Bifrost Bridges a 11% Gain; Don't Overlook the Upcoming Bitcoin Minetrix

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The latest market developments have seen several tokens rally, with Bifrost (BFC) emerging as a pivotal force, recording gains of over 11% within the last 24 hours. However, beyond this notable advancement, the horizon glimmers with the promise of the much-anticipated Bitcoin Minetrix, currently in its pre-sale.

Looking at stats from CoinMarketCap, Bifrost (BFC) held a spot price of $0.06022 as of 6:40 a.m. EST, October 23. This represented an increase of 11.9% from its previous 24-hour valuation. This upward trend is likely to continue in the near future as well. Looking at 4-hour BFC/USD charts from TradingView, this is indicated by the 15-day moving average, which has exceeded the 30-day moving average, forming a golden cross.

The RSI movement also shows a likely bullish future as it holds on to the critical 28.3 support. The RSI is above the average line, indicating bull dominance on BFC. The MACD also indicates bullishness on BFC as it moves in the green zone. BFC’s volatility levels are high, as seen from the Bollinger Bands, which are currently wide apart. This volatility level can be attributed to the growing trading activity on the token. BFC’s trading volume saw a 329% increase within 24 hours.

Why the Sudden Love for Bifrost

Bifrost has seen a remarkable gain of 68% in its valuation in the past seven days. Despite the recent market events that saw a majority of tokens rally, Bifrost has had several key developments that might as well have attributed to this surge in price. This can be attributed to the recently incorporated Polkadot’s cross-consensus messaging structure into its SLPx toolkit, streamlining the process of staking across various chains.

Bifrost SLPx Pallet is Live! 🎉

By leveraging @Polkadot's native cross-consensus messaging format (#XCM), the #SLPx pallet will crucially lower the barrier of liquid staking for users.

By reducing the whole process to one click from any chain, it abstracts away the… pic.twitter.com/33J87mL0Wj

— Bifrost – Omnichain LST (@Bifrost) October 12, 2023

This strategic integration has enhanced price stability, minimizing market fluctuations and promoting smoother trade executions. Moreover, the benefits of SLPx extend beyond end-users, offering valuable utility to applications capable of interfacing with SLPx.

Bifrost’s TVL surging

The effects of this new development are reflected in the total value locked (TVL) on Bifrost Mainnet. According to stats from DeFiLlama, the total TVL on Bifrost had recorded a 3% surge within 24 hours, as of October 23, 7:10 a.m. EST.

Meanwhile, as Bifrost continues to make waves, Bitcoin Minetrix’s presale continues to cause quite some buzz as the token holds prospects of an explosive surge amid its looming launch.

Bitcoin Minetrix Pre-Sale Exceeds $2 Million

Bitcoin Minetrix has raised over $2m in its current pre-sale, highlighting investor interest and confidence in the project’s vision and potential. This comes amid Stage 3’s arrival, marking another step in their mission.

Announcement! 📢#BitcoinMinetrix has achieved a monumental milestone, surpassing $2,000,000 raised!

We are now also less than 40 minutes away from the start of Stage 3! 🪙 pic.twitter.com/iZENKYsxcd

— Bitcoinminetrix (@bitcoinminetrix) October 23, 2023

Stage 3, which marks the public launch of Bitcoin Minetrix’s Stake-to-Mine platform, is set to introduce many features and opportunities for the community.

A Look at What Phase 3 Brings

The upcoming phase of Bitcoin Minetrix is set to witness the introduction of various pivotal features. Launching the Stake-to-Mine mobile and desktop dashboard is expected to offer a user-friendly interface that simplifies the user process. Mining operations are expected to dramatically change efficiency and vitality due to the live conversion of mining credits into hash power, allowing miners to optimize their procedures to maximum effect.

#BitcoinMinetrix is now in Stage 3! 🔥 pic.twitter.com/Od4Syqx7EA

— Bitcoinminetrix (@bitcoinminetrix) October 23, 2023

Bitcoin Minetrix’s commitment to openness and user-centric procedures is further shown by the possibility of instantaneous withdrawals of the first mined BTC to users’ wallets. Bitcoin Minetrix will continue constantly seeking to work together and form relationships with cloud mining giants outside the company. This intelligent move improves the project’s skills and grows its impact and reach in business. Along with these efforts, a more robust marketing plan that includes more interaction with allies and leaders should increase participation and knowledge, showing the project’s benefits and offers to a bigger group.

As Bifrost boasts achievements with its new developments, the entrance into Stage 3 also marks a significant stride for Bitcoin Minetrix. With its commitment to transparency, innovation, and user-centric solutions, it’s undoubtedly a project to watch closely. As they embark on the public launch of the Stake-to-Mine platform, the cryptocurrency community eagerly anticipates the impact and opportunities this presale will bring.