The latter is a blockchain-based Platform-as-a-Service (PaaS) project. He passionately endorses BTCMTX as one of the most efficient ways to earn BTC, further fueling excitement for this project passively.The Loom Network token or LOOM is the official currency of the Loom Network. Crypto Zeus, a YouTuber with over 66.5k subscribers, is very optimistic about BTCMTX. However, the token price will increase by 10% with each successive presale stage.įurthermore, the BTCMTX team has set a soft cap exceeding $15 million and a hard cap of $32 million. In this first phase, you can gain BTCMTX tokens at a discounted price of just $0.011. This has strengthened investor confidence, attracting more investors to join the presale platform’s potential offerings.Īs shown on the BTCMTX website, the presale comprises 10 phases. BitcoinMTX’s Presale Surpasses $500k: Invest NowīTCMTX presale funding has crossed the $500k mark, garnering $513,341 in investments at the time of writing.

To access BTC cloud mining time or mining rewards, you must redeem these secondary tokens by ‘burning’ them. You can get cloud mining credits by acquiring and staking $BTCMTX tokens. When you stake the $BTCMTX token within an Ethereum-based smart contract, it is the gateway to Bitcoin cloud mining. 🪙 #BitcoinMinetrix users simply require an Ethereum-compatible wallet like #MetaMask, keeping things straightforward. The stake-to-mine concept is an innovative notion, rekindling hope for everyday #Crypto enthusiasts to engage in #Bitcoin mining. Besides converting it into mining power, $BTCMTX enables passive token generation through its staking mechanism.Ĭurrently, the platform generates 158.5 tokens per ETH block, resulting in an astonishing annual percentage yield (APY) of 1267%, which may gradually decrease as more tokens lock into the pool. The staking pool has witnessed significant adoption, with 25,891,668 $BTCMTX tokens staked. Therefore, it addresses cloud mining doubts. This revolutionary concept tokenizes cloud mining, making it more accessible and eliminating traditional mining companies’ mining contracts. It also uses a stake-to-mine approach, combining cloud mining and token staking. Stake to Mine BTCMTX, Earn Passive IncomeīTCMTX is reshaping the Bitcoin mining and distribution process by providing investors an enticing opportunity to actively participate in a profitable presale. Moreover, BTCMTX is showing a bullish trend. Meanwhile, Bitcoin Minetrix BTCMTX offers an excellent opportunity for investors because of its Stake to Mine features and low presale price. Traders should monitor price action over the next few days to determine if Loom Network (LOOM) will continue its bullish trend. A break below the $0.10 support level could lead to further losses for LOOM. If a candlestick opens below the 50 SMA, bulls may find support at $0.10. If this bullish momentum continues, LOOM’s price can surpass the $0.18 resistance point, establishing a new all-time high (ATH). LOOM is currently bullish, rebounding from the support level that formed the double-bottom pattern. This shows intense buying pressure on the Loom Network (LOOM) price, enabling the bulls to push the RSI above 70. Meanwhile, the relative strength index (RSI) is trending upwards in the overbought region at 70, rebounding from the oversold mark of 30. These simple moving averages currently provide price support for LOOM, with values of $0.07 for the 200 SMA and $0.13 for the 50 SMA, respectively. The 50 and 200 simple moving averages, which crossed at $0.046, reinforce the bullish outlook. Consequently, this triggered the current surge in Loom Network’s (LOOM) price. This support zone is the base for a double-bottom pattern. The price encountered resistance at $0.175, which allowed the bears to push the price down to the $0.11 support zone. Three rebounds at the lower boundary of the rising channel. Source: Dextools.ioĭespite the bears’ attempts to lower prices, the bulls have secured a foothold. However, the bulls have found their footing in LOOM and have broken out, seizing the opportunity to increase the price. The LOOM chart shows a prolonged consolidation that has persisted for months. Can LOOM jump 50% in the coming weeks? Loom Network (LOOM) Rebounds on $0.11 Support EST, showing a 32.2% gain in the last 24 hours and an 8% surge over the past week.įurthermore, the token’s 24-hour trading volume has increased by 32%, reaching $487,000. Loom Network (LOOM) is trading at $0.15 as of 6:36 a.m. Join Our Telegram channel to stay up to date on breaking news coverage

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