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Rekt Capital, a crypto analyst, is bullish and expects ethereum (eth) to reach $2,800 in February. Meanwhile, bitcoin Minetrix pre-sale also appears bullish, surpassing $10.3 million.
ethereum stable, bulls target $2.8k
eth is holding steady above $2,274, but Rekt Capital says the coin is on its way to $2,800.
Moving on to X, the analyst said that the currency “will repeat last month's movement”, referring to the evolution of the monthly chart.
Currently, ethereum has risen steadily but is down 12% from January highs. Trading volumes are decent, standing at over $9.3 billion.
Other analysts, including Jelle, expect prices to float above $3,000, based on the price action on the weekly chart.
Meanwhile, analyst Michael van de Poppe expects eth to outperform bitcoin (btc) in the coming sessions.
bitcoin Minetrix raises more than $10.3 million in pre-sale
In the midst of this, the focus is also on crypto-news.care/” target=”_blank” rel=”noopener”>bitcoin Minetrix a project on ethereum for users to mine bitcoin effortlessly.
Users stake BTCMTX in exchange for mining credits, which they can burn to gain bitcoin mining power in the cloud.
One of the most important concerns with cloud mining protocols is their security.
According to bitcoin Minetrix White paperCloud mining providers often attracted investors with decent returns, but then “introduced unjustified complications, demanded more funds, or prevented withdrawals.”
bitcoin Minetrix addresses this problem through its transparent and decentralized BTCMTX token, with all transactions verifiable and immutable, recorded on ethereum.
This eradicates the risk of cloud mining scams, making the platform a safer alternative to existing solutions.
With this in mind, bitcoin Minetrix is leading the way in cloud mining, which will likely translate into a wide user base upon launch.
As such, the comprehensive utility of BTCMTX, which is required for staking, could amount to massive demand.
Consequently, the bitcoin Minetrix pre-sale is attracting investor interest, raising $10.3 million so far.
Pre-sale buyers can stake their tokens immediately.
Currently, the bets offer an APY of 65%, but this will decrease as the betting pool grows.
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