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In the wake of Bitcoin Minetrix’s (BTCMTX) pre-sale, the crypto world could see another big rally as SPX6900 (SPX), amid a volatile market, raises hopes of a 100% price surge. The token continues to showcase excellent potential from its latest stats, bringing speculations of a looming rally. As of October 12, 5:30 am EST, SPX was trading 8% above its previous 24-hour charts as per stats from CoinMarketCap, with a spot price of $0.01097.
SPX6900 Market Overview
Looking at SPX6900 against Wrapped Ether 12-hour charts, we find that the 25-day moving average has exceeded the 50-day moving average to form a golden cross, indicating buying pressure on SPX. This shows the potential of bulls to drive the token to over $0.023 soon, representing an increase of over 100% from its current price.
The Bollinger Bands are far from each other, showing high volatility levels. The levels will likely remain high due to the mounting buying pressure on the token. The RSI, currently at 54, could return to the overbought region should the bulls maintain the 40 support level. The MACD indicator also moves towards the neutral line as bearishness wears off, signaling a bull run in the coming days.
Meanwhile, as investors keep their eyes on SPX6900, Bitcoin Minetrix (BTCMTX) is still at it, with stage two being three days away. Barely 24 hours ago, Bitcoin Minetrix achieved $1 Million in funding, showing great investor confidence. But why should you have your trust in Bitcoin Minetrix?
Only 4 days remaining of Stage 1! 🕒🚀 pic.twitter.com/3Ul2knHgoe
— Bitcoinminetrix (@bitcoinminetrix) October 11, 2023
Bitcoin Minetrix’s Roadmap
BTCMTX’s pre-sale is meant to raise the funds required to fuel marketing endeavors and initiate cloud mining operations. This initial step ensures a solid financial foundation, setting the stage for the project’s future successes.
With 35% of the total BTCMTX tokens allocated to marketing, Phase 2 focuses on expanding the project’s reach and fostering growth. The third phase is aimed to engage and reward community members who support the project’s development. This will help in fostering a sense of belonging and shared success.
The final phase is dedicated to BTCMTX staking rewards until the Bitcoin Minetrix cloud mining platform fully develops. A 7.5% allocation of tokens will ensure that those who contribute to the project’s success are duly recognized.
Token Allocation
Let’s take a look at Bitcoin Minetrix’s token allocation and utility:
- Bitcoin Mining (42.5%): 1.7 billion tokens are reserved to finance Bitcoin mining operations, bolstering the project’s core functionality.
- Marketing (35%): With 1.4 billion tokens at its disposal, the marketing phase is well-equipped to raise the project’s profile and attract a global audience.
- Community Rewards (15%): A generous allocation of 600 million tokens demonstrates the project’s commitment to its community. This creates an environment where active involvement is appreciated and rewarded.
- Staking (7.5%) A strategic reserve of 300 million tokens is allocated for staking rewards. This ensures that contributors are acknowledged as they help take the Bitcoin Minetrix platform to new heights.
Bitcoin Minetrix’s Stake-to-Mine
While SPX6900 might be a good investment opportunity, Bitcoin Minetrix’s stake-to-mine concept is paving the way for a more inclusive Bitcoin mining experience, rekindling the interest of everyday crypto lovers. To participate, users require an Ethereum-compatible wallet, such as MetaMask, to acquire and stake BTCMTX tokens on the Bitcoin Minetrix platform. As a unique feature, credits earned through the staking of BTCMTX, an ERC-20 token with no trading capability, are seamlessly converted into Bitcoin cloud mining power. This is achieved through the deliberate burning of these tokens.
This innovative approach promises to democratize Bitcoin mining, offering accessibility and engagement to a broader crypto community. Bitcoin Minetrix’s roadmap also embodies a clear and well-structured plan for project success and utilizing BTCMTX tokens to achieve its goals.
However, caution is advised amid all the pre-sale hype, as fraudsters are looking to exploit it. Bitcoin Minetrix warns against divulging sensitive data and encourages users to report suspicious accounts promptly.
Alert on #BitcoinMinetrix Scams! ⚠️
Always keep these in mind:
🔒 Validate information from legitimate sources.
❌ Avoid divulging sensitive data.
👀 Report suspicious accounts promptly.#CryptoSecurity pic.twitter.com/FYqwUmmxXU— Bitcoinminetrix (@bitcoinminetrix) October 11, 2023
As you eye on SPX6900, remember not to miss out on the fulfillment of each roadmap phase, as you stand an earning chance at the pre-sale.
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