Bitcoin Minetrix Presale Ends April 25 - Final Two Stages Left With $13 Million Raised
Amid growing excitement around the imminent Bitcoin halving event in four days time, popular stake-to-mine crypto project Bitcoin Minetrix has reached a significant milestone in its ongoing presale, raising over $13.1 million.
Hailed by prominent analysts like ClayBro as the next big crypto, Bitcoin Minetrix has been causing waves across the crypto world, catching the attention of savvy investors as Bitcoin resumes its upward trajectory, trading above $64k at press time.
After falling by about 10% over the weekend amid the Israel-Iran tensions, the Bitcoin price rebounded on Monday shortly after the news of Hong Kong’s approval of its first ETFs dominated the airspace.
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According to CoinmarketCap, the global crypto market cap is up almost 2% in the last 24 hours, with analysts predicting further upside as the excitement around the upcoming halving event persists.
Since Bitcoin Minetrix was launched to make Bitcoin mining more transparent and accessible, the prevailing uptrend in the price of the crypto king has influenced the buying spree for $BTCMTX. With over $13 million raised, the project has surpassed 85% of its $15 million fundraising target.
At press time, Bitcoin Minetrix is in stage 38/39 of its presale, selling for as low as $0.0147. Since the current stage is expected to end in a few days, investors who miss out on this window will have to pay more to get the token in the final stage, which then ends on April 25th.
What Is Bitcoin Minetrix?
Bitcoin Minetrix is a unique cryptocurrency project that seeks to introduce cloud mining solutions into the decentralized space. With its novel stake-to-mining utility, this new cryptocurrency addresses all the shortcomings of cloud mining, ensuring that it is more transparent, inclusive, and secure.
What sets Bitcoin Minetrix apart is its combination of mining and staking to cater to investors seeking to capitalize on the growing demand for Bitcoin. By staking $BTCMTX tokens, investors are directly mining Bitcoin and earning substantial rewards.
When they buy $BTCMTX tokens and stake them, investors receive non-transferable mining credits. Burning these mining credits avail investors with Bitcoin mining time. With this approach, Bitcoin Minetrix is tokenizing cloud mining, allowing users to maximize the full potential of Bitcoin.
Overall, Bitcoin Minetrix eliminates the enormous electricity costs associated with traditional Bitcoin mining, allowing users to mine BTC by staking its native token, $BTCMTX on its website.
Analysis Of Bitcoin Minetrix Presale Amid Bitcoin Rally
Bitcoin Minetrix is a multi-stage presale that aims to ride on the growing popularity of Bitcoin to capture the attention of savvy investors. Despite trading below $20k around 2022, Bitcoin has taken the world by storm, riding on the widespread excitement around the spot ETF approval to almost touch the $74k mark this year.
Ahead of the imminent halving event, the Bitcoin price has been tipped to reach $100k before the end of 2024. Presently, technical indicators show a tremendous increase in buying pressure on Bitcoin as investors leave no stone unturned in getting in on crypto before the next bull run.
Being one of the closest equivalents of Bitcoin, Bitcoin Minetrix is expected to leverage this market development to earn the attention of savvy investors.
Considering the upward trajectory in the price of Bitcoin fueled by the highly anticipated halving event, there is a great sense of optimism that the presale will reach its $15 million goal before its completion.
Tokenomics
BTCMTX has a fixed total supply of 4 billion tokens. This supply has been strategically allocated to crucial initiatives that are targeted at helping the project achieve its core goals. The most significant portion of the token which is 42.5% is committed to the Bitcoin mining operations of the project.
Further, focusing on its growth, 35% of BTCMTX will be directed toward marketing and promotional initiatives to boost the visibility of the project. According to the project’s whitepaper, 12.5% of the token is reserved as BTCMTX staking rewards. Finally, active community members stand a chance to receive a portion of the 10% allocated for community rewards.
Is Bitcoin Minetrix A Good Investment?
With its stake-to-mine concept, Bitcoin Minetrix presents an unequaled opportunity for investors to net passive income. Its ability to provide an ecosystem where staking and mining work together means users can safely engage in Bitcoin mining and receive staking rewards in one spot.
By staking BTCMTX, investors will receive a lucrative APY. According to its whitepaper, the rewards will be distributed to users at a rate of 158.5 BTCMTX for over two years, giving long-term potential to the token.
Beyond its staking utility, another factor that positions BTCMTX for market success is its relationship with Bitcoin. Therefore, as the largest crypto by market cap edges closer to retesting its all-time high of $73,835, the Bitcoin Minetrix presale could benefit from it.
Meanwhile, the final stage of the presale will commence in a few days and then stage 39 officially ends on April 25, 2024. This simply means investors have barely 10 days to gain early exposure to the token at bitcoinminetrix.com before it lands on crypto exchanges.
The potential exchange listing along with the bullish trends in the general market will help push the Bitcoin Minetrix price up when it officially goes live, thus providing early holders with ample opportunity to net quick gains.
Conclusion
Since launching its presale, Bitcoin Minetrix has been one of the most-talked about projects in the crypto and financial space, appearing on publications such as Yahoo Finance. With its combination of staking and mining perks, Bitcoin Minetrix could position itself as a strong investment for long-term holders.
As the presale nears its completion, those interested in Bitcoin Minetrix are encouraged to move in early so as not to miss out on the discounted rate prior to launch day, shortly after April 25th.
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