Last Friday, Binance, a prominent global cryptocurrency exchange, reintroduced Bitcoin SV (BSV) by offering a USDⓈ-M BSV Perpetual Contract featuring 50x leverage. This strategic decision resulted in a remarkable 47% upswing in the price of BSV and witnessed the liquidation of over $500,000 worth of short positions, as reported by data from Coinglass.
The price pump of BSV is truly surprising, making people wonder if they should invest in it now and if BSV is the best BTC alternative. Well, many investors believe that Bitcoin Minetrix (BTCMTX) is a much better option since it is hitting some pretty impressive goals and is likely to keep growing in the future. Let's shed some light on this intriguing situation we are witnessing now!
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Bitcoin Minetrix Offers a Secure Platform for Mining Bitcoin
Bitcoin Minetrix is bringing a transformation in the Bitcoin cloud mining arena by integrating an automated Stake-to-Mine system driven by smart contracts. Leveraging the Ethereum blockchain's capabilities in facilitating smart contracts, users can now enjoy a secure environment for staking tokens and converting them into mining hash power. This visionary approach cultivates a secure and highly efficient blockchain ecosystem, effectively addressing the constraints associated with conventional cloud mining practices.
The Bitcoin Minetrix team places paramount importance on ensuring a completely secure cloud mining experience by utilizing tokens to stabilize the ecosystem. The entire process, conducted through the blockchain, ensures the requisite security and transparency that investors demand.
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BTCMTX token plays an essential role in driving the entire system. Acquiring BTCMTX eliminates the need to purchase cash contracts from multiple mining companies, as this token is staked within an Ethereum-powered smart contract, acting as the main element that unleashes the power of the cloud mining process.
Users receive cloud mining credits upon staking their tokens, which can subsequently be converted into hash power. Importantly, these mining credits are non-transferable, ensuring the security of ownership and the legitimacy of the entire process. Consequently, users who follow this method can transfer the BTC they've mined to their wallet with ease.
Tokenizing the process of obtaining hash power provides users with full control over their funds. BTCMTX tokens can be withdrawn or traded at any moment, offering a high degree of flexibility. Notably, BTCMTX eliminates the need to send cash for the acquisition of mining contracts, with all hash power obtained through the exchange of earned mining credits. The presale of BTCMTX tokens is progressing very quickly, so if you wish to enjoy the benefits this ecosystem provides, dive in as soon as possible!
Bitcoin SV Causes Quite A Stir With Its Price Increase
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BSV's RSI (relative strength index) has surged past 80 and is approaching the 90 mark, a signal that the coin is currently in a highly overbought state. Simultaneously, its 30-day EMA (exponential moving average) has recently crossed above its 200-day MA (moving average), signaling the onset of a breakout that might extend for another day or two.
The duration of the ongoing rally's persistence is uncertain, given BSV's recent ability to breach multiple previous resistance levels in the past week, defying earlier indications of a potential peak.
Notably, the 24-hour trading volume has swelled to around $400 million over the last few days, a significant increase from the trading volume that hovered around $20 million just seven days ago. This indicates a marked upswing in market interest in this altcoin, possibly counterbalancing its underwhelming performance in the preceding months. However, even with the price pump we are witnessing, investors should be careful about investing in it now because it is not certain in which direction its price might go.
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Investing in cryptos on presale has always provided the best results, which is why investors should focus on cryptos that are already showing their potential and are at the beginning of their journey. Bitcoin Minetrix is an ecosystem that provides the security that the investors need, and since its value is likely to pump in the following months, becoming an early investor can bring the best results!
Bitcoin Minetrix Roadmap: A Glimpse of What Investors Can Expect
The Bitcoin Minetrix team aims to secure $15 million through a fair and inclusive presale, offering up to 77.5% of the total token supply. The remaining 22.5% is earmarked for community initiatives and rewarding token staking efforts. This approach is designed to encourage the community's active participation in staking BTCMTX tokens, ultimately enhancing token stability.
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The funds raised in this presale will be directed toward launching the Bitcoin Minetrix platform and supporting token marketing efforts. The overarching goal is to acquire a cloud mining facility or secure a long-term lease for such a facility, consolidating Bitcoin Minetrix's position within the industry.
The roadmap is structured into four distinct phases. The first phase is presently underway. After the presale concludes, the project team will kick off the development of desktop software and apps. Meanwhile, the details about CEX listings will become available to the investors. That will surely impact the value of BTCMTX tokens, which is expected to rise right after the first listings on reputable exchanges become official.
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During the following phase, the Stake2Mine platform will become a reality, enabling the first withdrawals of mined Bitcoin. Until the fourth phase concludes, the Bitcoin Minetrix community will surely expand along with the project team. The presale is progressing swiftly, so don't let this opportunity go to waste!
Conclusion
With BSV likely nearing the zenith of its present rally, certain traders may opt to explore newer tokens that are poised for significant upswings. Bitcoin Minetrix presents a perfect opportunity for investors to watch their investments grow. The success of its presale is showing that there is certainly a lot to look forward to, so secure your tokens in time!
