Can XRP Surpass $100: Advice From Senior Professionals In The Field

By Joe King On Feb 5, 2024

For Ripple (XRP), the beginning of the year has not been good. Since the beginning of the year, the stable coin has lost almost 19% of its value. If you told us that XRP’s price would stay around $0.50 after the altcoin won its case against the SEC last year, we would have thought you were crazy.

But that’s where we are now, and the price has dropped so much that it’s almost back to where it was before the SEC decision. But the fact is that XRP is still one of the most popular altcoins out there. That means buyers still think it will go over $100 one day. After this piece, we’ll talk about what we think its chances are.

But first, let’s take a look at a different altcoin that is on the rise and could take a lot of business from XRP. Bitcoin Minetrix (BTCMTX) just reached a major presale milestone, and whales are still buying a lot of it. In 2024, let’s see how far it can go.

Bitcoin Minetirx: You Don’t Have Much Time Left To Get The Best Price Before The Sale Starts

The Bitcoin Minetrix (BTCMTX) presale just reached a huge new goal: it has now raised more than $10 million! It looks like it might hit its hard cap of just under $11 million next week. That doesn’t give buyers much time to get in at a price that most likely won’t be there when the listings start.

There seems to be a lot of interest in this coin, but why is it getting so much attention? The major reason is that it could be a lot bigger than that. Bitcoin Minetirx could really change the way we mine crypto for the better. Of course, buyers can make a lot of cryptocurrency from the project too, which is nice.

Because of this, whales have been very interested in this presale. Bitcoin Minetrix could quickly become well-known because it could help Bitcoin hit new highs. The plan’s goal is to fix the mining issue that Bitcoin is facing at the moment.

Many people don’t like the process of mining Bitcoin. Environmental groups complain about how much energy the data centers that mine Bitcoin use, and some people in the crypto world don’t like the process either.

Crypto is meant to be a decentralized movement that lets people control their own assets without any interference from anyone else.

Then what happens when most people can’t afford to mine the most valuable token on the market? It’s more like the way things work in regular banking, which is what crypto is meant to fight against.

Only the rich control everything. It is now almost always done in these data centers, but only the very rich can afford to run them because they cost so much money.

It’s hard to believe that Bitcoin Minetrix is both a cheaper and better way to mine Bitcoin. This makes both people who are protesting for the earth and people who are critical of the crypto community happy. Cloud mining is the key to the problem.

Also Read: 10 Memecoins: That Are Making Waves In The Crypto Space

What Makes Bitcoin Minetrix So Useful Is A Clever Change To Cloud Mining

Cloud mining was the first idea to save Bitcoin mining and make it possible for everyone to do it again. The concept is that anyone who wants to mine Bitcoin can make a cash deal with a company that can do it, and then that person can mine Bitcoin.

But the mining companies have shown how greedy they are by charging way too much for resources and also wanting a cut of whatever the person mines. Actually, the worst part is that there are so many con artists in the cloud mining business that it’s not even worth it to do it.

Using Bitcoin Minetirx, on the other hand, saw that the idea behind cloud mining was good; it just needed some changes. What they found was that staking puts the power back in the hands of the person. There is a name for this method: “stake-to-mine.”

Staking is what keeps the environment going, and over 620 million BTCMTX tokens have already been staked. This means that the project should do well once listings start.

People who invest in these tokens can wait for them to rise in value, which will pay off in the long run. To get mine credits instead, they can trade them in.

You can’t give these secondary ERC-20 tokens to anyone else, and they only have one use: to be burned in exchange for mining time or a share of mining returns. There are many steps in this process, but the funder is always in charge.

It is a cheaper and better way to mine Bitcoin, as we already said. This means that it could help the number one token on the market do well.

The stake-to-mine method could even be used by other proof-of-work projects, so it might not end there. You can see why we think it will do much better than XRP in 2024.

There Aren’t Any Signs That XRP Will Hit $100 Any Time Soon, Not Even $1

It’s not pretty to look at how Ripple (XRP) has done since the beginning of the year. This is a bad sign because there are no signs that things will get better any time soon. The price is down almost 18%.

Not only is there a bearish continuation pattern for XRP that shows bad times are coming, but the big whales are also starting to leave the market.

There are more numbers that show that XRP is not going to pump any time soon. An XRP ETF in the future could save the day, but experts already say that won’t happen any time soon. Investors in XRP are not in luck right now; there is no good news.

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