Thursday November 2, 2023 – As Bitcoin Price Stabilizes Above $35,000, Traders Rush towards alternatives to Bitcoin in search of higher returns to those of the market, thus stimulating the rapid growth of Bitcoin Minetrix, which now exceeds 3 million dollars. As the $BTCMTX presale nears the end of its Phase 4here’s why you shouldn’t miss this opportunity.
Bitcoin has experienced a solid recovery with an increase of 107.16% since the start of the year. Now that BTC stabilizes at a 17-month high above $34,000, markets are racing to find alternatives like Bitcoin Minetrix before the next recovery phase.
This dynamic comes as Bitcoin markets are invigorated by the highly anticipated (but still unconfirmed) approval Spot BTC ETFs. Indeed, BTC traders are closely monitoring the 10 Spot Bitcoin ETF applications for any signs of progress, such as ticker registrations on DTCC, the most recent being a new application from VanEck submitted on Monday, October 30.
NEW: Spot #Bitcoin ETF for Invesco and Galaxy gets the ticker $BTCO listed on the DTCC. pic.twitter.com/XvVGIvXJ6h
— Bitcoin Archive (@BTC_Archive) November 1, 2023
On-Chain Bitcoin Signals Indicate Spot Bitcoin ETF Recovery Is Different – Here’s Why
The enthusiasm around Bitcoin ETF appears to have triggered an exceptional performance of Bitcoin on the blockchain, marking a break from previous cycles.
A look at the Stablecoin Supply Ratio Oscillator (SSRO – an indicator that measures whether markets favor stablecoins or Bitcoin) reveals a new record of 4.13a sign that traders seem to have massively integrated Bitcoin into their portfolios.
The limited availability of stablecoins could slow the rise in the price of Bitcoin. However, market enthusiasm is increasing over possible approval of Spot Bitcoin ETFprompting traders to position themselves for big gains.
However, the last time this happened, in June 2019this coincided with a massive bearish spike in Reserve Risk (an indicator of confidence in Bitcoin’s risk/reward proposition).
Uniquely, despite last month’s aggressive switch from stablecoins to Bitcoin, Reserve Risk remained extremely lowsuggesting that markets have strong confidence in BTC’s current risk/reward proposition.
With over 70% of the Bitcoin supply held by long-term investors, expectations for a wave of Spot Bitcoin ETF approvals. Generating multibillion-dollar inflows, could result in a fight by institutional investors for a share of the remaining 30% of the circulating supply.
This could create strong pressure on demand in the face of a relative supply shockpotentially fueling a dramatic surge to a new all-time high for Bitcoin.
Although to achieve such a move, BTC will need to defy significant fundamental headwinds, such as increasing geopolitical risks in the Middle East and macroeconomic constraints like a Fed fighting against stubborn inflation.
How a potential explosion in the price of Bitcoin could propel Bitcoin Minetrix to new heights?
Industry Expert Anticipates Remarkable Rise in Bitcoin Value, Projecting Potential Increase up to $135,000 in the near future, while another expert envisions an even more dramatic rise, predicting a peak to $750,000.
In this context, Bitcoin Minetrix, a project of cloud mining of tokenized Bitcoin, managed to raise $3 million in funds as the end of Phase 4 quickly approachespositioning itself as a potentially lucrative investment opportunity.
Currently trading at just $0.0113but only for less than an extra day with a price increase expected tomorrow, Bitcoin Minetrix offers a captivating risk-reward scenario that could surpass Bitcoin’s potential gains.
Realize a 100% increase from its current price would propel Bitcoin to all-time highs, entering the $70,000 range and setting a new all-time high.
Currently, traders and investors are closely watching Bitcoin, anticipating an upward movement significant towards the $46,000 to $52,000 bracket. Such a move would be a clear indicator that Bitcoin is in position to reach new all-time highs.
Another great milestone unlocked by #BitcoinMinetrix!
More than $2,800,000 raised! 🪙 pic.twitter.com/PoH28Wjd7x
— Bitcoinminetrix (@bitcoinminetrix) October 31, 2023
Although this prospect is indeed exciting, it is nevertheless modest compared to potential investment returns in alternatives to Bitcoin like $BTCMTX.
With a much smaller market capitalization, $BTCMTX plays a key role in bringing retail traders closer to the Bitcoin mining revolution. This unique position could see its value increase by several thousand percent, making investing in Bitcoin more accessible.
Additionally, any positive developments for Bitcoin tend to have a ripple effect, benefiting a variety of cryptocurrencies and similar derivative currencies such as $BTC20 and $BITCOIN.
Bitcoin Minetrix stands out as a favorite among these beneficiaries, standing out thanks to its unique and authentic contribution to the vast and diverse world of opportunities within the Bitcoin ecosystem.
Bitcoin Minetrix can enrich your portfolio far beyond simple accumulation of value
Users who actively stake their $BTCMTX tokens are rewarded with more tokens, offering a current annual return of 188%. $BTCMTX holders who earn additional tokens before staking mining is enabled will increase their share of mining power. Once activated, these tokens can be used to obtain mining credits.
Mining credits, although ERC-20 tokens, have a unique utility: they can be exchanged for designated BTC cloud mining slots, allowing retail investors to access the reward of new Bitcoins.
Once this mechanism is fully active and operational, those who stake their tokens will be able to hope to reap real rewards in BTC thanks to cloud mining activitythereby opening the doors to an additional and lucrative income stream.
With so much promise, Bitcoin Minetrix has achieved star status among major crypto influencers, such as famous crypto analyst Jacob Bury, who highlighted the rapid rise of the presale to $3 million in his latest video.
However, with only one day left to claim your piece of the pie at a higher entry price of $0.0113don’t miss this new high growth opportunity.
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This article does not constitute investment advice in any way. The information provided here should not be used as a basis for making financial decisions. Cryptocurrency investments involve risks and may result in significant losses. You should only invest what you can afford to lose and carry out your own research before making any investment decisions.