During Monday’s market turmoil, cryptocurrency traders experienced losses exceeding $100 million due to forced liquidations. This occurred as the prices of digital assets plunged amidst escalating conflicts in the Middle East.
According to CoinGlass data, approximately $105 million worth of long positions, where traders had speculated on price increases, were liquidated by the afternoon in the United States. This marked the largest number of long liquidations in a single day since September 11.
These liquidations unfolded in response to the sharp decline in cryptocurrency prices, driven by heightened tensions and increasing instability in the region. These events had a significant impact on risk assets. At one point, Ethereum (ETH) experienced a nearly 5% decline in value. Meanwhile, the price of BNB (BNB) dropped by 3% during the last seven days.
At the same time, Bitcoin Minetrix (BTCMTX), Meme Kombat ($MK) and TG.Casino ($TGC) seem primed for a surge because of their evident potential. Here is why these cryptos are the best choice for investors during this volatile time!
Bitcoin Minetrix Enables Everyone to Mine Bitcoin
While Ethereum, BNB, and even Bitcoin have been in the red zone for a while now, Bitcoin Minetrix raised more than one million dollars! Mining Bitcoin in an ordinary way is very costly and energy-consuming, but it also harms the environment greatly, which is why finding new ways to mine Bitcoin was bound to happen.
Once cloud mining for Bitcoin appeared, it instantly attracted a great deal of attention. However, numerous cases of deceitful operations have left customers empty-handed despite their investments. Bitcoin Minetrix deals with these concerns by eliminating the need for direct financial transactions. Instead, everything is managed through Ethereum smart contracts within a fully automated service, ensuring transparency and reliability.
What distinguishes Bitcoin Minetrix is its distinctive approach to cloud mining. Through tokenization, this project introduces a system that combines security with user-friendliness, making it accessible even to newcomers in the crypto sphere. The process is straightforward: stake your BTCMTX tokens and witness the accumulation of cloud mining credits readily available for Bitcoin (BTC) mining.
The presale generated enormous attention right from the start, attracting thousands of investors who wanted to secure their portion in time. If you haven’t already, get your BTCMTX tokens on time!
Meme Kombat Brings The Meme Coin Appeal to the Market
Meme coins have conquered the market and showed us the power of humor in the crypto world. After so many meme coins that achieved enormous success, Meme Kombat now combines characters such as Floki, Pepe, Shiba Inu, and many others and delivers a whole new perspective.
This project seamlessly integrates artificial intelligence, a recent trend, and melds it with blockchain technology to offer a truly unique gaming experience. Here, players can fully engage in battles, competing against other players and in-game challenges. Participants stake and wager their tokens on the outcomes of battles featuring characters representing renowned meme coins.
Victory in these battles awaits players with superior skills, but the users can also count on valuable rewards. Thanks to blockchain technology, payments are instantly processed, elevating the overall gaming experience and providing players’ required transparency and security.
The presale is getting closer to raising $500k, showing just how appealing it is. With its enticing features and captivating design, it’s evident that this project has the potential to yield a tenfold return on your investment, so seize this interesting opportunity!
The Unstoppable Rise of Crypto Gambling: TG.Casino Leads the Way
TG Casino’s recent debut has caused ripples within the cryptocurrency community. With its hard cap set at one million dollars and the speed at which the tokens are being sold, investors can expect this crypto to be listed faster than planned. The global casino market is worth more than $263 billion, which is truly incredible. With more than one billion users worldwide playing in crypto casinos, it is clear that this is part of the market that deserves further development.
TG.Casino is available solely on Telegram, which also has a similar number of users, making it a perfect platform to enable users to join and enjoy all the perks it offers. Moreover, Telegram’s robust end-to-end encryption guarantees the utmost privacy for betting activities, making it an ideal choice for those seeking to combine cryptocurrency investments with casino gaming.
The $TGC token offers alluring staking rewards and positions the current presale price as an enticing entry opportunity. Early presale participants stand to gain substantial returns and can enjoy an appealing Annual Percentage Yield (APY) on their investments. Once the new Telegram casino presale is over, listing $TGC on the exchanges will bring a price pump that the investors want to see.
With its unique utility and extensive casino games, TG Casino has generated substantial demand, hinting at a promising long-term future. Better get your tokens in time if you wish to enjoy all the benefits they have to offer!
What is going on with ETH and BNB?
Recent market data highlights a significant transformation in the cryptocurrency landscape, as Bitcoin’s dominance over alternative cryptocurrencies such as Ethereum and Binance Coin continues to strengthen. A noticeable sell-off in altcoins, encompassing all cryptocurrencies except Bitcoin, resulted in Binance Coin (BNB) and Ethereum (ETH) reaching new lows relative to Bitcoin during this cycle.
In terms of USD, Binance Coin revisited the $208 mark for the third time and then dropped further to the $205 mark, as shown in the graphic below.
Meanwhile, Ethereum’s USD value also set a new low, failing to hold steady above its previous low of $1,544 observed in September and decreasing to $1,541.
If the situation continues developing in the same manner as it has been during the past seven days, the investors will surely continue turning to cryptos primed for surge, such as BTCMTX, $MK, and $TGC, rather than investing in ETH, BNB, or even BTC.
The changes in the crypto market are happening faster than anyone could track. ETH and BNB are going through their fair share of troubles, while the presales of BTCMTX, $MK, and $TGC are hitting some serious milestones. If you wish to become an early investor and get the most out of your investment, dive in as soon as possible and get these extremely appealing cryptos before their presales end!