STP price prediction: Amid Decentralized Finance (DeFi) Growth, Will STPT Reach $0.1, While Whispers Of A New Presale Coin Circulate?

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STP (STPT) price is up 16% in the last 24 hours, bolstered by a 590% increase in 24-hour trading volume. After securing a listing on the MEXC exchange, the token appears to have significant potential, with the development giving the altcoin more exposure. The token has been bullish since the onset of October, with several exchanges acknowledging the surge, including Binance.

🚀📈 $STPT has skyrocketed with an impressive 30% surge in just a short amount of time, making it the top gainer on Binance exchange!#STPT #Binance #Topgainer pic.twitter.com/fE7vChs5Hy

— Daisy (💜,🌟) (@daisy_btc988) October 5, 2023

The increased volatility recorded by the STP price has delivered significant profits for traders, longs and shorts alike. Both bulls and short sellers are at an inflection point, anticipating the next move for the decentralized finance (DeFi) token.

📈 Is it time for the bears to make their move on $STPT? 🐻📉 After a 20% surge on the 30-minute chart, are the BULLS still in control, or is a reversal looming? 🤔 Let's hear your thoughts#Crypto #STPT #BullsVsBears pic.twitter.com/sgH9NWriuH

— dE♏️🅱️L🅾️US🍁🔝♍️ (@tycoonbethyname) October 13, 2023

Meanwhile, the STPT token is trending on MintedLab and a top gainer on the Binance exchange, with an STP price reading of $0.06763 when writing.

📌 24H 기준 거래량 TOP 24_231013#BTC #USDT #ETH #LOOM #XRP #T #STRAT #SOL #SHIB #HPO #LTC #ARK #WAVES #BCH #USDC #STPT #STORJ #TRX #LINK #ETC #ZEC #ENJ #AVAX #BNB pic.twitter.com/ACoEYdABTg

— Minted lab (@MintedLab) October 13, 2023

Playing devil’s advocate, however, it is imperative to note that a significant rise in STP price was countered by an almost equal pullback in the past.

🚨🚨Crypto #Pump Update🚨🚨

STPTUSDT$STPT gained 15.47% in 24h!
Average crypto return was 0.43%
Previously, when #STPT increased so much, it fell -11.60% on average the next day

Sign up:https://t.co/GIsOHZ4f7A #crypto #cryptonews $BTC #BTC #bitcoin #altcoins #alts #AI pic.twitter.com/qlyPxMynAJ

— cryptowise.finance (@cryptowise_fin) October 13, 2023

STPT Prognosis As STP Price Confronts A Critical Barrier

At the time of writing, STP price is testing a formidable barrier at $0.07098, which is critical considering it represents multiple equal highs. However, the odds still favor the bulls, with the Relative Strength Index (RSI) pointing north. This suggests rising momentum.

The RSI had also executed a buy signal, crossing above the signal line (yellow band). Traders heeding this call could add to the existing buyer momentum, increasing the upside potential for STP price. Similarly, the Awesome Oscillator (AO) indicator is positive, showing that bulls are still leading the STPT market.

Increased buying pressure above current levels, with the $0.05945 support level acting as a buyer congestion level, could see STP price clear the equal highs at $0.07098. Further north, the price could reclaim the September 23 high of $0.08100 or extrapolate in a highly bullish case to the forecasted $0.10000 target. Such a move would constitute a 50% surge above current levels.

On the other hand, a rejection from the $0.07098 barricade could see the STP price pull back, potentially losing the $0.05945 support. A break and close below this level would invalidate the bullish outlook.

Below the aforementioned level, the 50-, 100-, and 200-day Exponential Moving Averages (EMA) at $0.05552, $0.05092, and $0.04770 would be ideal turnaround points for STP price. Losing thee would clear the clog for STP to test the range low at $0.03859. Such a move would constitute a 42% drop below current levels.

With the AO histograms taking to the red shade, bears have a presence in the market, which continues to threaten the upside potential for STP price.

Investors looking for a more promising alternative to STPT should probably consider BTCMTX, a new presale token set to go live soon.

STP Alternative

BTCMTX is the native token powering the Bitcoin Minetrix ecosystem. The project has one main objective: to make Bitcoin mining accessible to everyone. All you have to do is buy BTCMTX and stake your tokens.

Opting for #BitcoinMinetrix for hassle-free mining! ⛏

With cloud mining, say goodbye to concerns about reselling equipment.#BTCMTX manages upgrades, this allows users to concentrate on their $BTC venture without the hassle of aging hardware. pic.twitter.com/qnaIY32gP7

— Bitcoinminetrix (@bitcoinminetrix) October 12, 2023

The BTCMTX token is selling for $0.011 in the current stage of the presale, with most of them staking it for credits redeemed thereafter for mining power. Based on the latest update on the website, presale sales have reached $1.196 million, out of the set $1.154 million. The price will increase in just about two days. Buy BTCMTX today using Ethereum (ETH) or Tether (USDT) to join the Bitcoin Minetrix community.

https://twitter.com/bitcoinminetrix/status/1712377624251506772

The new stake-to-mine project has the potential for significant returns, promising to bring Bitcoin mining back within the reach of the common folk.

To be part of the action, users need an Ethereum-compatible wallet, meaning MetaMask would be a good fit. When you stake your BTCMTX tokens, you earn non-tradable ERC-20 token credits. Burn these in exchange for BTC cloud mining power.

Navigating the #Crypto sphere alongside #BitcoinMinetrix! 🌐

Cloud mining = Cost efficiency!

Bid farewell to increased electricity bills and hardware needs.

Mining made simple. pic.twitter.com/fC1yuNJDVO

— Bitcoinminetrix (@bitcoinminetrix) October 10, 2023

It is worth mentioning that BTCMTX tokens and credits are two different things. BTCMTX is an ERC-20 utility token, which must be staked for you to earn the mining credits. Based on the project tokenomics, up to 4 billion BTCMTX tokens exist. You cannot transfer the mining credits. It is also worth mentioning that there is no maximum cap on mining credit tokens.

The Bitcoin Minetrix ecosystem also has a minedrop, just like an airdrop. It is presented as a gleam competition offering players the chance to win one of 10 prize allocations. Each allocation is worth $3,000. This means the ecosystem has set aside an astounding $30,000 worth of $BTCMTX tokens for community members. This is part of why traders are flocking to this new crypto presale.

🎉 #BitcoinMinetrix $30,000 Minedrop Is Now Live! 🎉

Get ready for your chance to win a share of $30,000 in $BTCMTX!

Follow the steps in the link below for the chance to win one of ten $3,000 $BTCMTX Prizes! 💰
➡️ https://t.co/v1UKskxi4Y pic.twitter.com/nseOBTNO9N

— Bitcoinminetrix (@bitcoinminetrix) October 5, 2023

Visit Bitcoin Minetrix here