BTC Bull Token Reaches $3.1M in ICO with Less Than 24 Hours Left in Funding Period, Bitcoin Approaches $100K

The bulls are back in action as the BTC Bull Token ($BTCBULL) ICO has successfully raised a total of $3.14 million in funding as of Monday.

With Bitcoin witnessing a surge of positive developments – including the reaffirmation of U.S. crypto reserves and the conclusion of a week-long period of outflows in Bitcoin-based ETFs – the path to $100,000 is becoming increasingly evident.

This favorable trading activity has generated excitement among early investors in the BTC Bull Token, as it brings the project closer to its initial price milestone necessary to activate its utility.

Consequently, a buying frenzy occurred over the weekend during its presale.

Currently, BTC Bull Token is valued at $0.00239 per token, with less than 24 hours remaining before a scheduled price increase marks the commencement of the next funding phase.

Deribit call options are once again targeting $100,000

February’s sluggish market has concluded, and March is already shaping up to be a month of heightened trading activity.

Bitcoin initiated the rally on March 1, rising from a low of $78,000 back above $80,000.

By Sunday, it had climbed to $94,000, representing a 17% increase over three days and settling at $91,872 at the time of writing.

A number of significant developments contributed to this bullish momentum. The first was the end of a prolonged outflow streak in Bitcoin spot ETFs on February 28, which saw a sharp reversal with $93.4 million in inflows, according to data from Farside Traders.

Bitcoin ETF Flow (US$m) – Farside Traders

On Sunday, U.S. President Donald Trump reaffirmed his campaign promise to establish a national crypto reserve. Notably, he expressed support for American-made cryptocurrencies such as Ripple ($XRP), Solana ($SOL), and Cardano ($ADA).

Although Bitcoin and Ethereum ($ETH) were initially excluded from the announcement, Trump later clarified that the reserve would encompass the top two cryptocurrencies.

The rapid bullish turnaround – now referred to by analysts as the “Trump put” – has rekindled investor enthusiasm, particularly for Deribit-listed call options targeting Bitcoin at $100,000, according to Amberdata.

If Bitcoin achieves this milestone, speculation about surpassing its all-time high of $109,000 will intensify.

The renewed bullish sentiment has also led to a surge in BTC Bull Token purchases – the sole meme coin designed to track Bitcoin’s price movements – contributing to the weekend’s buying frenzy and providing a potential hedge against the leading cryptocurrency’s volatile price fluctuations.

BTC Bull Token is the only meme coin designed to track Bitcoin’s price trajectory

After raising $2.9 million on the final day of February, the BTC Bull Token has attracted nearly $250,000 in new purchases, elevating its daily run rate to approximately $149,000.

With momentum building on Monday, it is on track to exceed $3.2 million in total funding within a few hours.

Investors are gravitating towards this meme coin despite Bitcoin being in the spotlight because BTC Bull Token is structured to reward holders with actual $BTC each time Bitcoin reaches significant price milestones.

Its initial target for Bitcoin airdrops is $150,000, with subsequent targets increasing in $50,000 increments – meaning the next milestones will be $200,000, $250,000, and so forth.

While these figures may seem distant at present, historical data suggests they are within reach.

Over the past four years, Bitcoin has recorded monthly gains as high as 46.95% and has maintained multi-month winning streaks, such as from September 2023 to March 2024, when it averaged 16.34% growth per month.

Bitcoin Returns History, Historical BTC Performance | CoinGlass

Bitcoin more than doubled in value during that period, rising from approximately $25,934 to $62,000.

If Bitcoin continues at a similar pace over the next seven months – a plausible scenario given that post-halving years tend to be more bullish – it could reach $265,000.

This aligns with the projections of analysts like Fundstrat founder Tom Lee and Global Head of Digital Asset Research Geoff Kendrick, both of whom believe Bitcoin could hit $200,000 by 2025.

Bitcoin’s upside if holds at $91,000 based on everyone’s prediction:
· Michael Saylor: +3,197% to 53,746%
· Cathie Wood: +614% to 1,548%
· Robert Kiyosaki: +285%
· Arthur Hayes: +175%
· K33: +134%
· Bitwise: +120%
· Standard Chartered (Geoff Kendrick): +120%
· Fundstrat (Tom… https://t.co/gjYMTzJ1jn pic.twitter.com/CPIcIZARDs

— Trader T (@thepfund) January 13, 2025

BTC Bull Token implements a supply adjustment mechanism similar to Bitcoin

Indeed, no other meme coin offers a utility quite like BTC Bull Token, where holders can passively earn actual bitcoins based on their $BTCBULL holdings – effectively simulating mining rewards without the need for expensive mining equipment.

However, BTC Bull Token is not solely focused on rewarding Bitcoin to holders; it also incorporates a mechanism to ensure the meme coin appreciates alongside Bitcoin’s value.

This is accomplished through a token-burning process that reduces the total supply of $BTCBULL in circulation, making the remaining tokens scarcer and potentially more valuable. This also occurs in increments of $50,000, starting from the price target of $125,000.

Unlike Bitcoin, which merely slows its supply circulation rather than decreasing its total supply, BTC Bull Token’s burn mechanism actively reduces the number of tokens available, helping to support price appreciation.

Furthermore, since the token’s core utility incentivizes holding rather than frequent trading, its design naturally promotes long-term value growth.

This robust utility and scarcity model has led to significant price projections in both media and crypto influencer circles.

Among them, Danjo Capital Master, with 872,000 followers, recently reviewed $BTCBULL, stating he believes it has the potential to skyrocket 1,000x.

Join Bitcoin’s journey to $1 million by holding $BTCBULL

The BTC Bull Token is designed to follow Bitcoin’s path to its ultimate price target of $1 million, providing early buyers with a significant opportunity to position themselves.

At the same time, the token remains available for presale.

Once $BTCBULL begins trading on exchanges, its price may rise, potentially making it more expensive to acquire – thereby reducing the amount of Bitcoin earned with each airdrop.

To secure your share early, visit the BTC Bull Token website and purchase $BTCBULL using ETH, USDT, or a bank card.

For the smoothest experience, Best Wallet is the recommended option. It seamlessly integrates $BTCBULL’s Bitcoin-earning mechanism.

Simply store your tokens in Best Wallet, and you’ll automatically become eligible to receive Bitcoin airdrops directly to your BTC wallet address within the app.

Best Wallet is available for download on Google Play or the Apple App Store.

Stay connected with the rapidly growing BTC Bull Token community on X and Telegram for the latest updates.

The post Bitcoin at $100K in Sight as BTC Bull Token Smashes $3.1M in ICO – Less Than 24 Hours Remaining in Funding Stage appeared first on Cryptonews.