Alan Draper
Clickout Media LTD
This is a sponsored post. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by the external author of the post. You should be aware of all the risks associated with trading. Cryptocurrency presales can be very risky investments as the assets have yet to be proven in the market. Some or all the tokens mentioned in the articles may be devalued or subject to scams, and investors may lose all capital as most of these assets lack proper due diligence. FXStreet is not responsible for any losses incurred from investments in crypto presales.
It’s been an eventful few days in the crypto market, with news on interest rates and Ethereum futures ETFs dominating the headlines.
These news events have had an impact on the prices of most coins and tokens, including XRP (XRP), Dogecoin (DOGE), and Bitcoin Minetrix (BTCMTX).
In this article, we discuss these three cryptos under $1, exploring how their prices have moved recently and what could be in store going forward.
XRP sees high volatility, but uptrend could signal breakout
First up is XRP, the fourth most-traded cryptocurrency globally, with a 24-hour trading volume of $27.1 billion.
The past few days have been highly volatile for XRP, with the token's value soaring over 8% on September 29 before erasing all those gains in the following four days.
Currently, XRP is hovering around $0.509, having tapped a strong resistance zone located around $0.550 on Friday.
However, the good news for XRP holders is that the price is forming an uptrend on the 4-hour chart, with higher-highs followed by lower-highs.
This suggests that, despite the recent volatility, XRP could be gearing up for a potential bullish run – if it successfully breaks through the aforementioned resistance at $0.550.
Adding to the bullish hypothesis is that “Uptober" has officially started, which refers to the positive gains usually seen in the crypto market every October.
With Bitcoin closing in the green every October for the past four years, there’s growing optimism that this seasonal trend could also positively influence XRP’s price trajectory.
Dogecoin trading in tight range with critical support presenting rebound potential
Next up is Dogecoin, the world’s largest meme coin with a market cap of over $8.7 billion.
Like XRP, Dogecoin's price has been highly volatile recently, rising over the weekend before plunging almost 4% in the past 48 hours.
DOGE is trading for $0.061, firmly within a tight trading range that has been in play since mid-August.
Fortunately for DOGE holders, the support level around $0.060, which forms the bottom of this range, has held firm on three occasions over the past two months.
This indicates that $0.060 is a critical threshold for Dogecoin, providing a solid base that could serve as a launchpad in the future.
With DOGE rejecting the minor resistance zone at $0.064, some investors speculate that the price may return to the bottom of the range for one final test before making an upward push.
As such, all eyes will be on Dogecoin’s movements over the coming days to see if this hypothesis proves accurate.
Bitcoin minetrix presale reaches $370k as innovative platform generates colossal investor buzz
Lastly, Bitcoin Minetrix (BTCMTX) is also making significant moves this week, with the project’s presale recently surpassing the $370,000 funding milestone.
Bitcoin Minetrix’s presale has been an instant hit with the investment community, bolstered by the fact that BTCMTX, the platform’s native token, is on offer for just $0.011.
However, this price point won't last long since the presale is split into ten stages, each with a different price point.
This setup has created a sense of urgency among investors, driving strong initial demand for tokens and prompting hundreds of people to join Bitcoin Minetrix’s Telegram channel.
Adding to the growing buzz is the uniqueness of Bitcoin Minetrix’s features, which revolve around making BTC mining accessible to the masses.
By buying and staking BTCMTX tokens, users can earn untradable credits that can be burned to generate cloud mining power.
This mining power can then be deployed to earn regular BTC rewards – with users also able to pledge their BTCMTX tokens to receive yields of 1,906% per year.
Looking ahead, Bitcoin Minetrix’s team intends to expand the platform’s cloud mining capacity and introduce a smartphone app where users can manage their mining operations while on the go.
With the presale’s momentum showing no signs of slowing and major exchange listings planned for once it has ended, Bitcoin Minetrix could be in for an eventful end to 2023.
Visit the Bitcoin Minetrix Presale
This is a sponsored post. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by the external author of the post. You should be aware of all the risks associated with trading. Cryptocurrency presales can be very risky investments as the assets have yet to be proven in the market. Some or all the tokens mentioned in the articles may be devalued or subject to scams, and investors may lose all capital as most of these assets lack proper due diligence. FXStreet is not responsible for any losses incurred from investments in crypto presales.
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