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Origin Protocol (OGN), an innovative platform, has taken a firm aim at revolutionizing the e-commerce landscape, utilizing the potential of decentralized technology to reshape the future of trade and transactions.
🗓 Join us next Monday at 6 pm ET!
We'll be chatting with builders from @SushiSwap, @bobanetwork, @Popcorn_DAO, @Footprint_Data, and others about what's being built in the bear market.
RSVP in 🧵 pic.twitter.com/RSgVOu68Ur
— Origin DeFi (@OriginDeFi) October 12, 2023
Recently, the Origin Protocol has garnered increased attention from buyers as its price surged to a new high of $0.20. The bullish momentum appears to be continuing, with a growing number of buyers entering the market at the $0.08 support level, potentially with the goal of surpassing the $0.20 mark.
Although it faced a minor setback resulting in a slight decline, OGN has shown resilience by recording a 0.4% increase in the last 24 hours, bringing its trading price to $0.119.
The daily trading volume has also surged to $52 million, reflecting a substantial 122% gain.
Despite persistent bearish pressure, the OGN price has demonstrated resilience by rebounding from the $0.06 support level. This support zone has held firm, allowing the bulls to increase prices.
However, the $0.20 level has acted as a barrier, limiting further profit gains for the bulls. Sellers have taken advantage of this, resulting in a long wick on the bullish candlestick and subsequent bearish candlesticks, pushing the price down to $0.11, which has remained stable for several days.
This support zone at $0.11 may catalyze to empower the buyers once more, allowing them to regain lost ground.
Additionally, the daily simple moving averages of 50 and 200 have shown a crossover at $0.097, further supporting the bullish sentiment in the OGN price. These moving averages are positioned below the price, reinforcing the bullish trend.
The relative strength index (RSI) indicates a rebound around the 50 level, suggesting a neutral position for the OGN price. If the bullish momentum in the RSI continues, there is potential for the RSI to surge above the 70 level, signifying a strong bullish trend.
Can OGN Sustain The Bullish Momentum?
OGN currently exhibits a generally bullish bias, with indicators like the RSI and moving averages supporting this sentiment. There is potential for OGN to maintain its upward momentum, as it has recently established a higher low in a key support zone. This development could encourage the bulls to target the previous resistance level at $0.20 and potentially achieve new all-time highs.
However, if sellers take advantage of a reversal at the $0.20 mark, a candlestick opening below $0.11 could trigger a downward movement, possibly leading to a retest of the $0.08 support zone.
It is possible to re-enter $OGN this way. This could pay off if we have a strong reversal. #OGN #OGNUSDT #OriginProtocol pic.twitter.com/EyCbFS89v9
— Tryrex (@Tryrexcrypto) October 17, 2023
In the meantime, investors must watch the BTCMTX presale, which has been performing exceptionally well, surpassing more than half its soft cap. With its unique stake-to-mine feature and enticing competition rewards, BTCMTX might emerge as a compelling alternative to OGN.
BTCMTX Presale Aiming for $3.094 Million Soft Cap, Buy Fast
The BTCMTX presale has raised an impressive $1,650,775.06 in funding, exceeding half its $3.094 million soft cap. Currently, at stage 2, each token is valued at $0.011, and it is set that the token’s value will continue to rise as the presale advances to the subsequent stage.
Witness #BitcoinMinetrix achieving another remarkable milestone!
More than $1,600,000 raised!🪙 pic.twitter.com/yyrHTMRQz2
— Bitcoinminetrix (@bitcoinminetrix) October 17, 2023
The BTCMTX project has set a hard cap of $15 million, and the presale is a key part of the fundraising efforts to reach this goal. Investors in the presale will have the opportunity to acquire up to 77.5% of the total token supply.
Additionally, 22.5% of the tokens have been allocated for community projects and staking rewards, fostering community engagement and ensuring the stability of the token.
The funds collected during the presale will be used to launch the Bitcoin Minetrix platform and promote the token, establish a cloud mining facility, or secure a long-term lease for such a facility.
Become a BTCMTX Miner with Stake to Earn
By engaging in BTCMTX’s stake-to-mine program, you can seize the chance to attain a substantial annual percentage yield (APY). This unique stake-to-mine feature combines cloud mining and token staking, offering an impressive APY of 354% with 117 million tokens actively staked.
Exploring the mining process of $BTC with #BitcoinMinetrix! ⚒#Cloudmining unlocks a direct path to #Crypto:
✨ Easy entry for beginners
💵 Cost-effective with zero hardware expenses
🌆 No worries about space, noise, or overheating
🚀 Simple upgrades pic.twitter.com/unhHqpWHw2— Bitcoinminetrix (@bitcoinminetrix) October 16, 2023
Obtaining and staking BTCMTX tokens to earn credits for cloud mining is a straightforward process, enabling you to trade these credits for hash power. This decentralized approach protects users’ interests, providing a transparent and secure mining experience.
🎉 #BitcoinMinetrix $30,000 Minedrop Is Now Live! 🎉
Get ready for your chance to win a share of $30,000 in $BTCMTX!
Follow the steps in the link below for the chance to win one of ten $3,000 $BTCMTX Prizes! 💰
➡️ https://t.co/v1UKskxi4Y pic.twitter.com/nseOBTNO9N— Bitcoinminetrix (@bitcoinminetrix) October 5, 2023
Moreover, by participating in the BTCMTX Minedrop Competition, you can win $3,000 worth of BTCMTX tokens, as 10 lucky winners will be selected for the $30,000 airdrop prize.
Major news outlets have covered the project, confirming its hype. CryptoNews recently featured the outstanding achievements of the BTCMTX project on their YouTube channel.
To participate, you can begin by buying BTCMTX tokens. The process is straightforward. Visit the BTCMTX token website, connect your Web3 wallet, and exchange your USDT, ETH, or BNB for the tokens. Alternatively, you can also buy them directly using a bank card.
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