As we kickoff into October, BTC/USD is poised for a promising trajectory according to crypto specialist, @bitbitcrypto. History indicates that Bitcoin’s pricing tends to surge in October, and if this pattern persists, the future seems favorable. This is not merely sentimental but may persuade more investors to exploit opportunities, becoming almost a self-fulfilling prophecy.
Adding to the upbeat sentiment, four cardinal developments forecast an encouraging environment for Bitcoin by 2024; anticipations of interest rate cuts from the US Federal Reserve, election year that generally spells prosperity for stocks, decisions on Bitcoin ETF applications by SEC, and the upcoming Bitcoin halving.
These growing conjectures could lead to an upsurge in buying pressure towards the year end which isn’t surprising. Now, we could see the Bitcoin price nudge past its highest point for the year and approach the $40k mark this month – marking an anticipated growth of 44% from sub $28k levels.
In parallel, fortunes also look promising for Bitcoin Minetrix ($BTCMTX); a novel Bitcoin mining derivative token, introduced by a decentralized cloud mining platform. The platform launched a presale of the $BTCMTX token that saw a swift financial swell worth $350k within days.
The initiative introduces a stake-to-mine mechanism where $BTCMTX token holders earn mining credits that can be used to acquire shares from Bitcoin Minetrix’s operational outputs. Complementarily, token stakers also gain rewards in form of tokens assigned by the protocol for community rewards that are impressively over 2000% APR.
However, before one jumps onto the bandwagon, a word of caution. The upcoming surge in prices after the token presale reaches $3.08 million means that the early bird truly catches the worm here.
Notably, experts like Jacob Crypto Bury are bullish on its 10x growth potential, and both Zach Humphries and Michael Wrubel endorse it as an ingenious approach to Bitcoin mining. Thus positioning $BTCMTX as a strong contender for 2023’s best staking coins.
The kindling stage of Bitcoin Minetrix’s four-part roadmap with investment in Bitcoin mining, marketing, community rewards and staking covering 42.5, 35, 15 and 7.5% of the presale proceeds, respectively. This phase is succeeded by development, launch, and mass adoption stages.
In spite of the second and third phases, negotiations with cloud providers and stake-to-mine dashboard setup for app and desktop have already begun. Buying the $BTCMTX token is facilitated via ETH, USDT, BNB, or some good old plastic, allowing investors to start reaping the benefits immediately.
However, let’s not forget that crypto investments are a high-risk game. As tempting and exciting as the scenarios may appear, one should approach with caution knowing they could potentially lose all their capital. As always, getting yourself informed is unquestionably the foundation for any investment decision.
Source: Cryptonews
