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Pioneering developments in its Layer-2 decentralized exchange (DEX) have attributed a 19% increase to the Injective Protocol (INJ).
This increase allows investors to recoup some losses suffered during the bear market.
woke up. checked price. good price.
GM $INJ pic.twitter.com/RMmmoKoLyT
— Injective Creatures (@INJcreatures) October 24, 2023
INJ, with a market capitalization of approximately $1.06 billion, is currently trading at $12.68, indicating a substantial 23.8% increase in the past 24 hours, as of 8:34 a.m. EST.
Bulls might face Rejection at $12.06 Resistance
INJ’s price has significantly recovered, bouncing strongly from the support zone at $7.47. This rebound signals the potential continuation of a bullish trend, providing the necessary momentum for the bulls to aim for breaching the resistance point at $12.6.
The price of INJ is experiencing a bounce on both the 50-day and 200-day moving averages, contributing to the positive price momentum. This support has boosted the confidence of bullish investors, driving the price towards the $12.6 resistance level.
Furthermore, the Relative Strength Index (RSI) has surged from 50, crossing the overbought threshold of 70, to settle at 91, signifying intense buying pressure. Nonetheless, the momentum might undergo a correction before the bulls regain control.
The general trend for INJ continues to be positive, evident in the alignment of the simple moving averages and the RSI. This favorable configuration drives the bulls to aim for a new peak at $15.
Nevertheless, it’s crucial to be aware that the $12.6 mark may attract bearish activity, which could lead to a price decrease of $10.1. Should such a decline occur, buyers may discover support around the $8.2 mark.
Did you miss out on the INJ surge? BTCMTX now offers an enticing opportunity with its presale project and stake-to-mine capabilities, positioning itself as a potential alternative to BFC.
Last Call Buy BTCMTX, Stake to Earn Rewards
The BTCMTX presale has attracted substantial attention from investors, as evidenced by the rapidly growing presale funding. In Stage 3, funds have reached an impressive $2,200,411.58, and this stage will conclude in less than 3 days.
#BitcoinMinetrix is now in Stage 3! 🔥 pic.twitter.com/Od4Syqx7EA
— Bitcoinminetrix (@bitcoinminetrix) October 23, 2023
To reach a $15 million hard cap in the presale, BTCMTX has set a soft cap of $ 3.1 million, and each token during this presale stage is available for purchase at $0.0112. However, this price will gradually increase in subsequent stages, ultimately reaching $0.0119 in the final stage.
Funds raised from the presale will be allocated for launching the Bitcoin Minetrix platform, promoting tokens, establishing a cloud mining facility, and securing a long-term lease for such a facility.
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
Participants in the stake-to-mine program will earn a high Annual Percentage Yield (APY) of up to 267%. This unique feature combines cloud mining and token staking, with 155 million tokens actively staked.
Acquiring and staking BTCMTX tokens to earn credits for cloud mining is a straightforward process, allowing you to exchange these credits for hash power. This decentralized approach prioritizes user security and transparency in the mining experience.
Join the $30000 Minedrop Competition
The BTCMTX $30,000 Minedrop airdrop competition presents an exciting opportunity that could award you a chance to win $3,000 worth of BTCMTX tokens among ten lucky winners.
Satoshi Staker has recently highlighted the impressive achievements of the BTCMTX project on his YouTube channel.
Visit the BTCMTX token website, connect your Web3 wallet, and exchange your USDT, ETH, or BNB for the tokens. Alternatively, you can make a direct purchase using a bank card.
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