Outside Source
As on-chain excitement springs back into the market, Nothing Token (THING) has exploded +112% overnight.
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 SNOR.
For a long-time $THING has been considered a legacy coin, first launched in Spring 2023 under nefarious circumstances – from a now suspended Twitter account ‘Nothingsquer‘ – with historic tweets alleging a scam-coin after $THING launched with a 25% sell tax, and a whale-wallet containing 40% of token supply.
But now, $THING appears to be bouncing back, with a new Twitter account ‘NothingSquare_‘ breathing life back into the OG on-chain token – as withdrawals are reopened.
Nothing Token Price Analysis: How High Can This Comeback Rally Fly?
Amid the recovery price action, Nothing token is currently trading at a market price of $0.067154 (representing a 24-hour change of +112%).
This comes following a bounce out of rock-bottom price levels at $0.063396, this lower support level was established with more than a month of consolidation following the sudden -84% retracement move back on September 19.
The upside surge appears to have been driven by a rapid influx of $64k in 24-hour trading volume, across 40 buys by eagle-eyed traders.
THING price action is now battling to establish a higher support at $0.067150 – however, further upside movements from here could be tested by sell-pressure from over 1000 underwater holders.
Indeed, over the last 6-hours sell-pressure has become dominant – with sells now comprising 63% of transactions.
This suggests THING is likely to see a resounding return to lower support, however, amid heightened excitement in markets – a break high could still be on the cards.
In other news, an emerging Bitcoin cloud mining presale has exploded over the past week as investors have become supercharged by the prospect of accessible retail mining profits.
Bitcoin Cloud Mining Presale Heads for Stage 3 as $BTCMTX Surges Past $2m
Dive into the innovative world of Bitcoin Minetrix and its pioneering stake-to-mine system – as the skyrocketing presale smashes +$2,115,416 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.
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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 $2,115,416 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.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
This article first appeared at Cryptonews
