Cryptocurrency is one of the most compelling and disruptive technologies in the last decade. Yet, some innovative projects have stood out, redefining the industry and pushing it toward mass adoption.
One is the newly launched Bitcoin Minetrix ($BTXMTX), a platform enabling users to mine Bitcoin without hardware, expertise, or overhead costs. The presale launched one month ago, but investors have rushed in, with it raising over $3 million so far.
Traders Forecast 10X+ Gains for $BTCMTX
Unsurprisingly, its presale success interest has generated some exciting price predictions. The consensus is that $BTCMTX will 10x following its exchange launch.
Prominent YouTuber Jacob Bury recently touted the project as “the next 10x potential presale”, noting its problem-solving use case as the main reason.
The Crypto News YouTube channel also told its audience to “get ready for a 10x explosion” following Bitcoin Minetrix’s fiery presale start.
Meanwhile, other analysts are even more bullish on the project. For example, Joe Parys Crypto recently broke the project down, speculating it could 100x.
The primary reason for such bullish predictions is that Bitcoin Minetrix solves the Bitcoin mining problem, removing the barrier to entry so anyone can get started.
Bitcoin Mining Problems and How $BTCMTX Solves Them
Bitcoin mining has primarily been reserved for tech wiz kids and deep-pocketed businesses. This is due to factors like the specialist knowledge required to operate mining rigs, the high upfront cost, the excessive energy bills, and the space and noise of the rigs.
For the average retail investor, this leaves little choice but to opt for cloud mining. However, the Bitcoin Minetrix whitepaper notes that retail investors often fall victim to cloud mining scams like additional hidden fees or not receiving their rewards, reducing people’s trust in such platforms.
As such, Bitcoin mining is not currently something that the average user partakes in, but that could all be about to change.
Bitcoin Minetrix enables people to stake $BTCMTX tokens on its Ethereum-based platform to earn Bitcoin mining credits; they can then burn these credits for cloud mining power, which translates to free Bitcoin.
Users only require an Ethereum-compatible wallet to get started, and the decentralized $BTCMTX token eradicates the risk of cloud mining scams.
Moreover, the Bitcoin Minetrix has received a smart contract audit as further evidence of the platform’s unwavering security-first approach to cloud mining.
This use case makes Bitcoin mining accessible to everyone, regardless of expertise, financial resources, or geographic location.
Considering $BTCMTX’s pivotal role in this operation, it becomes evident why such bullish predictions are flowing in.
Bitcoin Minetrix Presale & Tokenomics
Bitcoin Minetrix is currently undergoing a presale, priced at $0.0113, but this will increase by 10% later today.
Following this, there will be five more stages, each incurring an additional 10% price hike. This creates a strong incentive for buyers to purchase the presale early, likely another reason for its early success.
$BTCMTX is an ERC-20 token with a 4 billion total supply. 42.5% of tokens are allocated to the presale, with 35% to marketing, 12.5% to staking, and 10% to the community.
As mentioned, the token’s function is to stake in the project’s platform for Bitcoin mining. This creates significant buy pressure, with staking limiting its sell pressure.
Another unique function is that most Bitcoin Minetrix staking rewards are paid out in mining power, not in $BTCMTX. This creates a considerable advantage over most other staking cryptos by limiting its supply.
Bitcoin-Related Projects and Mining Stocks Surge
Another factor attesting to traders’ 10x predictions is that Bitcoin-related projects and mining stocks have performed notably well recently.
For instance, “Bitcoin on Ethereum,” BTC20, soared 7x following its presale. The project also featured a staking mechanism like Bitcoin Minetrix. However, BTC20’s feature is less sophisticated because users just mine the platform’s native ERC-20 token, not real Bitcoin.
Moreover, researchers have found that Bitcoin mining stocks have greater upside potential than Bitcoin itself. This hints at a massively bright future for $BTCMTX, given it is newly launched and easily accessible as an ERC-20 token.
A “Minedrop” Worth $30K With 6 Chances to Win!
In celebration of its presale, Bitcoin Minetrix is running a “Minedrop” for $30K worth of $BTCMTX. The prize will be split between ten winners, and users get up to six chances to win by completing simple tasks like following the Bitcoin Minetrix X.
Such an accessible airdrop has furthered Bitcoin Minetrix’s allure and will likely supercharge its marketing and brand awareness.
Yet, with its early success and incremental presale price hikes in mind, those looking to buy $BTCMTX for the best price should act fast or risk missing out.
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