Ethereum

2024

Bitcoin

Rekt

<p> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
<p class="is-style-lead">Rekt Capital, a crypto analyst, is bullish, expecting Ethereum (ETH) to hit $2,800 in February. Meanwhile, the Bitcoin Minetrix presale also looks bullish, surging past $10.3 million.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-ethereum-stable-bulls-target-2-8k-strong"><strong>Ethereum stable, bulls target $2.8k</strong></h2> 
<p>ETH is stable above $2,274, but Rekt Capital says the coin is on a path to $2,800.</p> 
<p> You might also like: <a href="https://crypto.news/south-korea-to-implement-virtual-asset-act-regulator-to-meet-gary-gensler-in-us/"> South Korea to implement virtual asset act, regulator to meet Gary Gensler in US </a> </p> 
<p>Taking to X, the analyst said the coin will “repeat last month’s move”, referencing developments in the monthly chart. </p> 
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   <p lang="en" dir="ltr">If <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a> is able to Monthly Close above its $2274 Range Low just like this, it would technically position itself for a repeat of this month's range-bound move<a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#ETH</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Crypto</a> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Ethereum</a> <a href="https://t.co/GTNCIu39NU" target="_blank">https://t.co/GTNCIu39NU</a> <a href="https://t.co/MJtlTKKZUb" target="_blank">pic.twitter.com/MJtlTKKZUb</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1752301403341455496?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 30, 2024</a>
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<p>Currently, Ethereum is up firm but down 12% from January peaks. Trading volumes are decent, standing at over $9.3 billion.</p> 
<p> You might also like: <a href="https://crypto.news/ethereum-developer-says-mainnet-eventually-will-not-function-as-daily-transaction-hub/"> Ethereum developer says mainnet eventually will not function as daily transaction hub </a> </p> 
<p>Other analysts, including Jelle, expect prices to float above $3,000, based on price action on the weekly chart. </p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a> presenting the classic post-breakout chop, but that doesn't change where this is heading.<br><br>Bring on the $3000s. <a href="https://t.co/xcONcoEpeL" target="_blank">pic.twitter.com/xcONcoEpeL</a></p>— Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1752228804800512166?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 30, 2024</a>
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<p>Meanwhile, analyst Michael van de Poppe expects ETH to outpace Bitcoin (BTC) in the sessions ahead. </p> 
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   <p lang="en" dir="ltr">It's a matter of time until <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a> starts to pick up pace, especially with Dencun around the corner. <br><br>In terms of trading: you'd like to get confirmation above 0.06 BTC or a sweep beneath the lows. <br><br>I think the first one is the scenario. <a href="https://t.co/RkyRpNO7zP" target="_blank">pic.twitter.com/RkyRpNO7zP</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1754822244986204286?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 6, 2024</a>
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<h2 class="wp-block-heading" id="strong-bitcoin-minetrix-raises-over-10-3-million-in-presale-strong"><strong>Bitcoin Minetrix raises over $10.3 million in presale</strong></h2> 
<p>Amid this, focus is also on <a href="https://bs_b96bd0a7.crypto-news.care/" target="_blank" rel="noopener">Bitcoin Minetrix</a> , a project on Ethereum for users to mine Bitcoin effortlessly.&nbsp;</p> 
<p>Users stake BTCMTX in exchange for mining credits, which they can burn for Bitcoin cloud mining power. </p> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/EKhNBbJ9skWWTlPqC3heQSnO9WpdUFOua067Zanav725d6hF6XeB2vlFVdmsBBPnCyHBIz-iWwPZYhFNsy1ZNAEVE5R8hY-3JMTbrcFPTuYwZN-sdeuY9lVnLecEY7bcF237tPYtCNl4wuOjfQw4Z0c" alt="Ethereum may hit $2.8k in February, new altcoin to also rally - 24">
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<p>One of the most crucial concerns of cloud mining protocols is their security. </p> 
<p>As per the Bitcoin Minetrix <a href="https://bitcoinminetrix.com/assets/documents/whitepaper.pdf" target="_blank" rel="noopener">whitepaper</a>, cloud mining providers would often entice investors with decent returns, but then “presented unwarranted complications, demand more funds, or prevented withdrawals.”</p> 
<p>Bitcoin Minetrix tackles this issue through its decentralized and transparent BTCMTX token, with all transactions verifiable and immutable, recorded on Ethereum. </p> 
<p>This eradicates the risk of cloud mining scams, making the platform a more secure alternative to existing solutions.</p> 
<p> You might also like: <a href="https://crypto.news/satoshi-vm-tanks-as-savm-investors-consider-bitcoin-minetrix/"> Satoshi VM tanks as SAVM investors consider Bitcoin Minetrix </a> </p> 
<p>With that in mind, Bitcoin Minetrix is leading the way in cloud mining, likely translating to a vast user base post-launch. </p> 
<p>As such, the integral utility of BTCMTX, being required for staking, could equate to massive demand.</p> 
<p>Consequently, the Bitcoin Minetrix presale is drawing investor interest, raising $10.3 million so far.</p> 
<p>Presale buyers can stake their tokens immediately. </p> 
<p>Currently, staking offers a 65% APY, but this will decrease as the staking pool grows.</p> 
<p> Read more: <a href="https://crypto.news/chainlink-likely-to-soar-past-20-bitcoin-minetrix-posts-gains/"> Chainlink likely to soar past $20, Bitcoin Minetrix posts gains </a> </p> 
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