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🅱️ℹ️G News 🔊 🔊 #ETHETFS Ethereum ETF is approved ❗ YES. The US Securities and Exchange Commission (SEC) approved the sale of spot Ether Exchange-Traded Funds (ETFs) in the United States on May 23, 2024. This is the SEC’s second decision regarding crypto Exchange-Traded Products, after approving Bitcoin ETFs and ETP earlier this year. The SEC combined proposals from the Nasdaq, NYSE, and CBOE exchanges, which requested changes to existing rules to allow the trading of Ethereum Exchange-Traded Products (ETPs) and ETFs.
*Bipartisan push for Ethereum ETF* A bipartisan group of US lawmakers advised the SEC in a May 22 letter to approve spot Ethereum exchange-traded funds (ETFs). The lawmakers urged the regulator to apply the same principles it used for spot Bitcoin ETFs to Ethereum ETF applications. They argued that this would demonstrate regulatory consistency. The SEC Chair hinted that a decision on the pending ETH ETF applications is imminent, advising market observers to “stay tuned.”
*Ether ETFs expected to be smaller* Ether ETFs are expected to be smaller, at least initially, than their bitcoin counterparts. The Grayscale Ethereum Trust currently has about $11 billion in assets, much smaller than what the firm's bitcoin fund was before its conversion. The applications approved do not apply to other crypto projects on the Ethereum network. The lack of staking in the ETF products is another reason why ether ETFs may see less demand than their bitcoin counterparts.
Price of Ethereum . The price of ether rose just 2% after the approval, following a 20% surge from earlier in the week in anticipation of the decision. Some investors may also be on pause, as the SEC's rule change approval does not guarantee that all the funds will launch. The SEC's order approves applications from various exchanges to list eight different ether funds, but it does not approve the funds themselves or set a date for the ETFs to begin trading. #BTC #BinanceLaunchpool #altcoins #BlackRock $ETH
$ETH step by step following its previous cycle path👌
🔴1 Phase - [Ready] we breaking out of the accumulation 🟡2 Phase - [Steady] we breaking through our mid-resistance 🟢3 Phase - [Go!] we breaking all time high
Currently we completed a Phase 2 and broke through the mid-resistance, get ready for incoming breakout of All Time High🚀
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🤑 $PEPE In April 2023, Pepe coin's market capitalization was around $10 million, with a trading volume of approximately $100,000. By May 2023, the market capitalization had increased to $50 million, with a trading volume of around $500,000.
In June 2023, Pepe coin's market capitalization reached $100 million, with a trading volume of approximately $1 million Based on the current market trends and the growth of the meme coin community, we predict that Pepe coin's market capitalization will reach $500 million by the end of 2023 the first quarter of 2025, Pepe Coin's market capitalization is expected to reach $2 billion, with a daily trading volume of approximately $10 million. By the second quarter, the market capitalization is predicted to surpass $3 billion, with a daily trading volume of around $15 million. By the third quarter, Pepe Coin's market capitalization is expected to reach $5 billion, with a daily trading volume of approximately $25 million. By the fourth quarter, the market capitalization is predicted to surpass $7 billion, with a daily trading volume of around $35 million
Based on the market capitalization and trading volume predictions, we expect Pepe Coin's price to reach $0.05 by the first quarter of 2025. By the second quarter, the price is predicted to surpass $0.075, with a potential high of $0.10. By the third quarter, Pepe Coin's price is expected to reach $0.15, with a potential high of $0.20. By the fourth quarter, the price is predicted to surpass $0.25, with a potential high of $0.30. 🤑 #BinanceLaunchpool #pizzaday #MicroStrategy #buythedip #BTC
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The future of cryptocurrency is highly optimistic, with experts predicting significant growth and adoption in the coming years. According to a report by Crypto Research Report, the global cryptocurrency market is expected to reach $1.4 billion by 2025, with a compound annual growth rate (CAGR) of 32.3%.
In terms of volume, Bitcoin, the largest cryptocurrency by market capitalization, is expected to reach $100 million in daily trading volume by 2025. Ethereum, the second-largest cryptocurrency, is predicted to reach $50 million in daily trading volume by 2025.
The budget for cryptocurrency development and marketing is also expected to increase significantly in the coming years. According to a report by MarketsandMarkets, the blockchain technology market, which includes cryptocurrency, is expected to grow from $1.2 billion in 2020 to $23.3 billion by 2025, at a CAGR of 62.8%.
Crypto experts are also optimistic about the future of cryptocurrency. According to a survey by CryptoSlate, 75% of crypto experts believe that Bitcoin will reach $50,000 or more by 2025. Additionally, 60% of experts believe that Ethereum will reach $1,000 or more by 2025.
In terms of market capitalization, the top five cryptocurrencies by market capitalization are expected to be:
Overall, the future of cryptocurrency looks bright, with significant growth and adoption expected in the coming years. As the market continues to mature, we can expect to see increased mainstream adoption, improved infrastructure, and new use cases emerge. $BTC $ETH #altcoins #BinanceLaunchpool #ETHETFS