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Pepecoin (PEPE) began the week positively, indicating a rebound after hitting its low of the previous week at $0.000000611.
PEPE’s surge has made it achieve a 13% increase in the last 24 hours, bringing its trading price to $0.000000806692 as of 6:28 a.m. EST, according to GeckoTerminal.com.
The meme coin resurgence is on the verge of breaking out.
Bulls Poised to Breakout of Falling Wedge
Pepe has experienced a surge in price from the lower boundary of the falling wedge following a prolonged downward trend that inflicted losses on bullish investors.
The price-falling wedge pattern suggests a potential shift towards a bullish breakout. This implies that Pepe could experience a price surge that might allow the bulls to recover their losses accrued over time.
Additionally, Pepe’s rebound from the lower boundary of the falling wedge indicates that the bulls have gained control of the price, driving it toward the upper boundary of the wedge.
The bulls must sustain their momentum to break above the upper boundary of the falling wedge.
The relative strength index (RSI) further supports the bullish sentiment, currently trading at 55, indicating robust buying pressure. If the bullish momentum persists, the RSI could climb into the overbought region around 70.
Moreover, the bulls still face significant challenges, particularly from the 50-day and 200-day moving averages, which act as resistance barriers to higher prices.
The 50-day moving average also serves as immediate resistance to Pepe’s price.
Pepe maintains a bullish bias, supported by the falling wedge pattern.
Breaking above the wedge and the 50 SMA could allow the bulls to drive the price higher toward resistance levels at $0.00000143 and $0.00000184, respectively.
However, if the bears lower the price, backed by the 50-day moving average, the bulls may retreat to the support level at $0.000000611.
As Pepe investors await favorable entry points, they might consider BTCMTX an alternative to Pepe. The BTCMTX presale presents a staking and earning opportunity with the potential for high returns.
Bitcoin Minetrix (BTCMTX) Presale Hits a Milestone, Crosses $150k
Bitcoin Minetrix has achieved an impressive $186,219 after launching its presale, showcasing substantial market interest in the platform’s potential offerings.
The presale allows early supporters to acquire $BTCMTX tokens at only $0.011.
The presale consists of 10 stages, each increasing the token price by 10% starting from Stage 2. The project has a maximum coin supply of 4 billion, of which 70% (2.8 billion) is available to presale investors. The project sets a soft cap of over $15.6 million and a hard cap of $32 million.
Earn Bitcoin by Staking Tokens
The staking pool has experienced significant adoption, with over 5 million $BTCMTX tokens already staked within it.
Besides being converted into mining power, $BTCMTX enables passive token generation through its staking mechanism.
Welcome to #BitcoinMinetrix! 🪙
Decentralized $BTC mining made simple. We're revolutionizing cloud mining with $BTCMTX tokens, ensuring security and transparency.
Making it easier than ever. pic.twitter.com/iZPJN5GO8O
— Bitcoinminetrix (@bitcoinminetrix) September 26, 2023
Currently generating 158.5 tokens per ETH block, the current annual percentage yield (APY) stands at 5933%, which may gradually decrease as more tokens are locked into the pool. Over 7 million BTCMTX tokens have been staked at the time of writing.
When users stake the $BTCMTX token within an Ethereum-based smart contract, it is the gateway to Bitcoin cloud mining. By acquiring and staking $BTCMTX tokens, individuals can obtain cloud mining credits, which can be utilized to acquire hashing power.
This decentralized approach secures users’ holdings on the platform, providing a transparent and secure mining experience.
#BitcoinMinetrix vs Traditional Cloud Mining
Cost Entry Point: 💰#BTCMTX = Lock-in Period
Cloud Mining = High Minimum Deposits pic.twitter.com/cv18jowhnV— Bitcoinminetrix (@bitcoinminetrix) September 28, 2023
Cloud mining credits, acquired through staking $BTCMTX tokens, are ERC-20 tokens that cannot be transferred.
As the excitement surrounding the coin intensifies, Jacob Crypto Bury, a renowned crypto influencer on YouTube, forecasts a 10X return for the coin.
To access BTC cloud mining time or a portion of mining rewards, users must redeem these secondary tokens by ‘burning’ them. Keeping these credits non-tradable ensures the security and integrity of the tokens.
You can acquire $BTCMTC tokens with a minimum purchase of just $10, and payment options include ETH, BNB, USDT, or bank cards.
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