Gas Inflates by 23% Today; Could Bitcoin Minetrix be the Next to Ignite Interest?

Updated: 24 October 2023

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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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The Gas token price is pumping hard, recording a 40% surge in the last 24 hours based on CoinMarketCap data. This comes alongside a remarkable growth in trading volume, with data showing an almost 1,800% increase.

This has the GAS token trending, with a strong position as a top gainer on the Binance exchange.

🚨 TOP 8 | Trading Data ON BINANCE Change In the Last 24 Hours📈

🔸 Hot Coin:#BNB #BTC #ETH #SOL #LINK #TRB #MATIC #XRP

🔸 Top Gainers:#GAS #RIF #GFT #LINK #AGLD #PEPE #FTM #AAVE

🔸Top Losers:#BOND #ARDR #STEEM #ICX #STRAX #LQTY #POLYX #WAXP pic.twitter.com/UP84PYQKPm

— CryptoResearch (@CryptoRResearch) October 23, 2023

Meanwhile, perpetual traders are raking in significant profits, taking long positions on GAS token price.

$GAS LONGED

LEV 12X
MARGIN 41$+
QTY 138 #GAS pic.twitter.com/GAVFZZKV3e

— HJ MAJEED (@hj_majeed7) October 23, 2023

While Gas price surges, skeptics remain cautious, with some anticipating a strong correction in the next few days. Citing one user on Crypto X:

Although the new high has brought the technical side back on track, the script is also going step by step. If there is good news today, there should be more good news tomorrow. Continuous good news is a danger signal. The estimated time is between the 24th and 27th, and the correction will begin. Yesterday, the swing currencies that were opened today were slowly being sold out.

虽然新高让技术面回归正轨，剧本也是按部就班的在走，今天出利好，明天应该还有利好出来，利好不断就是危险信号，预估时间就在24-27日之间，开始回调。昨天，今天建仓的波段币种已经慢慢在出掉。卖出的主要币种有 #WLD，#GAS，#GFT，#APT，#LINK。#Auction 和 #UNI 还在车上。 https://t.co/Int8orRsMo

— 幣財熊貓 (@008tian) October 23, 2023

Gas Price Prediction As GAS Token Pumps Hard

After almost 48% gains, the Gas token price is attempting to reclaim the July 29 high of $4.230. This forms the expanse of the market range in this analysis, with the Fibonacci retracement extending from a low of $2.022 to $4.233.

The price faced a rejection from the 71% Fibonacci at $3.581. Increased buying pressure could see GAS token price foray into the $4.000 psychological level. In a highly bullish case, the gains could see the cryptocurrency tag the range high at $4.230, around 25% above current levels.

The Relative Strength Index (RSI) remains northbound, with a strong price strength of 85. The Gas token’s price could still rise as long as the trajectory remains up. Significantly, the Awesome Oscillator (AO) had just flipped positive after a steady streak of green histogram bars. This shows that the bulls are bringing in more push and influence in the market.

GAS price — TradingView: GAS/USDT 1-day chart

Conversely, a rejection from the 71% Fibonacci at $3.581, likely triggered by the profit booking, could see the Gas token price pull back to the $50% Fibonacci at $3.127. In the dire case, the price could retrace to the 23.6% Fibonacci at $2.543.

Meanwhile, attention has shifted to BTCMTX as investors look to ride on the spot Bitcoin exchange-traded fund (ETF) mania.

GAS Token Alternative

BTCMTX is the powering token for the Bitcoin Minetrix ecosystem, offering investors a chance to own Bitcoin (BTC). Enlightened investors are flocking to this new stake to mine crypto presale for a chance to become BTC owners.

The project is touted as a tokenized cloud-mining platform where even ordinary folk can mine BTC in a decentralized fashion. It has decentralized and tokenized the Bitcoin mining process, eliminating scam-related challenges. It also spares interested BTC miners from the hassle of buying expensive hardware, paying for the ample space required, and enduring the heat.

What #BitcoinMinetrix brings to the table:

Ease of entry 🚪

Cost efficiency 💵

No need for large spaces and no noise 🔇

No resale worries 😌 pic.twitter.com/CGenMwjFS6

— Bitcoinminetrix (@bitcoinminetrix) October 23, 2023

The project is in the third stage, after successful first and second stages as tokens sold out. Stage 3 will continue for the next five days, with the countdown already started. Join the community of forward-thinking investors already buying BTCMTX at early-entrant rates of $0.0112 using Ethereum (ETH), Tether (USDT) stablecoin, and bankcard.

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

— Bitcoinminetrix (@bitcoinminetrix) October 23, 2023

The project is in the presale stage, with almost $2.20 million already in the bag as the collections near the $3.101 million target of stage three. You can take advantage of our Bitcoin Minetrix Price Prediction to know more about the potential of the token.

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

— Bitcoinminetrix (@bitcoinminetrix) October 23, 2023

It is imperative to note that Bitcoin Minetrix features among the top three ICOs to buy in October 2023, alongside Meme Kombat and TG.Casino. Recently, the Cryptonews.com YouTube channel reviewed these three trending coins, indicating that each had significant potential to yield high returns for investors.

Visit Bitcoin Minetrix to buy BTCMTX here at early-entrant rates.