencers and YouTubers like Matthew Perry have endorsed Green Bitcoin with its exclusive ‘predict-to-earn’ campaign.
Unlike the original Bitcoin, GBTC offers holders opportunities to make passive income through staking. In an early promising sign, nearly 60% of the sold GBTC has already been staked for an impressive per-annum reward of 140%.
50% of the token supply is available in the open-to-all presale. Interestingly, the viral growth of the presale can be attributed to the sign-up bonuses of up to 20%.
Green Bitcoin offers an eco-friendly solution to Bitcoin’s energy concerns
Although it can be said that the fears about Bitcoin gulping the global electricity output are exaggerated, the excessive power consumption of the mining process is still a major issue of concern.
Nonetheless, Green Bitcoin runs on the low-power Ethereum blockchain, which now employs a proof-of-stake mechanism to validate block transactions.
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While Green Bitcoin consumes just 34 Wh (Watt-hour) per transaction, the established Bitcoin forks and Bitcoin itself consume lots of power for a similar process. Bitcoin consumes 1,173,000 Wh, Bitcoin Cash (BCH) 189.75 Wh, and Bitcoin SV (BSV) 913 Wh.
With Bitcoin’s halving coming up in April, the block rewards for miners will drop from 6.25 to 3.125 Bitcoin for every block. Miners compete with each other to find the winner who is chosen and have their ‘proof of work’ accepted by the consensus protocol. Green Bitcoin is synchronized to coincide with the April 19, 2024 halving event.
$3 MILLION RAISED!
A massive milestone for the Green Bitcoin community. Green Bitcoin is still in presale–Get yours now! pic.twitter.com/46Jj7r0PDU
— GreenBitcoin (@GreenBTCtoken) March 10, 2024
In previous halving events, there was a run-up in price around the event. However, this time around, Bitcoin hit an all-time high before halving. This occurrence has pushed analysts to forecast that Bitcoin will explode to highs of $250,000 by the end of 2024.
Choosing Green Bitcoin over mining: A safer and more lucrative investment option
Currently, since Bitcoin might already be expensive for retail traders, the most practical way of joining Bitcoin’s bull market is by buying the shares of publicly traded mining companies. Although the rewards will halve, Bitcoin’s price increase will compensate for that.
However, mining has more risks than investing in Green Bitcoin. Miners have a lot of debt hangover from the last bull market and have to spend money to acquire mining equipment. All that spending does not guarantee revenue since miners must compete with each other for the available rewards.
Given this context, Green Bitcoin emerges as a more secure alternative. Moreover, it promises to deliver significantly higher returns on investment, as participants in the presale of new tokens can engage right at the outset of a project’s development cycle.
GBTC: Fusing Bitcoin’s legacy with Ethereum’s eco-conscious innovations
Green Bitcoin (GBTC) is a groundbreaking project that expertly integrates the legacy of Bitcoin with Ethereum’s eco-conscious network functionalities. Unlike the power-intensive Bitcoin-themed assets like Bitcoin SV and Bitcoin Cash, Green Bitcoin goes for a cleaner and eco-friendly Proof-of-Stake (PoS) consensus mechanism.
Green Bitcoin’s strategic choice to utilize the Ethereum blockchain underscores its dedication to environmental sustainability. Unlike the resource-intensive mining process linked with conventional Bitcoin, Green Bitcoin opts for Ethereum’s eco-conscious proof-of-stake (PoS) consensus mechanism.
By doing that, Green Bitcoin considerably minimizes its carbon footprint and environmental impact, enabling it to align with global efforts to reduce the environmental consequences of blockchain technology. The eco-conscious strategy reflects Green Bitcoin’s commitment to responsible stewardship and sets a precedent for sustainable practices within the crypto space.
Additionally, Green Bitcoin’s distinct integration of Bitcoin’s legacy with Ethereum’s user-friendly blockchain guarantees a smooth and accessible experience for the users. Leveraging Ethereum’s advanced smart contract capabilities and scalable infrastructure, Green Bitcoin offers users a secure, efficient, and user-centric platform for transacting and staking digital assets.
The blending of legacy and innovation boosts the project’s technological robustness and positions it as a leader in the quickly evolving crypto space.
Green Bitcoin’s lucrative staking rewards and tokenomics approach
Green Bitcoin is attracting more investors with its appealing staking rewards program, which offers a remarkable Annual Percentage Yield (APY) exceeding 250%. The system encourages users to stake their tokens across different timeframes, ranging from daily to six-month intervals. Every duration has bonuses, helping promote long-term commitment and guaranteeing network stability. This feature makes GBTC a lucrative investment opportunity in the crypto space.
Green Bitcoin’s tokenomics approach boosts its attractiveness by enhancing its rewarding staking mechanism. With a constant total token supply of 21 million, considerate allocation is made for different purposes.
40% of the tokens are reserved for the presale, laying strong fundamentals in the crypto space. Furthermore, 27.5% is set for staking rewards, appealing to long-term holders and increasing confidence in the project’s sustainability.
Green Bitcoin’s dedication to community involvement is clear, with 5% of the tokens reserved for community rewards. Additionally, 17.5% is allocated to marketing efforts to boost global visibility, guaranteeing increased interest and value growth. At last, 10% is set aside to facilitate listings on decentralized and centralized exchanges, guaranteeing ample liquidity and massive market presence.
The rapid growth of Green Bitcoin in the crypto sector is undeniable. Valued at $0.8022, GBTC is rushing towards a record sellout before its scheduled time. On that note, potential investors have to act fast before the Green Bitcoin moves to the next stage of the presale and its price increases.
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Conclusion
The recent surge in Bitcoin’s price, surpassing $70,000, has pushed investors to explore avenues for capitalizing on the ongoing bull cycle. One such promising opportunity is presented by Green Bitcoin (GBTC), which has raised over $3.2 million in its presale phase.
With the crypto market witnessing an influx of both retail and institutional investors, Green Bitcoin emerges as an attractive investment option, particularly due to its eco-friendly approach and potential for significant returns.
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
