Chainlink Set to Soar Past $20, Bitcoin Minetrix Makes Headway
Buckle up crypto enthusiasts, because we have exciting news for you! Chainlink (LINK) is predicted to rise to $20, according to a crypto analyst who has noticed a surge in trading activity. Meanwhile, Bitcoin Minetrix (BTCMTX) is paving its way to success, having raised an impressive $10.2 million in its ongoing presale. In this article, we'll explore the reasons behind Chainlink's bullish run and take a closer look at why Bitcoin Minetrix is attracting attention in the crypto mining world. So, whether you're an avid investor or simply curious about the latest trends, read on to find out more!
Chainlink on-chain activity points to bulls
A crypto analyst has got everyone buzzing with excitement by predicting that Chainlink (LINK) is set to exceed $20 in value. This optimistic prediction is backed by the growing on-chain activity seen for Chainlink. Currently, there are over 5,330 addresses collectively holding more than $8.59 million worth of LINK tokens. These numbers indicate a strong interest, which can be a positive sign for future price increases. It seems like the LINK bulls are gearing up for an impressive run!
#Chainlink appears primed for further gains! On-chain analytics reveal a significant resistance level at $20, where 5,330 addresses collectively hold approximately 8.59 million $LINK.
February 2, 2024
To conduct his analysis, the trader utilized the "In/Out of the Money Amount Price" tool, which provides insights into the profitability of traders at different price levels. The analyst discovered that until LINK reaches $20, there are 8.59 million holders who are "out the money," implying that they might be more inclined to sell once that price point is reached. This finding suggests that we might witness increased sell pressure when LINK crosses the $20 threshold. It's a crucial level to keep an eye on!
Looking at the chart data, we see that currently there is $1.12 billion worth of LINK in green, indicating profitable positions, while $331.22 million worth of LINK is in the red, representing positions incurring losses. It's a mixed bag, but the overall sentiment appears to be strongly favoring the bulls!
Trending Bitcoin Minetrix presale hits $10.2 million
Shifting gears from Chainlink to Bitcoin, let's dive into the recent success of Bitcoin Minetrix (BTCMTX) and its presale. But first, what is Bitcoin Minetrix? It's a brilliant crypto cloud mining platform that enables users to effortlessly earn Bitcoin (BTC). If you've ever felt overwhelmed by the technicalities and hardware requirements of mining, Bitcoin Minetrix is here to simplify the process for you!
How does it work? Users stake BTCMTX tokens in exchange for Bitcoin mining credits, which can be used to access cloud mining power. This means you can mine Bitcoin without the hassle of setting up your own mining rig or worrying about electricity costs. Bitcoin Minetrix takes care of all that for you!
One remarkable advantage of Bitcoin Minetrix is that it removes space and noise constraints from the equation. No more bulky mining rigs occupying your living space or generating constant buzzing sounds. With Bitcoin Minetrix, you can enjoy the benefits of mining without the drawbacks.
Moreover, Bitcoin Minetrix stands out from other cloud mining solutions due to its unique security measures. Unlike many other services that have faced criticism for questionable practices, Bitcoin Minetrix prioritizes user security. How? By incorporating decentralization and user ownership through the BTCMTX token. By staking BTCMTX, users can mine BTC securely. This approach ensures transparency and accountability since all transactions are recorded on-chain and secured by Ethereum smart contracts. Additionally, the project has undergone a thorough audit by a reputable third-party blockchain security firm, validating its integrity.
As of now, BTCMTX is available at a price of $0.0132 in the ongoing presale. It's an opportunity not to be missed!
In conclusion
There you have it! Chainlink is projected to break past the $20 mark, backed by its strong on-chain activity. The increasing number of LINK holders and the significant amounts on both the green and red sides of the chart indicate an exciting journey ahead for LINK. Meanwhile, Bitcoin Minetrix is making its mark in the crypto mining world by offering users a user-friendly and secure way to mine Bitcoin. With the ongoing presale already hitting $10.2 million, Bitcoin Minetrix is proving that it has what it takes to succeed. So, whether you're a trader or a mining enthusiast, keep an eye on these two projects as they continue to make waves in the crypto space!
