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Lybra (LBR) experienced a remarkable 20% daily surge, drawing significant attention from the investor community.
The token is currently trading at $1.09, marking a 4% rise over the past 24 hours as of 11:08 a.m. EST.
According to data from coingecko.com, the token’s trading volume has shown impressive performance, with a 44% increase in the past 24 hours. This has reached $2.5 million.
Lybra LBR Bulls Could Propel the Price Higher
The lower boundary of the falling wedge saw a surge in LBR price following a prolonged downward trend. This was because the bulls took control and propelled it past the wedge’s upper boundary.
The falling wedge pattern suggests a bullish breakout. This shows that Lybra LBR bulls can drive the price even higher, allowing them to recover their losses gradually.
The relative strength index (RSI) further supports bullish sentiment, currently trading at 77, showing intense buying pressure. If the momentum continues, the RSI could maintain bullish sentiment above the overbought region of 70.
The 50-day and 200-day moving averages also support the bulls for Lybra LBR. The 50-day moving average also supports the LBR price. LBR maintains a bullish bias, backed by a falling wedge pattern. The bulls could propel the price towards $1.35 and $1.55 resistance levels.
However, if the bears push the price lower, a candlestick opening below the 50-day moving average could encourage the bulls to retreat toward the support level of $1.09.
The BTCMTX presale project introduces a groundbreaking concept: the world’s first ERC-20 token that utilizes staking for mining, ensuring investors receive guaranteed returns.
BTCMTX Presale Surpasses $200,000 with Strong Investor Interest
The Bitcoin Minetrix (BTCMTX) presale has reached a significant milestone, surpassing $200,000 in funds raised. The platform has generated an impressive $207,213 since the presale launch, demonstrating substantial interest from the market in its potential offerings. Early investors can gain $BTCMTX tokens at an attractive price of $0.011 during the presale.
🏆 #BitcoinMinetrix has hit another milestone!
We've successfully raised more than $200,000. pic.twitter.com/X8mXM0COS2
— Bitcoinminetrix (@bitcoinminetrix) September 29, 2023
The presale comprises 10 stages, each raising the token price by 10% starting at Stage 2.
The project has a maximum coin supply of 4 billion, with 70% (2.8 billion) available to presale investors. The project is set at a soft cap of $15.6 million and a hard cap of $32 million.
BTCMTX Stake to Mine Passive Income
The BTCMTX platform allows earning Bitcoin through token staking. The staking pool has gained significant adoption, with over 5 million $BTCMTX tokens staked within it.
The stake-to-mine concept is an innovative idea 💡
Making #Bitcoin mining achievable for all #Crypto enthusiasts and here's why.
Users of #BitcoinMinetrix require nothing more than an Ethereum-compatible wallet, such as #MetaMask, making things incredibly straightforward. pic.twitter.com/XTNKtrJn9R
— Bitcoinminetrix (@bitcoinminetrix) September 29, 2023
BTCMTX tokens enable passive token generation through staking. It generates 158.5 tokens per ETH block, producing an impressive annual percentage yield (APY) of 4842%.
However, this APY may gradually decrease as more tokens are locked into the pool. Presently, over 8.6 million BTCMTX tokens have been staked.
You can stake their $BTCMTX tokens within an Ethereum-based smart contract to gain access to Bitcoin cloud mining. Acquiring and staking $BTCMTX tokens allows individuals to get cloud mining credits to access hashing power.
Welcome to #BitcoinMinetrix! 🪙
Decentralized $BTC mining made simple. We're revolutionizing cloud mining with $BTCMTX tokens, ensuring security and transparency.
Making it easier than ever. pic.twitter.com/iZPJN5GO8O
— Bitcoinminetrix (@bitcoinminetrix) September 26, 2023
This decentralized approach ensures the security of users’ holdings on the platform, delivering a transparent and secure mining experience. Cloud mining credits gained through $BTCMTX token staking are ERC-20 tokens that cannot be transferred.
As excitement around the coin continues to grow, Michael Wrubel, a well-known crypto influencer on YouTube, is already bullish on this presale and predicts a 100X return on investment.
Users must redeem these secondary tokens by ‘burning’ to access BTC cloud mining time or mining rewards. Keeping these credits non-tradable enhances the tokens’ security and integrity.
Interested individuals can gain $BTCMTC tokens with a minimum purchase of just $10. Payment options include ETH, BNB, USDT, or bank cards.
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