While the largest cryptocurrencies by market capitalization tend not to make big jumps on Sundays, things are different today. Not only has the Bitcoin price risen to over $42,000, setting the stage for a bullish next week, investors should also be happy with Avalanche (AVAX) today. The price has risen by more than 10% in the last 24 hours and is still up over 8%. This makes AVAX once again the top performer among the 20 largest coins. Meanwhile, Bitcoin Minetrix ($BTCMTX) is also attracting attention from the crypto community as the Stake to Mine coin is now heading towards $10 million in presale.
Avalanche steals the show from Solana once again
In the last quarter of last year, there was almost no day when Solana (SOL) was not the top mover among the largest cryptocurrencies by market capitalization. Double-digit percentage gains have almost become the order of the day here. Now Avalanche (AVAX) tops the list of biggest gainers in the last 24 hours. With an interim increase of more than 10%, of which there are still gains of 8.3% left, the AVAX price rises again above the $35 mark and is behind SOL, which can show an increase of 3%.
(Top 3 winners among the 10 largest cryptocurrencies – Source: Coinmarketcap)
Due to the latest developments, AVAX is still in the black on a weekly basis, after the coin came under more pressure than the other altcoins in the previous weeks – due to the Bitcoin crash. On a monthly basis, AVAX still has to make up for a loss of 11%. This means that the price once again follows that of Bitcoin, which as the reserve digital currency always sets the direction. Of course, the impact is smaller for Bitcoin due to its higher market capitalization.
It remains to be seen whether AVAX Solana will steal the show. Both ecosystems are working hard to remain competitive and both are Layer 1 blockchains that are likely to have a bright future in their respective fields.
(SOL and AVAX price history over the last 12 months – source: Coinmarketcap)
The two coins are unlikely to decouple from each other so quickly, so the only question that remains to be clarified is who will come out on top in the end. Last year it was clearly Solana, but this year both would have similar conditions, as the difference to the respective all-time highs is no longer as big as it was at the beginning of 2023. However, some analysts suspect that Bitcoin Minetrix ($BTCMTX) will do better over the course of the year could perform as AVAX and SOL.
Find out more about Bitcoin Minetrix now.
Bitcoin Minetrix is targeting $10 million
Bitcoin Minetrix ($BTCMTX) does not create a new Layer 1 blockchain, which is why the coin is unlikely to reach a valuation of several billion dollars, but that is not necessary for a return of up to 1,000%. Bitcoin Minetrix ($BTCMTX) is currently available for pre-sale and is winning investors over with its unique stake to mine use case that could disrupt the mining market. Investors who contribute $BTCMTX tokens to the staking pool will receive a return after the presale in the form of credits that can be used for Bitcoin cloud mining. During the presale, the return for stakers is paid out in the form of additional tokens.
($BTCMTX Presale – Source: Bitcoin Minetrix)
This unique concept makes it possible to mine Bitcoin without having to invest in expensive hardware. With cloud mining, the computing power is rented from a cloud provider, who in return forwards the mined Bitcoin to the tenant. A concept that has so far only worked well in theory and in practice is often exploited by providers who end up not paying out Bitcoin. A development that will soon come to an end thanks to Bitcoin Minetrix’s stake to mine approach.
Visit Bitcoin Minetrix website now.
The credit for Bitcoin cloud mining is distributed on the platform through smart contracts, whereby the more $BTCMTX tokens you hold in the staking pool, the more credits you receive. This prevents fraud. The idea of making the mining market accessible to everyone again leads analysts to assume that the value of the $BTCMTX tokens is likely to rise sharply soon after trading begins on crypto exchanges.
The $BTCMTX tokens are currently not tradable on crypto exchanges as the pre-sale has not yet been completed. The presale offers investors the opportunity to invest right from the start in a project that has the potential to become one of the most important in the coming bull run and turn the mining market on its head. Especially in times when it is expected that the Bitcoin price could rise sharply in the near future, $BTCMTX could assert itself as a promising alternative, as investors with the token also benefit indirectly from rising Bitcoin prices as they are the digital gold You’ll soon be able to dig for yourself.
Get in now and buy $BTCMTX in the presale.
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