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The Terra price has pumped 8% in the last 24 hours as the token traded at $0.796 as of 1:00 a.m. EST.
This comes hours after the Terra Delegation Committee (TDC) was officially established to oversee the strategic staking of LUNA received by Terraform Labs (TFL) through the TFL Community Grant. Comprising an initial committee of 11 members, the TDC will be pivotal in distributing 125 million LUNA over five years, with a one-year cliff.
2/11 The TDC was formed to act as an independent community committee, staking a portion of the $LUNA received from the TFL Community Grant across various Terra validators based on established criteria.
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) December 1, 2023
Terra Price Prediction
Looking at 2-hour LUNA/USD charts, we see a bullish engulfing candle stick patterns forming, showing bullish momentum on the Terra price. The MACD is also moving in the green zone as the Relative Strength Index indicator moves upward, approaching a shift into the overbought region.
The 50-period moving average has also exceeded the 200-period moving average, forming a golden cross. This shows mounting buying pressure as a break past the $0.9 resistance level approaches.
The Terra price is volatile, as shown by the Bollinger bands, which are far apart. This results from increased trading activities that have seen LUNA’s trading volume jump by 128% within the last 24 hours.
Meanwhile, as the Terra price looks to continue pumping, Bitcoin Minetrix is still making waves with its BTCMTX presale as more investors flock to the coin. The presale has now surged past the $4.6 million mark, demonstrating massive investor confidence in the project.
Terra Price Prediction: Is Bitcoin Minetrix’s BTCMTX A Better Alternative?
Bitcoin Minetrix (BTCMTX) is an innovative project that’s captivating cloud mining enthusiasts.
At the remarkably affordable token price of $0.012, the current presale round ends in a little less than five days, after which there will be a price hike.
Bitcoin Minetrix endeavors to redefine the landscape of Bitcoin mining, simplifying and reducing its cost. By staking BTCMTX tokens, users stand to earn mining credits for Bitcoin, providing a seamless avenue for exchange.
Traditionally, Bitcoin mining posed formidable challenges for the average individual. However, the BTCMTX cryptocurrency and its accompanying platform act as equalizers, democratizing access to Bitcoin mining for all.
Through staking BTCMTX, investors gain credits for enhanced Bitcoin mining, fostering inclusivity across varying financial capacities and technological expertise levels.
Considering the Lock-in Period for #BitcoinMinetrix vs Traditional Cloud Mining:#BTCMTX: Variable dependent on staking. ⏳
Traditional Cloud Mining: Fixed timeframe. 🔒#Crypto #Web3 pic.twitter.com/GdHcPbOwiv
— Bitcoinminetrix (@bitcoinminetrix) October 22, 2023
The BTCMTX project not only levels the playing field but also addresses prevalent concerns regarding the reliability of cloud mining and the pervasive issue of fraud in the sector. The platform’s commitment to transparency and security has established its reputation for reliability.
Seamless Integration With Ethereum-Compatible Wallets
Ensuring user convenience, BTCMTX tokens can be effortlessly purchased and staked throughout the ecosystem using Ethereum-compatible wallets such as MetaMask.
This integration enhances accessibility and user experience within the BTCMTX network. Prominent experts and influencers in the space, like Jacob Bury, have deemed the project a wonderful investment.
Miners leveraging the BTCMTX platform can amplify their returns by staking tokens, earning valuable credits for additional Bitcoin mining.
This cloud-based approach eliminates challenges associated with physical mining gear, such as overheating, noise, and technical complexity, providing a dependable alternative to traditional cloud mining platforms.
So, as you watch out for the Terra price, remember to check out Bitcoin Minetrix. Visit Bitcoin Minetrix here.
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