Cardano Surges Over 8% as Crypto Prices Rebound, Bitcoin Minetrix Also Makes Gains

Cryptocurrency prices are rebounding today after a rough couple of weeks for the digital asset market.

Cardano’s native ADA token is one of the day’s biggest gainers, surging over 8% in the last 24 hours to the $0.528 level.

In terms of under-the-radar tokens, Bitcoin Minetrix (BTCMTX) leads the charge and continues to see gains during its limited-time presale phase.

Bullish Momentum Returns as Cardano Surges Above 50-Day EMA

ADA has closed in the green for four days in a row, marking the token’s best run of form since early December.

The four bullish closes have taken ADA to its highest value since January 16 – just before the price fell by 16%.

ADA’s stellar run has also seen it breach the 50-day exponential moving average (EMA), suggesting that the medium-term trend has flipped definitively.

Now, Cardano bulls will be looking toward the $0.55 level as an upside target.

If that level can be broken, the next crucial resistance zone is located around $0.60, where ADA spiked to on January 11.

Fuelling ADA’s climb over the past 24 hours is a remarkable 74% jump in spot trading volumes, now at over $530 million.

This makes ADA the 13th most-traded cryptocurrency globally.

With the momentum showing no signs of slowing down, this week is shaping up to be a positive one for Cardano holders.

Major Investors Accumulate ADA as Sentiment Shifts

Dan Gambardello, the founder of CryptoCapitalVenture, made an intriguing point on Twitter regarding Cardano’s prospects.

Gambardello believes after years of thoughtful development, Cardano now has a robust system in place – one that boasts security, stability, decentralization, and interoperability.

This strong base is enabling an expansion into DeFi and allowing Cardano to support a variety of use cases.

As Gambardello notes, if Cardano can scale effectively, it may outplace other blockchains because of its solid infrastructure.

In addition, some ADA whales seem to agree with this promising outlook.

According to an article from FXStreet, major holder wallets containing between 100,000 and 100 million ADA tokens have increased significantly over the past eight months.

This indicates strong and sustained accumulation by long-term, influential investors.

Between the technical advantages, real-world utility, and vote of confidence from crypto whales, Cardano is waking up from a period of stagnation.

Due to this, there’s a growing belief amongst ADA bulls that 2024 could be a positive year for the token.

Bitcoin Minetrix Ignites Huge Presale Hype with Innovative Stake-to-Mine Model

As momentum builds behind Cardano’s recent price surge, another crypto project is gaining steam.

Bitcoin Minetrix (BTCMTX) has raised over $9.8 million in its ongoing presale, indicating strong investor interest in its groundbreaking use case.

The project aims to transform cloud crypto mining by introducing a “Stake-to-Mine” mechanism powered by smart contracts.

This allows users to stake BTCMTX tokens to receive cloud mining credits, which can be burned for hash power.

By eliminating the need for expensive hardware or technical skills, Bitcoin Minetrix seeks to make mining accessible to anyone.

The total supply of BTCMTX is capped at 4 billion, with up to 77.5% of these tokens made available to early buyers.

BTCMTX holders can also stake their tokens to generate estimated rewards of 68% per year, creating two pathways to potential passive income.

Security is also a priority for Bitcoin Minetrix’s team, given that Coinsult has audited the project’s smart contracts.

All of these factors have helped lift Bitcoin Minetrix into the limelight, with the project now drawing enormous attention from retail traders.

Over 19,700 people now follow Bitcoin Minetrix on Twitter, while 13,100 actively participate in the project’s Telegram channel.

With momentum returning to the crypto market in the final week of January, Bitcoin Minetrix could be primed to capitalize.

Visit Bitcoin Minetrix Presale

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