As Uptober surges forward stamping its existence, a peculiar token known as HairyPlotterFTX (FTX) has taken the crypto market by storm with an incredible +5,000% increase overnight. It appears to be gunning at the now rather infamous crypto exchange, leveraging this strategic moment with considerable planning under its belt.
This feat has correlated with the recent buzz around FTX as Sam Bankman-Fried, a well-known crypto wizard, is faced with an intimidating potential 110-year incarceration. Project stability been made evident through a 0% tax, LP locked for an astronomical 115 years and contract renunciation, suggesting a resilient commitment to an on-chain project.
The exciting phenomenon of HairyPlotterFTX bore a price of around $0.0003815 (portraying a 24-hour change of +600.76%) amid a notably dramatic increase. Despite the surprising initial downward spiral, following its launch an attractive entry price opened up the market to keen traders who led an inspiring +1,160% initial pump into October 3.
A magnificent thrust in the form of multi-million volume broke loose, causing an awe-inspiring +150% climb, pushing overall returns since its launch at +5,325%. Encouragingly, the minor retracement maneuver between 6 – 8 AM on October 3 was speedily devoured by traders pushing price efforts towards a new ATH. Nevertheless, maintaining such levels of growth will depend on consistent buy pressure and continued market interest.
Switching gears, Bitcoin Minetrix seeks to rewrite the narrative for Bitcoin mining by its breakthrough Stake-to-Mine model. With a mission to breakdown industry dominance by major corporations, Bitcoin Minetrix extends its ICO at a starting price tag of just $0.011 for the BTCMTX token, providing small-scale investors a chance to participate in an investment story that could redefine the whole Bitcoin mining landscape.
Moreover, BTCMTX incorporates security and transparency by empowering its investors with full control over their staked tokens and flexibility to un-stake when desired. The BTCMTX smart contract was exonerated by Coinsult, a trusted blockchain security entity, after meticulous auditing.
Overcoming the barriers to entry with a minimum investment of just $10, Bitcoin Minetrix is advocating to broaden the reach of Bitcoin mining. However, despite their well-defined approach, the cloud mining sector has been fraught with scams in the past, warranting investor caution.
Despite the excitement, it’s crucial to remember that crypto is a high-risk asset class. Although projects like HairyPlotterFTX and Bitcoin Minetrix show significant promise and captivate industry attention, we advise our readers to carefully consider their options and research thoroughly before investing. Substantial gains can quickly vanish, testifying to the volatility and unpredictability of crypto markets.
Source: Cryptonews
