Could This Hidden Crypto Gem Be Next?

An uncommon new meme coin referred to as FuZangLong token has arrived with a bang on Ethereum DEX markets, and markets are in awe of the LONG token’s jaw-dropping +9,237% acquire on launch.

This text will present an evaluation of LONG’s present value developments and look to see whether or not a more recent meme coin, Bitcoin Minetrix, represents a extra promising funding alternative.

In a touch to the token’s mysterious origins, in Chinese language mythology, Fuzanglong is an underworld dragon that guards huge trots of treasure and creates new volcanos when it bursts out of the bottom to report again to Heaven.

We at the moment are listed on @coingecko !https://t.co/h3kN6lAKpU

— FuZangLong (伏藏龙) (@fuzanglong_io) February 9, 2024

The token’s explosive reputation breaks a latest development that has seen an enormous shift in meme coin buying and selling from the over-priced and sluggish ERC-20 community over to the Solana blockchain.

LONG Value Evaluation: As New ERC-20 Meme Coin Fuzanglong Token Hammers Close to 10,000% Return On Launch – Will Mysterious Token Survive?

Regardless of a dramatic launch, Fuzanglong token is at the moment buying and selling at a market price of $0.0000001594 (representing a 24-hour change of -93.93%).

The defiant retreat comes as volatility breaks to the south, and early backer’s take revenue on the explosive transfer, triggered upon LONG’s itemizing Yesterday at 12:00 (UTC).

From an preliminary launch value of $0.00002550, LONG value shot-up throughout 7-hours to submit a brand new all-time excessive at $0.00004650 round 18:00 (UTC).

Nevertheless, early backers took the chance to flee with important earnings at a time of low gasoline charges, and this triggered a catastrophic cascade to the draw back.

Certainly, LONG value motion has fallen so dramatically that buying and selling is now at ranges under the preliminary launch value, leading to as many as 426 holders left underwater.

The picture worsens when LONG value evaluation components the meagre $52.24k liquidity pool into play, which stands at only a fraction of Fuzanglong token’s $141.7k market cap.

It appears doubtless that that is the driving issue within the decline in LONG value, which has nearly absolutely succumbed to intense sell-pressure – which represented 100% of LONG transactions over the previous hour.

For these causes, many traders at the moment are shifting their consideration onto the subsequent coin flying excessive attributable to rising virality within the crypto neighborhood – Bitcoin Minetrix.

LONG Value Evaluation Various? New Bitcoin Cloud Mining Undertaking BTCMTX Smashes $10.5M Raised

Dive into the modern world of Bitcoin Minetrix and its pioneering stake-to-mine system – because the skyrocketing presale smashes +$10,562,540 raised – with the newest Stage 24 simply kicking off!

Providing an attractive 64% Staking APY, Bitcoin Minetrix gives a platform the place customers can purchase, stake, after which watch because the rewards begin accumulating.

The true essence of passive revenue within the crypto world has by no means been this accessible.

With the Bitcoin Minetrix method, gone are the times of heavy preliminary capital and navigating advanced mining contracts.

$13M In The Crosshairs: Bitcoin Minetrix Surges Previous $10.5M – Poised to Outperform LONG Value Evaluation

Because the 2021 Bull Run, Bitcoin mining has defied expectations by enterprise one thing of a renaissance in community development.

Bitcoin’s Hash Rate (a measure of the whole quantity of computational energy directed at mining Bitcoin blocks) has surged to an unbelievable all-time excessive of 525 Exahashes per second (EH/S).

The numerous development within the Bitcoin mining sector has been pushed by the growth of Marathon Digital and Riot Platforms’ operations.

Marathon, the world’s largest Bitcoin miner, reported a Q3 2023 average hash rate of 14.2 EH/s, a 500% improve year-over-year, accounting for about 4% of the whole community hash. This capability enabled them to mine roughly 1153 BTC per 30 days, valued at $42.2 million USD.

Riot Platforms achieved a new record hash rate of 10.9 EH/s, mining round 368 BTC per 30 days, value $13.3 million USD. Riot anticipates rising its operations to twenty.2 EH/s by summer time 2024.

Nevertheless, the record-high Bitcoin community hash price, whereas enhancing community safety and profitability for miners, raises issues about transferring away from Satoshi Nakamoto’s authentic imaginative and prescient of decentralization.

Bitcoin mining in 2023 is essentially the most centralized it has ever been in its quick 15-year historical past.

Why Has Bitcoin Mining Grow to be So Centralized?

A better have a look at the abstract of mined blocks over the previous 48-hours reveals {that a} surprising 55.79% of all Bitcoin block rewards go to only two Bitcoin mining swimming pools.

AntPool led with the biggest share, mining 83 blocks (29.123%), and Foundry USA, the second largest pool, mined 76 blocks (26.667%).

This considerably surpasses the quantity mined by third-place F2Pool, with 34 blocks (round 11.93%), underscoring the problem of elevated mining centralization.

This heightened community exercise, and elevated centralization of mining energy has turn out to be clearly mirrored within the consequent all-time excessive within the issue price for mining Bitcoin.

Presently standing at 70,440,798,833,881 – it has by no means been tougher for particular person contributors to interact in worthwhile Bitcoin mining.

Elevated competitors and centralization of mining energy, heightening community issue, necessitate new options for retail traders in Bitcoin mining. This addresses each community decentralization and the profitability of Bitcoin mining for people.

Bitcoin Minetrix was launched to offer retail traders with safe and clear Bitcoin mining rewards. It employs an modern, decentralized method to Bitcoin cloud mining.

The Backside Line: Don’t Miss BTCMTX

In sum, Bitcoin Minetrix is about to redefine the Bitcoin panorama. With its modern methodologies, stringent safety measures, and the huge potential of its stake-to-mine mechanism, it beckons as a profitable alternative for early-bird traders.

Safe your place on this transformative journey by becoming a member of the BTCMTX presale at present.

Purchase BTCMTX Right here

Disclaimer: Crypto is a high-risk asset class. This text is offered for informational functions and doesn’t represent funding recommendation. You could possibly lose your whole capital.