Satoshi Nakamoto’s X (former Twitter) account wrote about bitcoin for the first time since 2018 – here’s what users need to know

Satoshi Nakamoto

After five years of silence, new posts have started appearing in an account allegedly belonging to Bitcoin (BTC) cryptocurrency founder Satoshi Nakamoto. The last time posts on behalf of the coin creator were published on October 31, 2018, and since then nothing has been heard from him. However, on October 2, 2023, the account posted information about the leading digital asset. In a short period, Satoshi Nakamoto wrote 7 tweets.

Participants of the crypto market argue about who is behind these posts and how it will affect the prices of digital currencies. For this reason, analysts emphasize presales as a way to safeguard investments in altcoins.

Which cheap cryptocurrencies could rise amid the 2023 rally

It’s not uncommon for digital assets worth a few cents to appeal not only to traders with limited budgets, but also to seasoned investors. Bitcoin was once a cheap cryptocurrency too. Therefore, investors assume that such tokens can have significant upside potential during the first few months of open trading. Such assets include:

  • Bitcoin Minetrix. Offers a clear and transparent method of earning money through cloud-based BTC mining via steaking and burning ERC-20 tokens. The recently launched pre-sale has already raised $1.5 million. The coin is sold at a low cost of $0.0111.
  • Meme Kombat. An innovative project that allows investors to earn money by betting on the outcome of the “duel” of meme-coins. The altcoin is priced at just $0.1667 with a 112% APY. Over $500k has been raised since the pre-sale was launched.

Bitcoin Minetrix

Cloud mining is created as a way to mine bitcoin and some other cryptocurrencies. It is suitable for those who cannot afford to buy expensive equipment. The investor just needs to contact a company offering this service, enter into a contract for a predetermined period of time and pay a fee. This provides the reward in BTC.

However, there are many scammers in this niche, so you should be careful when choosing a provider. Sometimes the cost of commissions reduces the benefit of the end result. Some companies have incomplete information about the expected amount of rewards.

As a solution to the shortcomings of cloud mining, a group of developers created a new project – Bitcoin Minetrix (BTCMTX). They utilize the versatility of smart contracts built on the Ethereum blockchain and offer investors a new model for obtaining BTC.

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The innovative Stake-to-Mine (“mining through staking”) system is based on the project token – BTCMTX. The holder of this cryptocurrency earns bitcoins through the placement of his asset in the staking pool. The investor receives special credits that are used to pay for mining BTC through their burning.

Users of the platform have full control over their capital, receiving income denominated in the world’s leading cryptocurrency Bitcoin.

The maximum supply of the BTCMTX token is capped at $4 billion. The current value of each coin is $0.0111, but it will go up in 12 days. For now, Bitcoin Minetrix is the cheapest way to start earning bitcoin. More than $1.5 million has been invested in the project.

Additional advantages of the project include:

  • Democratization of access to Bitcoin cryptocurrency (BTC) mining.
  • The opportunity to win $30,000 in BTCMTX tokens.
  • Being audited by Coinsult is an additional security guarantee for interested investors.

Meme Kombat

The meme token niche has been revitalized again. A new project offering an interesting way to earn money has appeared on the market. This is Meme Kombat (MK), a crypto platform that combines the popularity of memes with an exciting gaming experience.

These coins are often criticized for their lack of utility and certain characteristics that could affect their value. However, the Meme Kombat team aims to change this by offering a new scenario for the use of digital currency.

Meme coins (their computerized characters) will “fight” in the battle arena, potentially bringing profit to viewers and members of the Meme Kombat ecosystem. The project plans to realize two ways of earning money – active and passive. To access each of them, one must purchase the platform’s own token – MK.

Investors can place coins in steaking, as well as direct a part of their assets to bet on fights. This expands the opportunities for profit. Meme Kombat offers a variety of transaction options, including player vs. player (PvP) and player vs. game (PvG), as well as betting on specific outcomes (e.g., the outcome of a fight) The project includes additional markets.

30% of the total amount of MK is allocated to earning mechanisms within the ecosystem. Deployed coins are subject to a 14-day lock-in period, which limits partial withdrawals and ensures the long-term stability of Meme Kombat.

The token pre-sale has started very successfully. More than $500,000 has been raised so far. The value of the coin remains unchanged for the duration of the entire presale – $0.1667.

Meme Kombat’s advantages include:

  • An impressive APY of 112%.
  • Utilizing advanced artificial intelligence technology to create “battles” between memes.
  • Through steaking and betting, investors can increase their token holdings and earn in-game rewards.

What to expect from the cryptocurrency market in October

There is currently a marked divergence in the behavior of Bitcoin (BTC) and Ethereum (ETH) whales. According to Glassnode data, large investors holding 1,000 ETH or more are exhibiting bearish behavior.

In one year, these whales liquidated 12 million ETH. They now own a total of 58 million coins. This number is 74% lower than the maximum historical amount of 78 million ETH in 2020.

In contrast, bitcoin whales, or investors with 1,000 BTC or more, tend to be bullish. These clients’ digital asset holdings are down just 3% from the record high of 78 million BTC in 2022.

Bitcoin’s accumulation helped this coin strengthen significantly in 2023. Sales of Ethereum by large investors prevented the token from demonstrating a similar performance. The two assets have grown 65% and 30% respectively this year.

As whales move large volumes of coins, their behavior may further affect the overall market in October. For this reason, expert James W. Straten warned that Ethereum will be under significant and sustained selling pressure in the near future. If the supply in the market exceeds the demand, the price of ETH will fall.

Wrapping up

Investing in pre-sales is an escape from the volatility of the current market. When a new token is launched as part of a presale, its value defies the trends of the crypto industry and is able to rise thanks to the programmed pre-sale stages. Another increase that the coin can undergo would be its listing on exchanges.

Crypto analysts have gotten involved in evaluating Bitcoin Minetrix and Meme Kombat offerings. Michael Wrubel, known for his predictions regarding promising digital currencies, expects the price of the Bitcoin Minetrix coin to rise. Another expert, Jacob Bury, called Meme Kombat one of the most useful tokens, noting that its value could increase tenfold.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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