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Google Searches For New Cryptocurrency BTC20 Close To Overtaking Pepe Coin
According to worldwide Google Trends data, internet searches for new cryptocurrency project BTC20 (BTC20) are similar in volume to searches for Pepe (PEPE) coin.
The BTC20 crypto project’s novel concept is to recreate the Bitcoin bull run, starting from a token price of $1, on the Ethereum chain – its name a combination of ‘Bitcoin’ and ‘ERC20’.
BTC20 Presale Hits Soft Cap
Launched on July 17, the BTC20 presale has already hit its soft cap of $3 million, meaning the project will go ahead.
Presale investors can still buy BTC20 via its official website before its listing on crypto exchanges, up to a hard cap of $6.05 million.
Interest in Pepe coin can be seen in red on the chart above, in a slight downtrend over the course of July, whereas search traffic for ‘BTC20’ has risen sharply since beginning its presale ten days ago.
Most Searched Cryptocurrency
According to the CoinMarketCap, in the past 30 days the most searched cryptocurrencies include big caps like Bitcoin, XRP, Shiba Inu, Ethereum, Solana, Terra Classic, and some new meme coins that are searched more often than Pepe itself, which it ranks in 13th place.
Those new meme tokens include Landwolf, Shib2.0 and others – suggesting many Pepe holders are looking for more recently launched, low market cap crypto assets to diversify their portfolio with.
While BTC20 is not yet listed on CoinMarketCap as it isn’t yet tradeable on exchanges, Google Trends data and the speed at which its soft cap was hit indicate a high level of investor interest in the ‘next Bitcoin’ concept.
Find the BTC20 roadmap and whitepaper at btc20.com.
Bitcoin, Crypto Prices Rise Post FOMC
At yesterday’s FOMC press conference Federal Reserve Chair Jerome Powell stated that Fed staff are no longer forecasting a recession.
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The Bitcoin price showed strength post-FOMC, and the global crypto market cap is up over 1% in the past 24 hours, with many altcoins spiking – including Pepe token which pumped over 10% today.
Renewed confidence in the crypto market and search trends for BTC20 close to rivalling that of the most explosive meme coin of 2023 could make it one of the cryptos to watch in the coming weeks.
On July 20th Cointelegraph featured BTC20, stating:
‘BTC20 (BTC20) is another exciting ICO launch that stands out due to its decision to combine the historical roots of Bitcoin with the innovation offered by the Ethereum blockchain. With BTC20’s presale having already raised over $170,000, there’s a clear buzz around the project. One of the main reasons that BTC20 has had such an impressive start to life is its stake-to-earn mechanism, which offers the possibility of passive income generation.’
At the time of writing approximately $3.5 million has now been raised in the BTC20 presale, just over 56% of the hard cap, including $1 million in the past 24 hours as the project begins to increase its marketing efforts.
The BTC20 project has also been tipped for 10x potential by some analysts, based on some large whale buys during the presale of over 80 ETH.
Disclaimer This article is a paid publication and does not have journalistic/ editorial involvement of CoinGape. CoinGape does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. Do your market research before taking any actions . The author or the publication does not hold any responsibility for your personal financial loss.
