It’s official. Uptober is finally here.
Bitcoin has surged by a solid 4% over the past 24 hours as the leading cryptocurrency soars beyond the $28,000 level, heading toward $30,000.
With the optimism in the market, experts are starting to predict that Bitcoin can hit $40,000 in October.
Meanwhile, newly emerging alternatives are also starting to turn heads as investors turn their attention to projects that are providing significant passive income beyond 100% APY.
In particular, Bitcoin Minetrix ($BTCMTX) is gaining popularity as its presale raises over $300,000 in just a few days – indicating the sheer momentum behind the project.
In addition, Meme Kombat ($MK) continues to make waves and raises $200,000 in under a week as investors believe it will become the umbrella for all meme coin projects in the space.
What you'll learn 👉
Bitcoin Surges Beyond $28,000 as Uptober Begins – Experts Predict $40,000
Bitcoin has surged by an enormous 4% over the past 24 hours, pushing the price for the asset beyond $28,000,
The strong beginning of the month has investors touting the magic behind “Uptober,” in which seven of the previous nine October months produced bullish markets for crypto.
The surge isn’t limited to Bitcoin. Over the past week, Ethereum ($ETH) has surged by almost 10%, Solana ($SOL) by 24%, and Bitcoin Cash ($BCH) by 18%.
As a result of the hype, experts are starting to have their say on Uptober. Scott Melker, a prolific Bitcoin investor with almost 1 million followers on Twitter/X, recently wished everybody a happy Uptober, reminding everybody what happened during October 2021:
Happy Uptober to those who celebrate.— The Wolf Of All Streets (@scottmelker) October 2, 2023
Remember 2021? pic.twitter.com/qgHy1ThGOf
In addition, Michaël van de Poppe, CEO of MN Trading with 660,000 followers on the platform, recently stated that he believes Bitcoin can reach $40,000 by the end of Uptober;
Welcome to Uptober.— Michaël van de Poppe (@CryptoMichNL) October 1, 2023
Welcome to Q4, which is leading towards a great quarter, potentially fueled by ETF approvals and the pre-halving rally.
Potentially #Bitcoin to $40,000 is reasonable.
With the optimism injected into the market, let’s look at the charts and see where the resistance is on the way up.
Bitcoin Price Analysis: Can $BTC Reach $30,000
As mentioned, Bitcoin is now up by a solid 8% over the past week, pushing the asset beyond $28,000 today.
The cryptocurrency had dropped as low as $25,000 in September, where it found support at the February 2023 resistance level.
It has since rebounded from there, allowing it to set three-month-highs today.
Looking ahead, the first resistance level lies at $28,225 – provided by the late August 2023 highs.
This is followed by resistance at $28,650 (June 2021 lows), $29,340 (July 2021 lows), and $29,890 (July 2021 low-day closing price).
If the bulls continue to break $30,000, additional resistance lies at $31,000, $31,650 June 2021 low-day close), $31,985, and $32,950 (Jan 2022 lows).
Further resistance is then located at $33,520, $34,120 (1.272 Fib Extension), $35,000, and $35,750 (1.414 Fib Extension).
What Other Projects Are Gaining Significant Momentum?
It’s not just Bitcoin gaining momentum in the market this week.
Investors are turning their attention to newly emerging stake-to-earn cryptocurrencies providing extraordinary passive income opportunities – some higher than 100% APY.
In particular, Bitcoin Minetrix ($BTCMTX) is turning heads as its stake-to-mine Bitcoin opportunity is providing double benefits through staking and Bitcoin cloud mining during the recent surge.
In addition, Meme Kombat ($MK) is snowballing in popularity as it raises $200,000 in under a week, and traders believe it will become the umbrella project for all meme coins in the future.
Bitcoin Minetrix Crosses $300,000 Milestone as Investors Feel FOMO For 2,000% APY.
Bitcoin Minetrix ($BTCMTX) recently crossed the $300,000 milestone as investors feel the FOMO due to the 2,000% APY returns it’s currently providing.
Cryptocurrency traders are buzzing about this new penny stock offering the $BTCMTC token for a price of $0.011 in the first stage of its presale.
Bitcoin Minetrix differs from all crypto projects in the space by introducing a novel stake-to-mine concept that provides access to a safe and secure Bitcoin cloud mining platform.
The project intends to tokenize the cloud mining platform, allowing everyday users to start mining $BTC in a decentralized way.
With the price of Bitcoin rising, investors believe this unique stake-to-mine process could produce long-term passive gains for early adopters of the protocol.
The process provides a cost-effective solution to Bitcoin mining and reduces the ease of entry as there’s no need for technical expertise, hardware setup, or high electricity costs.
Instead, investors simply have to buy $BTCMTX in the presale and stake the tokens to earn Mining Credits. These Mining Credits are non-transferable ERC20 tokens that can be burnt in exchange for designated BTC cloud mining time – allowing users to earn passive income through Bitcoin mining.
The tokenization of the entire process ensures that users retain complete control of their funds throughout the mining operation without trusting a centralized entity.
All of the mining rewards are automatically managed through smart contracts, providing the safest and most transparent entry into Bitcoin cloud mining.
In addition, those staking the $BTCMTX tokens are currently earning an enormous 2,600% APY on their investment;
Of course, this APY will drop as more stakers enter the pool but will still provide rewards considerably higher than most staking projects’ typical 5% APY.
With the first stage of the presale quickly selling fast, this might be your final chance to get positioned at the $0.011 price level. By the final stage, the price would have increased by 8% to $0.0119.
The speedy entrance into the market shows that investors are excited about the prospects of Bitcoin Minetrix, and experts are predicting at least 20x returns for the token once it launches.
The smart contract has been fully audited by Coinsult – a highly respected security firm in crypto – with no risks or issues discovered.
Getting started through cloud mining on Bitcoin Minetrix is extremely easy. Users can participate in the presale with as little as $10 by swapping ETH, BNB, or USDT for $BTCMTX. It can also be bought using credit/debit cards through the secure system.
Meme Kombat Raises $200,000 In Under a Week as Traders See Huge Meme Coin Action.
Another project that’s snowballing in popularity is Meme Kombat ($MK), which raised $200,000 in under a week as traders foresee huge meme coin potential.
Meme Kombat is a new stake-to-earn meme coin with genuine utility.
It brings together the exciting world of memes and the competitive thrill of the battle arena into a unique gaming experience on the blockchain.
Meme Kombat introduces automated battles in its battle arena between characters representing various meme coins. All outcomes of these battles are determined on-chain, making it completely transparent and provably fair.
In addition, the battles are brought to life through AI using dynamic visualization to add a vivid element to the gameplay.
Users can stake their $MK tokens to participate in the battles by placing wagers on the outcome to win more rewards.
All betting occurs through the user-friendly $MK interface, with all winnings paid out through smart contracts.
Furthermore, those staking their tokens are currently earning a very respectable 112% on their assets.
Overall, Meme Kombat is bringing a new era to meme coin gaming with its unique battle-fueled arena powered by AI.
With $MK at the core of the ecosystem, the presale is expected to sell out quickly. It’s currently offering the token at a discounted price of $1.667, with experts predicting 10x returns once it launches on exchanges.
Users can participate in the presale by swapping ETH, USDT, or BNB for $MK tokens.
Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com