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The FTX Token price has skyrocketed by 47% in the last seven days as the token traded at $4.404 as of 12:30 a.m. EST.
This surge came amid the stepping down of Changpeng Zhao as Binance’s CEO, and as the 10 largest wallets accumulated enormous amounts of FTT tokens in the past almost three weeks.
📈 Those who took a chance on $FTT continue to be rewarded, with a second rally for #FTX's native token coming after yesterday's #Binance news. Its price appears to have been boosted by the 10 largest wallets accumulating $12.8M worth of coins in 19 days. https://t.co/V3QNq91asF pic.twitter.com/DL5pkVfW96
— Santiment (@santimentfeed) November 23, 2023
FTX Token Price Prediction
The 2-hour FTT/USD charts show that the 50-period moving average has exceeded the 200-period moving average, demonstrating increasing buying pressure. The Relative Strength Indicator is on an upward trajectory as it moves above 50. This shows a likely bullish short-term on the token as it could soon be overbought.
The MACD has shifted to the green zone, also showing bull dominance. Volatility levels on the FTX Token price are low, as shown by the Bollinger Bands, which are moving close to each other. This results from decreasing trading activities that have seen FTT’s trade volume drop by 39% in the last 24 hours.
Meanwhile, as the FTX Token price continues its remarkable surge, Bitcoin Minetrix shows no signs of stopping as its presale gets more investors on board. The project has raised almost $4.4 million amid the growing enthusiasm.
FTX Token Price Prediction: Is Bitcoin Minetrix (BTCMTX) a Better Alternative to FTT?
Bitcoin Minetrix (BTCMTX) introduced the BTC Stake-To-Mine initiative. The ongoing presale activity reflects the growing anticipation surrounding the features of BTCMTX, attracting a diverse pool of enthusiastic investors.
As a tokenized cloud mining platform, Bitcoin Minetrix simplifies the complex world of Bitcoin mining, especially for beginners. Its fully decentralized nature emphasizes transparency, and security, catering to the evolving needs of the crypto community.
Investors are now empowered to earn Bitcoin mining credits through the platform, resolving longstanding issues in cloud mining, including fraudulent practices. The presale’s appeal lies in this distinctive feature, addressing the traditionally high Bitcoin mining costs and making it accessible to a broader audience.
The $BTCMTX #Token, when staked in an Ethereum-powered smart contract, acts as the access card to Bitcoin cloud mining. 🔐
Users can simply purchase and stake BTCMTX tokens to gain cloud mining credits, which can be redeemed in exchange for hash power. pic.twitter.com/HEz34GrEf0
— Bitcoinminetrix (@bitcoinminetrix) October 8, 2023
The ecosystem requires an Ethereum-compatible wallet like MetaMask to buy and stake BTCMTX coins. This staking feature positions the future BTCMTX price at a better position to gain than the FTX Token price amid the token’s native firm’s woes.
The project boasts a secure, user-friendly UI and low setup expenses, ensuring a seamless onboarding experience. The process involves stages like token acquisition, choosing the buy-and-stake option, and reaping Bitcoin rewards.
Bitcoin Minetrix’s Roadmap
Looking ahead, Bitcoin Minetrix outlines bold and profitable plans. The provisional roadmap includes exchange listings, multimedia marketing efforts, team expansion, and the development of desktop and mobile versions.
Collaborations with industry-leading cloud mining entities are slated to fuel rapid growth, with the stake-to-mine contract playing a pivotal role.
The significance of Bitcoin Minetrix to the crypto industry’s evolution becomes apparent, especially in its potential to streamline Bitcoin mining, a crucial step for the currency’s integration into the banking sector.
The project currently commands attention within the crypto discourse. Investors are reconsidering the importance of a bitcoin-focused token in the ever-evolving crypto landscape, propelled by the detailed cloud mining features Bitcoin Minetrix unveils.
The concept has gained swift popularity in the cryptocurrency industry, offering a promising avenue for simplified Bitcoin mining accessible to a broader audience. In a decade crucial to crypto business development, transformative projects like Bitcoin Minetrix hold immense possibilities.
Presale Triumph
Bitcoin Minetrix’s BTCMTX presale has surpassed expectations, raising more than $4.4 million with each token priced at $0.0118. Investors can acquire BTCMTX tokens using ETH, USDT, BNB, or credit card.
Adding an extra layer of excitement, a Gleam tournament with a $30,000 mine drop prize pool is underway. Participants stand a chance to win one of ten $3,000 prizes.
To qualify, engagement with the project on Twitter is essential, providing an additional avenue for participants to benefit from this innovative effort. So, while the FTX Token price looks to continue rising in the short term, Bitcoin Minetrix could be your go-to long-term investment for higher gains.
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