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Barnbridge, a decentralized protocol, converts risk into tradeable assets, empowering users to reduce their vulnerability to yield fluctuations and price volatility.
The project accesses debt pools from multiple DeFi platforms. Then, it creates a range of assets within a consolidated debt pool, each presenting unique risk and return profiles.
BOND is trading at $4.06 as of 5:33 a.m. EST, indicating a 39% increase in the last 24 hours. However, can BOND sustain this bullish momentum?
Barnbridge shows a sharp surge following a consolidation period, showcasing consistent upward movement with strong support at the $1.61 mark.
Nevertheless, some resistance was encountered at the $6.66 level, showing the possibility of a shift towards a bearish trend and a potential retracement back to the $2.67 support zone, which also aligns with the 200-day simple moving average.
This support level is generating heightened buying activity and is acting as a catalyst for bullish momentum in BOND’s price.
Furthermore, BOND’s price indicators align with this bullish sentiment. The 50 and 200 moving averages on the 4-hour chart are currently positioned below the price, suggesting growing buying pressure for BOND. Specifically, the rebound at $2.67 initiated by the 200 SMA is a crucial support level that may propel the price above the 50 SMA.
Can Barnbridge BOND Momentum Surpass $6.66 High?
The relative strength index (RSI) displays an upward trajectory at 61. The chart shows that the RSI rebounded from the 37th mark, indicating strong and widespread buying interest that might drive it into the overbought territory at 70.
The rebound at $2.67 has triggered a rally among Barnbridge buyers, who seem poised to drive the price higher. Shows the potential to revisit the previous high at $6.66 and potentially surpass it, reaching new highs at 13.61 in Q4 of 2023.
The price has formed a higher low, signaling a continuation of the bullish trend.
Conversely, in the event of a pullback, bears could exert downward pressure on the price, potentially pushing it back to the support zone at $2.67. However, a candlestick closing below this level could trigger the bulls to seek support at $1.61.
Bitcoin Minetrix BTCMTX Crosses $1.8 Million in Presale Funding
Currently, in Stage 2 of the presale, BTCMTX has already raised an impressive $$1,810,225
The BTCMTX token presale is happening in multiple stages, and currently, each token is priced at $0.0111.
#BitcoinMinetrix has passed the $1,800,000 mark!🚀 pic.twitter.com/mBNdn4syU7
— Bitcoinminetrix (@bitcoinminetrix) October 20, 2023
The token price may increase as the presale progresses toward its soft cap goal of $3.09 million. The hard cap for this project is $15 million, and presale participants can secure up to 77.5% of the token supply.
With just two days left until its conclusion, BTCMTX, a Bitcoin cloud mining platform, is drawing substantial interest in its presale stage.
Cloud mining allows you to engage in cryptocurrency without physical mining equipment. Users can rent or buy some of the computational power from specialized mining data centers.
Bitcoin Minetrix Token Allocations
BTCMTX boasts a total token supply of 4 billion. In phase 1 of the roadmap, 42.5% are for funding Bitcoin mining endeavors, and 35% are for initiating the Bitcoin Minetrix platform and its associated initiatives.
15% is set aside for rewarding community participation, and 8% is for BTCMTX staking rewards until the full development of the Bitcoin Minetrix cloud mining platform is accomplished.
The idea of staking to mine is truly ingenious! 🌟
Opening #Bitcoin mining to every #Crypto enthusiast, and here's why it's so appealing.
To participate in #BitcoinMinetrix, users simply need an Ethereum-compatible wallet, like #MetaMask. It couldn't be more straightforward! ✅ pic.twitter.com/onLu7PHq4U
— Bitcoinminetrix (@bitcoinminetrix) October 14, 2023
BTCMTX also introduces an innovative Stake-to-Mine approach that combines cloud mining and token staking. Already, 128 million tokens are staked with a 324% APY. The current reward per block stands at 158.5.
You can stake your tokens to earn additional BTCMTX tokens. Staking for mining credits will be available when the app launches, and your staked tokens generate mining credits, enhancing your Bitcoin cloud mining earnings as you use them.
For more information and guidance on purchasing and staking BTCMTX tokens, follow Cilinix Crypto. A YouTube reviewer with over 34.2k subscribers. He offers guidance on this presale opportunity and is also an investor.
To participate in the presale and stake BTCMTX tokens, use ETH, USDT, BNB, or a bank card. Connect your wallet to the BTCMTX website. Then, purchase using the presale widget, and ensure you have enough ETH or BNB to cover gas fees.
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