The crypto market is reveling in joy again. Bitcoin has broken the much-awaited milestone at $40K, and the market seems to be ready to follow suit.
For example, Ethereum has recorded a 9.74% jump in the last seven days, while XRP has managed to climb 5.38% in the same window. Solana, on the other hand, has outperformed its competitors with a 14.4% jump. Other top performers are Dogecoin, Near Protocol, Thorchain, Chainlink, and Polygon.
Investors are keeping an eye on Bitcoin Minetrix next, which is rightly positioned for a price surge on its release.
Exploring the #Bitcoin Mining via #BitcoinMinetrix! 🌐⛏️— Bitcoinminetrix (@bitcoinminetrix) December 4, 2023
✅ Simple access for newcomers.
💸 Economical, no hardware costs.
🏠 No concerns about space, noise, or climate.
🔄 Smooth, hassle-free enhancements. pic.twitter.com/NVozjdG6cc
What you'll learn 👉
Bitcoin Minetrix – Why are investors excited about this new cloud mining project
Bitcoin Minetrix is a new cryptocurrency that has created waves in the market within a short span of time. The rapid progress of the presale, now past the $4.7M milestone, will have onlookers wonder what the big deal is.
In this section, we will take a look at that.
While most of the projects that enter the crypto market concern themselves with redundant DeFi, NFTs, and play-to-earn themes, the unique value proposition from Bitcoin Minetrix is more tangible.
It allows users to earn mining rewards, something that has long remained beyond the reach of everyday crypto investors. With Bitcoin Minetrix, anyone and everyone can earn Bitcoin mining rewards.
Minus, the hassles that traditionally come with it. Like the steep technical learning curve, large initial investment requirements, noise, energy consumption, and maintenance to name a few.
Investors captivated by the idea of hassle-free, budget-friendly bitcoin mining have been buying $BTCMTX tokens from the presale. The native token acts as the investment and utility token of the ecosystem.
Stake $BTCMTX to earn mining rewards
To engage in passive bitcoin mining with Bitcoin Minetrix, participants need to stake $BTCMTX tokens. For this, they just need to head to the Bitcoin Minetrix stake-to-mine-to-earn dashboard.
The full-fledged platform will go live only after the presale. But staking has started already.
Early investors can stake their $BTCMTX tokens to earn staking rewards in the same token now. But once the fully operational dashboard is live, they will be earning mining credits instead. These will be non-transferable to prevent the risks of hacks and theft.
Once they’re burned, BTC mining rewards will be credited to investors.
The streamlined cloud mining is unlike anything the market has seen before. Although there is no dearth of cloud mining platforms, few live up to the expectation. Although they cater to retail participants, they still require initial hardware investment, some technical expertise and knowledge in mining, and more importantly, time.
Bitcoin Minetrix, on the other hand, is completely passive. It throws out the hassles and expenses of cloud mining through blockchain tokenization. In effect, it turns cloud mining into an investment as well as a true source of passive income.
Can Bitcoin cross $100K? Probably, But $BTCMTX is likely to be a better investment
Now that BTC has crossed the $40K mark, crypto investors are anxiously waiting for the next major milestone – $50K. But the current bull run is only a beginning, according to some analysts.
They believe that BTC is on a steep path toward breaking its previous all-time high and then the wildly optimistic $100K. Their ambitious predictions hinge on two factors. The first of these is the strengthening enthusiasm around the approval of BTC ETFs. The next is Bitcoin halving, due next year.
While a reasonable share of established cryptocurrencies like BTC, ETH, and XRP is integral to every crypto portfolio, average investors overlook the fact that the highest returns come from promising new cryptocurrencies.
Effortless Mining Experience! ⚙️#BitcoinMinetrix aims for serene and tidy mining setups.— Bitcoinminetrix (@bitcoinminetrix) December 3, 2023
No bulky installations, no disruptions, no overheating – just smooth and straightforward $BTC cloud mining!#BitcoinMining pic.twitter.com/r8sXYRxNjM
Established cryptocurrencies have mostly saturated, but promising new cryptocurrencies can bring multifold returns to early investors. The key lies in hunting them down early on. Bitcoin Minetrix is a new cryptocurrency that fits the description.
That’s not the only reason strategic investors have been hoarding the token, however. The mining credits from staking BTCMTX tokens can be exchanged for actual Bitcoin.
In other words, as the price of Bitcoin goes up, so does the demand for $BTCMTX.
The presale is nearing a rapid end
The Bitcoin Minetrix presale is divided into multiple stages, with a gradual 10% price increase in each stage. At the time of this writing, the token is selling for $0.012, with the price set to increase in just three days. It has raised 4,707,178.02 out of its targeted $5,466,408 so far.
$BTCMTX is predicted to surge on its release due to the growing attention and FOMO building around the project. The earlier an investor joins the presale, the more affordable the entry point.
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Project development milestones like the launch of the desktop and mobile apps, multichannel marketing campaigns, and the ability to trade hash power for mining credits will underpin the long-term price action of BTCMTX.
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