ZetaChain Price Prediction: ZETA Plunges 16% as Analysts Say This Bitcoin Cloud Mining Project Could Grow 10x

ZetaChain price has plummeted 16% in the last 24 hours to trade at $1.22 starting at 8:30 am EST.

This sharp correction comes after the token rose 121% in the last seven days.

ZetaChain Price Prediction: Will ZetaChain Recover?

Analyzing the ZETA/USDT 1-hour charts, we see a bearish trend as indicated by the red candles and the SuperTrend indicator, which is in the bearish zone, with its line above the price action. This demonstrates selling pressure showing a short-term bearishness in ZetaChain price.

Furthermore, the average directional index (ADX) is at 40.70, indicating a strong downward trend. On the other hand, the Klinger oscillator values ​​are negative, with a reading of approximately -47.904K, suggesting bearish momentum. The Klinger oscillator is used to predict the direction of the trend. A negative value usually indicates downward momentum.

ZETA/USDT 1-hour chart | Fountain: crypto%3ABTCUSD”>TradingView

ZetaChain Price Prediction: What are the chances of a bullish reversal?

The Relative Strength Index (RSI) is around 31.96, which is close to the oversold threshold of 30. This could suggest that the asset could be undervalued or that a possible trend reversal could occur if the RSI starts to rise.

In the long term, Zetachain's notable TVL rise in recent days to $642,000 could also see the token re-enter a bull run as it shows growing investor confidence.

ZetaChain TVL Statistics | Fountain: DefiLlama

Meanwhile, as ZetaChain price drops, the talk of the day was a Solana outage.

Solana Mainnet-Beta is currently experiencing performance degradation as mentioned @laine_sa_.

Validators and core engineers are investigating the situation; We are attentive to keep it updated. https://t.co/VSzOAAvIXV

– SolanaFM (@solanafm) February 6, 2024

With the Solana network down, many projects were affected and several exchanges stopped transactions involving Solana. Such an event underlines the need to invest in tokens that run on robust blockchains, with ethereum-based projects such as bitcoin Minetrix serving as an example.

bitcoin Minetrix is ​​witnessing an increasing number of investors entering the pre-sale of the BTCMTX token as it surpasses $10.3 million in funding, andtThe ethereum blockchain has 9 years without any downtime.

It could also be that investors concerned about the latest Solana outage will begin to redirect their investments to applications hosted on ethereum.

A promising alternative to ZETA?

bitcoin Minetrix is ​​a new cloud mining startup that analysts rank among crypto-presales-2024-unveiling-most-anticipated-calsona-gxcce/”>Top crypto Projects of 2024. Thanks to bitcoin Minetrix's cloud mining and staking integration, expensive mining equipment is no longer needed and everyone can afford to mine bitcoin.

Users can control every facet of their cloud mining using bitcoin Minetrix's mining staking feature. Without the risk of fraud associated with third-party cloud mining services, you can use the cloud mining credits you earn by staking your BTCMTX tokens to participate in decentralized bitcoin mining.

Staking BTCMTX is an additional passive method of earning platform tokens with a current annual return of 65%. A total of over 642 million tokens have been staked.

By participating in their Minedrop contest, you can earn BTCMTX tokens from another method. The total prize for this event is $30,000 and ten winners will each receive $3,000.

#BitcoinMinetrix $30,000 Minedrop Now Available!

Get ready for your chance to win a share of $30,000 in $BTCMTX!

Follow the steps in the link below for your chance to win one of ten $3000 $BTCMTX Awards!
https://t.co/v1UKskxi4Y pic.twitter.com/nseOBTNO9N

—Bitcoinminetrix (@bitcoinminetrix) October 5, 2023

Now that ZetaChain price is facing a correction, investors who missed out still have a chance to reap massive capital gains and lucrative rewards from the bitcoin Minetrix pre-sale.

Jacob Bury, an influential cryptocurrency expert with over 27,000 followers on YouTube, has given his seal of approval to bitcoin Minetrixpredicting it has the potential to grow 10-fold at launch.

So far, the pre-sale of BTCMTX has raised $10.3 million and closes its goal of $11.2 million. BTCMTX tokens are currently priced at $0.0133, but the price will increase in less than four days. .

Therefore, act quickly if you are interested in investing at the lowest possible price. BTCMTX tokens can be purchased using USDT, eth, or a credit card.

Visit the official website here.

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New crypto mining platform: bitcoin Minetrix

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• Audited by Coinsult
• Secure and decentralized cloud mining
• Earn free bitcoin daily
• Native Token on Pre-Sale Now – BTCMTX
• Staking Rewards: Over 50% APY

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