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💰💰💰💰ETH purchasing may rise 60% with ETF approval💰💰💰💰💰 The U.S. approval of spot ether ETFs might boost the token's value, similar to bitcoin ETFs. Bitcoin rose to over $73,000 from $42,000 in the two weeks after the ETF started trading on Jan. 11 "With Friday implied volatility above 100%, the market is expecting fireworks," warned QCP. The DTCC listed VanEck's ETF. We believe clearance is imminent, with trade anticipated next week.” Implied volatility quantifies the market's prediction of financial instrument price changes. On-chain analytics company CryptoQuant said Wednesday that centralized and blockchain-based crypto exchanges saw more buying. Holders acquired over 100,000 ETH in spot exchanges on Tuesday, the largest day volume since September 2023, as word of a positive ruling spread and experts raised probabilities to above 75% from 25%. Wednesday saw the greatest daily ether influx since September at 100,000. (CryptoQuant) Open interest on ether-tracked futures reached a record $14 billion. That's 67% of bitcoin open interest on Wednesday, extraordinarily high. The Chicago Mercantile Exchange, preferred by institutions, saw ether futures trade a record $2.85 billion on Tuesday, according to a spokeswoman. Ether options exchanged a record 1,135 contracts ($216 million). CryptoQuant said that traders are now exposed to ETH more than Bitcoin. "The largest daily spot buying from ETH permanent holders so far in 2024." It claimed investors contributed 62,000 ETH to exchanges, the largest since early March, which might affect ether prices. “High exchange flows usually cause price volatility.” The firm's analysts predicted a “significant price correction” if the ETF proposal is rejected. Six issuers, including BlackRock, amended their ether ETF proposals this week before a decision today. All dropped plans to stake the token, suggesting a regulatory issue. Staking involves locking a coin for a specific time to sustain a blockchain for a payout. Crypto traders consider these awards passive income. #ETHETFS #altcoins #BTC #ETH $ETH

💰💰💰💰ETH purchasing may rise 60% with ETF approval💰💰💰💰💰

The U.S. approval of spot ether ETFs might boost the token's value, similar to bitcoin ETFs.

Bitcoin rose to over $73,000 from $42,000 in the two weeks after the ETF started trading on Jan. 11


"With Friday implied volatility above 100%, the market is expecting fireworks," warned QCP. The DTCC listed VanEck's ETF. We believe clearance is imminent, with trade anticipated next week.”

Implied volatility quantifies the market's prediction of financial instrument price changes.

On-chain analytics company CryptoQuant said Wednesday that centralized and blockchain-based crypto exchanges saw more buying. Holders acquired over 100,000 ETH in spot exchanges on Tuesday, the largest day volume since September 2023, as word of a positive ruling spread and experts raised probabilities to above 75% from 25%.

Wednesday saw the greatest daily ether influx since September at 100,000. (CryptoQuant)

Open interest on ether-tracked futures reached a record $14 billion. That's 67% of bitcoin open interest on Wednesday, extraordinarily high.

The Chicago Mercantile Exchange, preferred by institutions, saw ether futures trade a record $2.85 billion on Tuesday, according to a spokeswoman. Ether options exchanged a record 1,135 contracts ($216 million).

CryptoQuant said that traders are now exposed to ETH more than Bitcoin. "The largest daily spot buying from ETH permanent holders so far in 2024."

It claimed investors contributed 62,000 ETH to exchanges, the largest since early March, which might affect ether prices. “High exchange flows usually cause price volatility.”

The firm's analysts predicted a “significant price correction” if the ETF proposal is rejected.

Six issuers, including BlackRock, amended their ether ETF proposals this week before a decision today. All dropped plans to stake the token, suggesting a regulatory issue.

Staking involves locking a coin for a specific time to sustain a blockchain for a payout. Crypto traders consider these awards passive income.

#ETHETFS #altcoins #BTC #ETH $ETH

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Will Solana (SOL) Soon See a Massive Pump in Value After a Whale Transfers $372 Million? "Whales" are major investors of Solana (SOL) who recently organized six huge transactions using SOL valued more than $500 million in under 24 hours. Although 1.6 million SOL tokens, or about $230 million, were sent to a Coinbase-linked wallet, which may indicate a sale intent, 80% of the transactions included transfers between anonymous wallets, which is more indicative of asset management than a mass sell-off. The continuing meme currency fever has driven a spike of activity on the Solana network, even though the price of SOL has just declined. It seems that there is still a lot of interest in SOL, even with the whales moving about. Because market participants are split over fears of selling pressure and hopes for the network's continued activity, it is impossible to say how these transactions will affect the price of SOL in the long run. The 4-hour chart shows that Solana (SOL) is presently trading at $144.36, and it is positioned inside a declining channel. The initial line of resistance and the immediate pivot point are both located at $145.56. If SOL manages to climb above this level, it may face more hurdles at $152.11 and $157.66. On the other hand, $139.72 is the level of urgent assistance. If this level is not maintained, a further drop into $132.31 and perhaps $126.77 might be in store. At its present level of $151.77, the 50-day Exponential Moving Average (EMA) serves as a strong level of resistance. With SOL's price still below this EMA, a negative trend is likely to continue for the foreseeable future. Presently, SOL is approaching oversold territory, as indicated by the Relative Strength Index (RSI) which is at 40. The price is now below the 50-day exponential moving average (EMA) and is part of a falling channel, so although this might set off a comeback, the trend is still negative. In conclusion, Solana's price forecast is still negative below 145.50 and positive above 145.50. #Solana #Sol $SOL
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As meme coins gain popularity, crypto experts predict a #Dogecoin ETF Dogecoin may establish an Exchange-Traded Fund (ETF) shortly, according to two major crypto industry specialists. Crypto Leaders Announce Dogecoin ETF In a recent Coin Bureau YouTube podcast, BitMEX co-founder Arthur Hayes and Real Vision CEO and co-founder Raoul Pal discussed the possibilities for a Dogecoin ETF as joke currencies gain popularity. Hayes said Dogecoin might obtain an ETF before the end of the cycle when asked about his meme currency portfolio. He predicted Dogecoin's rise throughout the years, citing its position as the oldest meme currency in the crypto market, giving it an advantage over other meme-based cryptocurrencies. Hayes also mentioned Dogecoin's $19.7 billion market worth. CoinMarketCap ranks the meme coin as the biggest meme-based cryptocurrency by market capitalization. Dogecoin has also had a major cultural influence on crypto and investing. Pal shared Hayes' forecast of a Dogecoin ETF by market close. After discussing a Dogecoin ETF with VanEck CEO Jan van Eck, an investment management business and Spot Bitcoin ETFs supplier, he strongly supported it. When asked whether a Dogecoin ETF may boost Spot Ethereum ETF demand, the Real Vision CEO noted that Dogecoin has outperformed Bitcoin in every bull cycle, solidifying its standing as a crypto powerhouse. He also said he has been working behind the scenes to get VanEck's CEO to establish a Dogecoin ETF. Meme currencies are gaining popularity in crypto, therefore many are betting on the next big smash. Hayes and Pal discussed which meme currencies they think would have the greatest crypto market narratives in the interview. Pal said he invested in Dogecoin but was 90% long on Solana. Hayes, however, displayed a more diverse meme currency portfolio, including Bonk (BONK), Dogwifhat (WIF), and Dogecoin. His 2024 investing strategy: “Be long, don’t sell, don’t get shook, and don’t use too much leverage.” #DOGE $DOGE
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💵💵💵June Edition: 3 Cryptos That Can Make $1 into $1,000 by 2040 🔥Ethereum: The BTC runner-up, ETH emphasizes network investment. 🔥Solana: SOL investment demands assurance of long-term adoption. 🔥RichQUACK: Rich Quack is aimed at providing its holders with a chance to make money, by investing, building, holding and winning. Ethereum Ethereum, the long-term runner-up to Bitcoin, grows with the crypto market. Like Bitcoin, Ethereum requires market time rather than timing. Thus, ETH investors who can stay calm while crypto sentiments change would gain most. Solana The “Ethereum killer” Solana (SOL-USD) has fluctuated more than the other two cryptos on this list. It's not the newest technology, but its growing popularity and use cases in the crypto industry have helped it rebound from the 2022 crypto bear market. Much of this depends on how much adoption drives its price. Thank goodness Solana is one of the cheapest and quickest blockchain networks. This is why many popular meme currencies use its network. RichQUACK Rich Quack, another hyper-deflationary Binance Smart Chain (BSC) meme coin, promises “frictionless yield generation” to investors. Holders don't need to stake or wait for fees. The smart contract awards fees and promptly credits the holder's balance. RichQuack offers investors, builders, holders, and winners an opportunity to gain money. Rich Quack aims to do that by developing a community of hardworking, goal-oriented individuals. A safe and secure investment and fundraising website with a jackpot raffle for holding and lotteries that pays out every hour, day, week, and month is the project's goal. #RichQUACK🐤 #Solana #ETH $ETH $SOL
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There is competition between SHIB and ADA and the price of Dogwifhat goes up Cardano (ADA) is a cryptocurrency that is closely competing with Shiba Inu (SHIB), which has recently witnessed a huge growth in market value, which is currently more than fifteen billion dollars. As of the 27th of May, the market capitalization of SHIB has increased from around $14 billion, indicating that the momentum is strong. The trading activity of SHIB is mostly driven by purchasing activity, which indicates that investor interest is growing by the day. The cryptocurrency SHIB, which is now selling at roughly $0.000027, has had a 2% growth, which may possibly represent its third consecutive day of gains. This is in stark contrast to the lackluster performance of Cardano, which is currently trading at approximately $0.46 with just a 1% increase. Also read: What to Expect from Xai Vanguard: Genesis Cardano's market worth is close to being surpassed by Shiba Inu. Dogwifhat has a considerable increase in the amount of transactions. Among the vibrant meme coin market, Dogwifhat (WIF) has differentiated itself by achieving a 39% growth in trading volume, which has resulted in its current valuation of $2.68 billion. This indicates that investors are very interested in the cryptocurrency. The current price of WIF is $3.75, and it has increased by 6.76% in the last twenty-four hours and by forty percent over the course of the past month, demonstrating strong bullish momentum. As a result of the 14.15% rise in Open Interest, traders are becoming more optimistic, which implies that the market is showing a favorable perspective for its future. #ADA #SHIB #WIF $SHIB $WIF
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