Solana Soars, Cementing its Position as Top Contender. But Did You Know Bitcoin Minetrix's Presale Might Be the Next Frontier

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Solana (SOL) has soared amid what seems a regulatory win for Ripple. The SEC yesterday, October 19, reportedly dropped its lawsuits against XRP executives, an action that saw crypto markets rally, with Solana precisely thriving on the development.

BREAKING 🚨

The SEC drops lawsuit against #Ripple XRP executives.$XRP surges to 8% on the news 🔥

Are you bullish?👀🐂 pic.twitter.com/MITVNQbenE

— EvanLuthra.eth (@EvanLuthra) October 20, 2023

As of October 20, 6:30 a.m. EST, Solana held a spot price of $27.1, representing a 13% surge from its previous 24-hour price. Solana’s trading volume soared by 182%, showing increased bull activity on Solana. This, in return, has caused high volatility in Solana. This is demonstrated by the Bollinger bands, which are currently diverging. The RSI is now in the overbought region, showing bull dominance on Solana according to 24-hour SOL/USD charts from TradingView.

Looking at 4-hour SOL/USD charts, the 5-day moving average has exceeded the 15-day moving average, forming a golden cross. This indicates significant bull activity on Solana, a trend likely to continue as the Solana blockchain posted impressive results in 2023’s Q3, driving growth on the native token. Solana has seen a 35% increase from its previous 30-day price.

Overview of Solana’s Q3

A recent Q3 2023 report for Solana by Messari revealed developments and achievements across various sectors. Compressed NFT (cNFT) minting increased dramatically, and the DeFi ecosystem flourished on the platform. There were fears that FTX might sell off its 57 million SOL tokens, but Solana’s market value increased by 17% anyway. The SOL for FTX/Alameda may be unlocked at some point, most likely in the fourth quarter of 2025.

Notably, the production of compressed NFTs (cNFTs) skyrocketed during the quarter, with DRiP leading the way. After some big news, much attention was paid to Solana’s tech stack and virtual machine (SVM). For example, Rune looked into integrating a Solana version for MakerDAO and Visa to make payments on the Solana network easier. Also contributing to the 32% increase in Solana’s DeFi total value locked (TVL) was introducing points programs by multiple protocols. The supermajority-approved V1.16 upgrade included enhancements for Confidential Transfers, decreased memory requirements for validators, and enhanced support for zk-proofs.

Meanwhile, as Solana makes waves, Bitcoin Minetrix’s pre-sale may be your optimal investment strategy as the company advances.

Bitcoin Minetrix Achieves $1.8M in Funding

Bitcoin Minetrix has achieved another milestone by surpassing the $1,800,000 mark in their ongoing pre-sale. This highlights immense trust and interest from investors and individuals seeking to participate in decentralized Bitcoin mining. The pre-sale success comes on the heels of Bitcoin Minetrix’s unique approach to cloud mining, emphasizing user ownership and decentralized tradable tokens.

#BitcoinMinetrix has passed the $1,800,000 mark!🚀 pic.twitter.com/mBNdn4syU7

— Bitcoinminetrix (@bitcoinminetrix) October 20, 2023

Bitcoin Minetrix’s mining approach

Guided by the commitment to safety and security, Bitcoin Minetrix stands out compared to traditional cloud mining services. Unlike the conventional approach that demands cash deposits, Bitcoin Minetrix ensures a decentralized system with user-owned tradable tokens, making it a more secure and transparent option for prospective investors.

Offering an accessible entry point for beginners, cost-efficiency without high electricity bills, and freedom from hardware maintenance concerns, Bitcoin Minetrix presents an all-encompassing solution for those considering venturing into Bitcoin mining. By eliminating the risk of third-party cloud mining fraud and granting users complete control over operations, Bitcoin Minetrix’s approach is a step towards inclusive and secure participation in cryptocurrency mining.

Be Ware of Scams

Bitcoin Minetrix, in response to surging deceptive practices amid its presale, advocates for a cautious approach among its users. Emphasizing the significance of verifying information from reliable sources, the company empowers its clientele to discern secure, genuine interactions from potentially perilous fraudulent activities.

Caution regarding #BitcoinMinetrix Scams!

Remember these tips:🔒

🛡️ Verify information from trusted sources.
🚫 Refrain from sharing confidential details.
🔍 Report any suspicious accounts immediately.#CryptoSecurity pic.twitter.com/9xhKASUgUH

— Bitcoinminetrix (@bitcoinminetrix) October 18, 2023

Users are advised to exercise discretion in online activities, underscoring the importance of safeguarding personal data. By promoting the swift reporting of suspicious accounts, members of the Bitcoin Minetrix community can bolster a heightened sense of trust and security within the platform.

Bitcoin Minetrix fosters a fresh cohort of cryptocurrency enthusiasts, encouraging active engagement in decentralized finance. With its commitment to innovation and transparency, Bitcoin Minetrix is paving the way for a new era of participation in the dynamic and evolving world of digital assets. Remember to be part of the pre-sale as you watch the current rally that has seen tokens like the Solana rally.