Over the past 24 hours, altcoins have shown signs of bullishness. While the entire market is up about 2%, the Bitcoin price is only up 1%. Ethereum is rising faster than BTC and many altcoins are doing well, reducing Bitcoin’s market dominance. Currently, the price of many altcoins appears to be rising against Bitcoin, although some altcoins have broken the uptrend with relative strength. For example, Solana could accelerate further upward movement in the BTC/SOL chart.
We focused our attention this past weekend on three altcoins that could turn bullish next week:
1. Bitcoin Minetrix (BTCMTX)
The new cryptocurrency project Bitcoin Minetrix, which focuses on token-based cloud mining of bitcoin, has successfully raised $3.25 million to date. Currently, the token is being offered in presale for 0.0113 USD, a value that will rise again in less than four days. In this way, a convincing CV could exist. Because current book profits maximize returns while reducing risk.
The upcoming introduction of the Stake-to-Mine feature will improve the participation of token holders in the Bitcoin mining process. These transparent mining credits, which can be used for hashing performance, are obtained through staking. These credits are structured as ERC-20 tokens and can only be used for Bitcoin cloud mining. Every private trader now has the opportunity to participate in the distribution of new Bitcoin rewards. Once the Stake-2-Mine systems were fully utilized, users gained access to an additional revenue stream. Mining Bitcoins is therefore profitable again for individual investors.
The goal of Bitcoin Minetrix is to fundamentally change bitcoin mining and counter the increasing centralization of recent years. The recently achieved new records for difficulty and hash rate demonstrate the urgent need for such a revolution. Given these developments and the upcoming launch of the Stake-2-Mine protocol, the upcoming week could be extremely bullish for Bitcoin Minetrix.
2. Chainlink (LINK)
The Chainlink has risen over the past seven days. This puts LINK in 12th place with a market capitalization of $6.3 billion. If the momentum of recent months continues, Chainlink could soon surpass both TON and TRON and enter the top 10 most valuable cryptocurrencies. The consolidation phases as we now understand them were final entry opportunities.
Here, Chainlink (LINK) could be on the verge of exiting the consolidating move. Recently, lower highs have been consistently marked here. Traders should regularly follow their stop orders to avoid an outage at Chainlink that could lead to major volume outages.
The performance is fundamentally undermined by the development of Chainlink. In view of the massive market for tokenizing real-world assets, LINK has a bullish outlook.
3. Meme Kombat (MK)
Meme Kombat wants to completely transform the world of the meme coin and become much more than just a token. Since gaming and gambling are two industries with huge growth potential, the project aims to revolutionize these markets. Meme Kombat can attract investors looking for unusual investment opportunities by taking advantage of the current environment, characterized by the pursuit of quick returns. The project brings a new dynamic to the GameFi sector by introducing an interactive battle arena where popular meme characters such as DOGE, SHIB and PEPE compete against each other.
Traders can experience the events up close thanks to the integration of AI-enabled visualizations, while fair gaming conditions are guaranteed by blockchain technology. Meme Kombat’s appeal is increased by the wagering rewards that are currently available for pre-sale and promise a current return of 112% APY. Users can use their earned tokens as wagering options from the launch of the first season, which brings a number of meme characters into the Ring. Moreover, there are two different revenue streams, which is still two more than most meme coins such as DOGE, PEPE and SHIB.
Phase 1 has been successfully completed. This could lead to a further increase in Meme Kombat’s momentum, especially since the token price has already risen to $0.183 USD at the current stage. There will be another price increase in the following week. This is a reason to trade faster to take advantage of potential book profits.
Disclaimer: Cryptocurrencies are investments that come with high risks. This article serves as a source of information and does not constitute any form of financial advice. You can lose all your capital.
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