Ben Armstrong, popularly known as BitBoy, has placed a 5 Bitcoin (BTC) (currently worth around $137K+) wager on the future of the recently-launched BEN token. His bet on the token was in response to Ran Neuner, a fellow influencer, who forecasted that BEN would be worth less than its current market capitalization in the next year.

BEN currently has a total supply of 420.69 trillion and a market capitalization of $37.5 million. This puts it in the top 507 tokens by valuation and it aims to break into the top 500.

In order to gain Neuner’s attention, BitBoy asked if the 5 BTC was insufficient for the challenge he put out. BitBoy believes he has an edge over the competition: the 2024 Bitcoin Halving Event, which happens in either April or May. This event will affect the overall crypto market and BitBoy believes BEN will benefit from it.

The BEN token was launched only three days ago and has received support from BitBoy. However, Dogecoin founder Billy Markus criticized BitBoy for his asset promotion. In spite of this, BEN is down 25.6% in the past 24 hours amidst market-wide decline. Even after dropping 51.61% from its all-time high of $0.000000187, the asset is up 512% from its all-time low. BEN is currently trading at $0.000000090184 at the time of writing.

BitBoy’s wager is a bold move and has put the BEN token firmly in the spotlight. Will the asset increase past its current market capitalization by the time the wager is due? Only time will tell.



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