Request Token Surges 55% as Traders Stream In

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Request (REQ) price is on the move despite the crypto market being caught up in a bearish wave led by Bitcoin (BTC), Ethereum (ETH), and XRP. REQ, the token known for powering the Ethereum-based decentralized payment system where anyone can request a payment and receive money through secure means, has increased by 55% in 24 hours to trade at $0.096 on Wednesday.

Request Price Bullish As Bitcoin Minetrix Presale Hits New Milestone

As the Request price soars, investors are also piquing interest in other up-and-coming crypto projects, with the potential to boost crypto portfolios in the next bull run.

Big News 📢#BitcoinMinetrix has raised over $1,000,000! pic.twitter.com/LYmTgxfH51

— Bitcoinminetrix (@bitcoinminetrix) October 11, 2023

Bitcoin Minetrix is a crypto project making Bitcoin (BTC) mining accessible to all and without the risk of third-party cloud mining scams. The network’s native token, BTCMTX, is being rolled out via a fast-selling presale.

Investors can stake the tokens they buy in the presale to start earning credits, which would be used to mine BTC. Currently, $0.011 buys 1 BTCMTX token, but interested investors must hurry before the price shoots.

Before we delve into the revolutionary Bitcoin Minetrix ecosystem, Traders and investors have shifted their attention to Request as crypto prices wobble. The token’s trading volume soared by more than 220x to $114 million, ranking #23 among other cryptos.

Meanwhile, the Request price holds above one of the crucial bull market indicators, the 50-week Exponential Moving Average (EMA) after correcting from an eight-month high of $0.12.

A buy signal from the Moving Average Convergence Divergence (MACD) reinforces the bullish outlook. However, to sustain the uptrend, the Request price must push above the falling trendline on the weekly chart and secure higher support above the 100-week EMA and the 200-week EMA.

request price chart — REQ/USD weekly chart | Tradingview

Although slightly bullish on the daily chart, the technical outlook reveals an overbought token. In other words, REQ is on the cusp of a reversal. The high influx of traders could also put the accrued gains at risk as profit-booking activities increase.

Immediate support would be anticipated at $0.09, but investors should start acclimatizing to a more extended correction if declines intensify and overwhelm the bulls. The 200-day EMA, currently holding at $0.0787, and the 100-day EMA at $0.0710 are in line to help absorb the selling pressure ahead of the next breakout.

Request System Update Triggers Interest In REQ

In early October, the engineering team at Request announced that it had started using GitHub Projects to enhance “transparency and searchability while streamlining collaboration.” The network anticipates that the vigorous filtering options and the invaluable integration with GitHub Issues will help the network keep track of its progress.

Our engineering team is now using @github Projects 🎉 This move enhances transparency and searchability while streamlining our collaboration. With robust filtering options and valuable integration with GitHub Issues, we’re confident it’s now easier than ever to keep track of our… pic.twitter.com/gt8ENgRAaX

— Request Network (@RequestNetwork) October 2, 2023

Request committed to building and supporting developer communities using competitions and hackathons, such as the recently concluded ETHRome. Partnerships have also been at the core of the Request Network, for example, the collaboration with Flock, a Web3 and AI platform advancing decentralization and machine learning.

“The partnership between FLock and Request Network aims to harness the wealth of invoice data processed through the Request Network protocol to develop under-collateralized lending,” Request said in a blog post. “FLock’s technology resolves the credit score conundrum by issuing soulbound tokens (SBT) linked to real-world IDs and implementing a hybrid credit score process using machine learning.”

Bitcoin Minetrix – The Future of Bitcoin (BTC) Mining

Mining Bitcoin poses significant challenges, especially to individual investors who are forced to join third-party cloud mining platforms due to the lack of the required equipment. Unfortunately, scams have infiltrated the sector, leading to unimaginable losses and reduced profits due to the fees and operating costs charged.

Bitcoin Minetrix solves these problems and many others with the stake-to-mine process. This will significantly increase accessibility and eliminate the need to buy cash contracts from big mining firms. This new project “strives to eliminate skepticism surrounding cloud mining.

Navigating the #Crypto sphere alongside #BitcoinMinetrix! 🌐

Cloud mining = Cost efficiency!

Bid farewell to increased electricity bills and hardware needs.

Mining made simple. pic.twitter.com/fC1yuNJDVO

— Bitcoinminetrix (@bitcoinminetrix) October 10, 2023

How Bitcoin Minetrix Works

The ecosystem is powered by the BTCMTX token stakable in an Ethereum smart contract. After purchasing the tokens, users can stake the tokens in the smart contract to earn mining credits as rewards after purchasing them. These redeemable credits can be swapped for the power used to mine BTC.

Bitcoin Minetrix is raising money in the presale that has crossed above the $1 million mark. The team is looking forward to raising as much as $15 million by selling BTCMTX tokens at various price points. Hence, the reason to buy within the next four days when 1 BTCMTX token is selling for $0.011.

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