Chainlink Expected to Reach $20 with Increased On-Chain Activity
A crypto analyst predicts that Chainlink (LINK) will surpass $20, citing the high on-chain activity of the token. Currently, there are over 5,330 addresses holding a total of $8.59 million worth of LINK. The analyst used the “In/Out of the Money Amount Price” tool to determine how many traders are in profit at a given price. According to the analysis, 8.59 million holders will be “out the money” until LINK reaches $20, which may result in increased sell pressure. Chart data shows that $1.12 billion worth of LINK is in green, while $331.22 million worth is in red. LINK is currently trading at $18.64, its highest since February 2022.
Bitcoin Minetrix Presale Raises Over $10.2 Million
Bitcoin Minetrix, a crypto cloud mining platform, has successfully raised over $10.2 million in its ongoing presale. The platform allows users to earn Bitcoin (BTC) effortlessly by staking BTCMTX tokens in exchange for Bitcoin mining credits. This process requires no technical expertise or hardware requirements, making it accessible to all users. Bitcoin Minetrix offers a unique security advantage compared to other cloud mining solutions by utilizing decentralized and user-owned BTCMTX tokens. Through BTCMTX staking, everything is recorded on-chain and secured by Ethereum smart contracts. The project has also undergone third-party audits to ensure its legitimacy. BTCMTX tokens are available for purchase at $0.0132 during the presale stage.
Hot Take: Chainlink’s Bullish Outlook and Bitcoin Minetrix’s Innovative Approach
The recent analysis indicating Chainlink’s potential rise to $20 highlights the positive on-chain activity and trading volume of the token. With a significant number of holders waiting for LINK to reach $20, there may be increased sell pressure in the future. On the other hand, Bitcoin Minetrix’s presale success demonstrates the growing interest in crypto cloud mining platforms. By offering a user-friendly and secure solution, Bitcoin Minetrix sets itself apart from other cloud mining services that have faced criticism for dubious practices. The project’s decentralized and audited approach provides users with confidence in their investments. As both Chainlink and Bitcoin Minetrix continue to make strides in their respective markets, the crypto industry remains dynamic and full of opportunities.
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