Cardano Price Prediction: ADA Hits Four-Month High After A 6% Pump, And This Bitcoin Alternative Surges Past $3.6 Million In Presale

ByOdero Kester

Updated: 07 November 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Cardano price surged by 6% in 24 hours to reclaim its 4-month high as the token traded at $0.035 as of 1:30 a.m. EST.

Whale activity on Cardano (ADA) is also increasing, while the number of active addresses jumped by 15.9% in 7 days and 39.7% in 30 days to 46,912.

Cardano Price Prediction

Looking at 2-hour ADA/USD charts, Cardano is at risk of facing corrections in the short term, as pointed out by crucial indicators. A bearish engulfing candle stick pattern has been formed, indicating a reversal pattern on Cardano’s price as bearishness now kicks in. The MACD also moves in the red zone, indicating bear activity on Cardano.

The Relative Strength Indicator is also now on a downward trajectory. All these indicators signify fading bullishness on Cardano’s price. The bulls are now facing new resistance at the 0.37 level. However, should bulls retain the $0.24 support level, a breakout above $0.4 is imminent in the long term.

The Cardano price faces high volatility levels, as indicated by the Bollinger Bands, which are wide apart. These levels will likely remain high in attribution to the increasing whale activity, which has also seen the token’s trade volume surge by 42% in 24 hours.

Meanwhile, as the Cardano price faces the risk of a correction, Bitcoin Minetrix is getting more investors on board in its ongoing pre-sale.

BitcoinMinetrix’s BTCMTX Pre-Sale Passes $3.6 Million

Bitcoin Minetrix (BTCMTX) has reached $3.6 million in its pre-sale phase. This achievement signifies a strong investor interest in its approach to mining without the need for expensive equipment.

Recognising a significant accomplishment for #BitcoinMinetrix! 🌟

Exceeding the $3,600,000 milestone! pic.twitter.com/jC0RxzqnTu

— Bitcoinminetrix (@bitcoinminetrix) November 7, 2023

Why Choose Bitcoin Minetrix?

Bitcoin Minetrix stands out with its ‘stake-to-mine’ method, which rewards users with mining points when they stake BTCMTX coins. These credits grant users designated periods to mine in the cloud, allowing them to earn real BTC rewards.

Investors who engage in staking can expect to receive more than 150% APY in additional tokens, thereby boosting their future mining capabilities.

Through its decentralized cloud mining system, Bitcoin Minetrix offers an accessible and cost-effective means for users to secure BTC mining profits without purchasing expensive hardware. This accessibility enables ordinary crypto enthusiasts, regardless of their technical knowledge, to tap into BTC’s lucrative revenue streams.

Bitcoin Minetrix addresses critical challenges previously observed in the BTC mining landscape, such as the high costs of mining equipment and fraudulent schemes, ensuring a secure and straightforward mining process.

Participating in Bitcoin Minetrix’s offerings only requires an Ethereum-compatible wallet, such as MetaMask, enabling users to purchase BTCMTX tokens and stake them to begin earning non-tradable mining credits.

These credits can be redeemed for actual cloud mining power to generate BTC, providing investors with a transparent and user-friendly mining experience.

Hurry Before Time Is Up

BTCMTX coins are available at a current price of $0.0115. This presents a favourable entry point for investors. With stage 7 being 4 days away, another price increase is imminent.

The project offers an enticing opportunity for early investors seeking exposure to a novel mining approach that has garnered substantial attention during the pre-sale phase.

As Bitcoin Minetrix gains traction, it remains poised as a leading altcoin to monitor closely in the ever-evolving cryptocurrency landscape, boasting significant growth potential in the foreseeable future. As the Cardano price faces the risk of a correction, Bitcoin Minetrix stands out as a good investment alternative.

Visit here to be part of the pre-sale.