As a broader resurgence in crypto markets sends prices skyrocketing, Oggy Inu (OGGY) has exploded +1,000% in the latest on-chain moon-shot.
Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless moon-shots garnering significant attention, including the ever-popular APX, RAIN, MEGA, REFUND, DRS and THING.
OggyInu has been in build phase for the past 6-months, with the goal of creating a multi-chain DEX across Binance Smart Chain and Ethereum named OggySwap.
The recent price surge appears to be driven by surging interest around a $100 airdrop to OggyInu holders.
OGGY Price Analysis: Oggy Inu Has exploded +1,000% – How High Can the Skyrocket Fly?
With crypto markets turning bullish, Oggy Inu is currently trading at a market price of $0.00001862 (representing a 24-hour change of +38.95%).
The thunderous upside move, which was triggered at 3PM on October 23, saw OGGY gain +1,480% in its first hour of trading.
This was fuelled by a huge influx of more than $2.95m in trading volume, as 1.7k holders swept into the promising multi-chain project.
A brief -42% retracement move found double-bottomed support as Bitcoin pushed up past $31,000, and this morning this has created a ‘pan-handle’ which creates the opportunity for a second rally leg.
This receives further confirmation from strong buy pressure, which remains dominant, as buys represent 68% of transactions over the past hour.
However, upside could be limited, with OGGY already sat at a $4.68m market cap – a relatively high level for on-chain coins – leaving the question remaining: how much interest is left remaining for Oggy amid subdued on-chain market activity?
A key aspect in the reduced interest in On-Chain tokens has been the resurgence of Bitcoin, which has blasted-up to $34,367 as excitement sweeps the market.
Yet, many retail investors still feel side-lined by the front-run move, leading to substantial interest in Bitcoin derivatives and Bitcoin mining related projects. Enter: Bitcoin Minetrix.
Missed Bitcoin? Don’t Cry with FOMO – Bitcoin Minetrix Is the ULTIMATE Beta Play
Dive into the innovative world of Bitcoin Minetrix and its pioneering stake-to-mine system – as the skyrocketing presale smashes +$2,188,281 raised.
Offering an enticing 1224% Staking APY, Bitcoin Minetrix provides a platform where users can buy, stake, and then watch as the rewards start accumulating.
The true essence of passive income in the crypto world has never been this accessible.
With the Bitcoin Minetrix approach, gone are the days of heavy initial capital and navigating complex mining contracts.
Key Highlights of the BTCMTX Advantage:
- Distinctive Edge in the Market: In an industry filled with numerous cloud mining platforms, Bitcoin Minetrix carves a niche for itself. As the first-ever tokenized Bitcoin cloud mining initiative, it offers an automated system that’s geared for cloud-based Bitcoin mining, setting a new standard for the industry.
- Safety First with Ethereum Blockchain: Bitcoin Minetrix operates on the tried and trusted Ethereum blockchain. This ensures top-notch security and reliability, allowing users to sidestep the risks associated with external mining pools, and offering a safeguard against potential fraudulent cloud mining services.
- Championing True Decentralization: At its core, Bitcoin Minetrix upholds the ethos of decentralization. In an age where centralization often introduces vulnerabilities, Bitcoin Minetrix breaks the mould, redistributing mining profits from big corporations to individual retail investors through its novel Stake-to-Mine system.
- Tapping into the Bitcoin Halving Opportunity: Perfectly poised to make the most of the upcoming Bitcoin halving, Bitcoin Minetrix provides investors with a golden opportunity. The impending halving might seem daunting for miners due to reduced block rewards, but historically, such events have driven up Bitcoin’s value. Bitcoin Minetrix provides a platform for investors to tap into this potential surge, sans the associated capital risks.
- The BTCMTX Presale Opportunity: The ongoing BTCMTX presale has already garnered significant interest, with over $2,188,281 raised towards its $3M goal. At a competitive price of just $0.0111 per token, early investors have a unique chance to be at the forefront of this stake-to-mine evolution.
In sum, Bitcoin Minetrix is set to redefine the Bitcoin landscape, with its innovative methodologies, stringent security measures, and the vast potential of its stake-to-mine mechanism, it beckons as a lucrative opportunity for early bird investors.
source: cryptonews.com
