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Ethereum price (ETH) has the potential to reach $5,000 in the event of an Ethereum-ETF repurchase. The analyses of the company QCP Capital were informed about this. $ETH



Ethereum price (ETH) has the potential to reach $5,000 in the event of an Ethereum-ETF repurchase. The analyses of the company QCP Capital were informed about this.


$ETH

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Beacon Chain, a blockchain developed for staking and governance, is scheduled to close in June, which is one of the major events for BNB in May. This was only a temporary decision, and now it's over. The DEX module and all other features of Beacon Chain will be moved to Binance Smart Chain. Moving assets from one network to another is a must for anyone concerned about asset loss. This is also relevant when it comes to reassigning BNB tasks. Binance Smart Chain had received over 95% of staked tokens by May's end. More people may be interested in purchasing Binance Coin if this new feature is introduced. For the most part, BNB is still a success. Since the FTX cryptocurrency exchange collapsed in November 2022, just eight altcoins have managed to surpass Bitcoin's all-time highs. Among these is Binance's native coin. $BNB
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American regulators at the SEC have decided what to do next. Companies whose spot ether ETF applications were approved are required to complete Form S-1, which is mandatory for all publicly traded companies, by May 31, according to the agency. It is already being done by some organizations. On the same day that it authorized the spot ETFs, VanEck submitted Form S-1; BlackRock did not do so until May 30. However, not every business was given the go-ahead. The Brazilian Hashdex was one of the unfortunate ones; they applied in November 2023. For the time being, the firm has chosen not to introduce a spot Ether ETF in response to the disapproval of the SEC. The accumulation of ether by major players has increased once again. Notable cryptocurrency trader Ali Martinez saw the pattern. One seasoned investor in X (previously Twitter) reported that there are now more than 1,000 addresses with 10,000 ETH (more than $37 million) in their accounts. If the value of the second-largest cryptocurrency by market cap doesn't rise, then big money has no reason to hold onto it. $ETH
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The analysts at CryptoQuant made a fascinating observation. Many long-term holders started selling their BTC holdings as the price of Bitcoin rose, they noticed. The sell-off ended and accumulation resumed after Bitcoin's price fell to $56,500 in early May. This shows confidence in the future of the cryptocurrency with the largest market cap. According to CryptoQuant, over half of all Bitcoin in circulation went untouched for the last 12 months, despite having been mined or purchased. $BTC
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Over the past 24 hours, the cryptocurrency market has seen a small gain of 0.35 percent, reaching $2.53 trillion. In that time, Bitcoin's value increased by 0.7%, Ethereum's value remained relatively unchanged, and many altcoins experienced minor price fluctuations. Bitcoin seems to have found a temporary balance after remaining under the resistance of a descending corridor for 11 days, and it continues to hover there. While altcoins are a bit more pessimistic. With no change from their 50-day moving averages for more than a week, Litecoin, Cardano, and XRP have all been trending downward. Evidently, the market is taking its time unloading former superstars. This makes sense in theory, but when applied to cryptocurrency, it implies that we haven't entered the "fear of missing out" phase, where all the names add up. $BTC $XRP $LTC $ADA
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Even though Dogwifhat's (WIF) value took a nosedive recently, a trader going by the name Ponzi Trader thinks the meme-based cryptocurrency's price will go up. Breaking through the $3.5 support level, which digital asset trader Jack Skipp deemed critical, WIF's price has dropped 11% to $3.34 in the last day. If he is correct, removing this barrier will cause the token's value to plummet, which would be disastrous. $WIF
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