Dogecoin spin-off token XDOGE has bolted to new highs following a sensational +500% breakout pump, yet, amid the huge rally another little known crypto is flying high at presale stage following Bitcoin’s resurgence.
Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO bot, MOONEY, OGGY, REFUND, DRS and AICGFI.
— 0xEgg.eth (@0x6666667) October 30, 2023
The significant upside move can be partially explained by a huge surge of interest from Chinese DEX traders, with this specific $XDOGE token doing rounds on Chinese ‘alpha’ groups.
XDOGE Price Analysis: Will Impressive Technical Structure Hold Out?
As $XDOGE price action rockets up, XDoge is currently trading at a market price of $0.002351 (representing a 24-hour change of +336%).
The substantial upside move was triggered at 5AM on October 30, following a -73% retracement bleed-out since October 22.
Launching out of the rock-bottom price level above $0.0002, the first 9-hours of aggressive rallying saw $XDOGE price action grind up to the prior all-time high at $0.0007325.
With historic resistance crumbling in face of the sudden influx of Chinese traders, $XDOGE price hammered up a further +197% to a first-leg rally high at $0.0021.
At this stage, in typical fashion early backers took profit triggering a sudden -53% retracement move, however, this established a strong level of lower support at $0.00099.
Impressive footing here saw price accelerate back up the chart, amid a 24-hour influx of $843k in volume – in a high octane +138% move that smashed the previous all-time high.
Now battling to push up further at the new all-time high of $0.002374, buy-pressure remains a strong force on XDOGE price action – representing 64% of transactions over the past hour.
And with an impressive liquidity lock of $448.92k, in the midst of a bullish pendant pattern – current technical posturing remains bullish and strong.
However, with a $9.12m market cap – this now represents a make-or-break moment for $XDOGE – will it join the ranks of top trending meme coins like Wall Street Memes ($WSM) which has made it big with an 8-digit market cap at $41m?
A similar move could leave XDOGE with a further 4x return from here, yet, this is highly dependent on a viral marketing campaign – something significantly lacking for this low-key coin.
But while DEX traders are speculating about possible upside moves, investors are flocking to certainty with the Bitcoin Minetrix presale – which is flourishing following Bitcoin’s recent resurgence.
As Bitcoin Consolidates, Beta Plays like Bitcoin Minetrix are Flourishing in Explosive Presale Growth
Dive into the innovative world of Bitcoin Minetrix and its pioneering stake-to-mine system – as the skyrocketing presale smashes +$2,835,375 raised.
Offering an enticing 1224% Staking APY, Bitcoin Minetrix provides a platform where users can buy, stake, and then watch as the rewards start accumulating.
The true essence of passive income in the crypto world has never been this accessible.
Another great milestone unlocked by #BitcoinMinetrix!
More than $2,800,000 raised! 🪙 pic.twitter.com/PoH28Wjd7x
— Bitcoinminetrix (@bitcoinminetrix) October 31, 2023
With the Bitcoin Minetrix approach, gone are the days of heavy initial capital and navigating complex mining contracts.
Bitcoin Minetrix Approaches $3M Raised as Traders Rally Against Bitcoin Mining Centralization
No longer the mainstay of basement ASICs, Bitcoin mining is now a multi-billion dollar industry, but with the success of Bitcoin mining centers comes the challenge of increased centralization.
Indeed, with just two mining pools (Foundry USA and Antpool) representing 57.5% of the Bitcoin network hashrate, mining centralization is desperately in need of modern solutions to ensure long-term network security.
This is where the magic of Bitcoin Minetrix comes into play, with Bitcoin cloud mining offering the opportunity for everyday investors to claim their slice of the pie – while bolstering Bitcoin’s network security.
All interested parties have to do is buy $BTCMTX tokens in presale and stake them to earn cloud mining credits, with Bitcoin Minetrix’s automated system handling the heavy work.
In effect, this means no more expensive barriers to entry such as costly hardware requirements, or complicated technical understandings – simply buy, stake, and earn to unlock the benefits of Bitcoin mining rewards.
Key Highlights of the BTCMTX Advantage:
- Distinctive Edge in the Market: In an industry filled with numerous cloud mining platforms, Bitcoin Minetrix carves a niche for itself. As the first-ever tokenized Bitcoin cloud mining initiative, it offers an automated system that’s geared for cloud-based Bitcoin mining, setting a new standard for the industry.
- Safety First with Ethereum Blockchain: Bitcoin Minetrix operates on the tried and trusted Ethereum blockchain. This ensures top-notch security and reliability, allowing users to sidestep the risks associated with external mining pools, and offering a safeguard against potential fraudulent cloud mining services.
- Championing True Decentralization: At its core, Bitcoin Minetrix upholds the ethos of decentralization. In an age where centralization often introduces vulnerabilities, Bitcoin Minetrix breaks the mould, redistributing mining profits from big corporations to individual retail investors through its novel Stake-to-Mine system.
- Tapping into the Bitcoin Halving Opportunity: Perfectly poised to make the most of the upcoming Bitcoin halving, Bitcoin Minetrix provides investors with a golden opportunity. The impending halving might seem daunting for miners due to reduced block rewards, but historically, such events have driven up Bitcoin’s value. Bitcoin Minetrix provides a platform for investors to tap into this potential surge, sans the associated capital risks.
- The BTCMTX Presale Opportunity: The ongoing BTCMTX presale has already garnered significant interest, with over $2,835,375 raised towards its $3M goal. At a competitive price of just $0.0111 per token, early investors have a unique chance to be at the forefront of this stake-to-mine evolution.
In sum, Bitcoin Minetrix is set to redefine the Bitcoin landscape, with its innovative methodologies, stringent security measures, and the vast potential of its stake-to-mine mechanism, it beckons as a lucrative opportunity for early bird investors.
Secure your position in this transformative journey by joining the BTCMTX presale 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 of your capital.