After the Cartesi (CTSI) price turned heads over the weekend with an impressive price pump, the cryptocurrency has started trending online.
As per CoinMarketCap, Cartesi was the 10th trending cryptocurrency on Monday.
Meanwhile, popular crypto analyst @ali_charts singled it out as amongst the top three trending coins on Monday, thanks to the impressive Cartesi price surge.
Top 3 Trending #Altcoins Today:$CTSI – #Cartesi is making waves with a notable 70% price surge, a topic that’s buzzing across multiple tweets.$DOGE – #Dogecoin sees a 10% jump in price, fueled by Twitter’s launch of a dedicated ‘X Payments’ account, spotlighting #DOGE.…
— Ali (@ali_charts) January 22, 2024
The Cartesi price was last around $0.25, up nearly 50% from last week’s lows.
Despite having now pulled back over 20% from Sunday’s highs, Cartesi price predictions are likely to remain bullish.
Cartesi Price Predictions – Where Next for CTSI?
The latest pump in the Cartesi price has seen the token break substantially to the north of all of its major moving averages.
That suggests an injection of new bullish momentum into the market.
A retest of 2023’s highs in the $0.36 area seems likely.
That could mean swift near-term gains in the region of 44%.
Cartesi Price Chart / Source: TradingView
Altcoin analyst shilled CTSI on Sunday, telling his followers to ignore it at their own peril.
He cited Celestia’s co-founder, who had praised the project for putting “an entire Linux VM in a rollup”.
“Cartesi is a Layer 2 scaling solution that facilitates the development of decentralized applications (dApps) across multiple blockchains”.
That’s according to Kraken.
Cartesi Alternative to Consider – Bitcoin Minetrix ($BTCMTX)
An exciting new decentralized Bitcoin mining protocol called Bitcoin Minetrix is generating a lot of hype.
The project has already raised over $9 million in funds from early investors into its $BTCMTX token presale.
Major Announcement! #BitcoinMinetrix attains a remarkable milestone, raising over $9,000,000! pic.twitter.com/9rUOkm7Hb7
— Bitcoinminetrix (@bitcoinminetrix) January 22, 2024
$BTCMTX is the token that powers the protocol – investors who buy $BTCMTX can then stake their tokens to start earning non-transferable Bitcoin Minetrix mining credits.
These credits can then be burnt by their owners, and in exchange, they will get a share in Bitcoin Minetrix’s Bitcoin mining revenues.
#BitcoinMinetrix revitalizes the landscape of cloud mining by merging stakeholding and cloud mining.
Pioneering tokenized cloud mining focusing on transparency, autonomy, and security, #BTCMTX is dedicated to providing a reliable pathway for $BTC mining enthusiasts. pic.twitter.com/Mrxv0Hnrst
— Bitcoinminetrix (@bitcoinminetrix) January 22, 2024
However, in addition to token stakers earning a yield in the form of cloud mining credits, $BTCMTX stakers also earn yield in the form of tokens allocated by the protocol for community rewards.
As per the project’s official staking dashboard, staking rewards are currently a massive 72% APR.
Investors should move quickly to secure these big rewards and to get in ahead of the next price rise.
The end of Stage 21 for #BitcoinMinetrix is nearly here, with just 4 days left!
How do you manage energy consumption while mining #Bitcoin? pic.twitter.com/Gl2RHYrGzG
— Bitcoinminetrix (@bitcoinminetrix) January 22, 2024
$BTCMTX token holders will also earn $BTCMTX rewards, with a portion of the token supply already set aside to reward early stakers.
Bitcoin Minetrix’s protocol is governor by smart contracts built on top of the decentralized Ethereum blockchain, which is also where its token is issued.
The protocol thus offers better transparency and security versus other centralized cloud mining services.
Check Out Bitcoin Minetrix Here
Get in On 2023’s Best Staking Coin Early
Its innovative approach to the tokenization of Bitcoin cloud mining to produce a yield for its stakers positions $BTCMTX as potentially one of 2023’s best staking coins.
Bitcoin Minetrix will be using 42.5% of the proceeds of its presale to invest in Bitcoin mining, 35% for marketing, 15% for community rewards and 7.5% for staking.
Bitcoin Minetrix is in phase 1 of its four-part roadmap.
After the presale phase, the other three phases commence, encompassing development, launch, and mass adoption.
Although not scheduled until phase 2 and 3, talks with cloud providers and work on the stake-to-mine dashboard for app and desktop have already begun started.
To buy the $BTCMTX token you will need ETH, USDT, BNB or a bank card.
If you plan to purchase with ETH you can start staking-to-earn straightaway.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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