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Bitcoin struggled to move past the $20k mark in the early weeks of the fourth quarter of 2022. In the SMA bull trend experienced in the early weeks of August, Bitcoin rallied past $24k, at the time the crypto market was full of positivity hitting a $1.5 trillion market cap from the $800 billion level it hit in June 2022.
Later in September, Bitcoin dropped below $20k again for the third time as bulls drag on with bears. This has kept the market to range tightly at $19k price levels. If Bitcoin eventually breaks this price point, this could favor cryptocurrencies like MetaCryp Token and Solana in the coming market week.
As investors brace for market triggers that include Bitcoin range break from $19k and $20k, Bitcoin may still continue in the same range longer than expected, and this could affect the price levels of altcoins.
Bitcoin's controversial price levels have contributed to market uncertainty which has had the most effect on altcoins that depend on its market. However, experts have maintained that any price shift away from $20k could trigger higher prices of many altcoins.
BTC's last high price came in August when it moved past $24k. Investors will, in a short time, expect a rebound to this point and beyond. If this happens, we could expect another short market bull ride while we await a full market bullish trend.
Solana features in the top ten cryptocurrencies list because of the massive respect and attention it gets from the crypto industry and community. Solana will likely power more utilities in the future with the rising innovation on the blockchain.
Solana is one of the few blockchains that can boast of rivaling Ethereum in terms of scalability and efficiency.
Solana is also one of the top cryptocurrencies that are easily swayed by crypto market sentiments. Solana may leverage BTC's range break to soar above its present price points.
With BTC's range break in view, MetaCryp Token, a DeFi newcomer, that aims to take the Metaverse to a whole new level, could hit stronger market values following its presale.
MetaCryp Network will focus on NFTs and the Metaverse. It will incentivize its ecosystem with a play-to-earn protocol using its native token, $MTCR.
The presale is scheduled to run from August to December. During this time, 150 million $MTCR tokens will be sold in three stages, each stage may have a different token minimum price.
You can join the presale right now and earn instant bonuses amounting to more than 32% on the first deposit and 70% on subsequent purchases.
Early buyers of the MetaCryp Token will earn rights to participate in governance and also stake their cryptocurrencies. They will also earn the right to hold exclusive NFTs that will feature in MetaCryp's Country Club Metaverse.
Presale: http://presale.metacryptoken.io/
Website: http://metacryptoken.io/
Telegram: https://t.me/MetaCrypOfficial
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
