1. Market Slowdown Post Bitcoin ETF Launch:
- The crypto market, excluding Ethereum, experiences a general slowdown following the lackluster launch of the Bitcoin ETF.
2. Ethereum Affiliated Tokens Defying Trends:
- Despite the market sluggishness, tokens associated with Ethereum, such as ENS, Avalanche, and Ethereum Classic, exhibit resilience and promise.
3. ENS Soars with Vitalik Buterin's Endorsement:
- ENS (Ethereum Name Service) records an impressive 183% surge in one month after receiving an endorsement from Vitalik Buterin, indicating potential for further growth beyond the $25 resistance.
4. Avalanche's Remarkable 120% Gain in a Year:
- Avalanche, another Ethereum-affiliated token, showcases a remarkable 120% gain over the last year and is currently setting sights on reaching the $75 mark.
5. Ethereum Classic Emerges as a Top Gainer:
- Ethereum Classic stands out as the second-largest gainer of the week, boasting a 43% increase and potentially aiming for a target of $37.

The cryptocurrency market is currently experiencing significant volatility, particularly noticeable in major players like Bitcoin and Ethereum, which have seen a decline in value over the past week. This dip follows the lackluster debut of spot Bitcoin ETFs in the United States, causing Bitcoin to drop from nearly $50,000 to around $42,000, and Ethereum from $2,700 to approximately $2,500.
Amidst this market turbulence, a distinctive class of cryptocurrencies is demonstrating resilience and potential for substantial price surges. Notably, Ethereum-affiliated tokens such as Avalanche, Ethereum Classic, and ENS are standing out.
ENS Token's Remarkable Surge:
ENS, previously battered during the 2022 crypto winter, experienced an 80% decline in the third quarter of 2023. However, recent developments, including Ethereum co-founder Vitalik Buterin's endorsement, have sparked a remarkable turnaround. ENS has surged by an impressive 183% in the last month, currently testing the $25 resistance. If this level is breached, a potential 53% rally to the $38 zone could be on the horizon.
Avalanche's Potential Rally to $75:
Avalanche, with a robust 120% gain over the last year, has been notably resilient in the face of recent market sluggishness. The announcement of the "Culture Catalyst" initiative, introducing memecoins, contributed to its positive momentum. Despite a recent 8.7% increase, Avalanche's true potential lies in breaking the $49 high. If successful, the next major resistance to watch is around $75, signaling a significant bullish trend.
Ethereum Classic's Strong Performance:
Ethereum Classic has shown remarkable strength, gaining 43% in the last week, making it the second-largest gainer according to CoinMarketCap. Despite a decline from $32, Ethereum Classic is displaying signs of a bullish rebound from its ascending trendline. If this pattern holds, the next resistance point is projected at $37, representing a potential 36% rally from current prices.
Disclaimer: While Voice of Crypto strives for accuracy, readers are urged to conduct their own research and exercise caution due to the highly volatile nature of cryptocurrencies. The information provided is for informational purposes only, and Voice of Crypto is not liable for any missing facts or inaccuracies. Financial decisions should be made independently, considering individual risk tolerance and market conditions.

#crypto2023 #cryptocurrency #BitcoinETFapproved #BitcoinETFs! #BitcoinETF
$BTC

The crypto world was rocked by the news that the SEC finally approved the first spot bitcoin ETFs in the US. This means that investors can now buy and sell shares of funds that track the price of bitcoin without having to deal with the hassle of owning, storing, or transferring the actual cryptocurrency. Sounds great, right? Well, not so fast. There are some things you need to know before you jump on the bitcoin ETF bandwagon. Here are some tips on how to profit from bitcoin ETFs, and how to avoid some common pitfalls.Tip #1: Know the difference between spot and futures ETFs 📈There are two types of bitcoin ETFs: spot and futures. Spot ETFs track the price of bitcoin directly, while futures ETFs track the price of bitcoin futures contracts, which are agreements to buy or sell bitcoin at a specified price and date in the future. Spot ETFs are more accurate and transparent, but they also face more regulatory hurdles and higher costs. Futures ETFs are easier to launch and cheaper to operate, but they also suffer from tracking errors and rollover risks. For example, if the price of bitcoin futures is higher than the price of bitcoin itself, the ETF will lose money as it has to sell low and buy high every month to maintain its exposure. This is called contango, and it can eat into your returns. 😱So, which type of ETF should you choose? Well, that depends on your risk appetite and investment horizon. If you're a long-term investor who wants to capture the true value of bitcoin, you might prefer spot ETFs. But be prepared to pay higher fees and taxes, and to deal with potential liquidity issues. If you're a short-term trader who wants to speculate on the price movements of bitcoin, you might prefer futures ETFs. But be aware of the tracking errors and rollover risks, and don't be surprised if your returns don't match the performance of bitcoin. 🤷‍♂️Tip 2: Don't put all your eggs in one basket 🥚Bitcoin ETFs are a convenient and accessible way to invest in bitcoin, but they are not a substitute for owning bitcoin itself. Bitcoin ETFs are still subject to the risks and limitations of the traditional financial system, such as hacking, fraud, regulation, and market manipulation. For example, if the SEC decides to revoke its approval of bitcoin ETFs, or if the ETF provider gets hacked or goes bankrupt, you could lose your entire investment. 😭That's why you should never put all your eggs in one basket. Diversify your portfolio by holding some bitcoin directly, as well as other crypto assets and traditional assets. This way, you can hedge against the volatility and uncertainty of the crypto market, and benefit from the growth and innovation of the crypto ecosystem. 💯Tip #3: Have fun and don't take yourself too seriously 😂Bitcoin ETFs are a big deal for the crypto industry, but they are not the end-all and be-all of crypto investing. Bitcoin ETFs are just one of the many ways to participate in the crypto revolution, and they are not without their flaws and challenges. Don't get too obsessed with bitcoin ETFs, and don't let them distract you from the bigger picture. Remember, crypto is not only about making money, but also about having fun and changing the world. 🌎***So, have fun and don't take yourself too seriously. Enjoy the ride, and don't forget to laugh at yourself and the absurdity of the crypto world. After all, we're all crypto clowns in this circus, and we're here to entertain and educate. 🎪I hope you enjoyed this article, and I hope it made you laugh and learn something new. If you did, please share it with your friends and family, and leave a comment below. And if you didn't, well, you can alway unsubscribe and block me. I won't take it personally. 😜Until next time, this is @TheCryptoClown , signing off. Stay safe, stay smart, and stay funny. Peace out. ✌️.#TrendingTopic #ETFsApproval #ETH-ETF #BTC-ETF #BitcoinETFapproved $BTC $ETH $BNB