Will BEN Token rise to the occasion? BitBoy bets 5 Bitcoin on the potential

The bet came in response to a comment from Ran Neuner, who predicted that BEN will have a lower market value in the next year than it does now.

Ben Armstrong, popularly known as BitBoy, is betting big on the recently launched BEN token. The prominent influencer revealed on Twitter that he is willing to bet 5 Bitcoin (BTC) (currently valued at $137K+) under the assumption that in a year BEN will have a larger market cap than today.

BitBoy’s effort came in response to a statement from Ran Neuner, a fellow influencer and host of the Crypto Banter YouTube channel. Neuner predicted that BEN would have a lower market value than it does in the next year and offered to bet on the prediction. BitBoy accepted the challenge and proposed a bet of 5 BTC.

I’ll take that bet. I want to bet 5 BTC

— Ben Armstrong (@Bitboy_Crypto) 10 May 2023

The BEN token has a total supply of 420.69 trillion, with the entire supply in circulation, per data from CoinGecko. BEN’s current market cap is $37.5 million, ranking it 507th on the list of tokens by valuation. The asset is looking to enter the top 500.

Neuner has not responded to the bet at press time. To get his attention after hours of silence, BitBoy asked Nuner in a follow-up tweet if the 5 BTC stake was insufficient. BitBoy believes that the 2024 Bitcoin halving event will have occurred by the time the staking deadline arrives, giving him an advantage.

For context, the 2024 Bitcoin halving event is slated to happen in either April or May. This event will reduce the rate at which new Bitcoin tokens are mined and is expected to positively affect the overall market. BitBoy believes that BEN will profit from this.

BEN is currently down 25%

BEN was launched just under three days ago and has been supported by BitBoy, which claims he did not specially create the asset. According to him, someone else launched the token and he just supports it. As before reported of The Crypto Basic Dogecoin founder Billy Markus recently criticized BitBoy for its asset promotion.

Meanwhile, BEN is down 25.6% in the last 24 hours due to the market decline. Despite falling 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 as of press time.