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With the broader crypto market down and top cryptocurrencies like Bitcoin and Ethereum struggling to hit forecasted values, seasoned investors are looking toward altcoins offering decent returns on investment. Liquity (LQTY) is one of the best altcoins on the market, with excellent price potential for the future. At a price of $1.51 and a positive growth over the past 7 days, Liquity predictions across some quarters that LQTY will double in price and reach as high as $3.34 in 2024.
But the question remains whether this is possible considering the current market realities and in the middle of a groundbreaking presale causing FOMO among investors.
Short-Term Liquity Price Predictions are Positive
To determine what lies ahead in the future of LQTY, let’s look at the token’s technical and fundamental analysis. According to data from CoinMarketCap at press time, the coin is valued at $1.51, with a 4.18% price increase within the last 24 hours.
Over the past week, there has been a 38.58% increase in the price of LQTY, bringing its market capitalization up by 4.21% to reach $141 million.
The increase in the demand for Liquity is due to the project’s impressive use case and roadmap, especially its support for decentralized borrowing interest-free crypto loans. Also, the protocol has different user incentives, igniting more interest among crypto traders and investors.
Looking at the technicals, the moving averages (MA) on TradingView show a “strong buy” sentiment for LQTY among traders. The oscillators indicate a “buy” sentiment, and the overall market sentiment for Liquity is a “strong buy” within the last 24 hours.
This explains why Liquity has surged by over 80% in the past 30 days.
Liquity (LQTY) Cryptocurrency Skyrockets, Surges by Impressive +82% in Last 30 Dayshttps://t.co/iDmJ3zWVzy
— John Morgan (@johnmorganFL) October 10, 2023
Interestingly, there’s a more bullish trend for the token now than there was over the past month. If the market data is anything to go by, it’s safe to say Liquity can reach double its current value within the next few weeks, provided it sustains its current market trend.
Liquity May Reach New Highs in the Long-Term
Thinking of its long-term investment potential, Liquity’s current bullish trend and supportive price indicators show that the coin has the potential to hit new support and resistance levels. For instance, the token’s opening price one month ago was $0.774, but it has now gained over 88% to reach $1.51 per token.
With more upward breaches of new support levels, bulls can target higher prices from Liquity in 2024, 2025, and beyond.
However, another altcoin that has been gaining attention from investors is Bitcoin Minetrix. The innovative crypto project is set to revolutionize Bitcoin mining and provide investors with stake-to-earn opportunities.
Bitcoin Minetrix is Democratizing Bitcoin Mining to Drive More Crypto Adoption
Bitcoin mining is one of the ways to make money from crypto. But with the need for expensive mining hardware and sophisticated technical skills, mining Bitcoin can be challenging for the average investor.
Interestingly, Bitcoin Minetrix has hit the market with unique Bitcoin mining opportunities for investors and traders across all experience levels. Investors who join the Bitcoin Minetrix network will access a robust cloud-mining platform that allows them to stake BTCMTX – the ecosystem’s utility token.
In return, stakers will earn mining credits in the form of BTC, providing an alternative Bitcoin mining system outside the Bitcoin network.
Thanks to its unique features, including its passive income opportunities, the ongoing Bitcoin Minetrix presale is causing FOMO among investors. The presale has raised over $900,000 within a short period and is poised to hit the $1 million mark soon.
Join the BTCMTX Presale for BTC Rewards
With an ongoing presale that has caught the attention of various crypto influencers and investors alike, now is a good time for interested traders to join the Bitcoin Minetrix network. All you need to do to join the cloud mining platform is add some BTCMTX tokens to your portfolio.
You can buy the token with ETH, USDT, or BNB from the official Bitcoin Minetrix presale page for $0.011 per token before the presale progresses to the next stage and the token price increases. After claiming your tokens, you can stake them for free BTC rewards.
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