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BNB and Polygon are firm, while most other projects are in red. BNB is up 8.98%, while Polygon is up 20.86% in the last 24 hours. Meanwhile, the new mining crypto Bitcoin Minetrix (BTCMTX) is also seeing notable gains as its presale surges past $6.2 million.
After consolidating, BNB, and Polygon have started to gather momentum, while recent top performers like Solana and Avalanche are cooling down.
BNB and Polygon have broken critical trendline resistance levels on higher time frames.
Renowned trader Captain Fabik weighed in on BNB’s recent upswing on X, stating, “BNB train has also left the Station… Expecting New All-time High in the first half of 2024.”
When writing, BNB is trading at $293.
According to Captain Fabik’s estimates, the recent breakout could see the coin more than 2x in early 2024.
Meanwhile, analyst Debby Holmes reported that a whale recently moved seven altcoins worth $1 billion off the Binance to the BNB Chain.
While the whale’s intentions remain unknown, such a scale of liquidity flowing into the BNB Chain ecosystem is bullish.
Data from DeFi Llama shows that BNB’s total value locked (TVL) is growing.
Moving to Polygon, analyst Captain Fabik is also bullish, pointing out a trendline resistance breakout and a possible surge to $5.
Analyst Ali Charts is also bullish on Polygon, recently speculating that the coin reach $1.73 if it closes above $0.96.
Ali factored in a flag formation on the Polygon price chart, with a weekly close above $0.96 confirming a break to the upside.
But another category seeing notable gains is Bitcoin-related cryptos.
Bitcoin Cash is up 3.55%, and Litecoin is up 2.73% on Dec. 27.
Meanwhile, in the ongoing presale, Bitcoin Minetrix has raised over $6.2 million.
Bitcoin Minetrix presale surges above $6.2 million
Bitcoin Minetrix allows users to cloud mine Bitcoin on Ethereum.
Users stake their BTCMTX in exchange for Bitcoin mining credits which are non-transferable ERC-20 tokens. They can then burn these credits for cloud mining power, earning them Bitcoin.
Users do not require specialist hardware or technical knowledge; they only need an Ethereum-compatible wallet like MetaMask.
Also, since no cash changes hands in the process, Bitcoin Minetrix eradicates the risk of cloud mining scams, which have previously forged a barrier to cloud mining adoption.
Popular YouTuber ClayBro recently suggested that Bitcoin Minetrix “could be the easiest way to mine Bitcoin.”
Meanwhile, analyst Jacob Bury is bullish on BTCMTX.
While its potential remains to be seen, the long-term improving market conditions, upcoming Bitcoin-related events of ETF approvals and the halving, and Bitcoin Minetrix’s use case may support prices.
In the ongoing presale, BTCMTX is available for $0.0124.
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