Cryptos have enjoyed a huge pump over the past 24 hours, with Solana and Polkadot being the top two performers.
Meanwhile, the new Bitcoin Minetrix is also soaring, having just passed $5.7 million in pre-sale.
Bullish sentiment increases for Solana and Polkadot as prices rise
Despite an explosive few months, Solana is still gaining momentum and recently touched $99. Solana is currently priced at $91, up 5.4% today, up 16.93% this week, up 66% this month and up 653% this year.
Analysts, however, remain optimistic that Solana will continue.
X commenter InvestAnswers he pointed out that the recent Solana pump occurred when the Asian market opened up.
“Solana rises as Asia opens.” Just 3.5% from the triple digit figure,” the analyst said.
At the time of writing, the tweet was seven hours old, so Solan's price increase can be attributed to strong buying activity from Asian markets.
However, other analysts are looking well beyond the $100 benchmark. For example, MartyParty believes Solana will “flip” Ethereum and urges market participants to buy below $100.
MartyParty presents four charts showing Solano's increasing momentum against Ethereum.
Meanwhile, a prominent X influencer noteEezzy Seeing Solana as a long-term play, they recently announced that they bought 1000 SOL and will send it to a cold wallet by next year.
noteEezzy ends the tweet by saying, “I will update you on this bag once $SOL trades at $1000.”
However, Solana is not the only cryptocurrency gathering pace. Polkadot saw a 5.6% increase today at a price of $7.90. It is also up 7.92% this week, 55% this month and 77% this year.
But some analysts believe this is just the beginning for the DOT. Clifton Fx noted that the Polkadot is breaking a descending triangle on the weekly time frame.
A breakout of this chart pattern is a strong signal of a trend reversal, which could result in a significant price explosion given the macro scale of the chart pattern.
Meantime, Pablo commented on the Polkadot chain analysis, explaining that it has 5.9 million transactions per day and remains at 10% capacity. “Still low gas fees, still fast, still safe,” the analyst points out.
Although Solana and Polkadot have seen notable gains recently, one crypto analyst that could explode is Bitcoin Minetrix. It's currently going through pre-sales, raising a whopping $5.7 million so far.
Trending Bitcoin Minetrix Enables Effortless Cloud Mining of BTC, ICO Approaches $6M
Bitcoin Minetrix is a new Stake-to-Mine cryptocurrency that allows anyone to cloud mine Bitcoin. It offers a secure and hassle-free solution that is suitable for beginners and does not require technical knowledge or expensive hardware.
This provides significant advantages over traditional cryptocurrency mining and potentially moves it towards mass adoption.
The project works by users depositing $BTCMTX tokens to earn Bitcoin mining credits. They can then burn these credits for cloud mining power, which translates to free bitcoins.
In addition to making it easy for anyone to earn bitcoins, this ingenious concept also addresses prevalent cloud mining scams through the decentralized and transparent $BTCMTX token.
Additionally, $BTCMTX's central role translates into significant demand potential. In the meantime, its supply will be limited as most tokens are locked for staking and rewards are primarily paid out in mining credits, not $BTCMTX. These favorable supply and demand dynamics indicate huge scope for growth.
Analysts are very optimistic about the project Jacob Bury they recently predicted it could be 10x. Bury cited his compelling tokenomics and innovative use case as to why.
Currently, market participants can buy $BTCMTX for $0.0123. But it will go up in four days, so they need to act fast to secure the best price.
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