The crypto market has been on an upswing in the past 24 hours, with major altcoins like Solana (SOL) and Avalanche (AVAX) seeing double-digit gains.
Meanwhile, hot new crypto presale Bitcoin Minetrix (BTCMTX) has just hit the $7.8 million funding milestone, with investors clamoring to get involved while the token price is so low.
Solana Price Pumps 16% as Developer Growth Continues to Grow
SOL has jumped 16% to hit $101.90, resuming the solid bullish momentum seen throughout December.
This price rise takes SOL to the same level it was last Friday before the token’s value pulled back sharply.
SOL’s surge comes after some positive growth metrics for Solana were revealed, including that more than 2,500 monthly active developers operate on the network.
In a report from the Solana Foundation, Solana’s team claimed it has maintained up to 3,000 active developers over the past year.
This means developer retention has increased by 50% over the past three months.
The increase in developer retention coincides with more activity on Solana’s network and significant price gains for SOL.
SOL now boasts a market cap of over $43.9 billion, making it the world’s fifth-largest cryptocurrency.
With the SOL price rising higher and network fundamentals looking strong, 2024 is shaping up to be a positive year for Solana and its investors.
AVAX Jumps 17% on Institutional Investment Tailwinds
While Solana is making all the headlines, Avalanche has also seen some positive price action.
The AVAX token has jumped 17% to over $37.30, hitting the same level it was last Friday.
This double-digit pump brings AVAX’s market cap back over $13.4 billion, with daily spot trading volumes up 37%.
Avalanche’s strong rebound comes shortly after the layer-1 blockchain was added to Grayscale’s Digital Large Cap Fund.
Grayscale is one of the largest digital asset managers, overseeing billions in crypto assets.
Adding AVAX to Grayscale’s fund signals continued institutional interest in Avalanche for 2024 and beyond.
Looking at the technicals, AVAX has just breached back above the 50-day exponential moving average (EMA) on the 4-hour chart.
This suggests that the current uptrend could be sustained in the short to medium term.
With both price and developer metrics looking positive for Avalanche, the stage seems set for AVAX to push back to December’s high.
Bitcoin Minetrix Presale Smashes $7.8 Million Milestone as Investors Clamor to Get Involved
As SOL and AVAX continue rebounding, an exciting new project called Bitcoin Minetrix (BTCMTX) has been gaining traction.
Bitcoin Minetrix has just hit a major milestone in its presale by surpassing $7.8 million in funding from eager investors.
For those unfamiliar, Bitcoin Minetrix aims to open up Bitcoin mining to a broader audience through its innovative “Stake-to-Mine” model.
Instead of expensive specialized hardware, Bitcoin Minetrix allows anyone to earn mining rewards just by staking the native BTCMTX token.
By staking BTCMTX, users earn mining credits, which provide access to cloud mining power.
Not only that, but stakers also earn estimated rewards of 82% per year on their staked tokens, creating a dual income stream.
This provides a pathway to making BTC mining profitable and accessible, even for smaller investors.
The project’s enormous presale funding shows investors are excited about these features.
Over 11,200 people are also active in Bitcoin Minetrix’s Telegram channel, indicating growing community interest in the project.
BTCMTX has even been ranked second on CoinSniper.net – a widely used website that ranks upcoming token launches.
As Bitcoin Minetrix’s developers put the finishing touches on the Stake-to-Mine platform, 2024 could be a breakout year for this ambitious project.
Prospective investors can buy BTCMTX tokens during the presale for $0.0127 using ETH, USDT, or a credit/debit card.
Visit Bitcoin Minetrix Presale
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