Orbs Skyrockets With Double-Digit Gains! But the Real Gem Might Be Bitcoin Minetrix's Presale

Join Our Telegram channel to stay up to date on breaking news coverage

With popular cryptocurrencies like Bitcoin making single-digit growths in the last 24 hours, low-market altcoins like Orbs are returning double-digit gains to investors. The decentralized blockchain is getting a fair share of investors, with its $ORBS token surging by over 32% in the previous 24 hours.

The significant 24-hour growth comes off the back of a massive 104% growth in the last 7 days, causing an optimistic prediction that $ORBS will reach new highs by the end of 2023. But what are the odds considering the unexpected surge in the price of Orbs?

Orbs is a Top Gainer Despite Broader Market Conditions

One of this week’s highlights in the crypto market is the Bitcoin price reaching $28,000 after a challenging few months. However, while the world’s largest cryptocurrency has only managed a 2.5% price increase in the last 24 hours, Orbs has toppled the market with its massive 32% growth.

At the time of writing, $ORBS is trading at $0.052. Though the current price is 86% lower than its $0.36 all-time high reached in 2021, $ORBS’ massive gains within the past month cannot be overlooked.

For instance, data from CoinMarketCap shows that Orbs has rallied over 142% in the past month, and the token has sustained the momentum with a consistent price increase over the last 7 days.

But why is $ORBS’ price pumping despite the largely bearish market?

Experts believe the price pump of the low market cap crypto is an aftermath of major investors accumulating and moving the coin. According to reports from The Data Nerd, DWF Labs has been moving large amounts of $ORBS to exchanges.

DWF Labs and $ORBS – Keep pumping?$ORBS is already up by 42% today.

In a few recent cases, when the DWF Labs deposited tokens to CEX, the price quickly pumped a lot at first, but not in the long term.

Will it be different in this case?

1/

First, ORBS currently accounts for… pic.twitter.com/oI0akbnROT

— The Data Nerd (@OnchainDataNerd) October 8, 2023

The company recently moved 30 million $ORBS worth over $1.1 million to Bithumb Exchange, resulting in a cumulative deposit of over 92 million $ORBS (worth about $3 million) to centralized exchanges (CEXs) over the last 5 days.

Besides the reportedly moved tokens, the company’s $ORBS balance is about 57.6 million tokens, worth about $2.3 million. In other words, the coin movement by a major holder is causing price swings for $ORBS. So, whether the coin’s bullish trend will remain remains a big question.

However, large deposits like this can pave the way for a coin’s increase in trading volume and volatility, which will push its price up. This is evident in the recent $ORBS’ price action influenced by DWF Labs.

At the same time, such deposits can pump a token’s price for a while and eventually be corrected by a significant price dump. However, short-term investors can take advantage of the current price for potential instant gains, while long-term investors can consider Bitcoin Minetrix – a real crypto gem.

Bitcoin Minetrix Offers Long-Term Investment Opportunities

With the immediate future of the $ORBS token still uncertain, Bitcoin Minetrix provides a viable investment opportunity for risk-averse investors to position themselves for significant long-term gains.

The tokenized cloud mining platform makes Bitcoin mining accessible to the everyday crypto user through a decentralized system. With more conversations about how Bitcoin mining hardware and rigs are unsafe for the environment, Bitcoin Minetrix solves this problem with its secure and transparent cloud mining platform.

The more users Bitcoin Minetrix onboards, the lesser the need for energy-intensive mining tools affecting the environment. At the same time, the everyday crypto user, who may find Application-Specific Integrated Circuit (ASIC) Bitcoin mining hardware expensive, can opt for affordable mining plans on Bitcoin Minetrix.

On top of that, users will receive Bitcoin rewards through the platform’s stake-to-earn feature. The passive income generation model is another reason Bitcoin Minetrix is ideal for long-term investors.

Join the $BTCMTX Presale to Mine BTC

The Bitcoin Minetrix project currently has its $BTCMTX token on presale for interested investors to take advantage of its stake-to-earn feature and start getting BTC as staking rewards. The platform promises over 1,193% annual percentage yield (APY). So, you don’t need to invest in expensive mining hardware to mine Bitcoin.

Apart from its staking feature, the $BTCMTX token powers the Bitcoin Minetrix ecosystem, so you can pay your subscriptions and buy hash power with your tokens when the project officially launches.

#BitcoinMinetrix is now in Stage 2! 🎉 pic.twitter.com/mT63lX9MRP

— Bitcoinminetrix (@bitcoinminetrix) October 16, 2023

The $BTCMTX presale has raised over $1.6 million in less than a month, and the presale has now reached stage 2, with 1 $BTCMTX valued at $0.0111. Earlier investors bought the token at $0.011, so you can lock in some $BTCMTX tokens by visiting the official presale website before its price increases at the next presale stage.

Join Our Telegram channel to stay up to date on breaking news coverage