As DEX-launched tokens continue to mount seismic rallies, OPIE coin mounted the latest 150x rallies overnight, and now traders are gravitating to this latest meme coin as the next potential skyrocket.
This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, CHEEBS, TIME, ZKGROK and IO.
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— Opie The Dog (@OpieSolana) December 22, 2023
OPIE Token is a meme based upon the Founder of Solana’s dog Opie, and recent upside price movements appear to have been triggered by the launch of a new Telegram AI content generation tool – powered by OPIE crypto.
OPIE Price Analysis: As OPIE Crypto Jumps Up 100,000% – Is There Still Capacity For A Moonshot?
As OPIE price action reels back into consolidation, OPIE coin is currently trading at a market price of $0.002298 (representing a 24-hour change of +90,531%).
This comes after OPIE hammered up Yesterday, firing up from solid footing around lower support at $0.0015 to hit an all-time high at $0.0054.
However, a tough layer of resistance around the psychological $0.005 price level forced rejection, leaving OPIE price action reeling in a consolidation retrace.
Yet, despite the downside, OPIE coin continues to look strong here, with the downside tumble catching quick support around $0.0025.
This has left price trading within a bullish pendant channel, suggesting that further upside could resume soon.
Indeed, this is reflecting in ongoing transactions, which has seen buy pressure hold strong – representing 65% of transactions over the past hour.
Better yet? Despite the major pump yesterday, OPIE only sits at a meagre market cap of $1.34m – whereas typically DEX-launched moonshot potential coins like this often tap $5m market caps.
This suggests that OPIE coin could undertake as much as a 3.7x return from here on the short-time frame.
But, while OPIE coin is left battling retracement, an emerging presale is showing glimmers of promise as traders rush into Bitcoin cloud mining ahead of the next halving event.
OPIE Price Alternative? Don’t Miss Bitcoin Minetrix $BTCMTX Presale As $5.7M Raised
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— Bitcoinminetrix (@bitcoinminetrix) December 22, 2023
With the Bitcoin Minetrix approach, gone are the days of heavy initial capital and navigating complex mining contracts.
$5.8M In The Crosshairs: Bitcoin Minetrix Surges Past $5.7M As Markets Rush To Bitcoin Cloud Mining
Since the 2021 Bull Run, Bitcoin mining has defied expectations by undertaking something of a renaissance in network growth.
Bitcoin’s Hash Rate (a measure of the total amount of computational power directed at mining Bitcoin blocks) has surged to an incredible all-time high of 456.6 Exahashes per second (EH/S).
This dramatic growth has been fuelled by a substantial increase in the scale of Marathon Digital and Riot Platforms’ mining operations.
The world’s largest Bitcoin miner – Marathon – reported that for Q3 2023 it had an average hash rate of 14.2 EH/s (a 500% growth YoY), around 4% of the overall network hash (mining around 1153 BTC per month, or, $42.2M USD).
Meanwhile Riot Platforms reported a new record hash rate of 10.9 EH/s (mining around 368 BTC per month, or, $13.3M USD), with Riot’s operations expected to grow to 20.2 EH/s by summer 2024.
But while the all-time high in Bitcoin network hash rate is healthy for Bitcoin network security, and clearly profitable for growing mining operations, it has also begun to lose sight of the original promise of Satoshi Nakamoto’s decentralization.
Bitcoin mining in 2023 is the most centralized it has ever been in its short 15-year history.
A closer look at the summary of mined blocks over the past 48-hours reveals that a shocking 55.79% of all Bitcoin block rewards go to just two Bitcoin mining pools.
AntPool took the largest share at 83 blocks mined (29.123%), while second largest mining pool Foundry USA mined 76 blocks (26.667%).
This dwarfs the number of blocks mined by even third place F2Pool (34 blocks mined, around 11.93%), highlighting the growing challenge of increased mining centralization.
This heightened network activity, and increased centralization of mining power has become clearly reflected in the consequent all-time high in the difficulty rate for mining Bitcoin.
Currently standing at 62,573,539,549,305 – it has never been harder for the individual participant to engage in profitable Bitcoin mining.
This challenge of heightened network difficulty, fuelled by increased competition and centralization of mining power, has created the need for new solutions for the retail investor to participate in Bitcoin mining – both for network decentralization and preserving Bitcoin as a profitable activity for the individual.
Enter Bitcoin Minetrix, which was launched to deliver secure and transparent Bitcoin mining rewards for the retail investor through an innovative, decentralized Bitcoin cloud mining approach.
Key Highlights of the BTCMTX Advantage Over HNT Price Retracement:
Distinctive Edge in the Market: In an industry filled with numerous cloud mining platforms, Bitcoin Minetrix carves a niche for itself. As the first-ever tokenized Bitcoin cloud mining initiative, it offers an automated system that’s geared for cloud-based Bitcoin mining, setting a new standard for the industry.
Safety First with Ethereum Blockchain: Bitcoin Minetrix operates on the tried and trusted Ethereum blockchain. This ensures top-notch security and reliability, allowing users to sidestep the risks associated with external mining pools, and offering a safeguard against potential fraudulent cloud mining services.
Championing True Decentralization: At its core, Bitcoin Minetrix upholds the ethos of decentralization. In an age where centralization often introduces vulnerabilities, Bitcoin Minetrix breaks the mold, redistributing mining profits from big corporations to individual retail investors through its novel Stake-to-Mine system.
Tapping into the Bitcoin Halving Opportunity: Perfectly poised to make the most of the upcoming Bitcoin halving, Bitcoin Minetrix provides investors with a golden opportunity. The impending halving might seem daunting for miners due to reduced block rewards, but historically, such events have driven up Bitcoin’s value. Bitcoin Minetrix provides a platform for investors to tap into this potential surge, sans the associated capital risks.
The BTCMTX Presale Opportunity: The ongoing BTCMTX presale has already garnered significant interest, with over $5.78m raised towards its $6M goal. At a competitive price of just $0.0123 per token, early investors have a unique chance to be at the forefront of this stake-to-mine evolution.
In sum, Bitcoin Minetrix is set to redefine the Bitcoin landscape. With its innovative methodologies, stringent security measures, and the vast potential of its stake-to-mine mechanism, it beckons as a lucrative opportunity for early-bird investors.
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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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