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As Uptober continues to drive a surge in on-chain crypto prices, markets remain defiant despite wider risk concern stemming from the conflict between Israel and Hamas – and now in the latest move Snorlax token (SNOR) has exploded +500%.
Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless pump-and-dump moon-shots, including BDOGE, APX, FTX, Blinky, DRS and шайлушай.
Traders on crypto Twitter have been invigorated by the promise of high liquidity – and this has supercharged price action.
SNOR Price Analysis: Snorlax Crypto Price Surges +500% in Israel Risk-Off Defiance
As price rockets high, Snorlax token is currently trading at a market price of $0.0003510 (representing a 24-hour change of +688%).
This comes as the Pokemon-themed token – a tongue-in-cheek reference to the unmovable giant Snorlax character – launched less than 24-hours ago at 13:00 on October 9.
Limited marketing and next-to-no presence on social media saw a slow opening 3-hours for SNOR, with growth limited to a moderate +50% move.
However, at 16:00 the chart came to life, with a sudden influx of volume driving a dramatic +72% uptick in just one hour.
Eagle-eyed DEX traders, poised on-chain to detect spikes in the market, flooded into the project over the next 3-hours in a massive flood of more than $985k in volume.
Price action shifted into moon-shot form, as SNOR crypto price surged +440% to hit an all-time high at $0.000475.
In the hour since, price has entered -7.5% localised retracement, but with an army of 250 holders emerging and a lowly market cap at $390k – everything is to play for as a good entry emerges.
An upside move here could see price rocket up to hit the ATH at $0.000475 again (a potential +35.55%).
While short-time frame risk could see SNOR fall back down to $0.0001875 (a possible -46.49%).
This leaves SNOR with a risk: reward ratio of 0.76 – an entry that could benefit from further retracement.
But while DEX trades are balancing huge risks, an emerging Bitcoin mining presale is breaking out as one of the biggest crypto presales of October 2023.
Introducing Bitcoin Minetrix (BTCMTX): Tokenized Bitcoin Cloud Mining Revolution
Dive into the innovative world of Bitcoin Minetrix and its pioneering stake-to-mine system.
Offering an enticing 1224% Staking APY, it 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.
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 $880K raised towards its $1.54M goal. At a competitive price of just $0.011 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.
Buy BTCMTX Here
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.
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