There are five reasons to be optimistic about the coming quarter and the year in general, crypto analyst pseudonym @bitbitcrypto argued on Twitter on Sunday.
First, he cited the fact that October is usually a strong month for Bitcoin. In fact, Bitcoin has not fallen in October since 2018.
This record of good prices in October is enough to encourage more buyers to enter the market this month, resulting in a self-fulfilling prophecy.
@bitbitcrypto then cited four bullish catalysts for 2024.
These include the early start of an interest rate cut cycle by the US Federal Reserve, the fact that it is an election year (generally strong for stocks), upcoming decisions on requests for The SEC’s Bitcoin ETF and the Bitcoin Halving.
“As we get closer, there will be more and more bullish predictions for 2024, and speculation will create massive buying pressure heading into the end of the year… More speculation, more expectations – markets move on expectations “, he argued. .
Given the above, it might not be too surprising to see Bitcoin (BTC) hit new highs for the year and move towards $40,000 this month.
That would mark a 44% jump from current levels just under $28,000.
Has this Bitcoin mining derived token been established in Sour?
While things are looking up for Bitcoin this month and into the next quarter, things are looking even better for a new Bitcoin mining derivative token called Bitcoin Minetrix ($BTCMTX).
Bitcoin Minetrix, a decentralized cloud mining platform, recently launched a pre-sale of its native $BTCMTX token and has already reached $350,000 in just a few days.
The platform is introducing an innovative new mining participation mechanism: $BTCMTX owners who stake their tokens will get mining credits.
These mining credits can be used to earn a share of Bitcoin Minetrix Bitcoin mining operations.
However, in addition to token stakers earning return in the form of cloud mining credits, $BTCMTX stakers also earn return in the form of tokens allocated by the protocol for community rewards.
According to the official bet of the project panelrewards are currently being distributed at a massive APR of over 2,000%.
Investors should move quickly to avoid missing out on these great rewards and also to get ahead of the next price hike.
When the presale reaches $3.08 million, the token price will increase from $0.011 to $0.0111, before ending the presale at $0.0119.
Get early access to the best staking coin of 2023
Its innovative approach to the tokenization of Bitcoin cloud mining to produce a return for its stakers positions $BTCMTX as one of the best staking coins of 2023.
Popular British pre-sale analyst Jacob Crypto Bury believes $BTCMTX has 10x potential.
Bitcoin Minetrix will use 42.5% of its presale proceeds to invest in Bitcoin mining, 35% for marketing, 15% for community rewards, and 7.5% for participation.
Bitcoin Minetrix is in Phase 1 of its four-part roadmap. After the pre-sale phase, the other three phases begin, which include development, launch, and mass adoption.
Although not scheduled until Phases 2 and 3, discussions with cloud providers and work on the desktop and application dashboard have already begun.
To buy the $BTCMTX token you will need ETH, USDT, BNB or a bank card. If you plan to buy with ETH, you can start betting to win right away.
Buy Bitcoin Minetrix today
Disclaimer: Crypto is a high risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.