Jupiter Price Prediction: JUP rises 28% as this innovative Bitcoin cloud mining pre-sale surpasses $10 million.

adminFebruary 4, 2024

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Jupiter price has traded up 28% in the last 24 hours. $0.006871 As of 2:30 AM EST.

Jupiter price prediction

A deeper look at the 15-minute JUP/USDT shows that the price has been trending downwards until recently, and then shows a reversal, rising towards the middle band. The splitting of previous bands means that volatility is increasing following recent price movements.

The price has just crossed the 20 simple moving average (SMA) of the Bollinger Bands. This can be interpreted as a bullish signal if the price stays above the SMA line. On the other hand, the relative strength index (RSI) is 62, slightly higher than the median of 50. This indicates growing momentum on the buyer side. However, it is not yet in overbought territory (above 70), suggesting that there may still be room for an upward move in the price of Jupiter before the asset becomes overbought.

Additionally, the Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), indicating bullish momentum. The histogram shows the green bar increasing in height, reinforcing the bullish outlook. The average directional index (ADX) is 29.64, indicating moderate bullish trend strength.

Jupiter Price Prediction: How Likely is a Reversal?

Based on these indicators, current short-term technical analysis suggests that the market has bullish momentum. However, although the relative strength index is above 50, it is just below the overbought threshold of 70. An RSI above 70 could mean that the asset is overbought and a reversal could follow.

ADX heads south, below 30, indicating that the current trend is not very strong. A decreasing ADX may indicate a weakening trend, which may precede a trend reversal.

15-minute JUP/USDT chart | Source: TradingView

Meanwhile, with Jupiter price rising, Bitcoin Minetrix is emerging as a compelling alternative for investors seeking: Explosive increase in reservation sales in 2024. The project’s BTCMTX token pre-sale raised over $10.2 million, demonstrating great investor confidence.

A promising alternative

Bitcoin Minetrix By integrating cloud mining and cryptocurrency staking, there is no need for expensive mining equipment. Anyone can mine Bitcoin.

Investors using Bitcoin Minetrix’s cloud mining platform have complete control over their mining activities due to its stake-mining functionality. You can participate in decentralized Bitcoin mining using cloud mining credits earned by staking BTCMTX tokens without the risk of fraud that comes with third-party cloud mining services.

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— Bitcoin Minetrix (@bitcoinminetrix) January 25, 2024

second way to make money platform You are staking BTCMTX without doing anything. The staking pool incentivizes participants by generating 65% annual returns. There are over 637 million tokens staked so far.

You can also win BTCMTX tokens by participating in Minedrop contests. Ten lucky winners will each receive $3,000 in this contest, bringing the total prize pool to $30,000.

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Get ready for your chance to win $30,000 worth of prizes $BTCMTX!
For your chance to win one of 10 $3,000 prizes, follow the steps in the link below. $BTCMTX Goods! 💰
➡️ https://t.co/v1UKskxi4Y pic.twitter.com/nseOBTNO9N
— Bitcoin Minetrix (@bitcoinminetrix) October 5, 2023

analyst predict The Bitcoin price rally leading up to the April halving event makes BTCMTX an ideal candidate for a spectacular debut.

Crypto analyst Conor Kenny, who has over 179,000 subscribers on YouTube, supported the plan and said that participating early in the presale could result in huge profits upon launch.

that much BTCMTX Pre-sale We are well on our way to reaching our goal of $10.9 million. Interested buyers should act quickly to purchase BTCMTX tokens before the price increases within a day. Now the token price is only $0.0132.

BTCMTX tokens can be purchased on the official website using USDT, ETH or bank cards.

Visit the official Bitcoin Minetrix page. here.