The crypto market is defying bearish trends and showing positive signals as it continues to grow. The market has reached a value of $1.18 trillion, with several altcoins experiencing significant increases. One standout performer is the PEGASUS token, which has seen a remarkable 1,000% surge in profits in the past 24 hours. This surge has caught the attention of investors who are now wondering if PEGASUS could be the next big thing.
Another token called BTC20 is also making waves in the crypto market. This ERC-20 token aims to draw inspiration from the early days of Bitcoin while incorporating the functionalities of a smart contract network. BTC20 is currently in its presale stage, with each coin selling for $1. The project plans to release the same 6.05 million token supply from 2011 to its early backers. BTC20 also introduces staking and allows token holders to earn passive income. It is interoperable with various decentralized finance applications on the Ethereum network.
In terms of PEGASUS, the token is trading at $0.56 and has seen a 158.46% uptrend in the last 24 hours. It previously locked in a 1,000% profit, reaching a record high of $0.7048. PEGASUS has gained the trust of the community and has a verified smart contract. However, it comes with a 5% buy-and-sell tax, making it one of the most expensive new tokens in the market. Additionally, there are concerns about a limited number of wallets holding a significant share of the asset.
Both PEGASUS and BTC20 offer unique opportunities for investors in the crypto market. While PEGASUS aims to provide real-time access to new projects and protect investors from rug pulls, BTC20 combines the utility of the Bitcoin network with the Ethereum blockchain and offers staking and interoperability with DeFi applications. However, it is important to note that investing in crypto carries high risk and this article does not constitute investment advice.