Over the past few weeks, we’ve seen five spot Bitcoin ETF applicants file an appeal to have their funds registered as securities with the SEC as the deadline for approval is coming soon.
And for crypto analysts and industry experts, this indicates that we’re possibly near a “greenlight” for the spot ETF approval.
Bitcoin reacted positively to this news going into 2024 as the world’s leading crypto rises toward $50,000 and hoping to hold the resistance point.
But it seems like one of its “cousins” is looking to outperform it – Bitcoin Minetrix ($BTCMTX).
With $8 million already raised in its presale, Bitcoin Minetrix is being hyped as the next 100x token in the industry.
Let’s check out the details.
Bitcoin Nearing Approval for Spot ETFs – But Can It Outperform Its “100x” Cousin In the Following Weeks?
In recent developments, multiple asset management firms have submitted applications to the U.S. Securities and Exchange Commission (SEC) to register their spot Bitcoin exchange-traded funds (ETFs) as securities.
These filings include submissions from notable firms such as Vaneck, Valkyrie, and Grayscale Investments, with Grayscale and Bitwise planning to list their ETFs on the NYSE Arca exchange.
The first significant date to look out for is January 10, which marks the initial deadline for a decision on a spot Bitcoin ETF.
Adding to these developments, the SEC has been actively engaging with leaders from major exchanges to discuss the nuances of spot Bitcoin ETFs.
Insider sources indicate that the SEC is on the verge of notifying issuers about the approval of their spot Bitcoin ETFs, potentially as soon as the coming Friday. This step forward could mean that trading in these ETFs may commence shortly, perhaps even the following week.
All of this contributed to the 2.2% uptick in the last week.
But even with these developments, analysts don’t expect BTC to shoot further than $60,000 in the following few weeks.
Instead, if you’re looking for bigger profits, your focus should be on popular presale tokens like Bitcoin Minetrix ($BTCMTX) that have a much bigger potential to skyrocket soon.
Here’s why.
Bitcoin Minetrix ($BTCMTX) Introduces a Stake-to-Mine Feature that Could Shake Up Cloud Mining As We Know It – 80x Gains In Place?
Bitcoin Minetrix is gaining traction among investors with its unique “Stake-to-Mine” model for Bitcoin (BTC). This project, built on the Ethereum blockchain, offers a hassle-free way for users to earn Bitcoin passively without the need for technical know-how.
The platform is designed to make Bitcoin mining accessible to everyone, bypassing the need for costly hardware or specialized skills.
Users can stake their Bitcoin Minetrix (BTCMTX) tokens, which in turn grants them access to cloud computing resources. These resources mine Bitcoin on behalf of the users, simplifying the process significantly.
One of the key advantages of Bitcoin Minetrix is its ability to address common hurdles in Bitcoin mining, like its complexity and high entry costs.
Its token-based economy also offers more decentralization and security compared to traditional cloud mining services. This approach lowers the entry barriers for everyday crypto enthusiasts, making it easier to engage in Bitcoin mining.
By staking their tokens, users not only earn “mining credits” for cloud mining power but also benefit from dual revenue streams: estimated staking rewards of up to 87% per annum and a portion of the mining yields.
$BTCMTX Hits $8 Million In One of the Hottest Presales of the Year – Not Much Time Left to Join the “Early Investor Club”
Bitcoin Minetrix is currently in its presale phase, offering its tokens at a price of $0.0126.
However, investors should note that there’s not much more time to join as it already hit $8M in record time.
We are in the fifth stage of the presale, where each one came with a 10% hike in price. This pricing strategy serves as a compelling motivation for early investment, which likely contributes to the project’s initial success.
In terms of tokenomics, $BTCMTX is an ERC-20 token with a total supply capped at 4 billion. The allocation strategy for these tokens is thoughtfully planned: 42.5% are dedicated to the presale, 35% are earmarked for marketing efforts, 12.5% are reserved for staking purposes, and the remaining 10% are allocated for community initiatives.
The primary function of the $BTCMTX token is to enable staking on the Bitcoin Minetrix platform, which is integral to its Bitcoin mining mechanism.
This staking mechanism is expected to generate significant buying pressure while simultaneously limiting selling pressure, creating a healthy balance for the token’s market dynamics.
An innovative aspect of Bitcoin Minetrix is its approach to staking rewards. Unlike many other cryptocurrencies, most of the rewards for staking in Bitcoin Minetrix are paid out in mining power, not in $BTCMTX tokens themselves.
Shiba Inu (SHIB) Is Also on the “Profit Radar” with a New Shibarium Feature
While Dogecoin pioneered the meme coin sector, it now faces stiff competition with Shiba Inu.
For investors looking to diversify their holdings with alternative meme coins, Shiba Inu stands out as a potentially attractive option.
Launched in April 2020, Shiba Inu’s journey in the cryptocurrency world has been remarkable. In a relatively short span, it has ascended to the ranks of large-cap crypto assets, delivering extraordinary returns to its early investors – gains that span several million percentage points.
However, Shiba Inu isn’t resting on its laurels as just another meme coin.
The project has ambitious plans for expansion and diversification. It has developed its own native layer-2 blockchain network, Shibarium, and ventured into various domains, including a Metaverse world and a decentralized exchange. These developments suggest that Shiba Inu is boosting its appeal to a broader range of investors.
Conclusion
Bitcoin Spot ETF approval might be knocking on our doors sooner than expected, and with it will likely come further bull runs for the world’s leading crypto.
But can these bull runs bring more than 1.5x or 2x?
If you’re looking to skyrocket your portfolio, these gains won’t cut it. Instead, you should focus on presale tokens like Bitcoin Minetrix that have the potential to hit 50x – 100x explosion.
And now is the final stage of the presale where early investors can enter – so don’t miss your chance to make a profit in the next few weeks and start January on a positive note.
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