Can the Bitcoin Price Pump to $30,000 This Week? Traders Eye New Crypto Presale Bitcoin Minetrix With Stake to Mine Utility Instead
Crypto traders are asking if the Bitcoin price can pump to $30,000, but new crypto presale Bitcoin Minetrix is grabbing the headlines with its revolutionary no-fuss, no-rigs, low-cost stake-to-mine token.
As the Bitcoin price holds above $26,000, Bitcoin Minetrix ($BTCMTX) is catching the eye of traders as the first fully decentralized mining solution based on cloud computing, where stakers earn credits they can directly deploy to mine Bitcoin.
Traders are no doubt also intrigued by the implications of the stake-to-mine feature because of its potential to alleviate selling pressure at launch, while also incentivizing long-term adoption.
Within minutes of the presale opening, more than $100,000 was contributed to the soft cap initial fundraise goal of $15.6 million. There are 10 stages to the presale – from Stage 2 onwards the token price increases 10% at each stage.
At this rate the presale could sell out its first stage, in which $3,080,000 is targeted, within a week. There really is no time to lose in locking in the lowest prices.
You can stay in touch with the progress of the presale and how much has been staked by following the official X (formerly Twitter) account and joining the Telegram and Discord groups.
By combining the popular themes of ERC-20 token staking and Bitcoin mining, Bitcoin Minetrix has struck upon a rich seam with a pitch to market participants that is sure to appeal.
There are already 383,179 BTCMTX staked in the Ethereum-based smart contract, according to the desktop dashboard.
Rewards for stakers are generated at a rate of 158.5 BTCMTX per ETH block, over a two-year period. The current annual percentage yield (APY) is 108,739%, although this will reduce as more stakers join the pool.
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