Bitcoin has been struggling to touch the $38K mark for a few days now.
Despite the short-term pullbacks, the market is largely filled with optimism. But high-cap assets are proving to be incredibly slow for most investors. Especially with the year nearing its end, investors are on the lookout for tokens that can give them multifold returns.
The latest crypto to capture their attention is Bitcoin Minetrix or $BTCMTX. The new stake-to-mine cryptocurrency has become a sensation in the crypto market in a short time, thanks to its unique cloud mining solution.
What you'll learn 👉
Cloud mining as a source of passive income
Strategic investors are turning their focus to low-cap gems like Bitcoin Minetrix for a reason, as we will discuss below.
The distinct value propositions of Bitcoin Minetrix are centered around a stake-to-mine-to-earn ecosystem. At the heart of it, the project’s goal is to simplify cloud mining for laymen.
Bitcoin mining has long remained confined to people or businesses who can afford the large initial investment it demands. With $BTCMTX, the project aims to lower the entry barrier to bitcoin mining.
What sets apart the cloud mining project introduced by Bitcoin Minetrix is its emphasis on ease of access. Many cloud mining projects have laid down their mission to lower the entry barrier to Bitcoin mining. Yet, they demand technical expertise, time, and hardware investment.
An analysis of the Bitcoin Minetrix website and white paper reveals that it’s not the case here. Bitcoin Minetrix addresses the challenges persisting in cloud mining through a novel system called stake-to-mine-to-earn, or simply stake-to-mine.
Since $BTCMTX, the native crypto of the upcoming cloud mining project, has yet to be listed on crypto exchanges, investors are using the presale as a chance to hoard it at discounted prices. Market analysts suggest that the token has the potential to achieve a modest 10X rise upon its launch later this year.
What that looks like
In this innovative approach, investors stake $BTCMTX tokens to earn mining rewards. The stake-to-earn module will be activated soon after the presale concludes.
Once the tokens are staked, investors will begin to accumulate mining credits, which are distributed as non-transferable credits as a method of protection against hacks and thefts. Converting these credits into Bitcoin mining rewards is a straightforward process. You just need to burn them from the website. It can be completed in just a few clicks.
Bitcoin Minetrix doesn’t want users to invest in hardware investments or enter into contracts. Instead, it provides a user-friendly and accessible approach to cloud mining.
In essence, investors using Bitcoin Minetrix can participate in cloud mining without concerns about hardware resale value or depreciation. It is an attractive option for passive investors seeking a simplified and secure way to engage in Bitcoin mining.
Getting started is fast and easy
To get started on Bitcoin Minetrix, all you need is $BTCMTX tokens. With just the investment, you can access the stake-to-mine cloud mining platform.
Since the tokens can be sold on any popular crypto exchange as and when the investor chooses, there is no need to worry about the resale value of the investment. That’s often a problem in traditional cloud mining platforms.
That’s one of the key benefits that Bitcoin Minetrix aims to make available to the masses through the blockchain tokenization of cloud mining. The simple yet elegant procedure makes this income source passive to a great extent.
Moreover, the investment is flexible, to make the opportunity available to a wide range of retail investors. You can purchase as many $BTCMTX tokens as you can afford.
But it’s important to keep in mind that the price of the token will be subject to market fluctuations once it goes live on exchanges. The best option is to buy the tokens during the ongoing presale. The presale is structured into multiple stages with a gradual price increase.
Market analysis suggests that the token could jump anywhere from 1000% to 2000% upon its initial launch.
What do experts say
Influencers like Jacob Bury and the Crypto News YouTube channel predict that the token has the potential for up to 10X price appreciation once it goes live on exchanges.
If the project manages to make its way to Binance, the listing could send the token’s valuation to up to $500 million within a quarter.
Although some influencers predict the token to undergo a 100X increase in a month, the whims of the market are likely to be unkind to an explosive price action. If $BTCMTX jumps 100X, investors need to be mindful of potential corrections.
But in the long run, the project has the potential to accrue and maintain a 100X growth.
The Bitcoin Minetrix ($BTCMTX) presale is poised to exceed the $4 million milestone soon. The quick progress of the presale and the growing traffic highlight the project’s significant potential for growth.
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.
