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On Sunday, October 15, the value of Loom Network, a platform recognized for its scalability and innovative solutions, surged by 6% to reach $0.51.
However, Loom Network (LOOM) witnessed a 2.3% decline in the last 24 hours of trading, currently at $0.36 as of 7:46 a.m. EST.
Despite this recent dip, LOOM has achieved a remarkable 115% price increase over the past week, and its 24-hour trading volume has surged by 31% to reach $2.9 million.
The LOOM chart portrays an extended period of consolidation that has persisted for several months. However, the bulls have regained their momentum within LOOM, resulting in a breakout and a substantial price increase.
Despite the bears’ efforts to push prices lower, the bulls have firmly established their position, with two rebounds occurring at the lower boundary of the rising channel.
Price resistance was encountered at $0.29, briefly allowing the bears to drive the price down to the $0.25 support zone. This support zone was the foundation for a price spike that propelled LOOM to a new high at $0.51.
The bullish outlook is supported by the 50 and 200 simple moving averages, which intersected at $0.046. These moving averages provide price support for LOOM, with values of $0.13 for the 200 SMA and $0.25 for the 50 SMA.
Meanwhile, the relative strength index (RSI) is trending downward, falling below the 70-level, which aligns with LOOM’s price reversal after encountering resistance at $0.51. This suggests significant selling pressure on the Loom Network price, enabling the bears to drive the RSI to the 50-level mark.
LOOM is generally bullish, rebounding from the support level at $0.25. If this bullish momentum continues, LOOM’s price has the potential to surpass the $0.51 resistance point, setting a new all-time high (ATH) altogether.
However, bears might capitalize on the $0.51 resistance, forcing the bulls to find support at $0.25. A breach below this support level could result in further losses to $0.19 support for LOOM buyers.
Now here is where the real magic lies. BTCMTX has experienced a significant surge in its presale project, enticing investors with its unique stake-to-mine feature and posing as an alternative to LOOM
Get Bitcoin Minetrix (BTCMTX) Presale Early, 13 Days Left
The Bitcoin Minetrix presale is now in its second phase, with 13 days left until this stage concludes.
You can make your purchase right away, as the presale has already reached $1,583,273 in funding, which is half its soft cap. Each token is currently priced at $0.011, and its value is expected to increase as the presale progresses to the next phase.
The BTCMTX team aims to secure over $15 million in funding during the entire presale phase, allowing investors to acquire up to 77.5% of the total token supply. Additionally, 22.5% of the tokens have been allocated for community initiatives and staking rewards, fostering community involvement and ensuring token stability.
The funds raised during the presale will be utilized to launch the Bitcoin Minetrix platform and promote the token to establish a cloud mining facility or secure a long-term lease for such a facility.
Join BTCMTX Miners, Earn High APY, Rewards
Bitcoin Minetrix’s innovative Stake-to-Mine feature merges cloud mining and token staking. You stand to earn a remarkable annual percentage yield (APY) by staking your tokens. The APY currently stands at an impressive 370%, with 112 million tokens actively staked.
#BitcoinMinetrix vs Conventional Cloud Mining
Risk Assessment: 📊#BTCMTX = Smooth withdrawals and selling options.
Traditional cloud mining = Zero reimbursements, payouts influenced by market volatility. pic.twitter.com/JZx2fqt3bB
— Bitcoinminetrix (@bitcoinminetrix) October 15, 2023
You can easily acquire and stake BTCMTX tokens to acquire credits for cloud mining, which can be exchanged for hash power. This decentralized approach protects users’ interests, ensuring a transparent and secure mining experience.
The credits acquired are non-transferable ERC-20 tokens. These secondary tokens must be exchanged for designated BTC cloud mining time or a percentage of mining returns. Keeping mining credits as non-tradeable tokens guarantees their integrity remains intact.
BTCMTX has unveiled a “Minedrop Competition,” presenting an opportunity to participate in a $30,000 airdrop. In this event, ten fortunate participants have the chance to win BTCMTX tokens, each of which is valued at $3,000.
🎉 #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
Through their YouTube channel, CryptoNews has explained the unbelievable success that the BTCMTX project is already experiencing.
You can buy presale tokens on BTCMTX’s official website by connecting your Web3 wallet and acquiring the BTCMTX token through bank cards or exchanging ETH, BNB, or USDT for BTCMTX.
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