The decline in the largest cryptocurrency, Bitcoin, caused the asset to lose almost all of the gains it had made since the beginning of the year. This broke a long-running rally in traditional assets that had outperformed the worldwide decline.
The number one crypto experienced a significant decline, falling as much as 9.2 percent and temporarily falling below $41,000. This drop occurred after the previous day, when the digital asset reached a 21-month high, exceeding the $45,000 level.
Uncertainty surrounding the approval of a spot Bitcoin ETF by the SEC, coupled with rumors that the SEC would seek additional time, reportedly caused an increase in volatility. The whales have already found their new harbour.
Sponge Token V2 (SPONGEV2) – Meme Coin, the Favorite of 2024 with its Innovative Features
Sponge Token V2 enters the meme coin space as a formidable competitor that will overshadow Dogecoin. This meme coin is a second version of the Sponge token, which experienced a staggering 100x increase in 2023. That’s why investors are researching to buy Sponge Token V2.
The original SPONGE token reached a market value of $100 million, providing excitement and profit to its owners. Now, with Sponge Token V2, the SPONGE team has added more utilities to make it a true competitor to Dogecoin.
Sponge Token V2 goes beyond traditional meme coins by introducing an innovative “Stake-to-Bridge” consensus. This groundbreaking feature establishes a direct connection between the new token and the existing V1 ecosystem, demonstrating the synergy between the two tokens.
To purchase Sponge Token V2, investors must obtain the token through a special widget on the Sponge.vip website. Purchased tokens are automatically staked in the V2 pool. This paves the way for a dynamic and interconnected ecosystem.
For existing SPONGE token holders, switching to SPONGEV2 is simple. Token holders can withdraw their tokens from the V1 staking pool and re-stake them in the new pool without any problems. This helps unlock the potential for increased token earnings in the ecosystem.
Additionally, Sponge V2 introduces a new P2E game that adds an element of fun to the investment journey. Players can earn tokens by reaching the top positions on the leaderboard and add a gamified dimension to the investment experience.
A notable aspect of SPONGEV2 is its fixed four-year staking period, which offers holders an attractive 454 percent APY. This extended staking period is a strategic move to encourage loyalty among token holders and ensure sustainable growth. Once the staking period ends, SPONGEV2 tokens become claimable via the official SPONGE website.
Bitcoin Minetrix (BTCMTX) – High Potential Stake-To-Mine Coin for Whales
Thanks to its stake-to-mine model, Bitcoin Minetrix (BTCMTX) offers investors the opportunity to participate in the mining process through token ownership, eliminating the need for expensive and complex hardware equipment.
The model provides simplified access to Bitcoin mining, which has traditionally been limited to those who can invest in specialized hardware and meet significant energy demands. The team aims to simplify cloud mining and more and more users want to join this extraordinary project. Interest in the project was greater than expectations. Bitcoin Minetrix token purchases are accelerating day by day. It should be noted that thanks to the great interest in BTCMTX tokens, more than $ 7.4 million has been collected so far.
To start mining on Bitcoin Minetrix, individuals need to purchase and hold BTCMTX tokens, which will allow them to accumulate Mining Credits. These Mining Credits can be redeemed in exchange for allocated mining time on the Bitcoin Minetrix platform. This allows anyone to start earning Bitcoin passively without running real ASIC mining devices or dealing with complex setups.
Tokenizing the entire process increases openness in the market and ensures that users retain ownership of their assets at every stage. The pre-sale progressed steadily through the stages, filling up quickly as it progressed. For this reason, the Bitcoin Minetrix pre-sale event is expected to be completed very soon. The price per token is currently $0.0126.
The team demonstrated a progressive mindset towards project development by carefully determining the initial action plan. The main goals after launch are to get listed on stock exchanges, launch a comprehensive marketing effort across various channels, create desktop and mobile applications, and expand the workforce. Current discussions with reputable cloud mining firms, primarily focused on developing the stake-to-mine agreement, indicate that there is a good opportunity for significant expansion at this point.
The next phase will prioritize the implementation of the first Bitcoin withdrawals to wallets and the introduction of stake-to-mine desktop and mobile interfaces. Its future goals include implementing the ability to exchange hashing power for mining credits.
The progress made by Bitcoin Minetrix has also attracted the attention of popular crypto analysts. Cryptocurrency experts predict that BTCMTX has significant upside potential with its high capacity if the impressive momentum continues.
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