Chainlink Chains a solid 11% rise; Will Bitcoin Minetrix Forge the Next Link to Success?

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At a selling price of $10.40, Chainlink (LINK) has recorded a significant price growth of over 11% in the last 24 hours. The recent price surge has raised the token’s market capitalization to over $5.7 million.

At the same time, Chainlink currently ranks among the top 6 most-traded cryptocurrencies within the same period, resulting in optimistic Chainlink price predictions from market analysts. But why has LINK’s price been soaring, and could Bitcoin Minetrix lead the next pathway to investors’ success? We review all the details.

Whale Accumulation Creates a Chainlink Price Pump to Hit 1-Year High

While LINK’s price has increased by over 11% in the past 24 hours, the token has surged more than 35% in the past week and over 45% in the past month from the time of writing. The increase has pushed the token to its highest price in the last 1 year, which currently stands at a $10.40 trading price.

Many investors have different explanations for why Chainlink is experiencing a price surge. Some investors believe the uptrend could result from positive actions across the broader crypto market. For instance, traders can now buy Bitcoin at a new price after the coin recently hit $30K.

However, on a specific note, Chainlink’s price has increased because of the token’s whale accumulation and massive transfer of assets to South Korean exchanges like Upbit and Bithumb.

Sequel to the live launch of its Cross-Chain Interoperability Protocol (CCIP), Chainlink has become one of the market’s top gainers because of its massive bullish sentiment. But the price pump can be traced to the two leading exchanges accumulating millions of dollars worth of LINK within a few days.

In other words, many LINK whales are holding their tokens on exchanges as they continue looking for ways to make more profits after the extensive accumulation over the past few days.

Because of these new market realities, top Twitter voices like @CryptoGodJohn believe LINK investors can expect more pumps over the next few months.

$LINK / $BTC breaking out of a 1100+ day down trend on its BTC pairing with a perfect retest$LINK / USD is breaking out of a 520+ day range

All signs lead to this having a face melting pump over the next few months pic.twitter.com/9zmJ3VVM8d

— Johnny (@CryptoGodJohn) October 22, 2023

The “Strong Buy” sentiment shown by the token’s moving average, consolidated by a “Buy” pressure from the market summary indicator, also points to more bullish trends in the token’s demand. However, the “Sell” pressure from the oscillators suggests a slight price drop is imminent.

Interestingly, Bitcoin Minetrix, a new crypto token, is paving the way for more successful investments through its presale.

Bitcoin Minetrix Set to Redefine How Crypto Mining Works

At a time when investors are looking for more opportunities to diversify their portfolios, Bitcoin Minetrix is a viable consideration. The $BTCMTX token is part of the new Bitcoin Minetrix project that aims to create a simplified way to mine Bitcoin.

Through its unique stake-to-mine feature, Bitcoin Minetrix users can access crypto staking for periodic staking rewards up to 1,198% annual percentage yield (APY). However, an additional perk of staking on the cloud mining platform is its ability to allow users to burn their mining rewards for BTC.

In other words, instead of joining Bitcoin mining companies where you need to purchase hash power and lose a part of your profits to the company, Bitcoin Minetrix allows you to mine BTC yourself for more potential profit.

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

So, you don’t need any technical or crypto mining experience to get the hang of the platform. You also don’t need expensive mining tools or rigs to mine BTC and get mining rewards. The easy accessibility to crypto mining that Bitcoin Minetrix presents is one of the reasons the project has been causing waves since its presale began earlier in October.

$BTCMTX Raises Over $2 Million in Record-Time

The Bitcoin Minetrix presale has been the talk of the internet recently. At the time of writing, the presale has raised over $2 million in less than a month. The successful presale run is due to the new crypto project’s unique utility, causing a bullish wave among investors.

The presale recently entered stage 3, offering investors the opportunity to buy the token at a discounted rate of $0.0112. The token sold for $0.011 and $0.0111 during the two previous stages. So, now is the best time for investors to buy Bitcoin Minetric before its price increases in the next presale stage.

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

— Bitcoinminetrix (@bitcoinminetrix) October 23, 2023

With the $BTCMTX token proving to be one of the best cryptos to buy right now, investors can purchase and lock in their tokens in the platform’s staking pool to earn staking rewards before the full project launch.