Is 99BTC the best Bitcoin-inspired coin of 2024? How will linking the currency to the Bitcoin blockchain according to the BRC-20 standard contribute to increasing its value?
The year 2024 is considered very important for Bitcoin, which is currently experiencing favorable conditions, as spot Bitcoin ETFs were approved in the United States, followed by the recent approval of an investment product similar to BTC in Hong Kong. .
Meanwhile, the rewards for issuing transaction blocks on the Bitcoin blockchain were cut in half after the last halving event occurred on April 20, and although its goal appears to be to reduce the supply of Bitcoin amid the recent increase in demand for it, it provides a strong incentive. - Despite its simplicity - to win the bull market
The potential rise in the price of Bitcoin comes amid investors flocking to currencies bearing names copied from its name, whose value is likely to rise due to the rise in the price of BTC, but its low market value - compared to Bitcoin - provides it with higher growth prospects.
The connection of the name of the 99BTC currency to the Bitcoin currency also provides a great growth opportunity during the bull market for the BTC currency due to its nominal connection to it. However, this potential growth is enhanced by plans aimed at linking the 99BTC currency to the Bitcoin blockchain according to the BRC-20 standard during the third quarter of the current year.
