With its commitment to democratization and profitability, X-Mining has been making waves in the Bitcoin mining industry, leaving people to wonder if it is capable of outperforming Ethereum in 2024.
While interest in the adoption of the leading cryptocurrency, Bitcoin, has continued to increase, investors are more interested in exploring the world of Bitcoin mining. Nonetheless, X Mining has become the go-to hub for new investors with this fantasy.
Interestingly, the X Mining presale is live as of the time of writing, offering an impressive annual reward rate of up to 81%. This has propelled the coin to gain significant momentum in the broader market. Hence people are beginning to raise debates about the possibility of XMINING outperforming Ethereum in 2024.
XMining Explained
X Mining is a remarkable cloud mining tool that aims to democratize the process of Bitcoin mining for established mining entities and average crypto users.
Its unique approach to transforming the way Bitcoin is mined offers a plethora of opportunities for users to venture into Bitcoin mining and maximize profit seamlessly. Powered by advanced AI and blockchain tech, X-Mining ensures speedy, secure, and efficient mining services.
Infusing in $XMINING means enjoying continuous rewards thanks to its perpetual mining growth. Its design is tailored for steady growth, making it an attractive choice for those aiming for long-term benefits from mining. Furthermore, this Bitcoin mining infrastructure has recently introduced a Stake-to-mine feature to allow early access to Bitcoin mining profits.
How Does XMINING Rival Ethereum?
Although we can argue that Ethereum has emerged as a leading cryptocurrency among many others because it has proven to be a safer asset due to its low volatility.
While this offers an edge against sudden losses, it also does not guarantee quick profits as it often provides adherents with a slow and steady kind of situation. As a result, traders often turn to other crypto projects when they anticipate higher returns.
This is because new coins tend to offer greater potential for growth due to their smaller market capitalization. Apparently, XMINING is one of such new projects with a smaller market capitalisation, which poses higher returns.
While XMINING may not rival Ethereum in terms of market capitalization, there are high chances that sentiments surrounding the coin will be bullish because its potential gains also extend to mining benefits. In the near future, the coin will be listed on various crypto exchanges and might become one of the hottest cakes in the market.
Will 2024 Bitcoin Halving Influence XMINING’s Performance?
Bitcoin halving has been one of the most anticipated events in the crypto industry. Miners and holders often look up to this period because it usually marks a new beginning in the crypto market.
This means a lot to Bitcoin miners because, during a halving event, the reward that Bitcoin miners receive for confirming transactions and adding new blocks to the blockchain is cut in half.
The fourth and next halving, expected to occur in April 2024, will see mining rewards slashed to 3.125 Bitcoins per block. While this is aimed at maintaining a finite supply of Bitcoin and combating inflation, it causes higher demands, thereby contributing significantly to the value of Bitcoin.
Bitcoin halving is always known to kick-start each cryptocurrency bull run, thereby validating why hopes on crypto projects like XMINING are high, partly due to its relationship with Bitcoin.
XMINING Token Distribution and Presale
The XMINING token follows a transparent distribution plan, dividing its allocation for presale, Bitcoin mining, marketing, staking, and community rewards. The project has allocated 55% (115.5 million tokens) of its total supply to the presale, 15% to community rewards (31.5 million), another 15% to Bitcoin mining (31.5 million), 10% to staked tokens (21 million), and 5% to marketing (10.5 million).
While the presale is still ongoing, the project has already raised $43,624. The presale is progressing through multiple stages, each with increasing prices, starting from $0.0070 to $0.0136. Notably, prices rise with each stage, and the listing price is set at $0.025 per $XMINING.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
