The FWEN token has experienced an astonishing surge of over 1,000% in its on-chain transactions. This surge in popularity can be attributed to the airdrop of the token, which is being distributed in 10% increments. The excitement surrounding the ongoing airdrop has reached new heights as Friend-Tech users anticipate the next round of distribution. Additionally, the upcoming bridge launch, which will enable FWEN trading on the ETH-BASE token bridge, further adds to the hype surrounding the token.
Despite its significant surge, FWEN has managed to consolidate its gains and find strong support at a market price of $0.051961. This represents a remarkable 24-hour change of +947%. The token initially skyrocketed in value during its explosive launch on October 1, where it recorded a price increase of 2,055% within just 5 hours, reaching an all-time high of $0.054300. Although the price has retraced slightly since then, the solid support at $0.051760 suggests that the bullish rally is likely to continue.
The increasing interest in FWEN is evidenced by the significant buy pressure in the market, accounting for 62% of transactions. This surge in demand has also resulted in sensational trading volume, with over $5.18 million traded in the past 24 hours. As a result of this growing interest, FWEN now boasts a market cap of $1.48 million.
With the support level firmly established at $0.051760 after 12 hours of consolidation, the price action of FWEN is primed for further upward movement. In the short term, a potential upside target of $0.053240 represents a 65% increase from its current price. Conversely, the downside risk is limited by the lower support level at $0.051760, which poses a limited downside risk of -10.36%. This risk-to-reward structure of 6.33 presents a promising opportunity for traders looking to enter the emerging ETH-BASE bridge.
While FWEN captures the attention of on-chain traders, there is another token that is gaining traction in the crypto space. Bitcoin Minetrix offers investors the opportunity to diversify their Bitcoin holdings through its innovative Stake-to-Mine model. Unlike traditional mining methods that rely on energy-guzzling equipment, Bitcoin Minetrix allows BTCMTX token holders to stake their tokens and receive mining credits. These credits enable efficient Bitcoin cloud mining that is sustainable, secure, and accessible to all.
Bitcoin Minetrix’s ICO started with a modest price tag of $0.011 per BTCMTX token, making it an affordable investment opportunity. Investors have jumped at the chance to be part of this groundbreaking concept, with the project raising $115,000 within a day of the ICO announcement. The transparency of the mining mechanism and the empowerment it provides to investors sets Bitcoin Minetrix apart from other cloud mining ventures. Investors have full control over their staked tokens and the flexibility to un-stake them as they see fit. The BTCMTX smart contract has undergone rigorous auditing by Coinsult, ensuring its credibility and security.
One of the key advantages of Bitcoin Minetrix is its mission to make Bitcoin mining accessible to everyone. With a minimum investment of just $10, the project aims to democratize the mining landscape and challenge the notion that only elite corporations can participate. This opens up a world of opportunities for individuals who want to join the mining elite without the need for significant capital or technical expertise.
As the crypto industry continues to evolve, Bitcoin derivatives are gaining popularity. Bitcoin Minetrix stands out as a project that not only promises returns but also advocates for the democratization of Bitcoin mining. It is reshaping the landscape of this industry, making it accessible to all. The presale of BTCMTX tokens presents a compelling investment opportunity for those looking to ride the wave of crypto innovation.
Disclaimer: Crypto investments are high-risk assets, and this article is for informational purposes only. It should not be considered as investment advice, and there is a risk of losing the invested capital.