In a catapult move dazzling meme coin markets, PEPE2 has accelerated up +3,500% in a Pepecoin alternative play – but could this other crypto be next?
Built on the idea of giving new retail investors the opportunity to get in on a second PEPE run, PEPE2 (a Brother’s marketing related project) has seen dramatic growth with almost 25k followers on their X (formerly Twitter) account.
The whole world watching us #PEPE2 pic.twitter.com/UbfeUqM6QL
— Pepe 2.0 #PEPE2 (@pepe2coineth) November 3, 2023
However, it appears the latest PEPE2 coin to skyrocket isn’t the authentic PEPE2 project – with a different contract address and pump and dump price action revealing it as a scamcoin.
PEPE2 Price Analysis: Is PEPE2 a Scamcoin Amid Dramatic Dumping Move?
As price action crashes down, PEPE2 is currently trading at a market price of $0.0001709 (representing a 24-hour change of -94.38%).
This comes following a slow-burning yet sensational launch for the PEPE2 spin-off token, which saw gentle initial traction explode in the 15th hour of trading at 11PM on November 1.
Seemingly fuelled by West Coast trading hours, PEPE2 surged a jaw-dropping +2,200% across 7-hours of trading, as more than 500 holders raced to take position in the emerging skyrocket.
A minor localised retracement move saw price dip down -53% at 6AM on November 2, however, support at $0.0017 primed a second rally leg, with PEPE2 pushing up an additional +142% by 1PM.
This brought gains for early-backers to an astronomical +3,500%, yet, as all too often in DEX markets, it appears the move was too good to be true.
PEPE2 price action rugged at 2PM on November 2, with a catastrophic -90% candle destroying technical structure, leaving stunned bag-holders in despair.
The thunderous dump, despite almost $1m in trading volume, highlights the high risks of DEX tokens with scamcoins such as this PEPE2 spin-off tarnishing the reputation of real projects.
It’s for this reason that smart money capital is instead rushing into presales as a safer, audited alternative to highly volatile plays, and leading the pack in November 2023 is the Bitcoin Minetrix presale – which offers the retail investor access to lucrative Bitcoin mining profits.
Rug-Pull Alternative? Bitcoin Minetrix Presale Skyrockets Towards $3.2M as BTC Beta Play
Dive into the innovative world of Bitcoin Minetrix and its pioneering stake-to-mine system – as the skyrocketing presale smashes +$3,196,818 raised.
Offering an enticing 1224% Staking APY, Bitcoin Minetrix provides a platform where users can buy, stake, and then watch as the rewards start accumulating.
The true essence of passive income in the crypto world has never been this accessible.
With the Bitcoin Minetrix approach, gone are the days of heavy initial capital and navigating complex mining contracts.
Bitcoin Minetrix Smashes $3M Raised as Traders Rally Against Bitcoin Mining Centralization
No longer the mainstay of basement ASICs, Bitcoin mining is now a multi-billion dollar industry, but with the success of Bitcoin mining centers comes the challenge of increased centralization.
Indeed, with just two mining pools (Foundry USA and Antpool) representing 57.5% of the Bitcoin network hashrate, mining centralization is desperately in need of modern solutions to ensure long-term network security.
This is where the magic of Bitcoin Minetrix comes into play, with Bitcoin cloud mining offering the opportunity for everyday investors to claim their slice of the pie – while bolstering Bitcoin’s network security.
All interested parties have to do is buy $BTCMTX tokens in presale and stake them to earn cloud mining credits, with Bitcoin Minetrix’s automated system handling the heavy work.
In effect, this means no more expensive barriers to entry, such as costly hardware requirements or complicated technical understandings – simply buy, stake, and earn to unlock the benefits of Bitcoin mining rewards.
Key Highlights of the BTCMTX Advantage:
Distinctive Edge in the Market: In an industry filled with numerous cloud mining platforms, Bitcoin Minetrix carves a niche for itself. As the first-ever tokenized Bitcoin cloud mining initiative, it offers an automated system that’s geared for cloud-based Bitcoin mining, setting a new standard for the industry.
Safety First with Ethereum Blockchain: Bitcoin Minetrix operates on the tried and trusted Ethereum blockchain. This ensures top-notch security and reliability, allowing users to sidestep the risks associated with external mining pools, and offering a safeguard against potential fraudulent cloud mining services.
Championing True Decentralization: At its core, Bitcoin Minetrix upholds the ethos of decentralization. In an age where centralization often introduces vulnerabilities, Bitcoin Minetrix breaks the mold, redistributing mining profits from big corporations to individual retail investors through its novel Stake-to-Mine system.
Tapping into the Bitcoin Halving Opportunity: Perfectly poised to make the most of the upcoming Bitcoin halving, Bitcoin Minetrix provides investors with a golden opportunity. The impending halving might seem daunting for miners due to reduced block rewards, but historically, such events have driven up Bitcoin’s value. Bitcoin Minetrix provides a platform for investors to tap into this potential surge, sans the associated capital risks.
The BTCMTX Presale Opportunity: The ongoing BTCMTX presale has already garnered significant interest, with over $3,196,818 raised towards its $3.38M goal. At a competitive price of just $0.0114 per token, early investors have a unique chance to be at the forefront of this stake-to-mine evolution.
In sum, Bitcoin Minetrix is set to redefine the Bitcoin landscape. With its innovative methodologies, stringent security measures, and the vast potential of its stake-to-mine mechanism, it beckons as a lucrative opportunity for early-bird investors.
Secure your position in this transformative journey by joining the BTCMTX presale today.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The post As PEPE2 Meme Coin Climbs Up 3500%, This Other Crypto Has Clinched $3.2 Million – Next 100x Crypto? appeared first on Cryptonews.
