Bitlayer's recent move is quite interesting, providing a new stage for Bitcoin, the 'big brother'. They focus on Bitcoin's native security, introducing innovations like the BitVM cross-chain bridge and YBTC, while also implementing high-throughput aggregation, aiming to give the Bitcoin ecosystem wings in DeFi, allowing it not only to 'lie flat' as digital gold but also to get active and make things happen.
Looking at the lineup of investors, big names like Polychain Capital and Franklin Templeton are here to support it, which is quite impressive, as if they stamped a lot of approval on its 'business plan'.
Now, regarding the BTR token, the total supply is 1 billion, with over 260 million in circulation. The public sale price is quite tiered, at $0.2 on CoinList and only $0.02 in the Binance Wallet pre-sale, making the price difference feel like a roller coaster. According to analysis, the reasonable launch price is between $0.08 and $0.25, but many in the community are shouting that in a bull market, it could soar to $0.3 to $0.42, which is quite a significant expectation gap.
However, as the old saying goes, history tends to repeat itself. It's common for Bitcoin L2 tokens to drop 80%-95% from their launch price in the past 6 to 12 months, just like bungee jumping; the higher you go, the more thrilling the drop can be. One can only say, for this BTR journey, make sure to fasten your seatbelt before boarding~@BitlayerLabs #Bitlayer $BTC