In recent weeks, there has been a significant trend in the explosive growth of DEX-launched tokens. A multitude of pump-and-dump moon-shots, including DEE, APX, MEGA, Blinky, DRS, and SNOR, have captured the attention of traders. Among these rising stars, Refund token (REFUND) has emerged as a standout performer, soaring by an impressive +1,000%.
One of the key drivers behind the surge in REFUND’s price is the promise of Ethereum staking rewards. Reflection tokens, like REFUND, aim to reward holders with a share of transaction fees. This innovative concept has attracted growing interest from investors, propelling the token’s meteoric rise.
While the price of REFUND experiences retracement and consolidation, it is currently trading at $0.063207, reflecting a 24-hour change of +198.84%. Notably, a new support level has formed at $0.062808, establishing a consolidation zone that has held steady for six hours. This development indicates that price action could trigger a significant bounce, as REFUND finds a foothold in the market.
Since its launch on October 14 at 9 pm, REFUND has displayed steady growth, with a robust lower support level situated at $0.061020. Within 25 hours of trading, the token hit an all-time high of $0.066120, which now serves as the upper target for price action. Impressively, REFUND generated over $2 million in 24-hour trading volume, driven by nearly 930 holders and 7.9k transactions.
With a current market cap of $1.15 million, REFUND’s upside potential remains promising after a successful consolidation phase. Similar reflection tokens have witnessed market caps surging to $3 million in recent weeks, suggesting that REFUND could still achieve a 2-3x move from its current level, should the price break out of its localized descendant trading channel.
While on-chain traders contemplate entering the REFUND market, the spotlight is also shining on an emerging Bitcoin cloud mining presale – Bitcoin Minetrix. This revolutionary platform has already raised over $1,582,617 and continues to skyrocket in popularity. Bitcoin Minetrix introduces a pioneering stake-to-mine system, offering users an enticing 1224% Staking APY.
Bitcoin Minetrix sets itself apart from the numerous cloud mining platforms by being the first-ever tokenized Bitcoin cloud mining initiative. Its automated system revolutionizes cloud-based Bitcoin mining, setting a new industry standard. By focusing on safety and reliability, Bitcoin Minetrix operates on the Ethereum blockchain, mitigating risks associated with external mining pools and fraudulent cloud mining services.
In an era where centralization often introduces vulnerabilities, Bitcoin Minetrix champions the importance of decentralization. Through its Stake-to-Mine system, mining profits are redistributed from big corporations to individual retail investors, ensuring a fairer distribution of rewards. This unique approach fosters inclusivity and empowers individual investors.
Bitcoin Minetrix is well-positioned to capitalize on the upcoming Bitcoin halving. While miners might be concerned about reduced block rewards, historical trends suggest that such events drive up Bitcoin’s value. Bitcoin Minetrix provides investors with an opportunity to tap into this potential surge without incurring the associated capital risks.
The ongoing BTCMTX presale has already garnered significant interest, surpassing $1,582,617 in funds raised towards its $3 million goal. With a competitive token price of only $0.011, early investors have a unique chance to be at the forefront of this stake-to-mine evolution.
Bitcoin Minetrix’s innovative methodologies, stringent security measures, and the vast potential of its stake-to-mine mechanism position it to redefine the Bitcoin landscape. Early bird investors have the opportunity to secure their position in this transformative journey by participating in the BTCMTX presale today.
Disclaimer: It is important to note that cryptocurrency investments carry a high level of risk. This article provides informational purposes only and should not be considered as investment advice. Investors should carefully evaluate their options and understand the potential risks involved, as they could potentially lose all of their capital.
