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To have a million dollars worth of VET at $0.1, you would need 10,000,000 (10 million) tokens. The price of 10 million VET right now is about $350,000. The price rise would translate to a growth of over 185%.
Also Read: VeChain (VET) Predicted to Rally 185%, Hit $0.077: Here is When
However, the question now is whether VET can rally another 185%. In short, the project has the potential to do so. The token has already rallied by over 180% since January. If it can continue its bullish path, VET could hit $0.01 as early as next year.
Changelly, however, predicts VeChain (VET) to reach $0.1 by July 2026, almost 2-and-a-half years from now. As for 2024, Changelly anticipates a maximum price of $0.06, which it could attain in December.
Telegaon, on the other hand, predicts VeChain (VET) to reach $0.1 by 2025. The platform anticipates the token to hit a maximum price of $0.09 sometime in 2024.
Nonetheless, we could reach the $0.1 target in 2024 if the crypto market enters a bull run. Many analysts have predicted a bull run in 2024, fuelled by a spot Bitcoin (BTC) ETF (Exchange Traded Fund) approval by the US SEC (Securities and Exchange Commission) and BTC’s halving event in April next year.
VeChain #VETUSDT #vet
Also Read: VeChain (VET) Predicted to Rally 185%, Hit $0.077: Here is When
However, the question now is whether VET can rally another 185%. In short, the project has the potential to do so. The token has already rallied by over 180% since January. If it can continue its bullish path, VET could hit $0.01 as early as next year.
Changelly, however, predicts VeChain (VET) to reach $0.1 by July 2026, almost 2-and-a-half years from now. As for 2024, Changelly anticipates a maximum price of $0.06, which it could attain in December.
Telegaon, on the other hand, predicts VeChain (VET) to reach $0.1 by 2025. The platform anticipates the token to hit a maximum price of $0.09 sometime in 2024.
Nonetheless, we could reach the $0.1 target in 2024 if the crypto market enters a bull run. Many analysts have predicted a bull run in 2024, fuelled by a spot Bitcoin (BTC) ETF (Exchange Traded Fund) approval by the US SEC (Securities and Exchange Commission) and BTC’s halving event in April next year.
VeChain #VETUSDT #vet
In a surprising turn of events, the Shiba Inu (SHIB) token burn has experienced an unprecedented surge, witnessing an impressive increase of over 400% in the past 24 hours. This development comes as the Shiba Inu community eagerly anticipates further gains in the value of the cryptocurrency.
In the past 24 hours, there have been a total of 5,316,694 $SHIB tokens burned and 6 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/rMUNSzCxZh
— Shibburn (@shibburn) December 21, 2023
Shibburn, a prominent tracker of SHIB token burns, has reported a staggering total of 5,316,694 SHIB tokens burned in the last 24 hours, accompanied by six transactions. This notable increase has propelled the burn rate to a remarkable 421.41%. As of the latest update, the current price of Shiba Inu stands at $0.00001033, marking a 1.12% uptick in the last 24 hours. Impressively, the token has surged by 23.99% in the last 30 days, adding to the optimism surrounding SHIB's performance.
Positive development for SHIB
This surge in the token burn rate indicates heightened activity within the Shiba Inu community, as holders actively participate in reducing the circulating supply of SHIB tokens. The burning mechanism, designed to contribute to the scarcity of the token, has become a key factor influencing the dynamics of Shiba Inu's price.
In a separate positive development, as previously reported by U.Today, Lucie, the official marketing expert of the Shiba Inu team, revealed that layer-2 network Shibarium has surpassed the impressive 150 million mark in overall transaction count. This achievement underscores the growing adoption and utilization of Shiba Inu's technological infrastructure.
The increased burn rate and the milestone achieved by Shibarium contribute to the positive sentiment surrounding Shiba Inu, and the community eagerly awaits further developments that may propel SHIB to new heights.#SHIB💥
In the past 24 hours, there have been a total of 5,316,694 $SHIB tokens burned and 6 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/rMUNSzCxZh
— Shibburn (@shibburn) December 21, 2023
Shibburn, a prominent tracker of SHIB token burns, has reported a staggering total of 5,316,694 SHIB tokens burned in the last 24 hours, accompanied by six transactions. This notable increase has propelled the burn rate to a remarkable 421.41%. As of the latest update, the current price of Shiba Inu stands at $0.00001033, marking a 1.12% uptick in the last 24 hours. Impressively, the token has surged by 23.99% in the last 30 days, adding to the optimism surrounding SHIB's performance.
Positive development for SHIB
This surge in the token burn rate indicates heightened activity within the Shiba Inu community, as holders actively participate in reducing the circulating supply of SHIB tokens. The burning mechanism, designed to contribute to the scarcity of the token, has become a key factor influencing the dynamics of Shiba Inu's price.
In a separate positive development, as previously reported by U.Today, Lucie, the official marketing expert of the Shiba Inu team, revealed that layer-2 network Shibarium has surpassed the impressive 150 million mark in overall transaction count. This achievement underscores the growing adoption and utilization of Shiba Inu's technological infrastructure.
The increased burn rate and the milestone achieved by Shibarium contribute to the positive sentiment surrounding Shiba Inu, and the community eagerly awaits further developments that may propel SHIB to new heights.#SHIB💥
Bitcoin rose from $40.5K support but faces resistance at $43.5K.
According to Coingabbar Technical Analysis, Bitcoin recently surged, finding support at $40,500.
Despite a 5% increase, bears are defending the $43,500 resistance zone.
The fate of BTC hinges on overcoming the $43,500 barrier; failure could lead to a decline.
On the 4-hour chart, a falling wedge pattern breakout and a Double Bottom formation signal potential bullish momentum.
A symmetrical triangle on the weekly chart broke out, placing control in the hands of the bulls.
The pivotal question remains: Will Bitcoin breach the crucial $43,500 level?
KEY LEVELS :
RESISTANCE LEVEL : $43,500-$44,000
SUPPORT LEVEL : $42,600-$42,100
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice. #BTC #INJ #BONK #ACE
According to Coingabbar Technical Analysis, Bitcoin recently surged, finding support at $40,500.
Despite a 5% increase, bears are defending the $43,500 resistance zone.
The fate of BTC hinges on overcoming the $43,500 barrier; failure could lead to a decline.
On the 4-hour chart, a falling wedge pattern breakout and a Double Bottom formation signal potential bullish momentum.
A symmetrical triangle on the weekly chart broke out, placing control in the hands of the bulls.
The pivotal question remains: Will Bitcoin breach the crucial $43,500 level?
KEY LEVELS :
RESISTANCE LEVEL : $43,500-$44,000
SUPPORT LEVEL : $42,600-$42,100
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice. #BTC #INJ #BONK #ACE
👍🏻👍🏻
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Cointelegraph
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SEC Delays Several Ethereum ETFs, Pushing Final Decision to May
The United States Securities and Exchange Commission is pushing back its decision on several Ether (ETH) exchange-traded funds (ETFs) to May 2024.
In several Dec. 18 regulatory filings, the agency delayed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF.
The Hashdex Ether ETF aims to hold both spot Ether and futures contracts, while Grayscale’s Ethereum Futures ETF is seen as a “trojan horse” that would corner the SEC into allowing Grayscale to convert its Ethereum Trust to a spot Ethereum ETF.
In the filings, the agency said it was instituting proceedings that involve gathering further public input around whether or not the ETFs should be listed.
The agency also pushed back its decision on the VanEck spot Ethereum ETF and the spot Ethereum ETF lodged by Cathie Wood’s ARK Invest and 21Shares.
Update: There it is. Delay order for @ARKInvest and @21Shares on their spot #Ethereum ETF filing. Expected and was due by December 26th. Final date for these are in late May. https://t.co/Zs6Zsd4uKj pic.twitter.com/9u0nNiPD9O
— James Seyffart (@JSeyff) December 18, 2023
According to Bloomberg ETF analyst James Seyffart, these delays were “expected” and were due to arrive sometime before Dec. 25.
He added that the final date the regulator can decide on the ETFs will arrive in late May.
UPDATE: SEC Going early with delay orders for @hashdex & @Grayscale #Ethereum ETF filings. Neither were due until Jan 1, 2024. Maybe just clearing the queue before the holidays? pic.twitter.com/LdZQxGh43L
— James Seyffart (@JSeyff) December 18, 2023
Despite the SEC having approved Ethereum futures ETFs in the past, the agency has yet to approve a spot or mixed-type product.
Related: SEC pushes deadline to decide on Grayscale spot Ether ETF
Meanwhile, most of the market is focused on whether the SEC will approve 13 spot Bitcoin (BTC) ETFs before the agency. According to Seyffart and fellow Bloomberg ETF analyst Eric Balchunas, the SEC could decide as early as Jan. 10.
Both analysts have pegged the chances of a spot Bitcoin ETF approval at 90%. The markets have been buoyed by the optimism that comes with institutional access to Bitcoin. In the last six months, the price of Bitcoin has grown more than 44%.
While touting slightly less significant gains, Ether’s price has grown 16.8% within the same time frame, per TradingView data.
Magazine: Terrorism and the Israel-Gaza war have been weaponized to destroy crypto
In several Dec. 18 regulatory filings, the agency delayed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF.
The Hashdex Ether ETF aims to hold both spot Ether and futures contracts, while Grayscale’s Ethereum Futures ETF is seen as a “trojan horse” that would corner the SEC into allowing Grayscale to convert its Ethereum Trust to a spot Ethereum ETF.
In the filings, the agency said it was instituting proceedings that involve gathering further public input around whether or not the ETFs should be listed.
The agency also pushed back its decision on the VanEck spot Ethereum ETF and the spot Ethereum ETF lodged by Cathie Wood’s ARK Invest and 21Shares.
Update: There it is. Delay order for @ARKInvest and @21Shares on their spot #Ethereum ETF filing. Expected and was due by December 26th. Final date for these are in late May. https://t.co/Zs6Zsd4uKj pic.twitter.com/9u0nNiPD9O
— James Seyffart (@JSeyff) December 18, 2023
According to Bloomberg ETF analyst James Seyffart, these delays were “expected” and were due to arrive sometime before Dec. 25.
He added that the final date the regulator can decide on the ETFs will arrive in late May.
UPDATE: SEC Going early with delay orders for @hashdex & @Grayscale #Ethereum ETF filings. Neither were due until Jan 1, 2024. Maybe just clearing the queue before the holidays? pic.twitter.com/LdZQxGh43L
— James Seyffart (@JSeyff) December 18, 2023
Despite the SEC having approved Ethereum futures ETFs in the past, the agency has yet to approve a spot or mixed-type product.
Related: SEC pushes deadline to decide on Grayscale spot Ether ETF
Meanwhile, most of the market is focused on whether the SEC will approve 13 spot Bitcoin (BTC) ETFs before the agency. According to Seyffart and fellow Bloomberg ETF analyst Eric Balchunas, the SEC could decide as early as Jan. 10.
Both analysts have pegged the chances of a spot Bitcoin ETF approval at 90%. The markets have been buoyed by the optimism that comes with institutional access to Bitcoin. In the last six months, the price of Bitcoin has grown more than 44%.
While touting slightly less significant gains, Ether’s price has grown 16.8% within the same time frame, per TradingView data.
Magazine: Terrorism and the Israel-Gaza war have been weaponized to destroy crypto
Worldcoin price analysis: WLD continues above $4.0 after a brief dip
TL;DR Breakdown
Worldcoin price analysis shows WLD has corrected lower after a period of bullish rally
WLD price change has been fueled by a positive sentiment in the crypto market
WLD price has been able to maintain its position above $4.0 despite the dip, showing strong support levels
Worldcoin continues to show steady growth, with its price currently floating above $4.0 after a small dip. This positive trend has been characterized by high volatility as the price has been oscillating between $3.68 to $4.27, indicating strong investor interest and market movement.
The surge in Worldcoin’s price can be attributed to the recent funding efforts led by OpenAI CEO Sam Altman, who is committed to supporting the project’s ambitious goals. This additional capital injection has increased investor confidence in Worldcoin’s potential for global adoption and technological advancements.
Adoption of Worldcoin’s technology, particularly its unique orb devices, has been steadily increasing with over 2.6 million individuals worldwide interacting with them for digital ID and complimentary cryptocurrency. However, this growth has also brought about regulatory scrutiny and concerns over data privacy.#WLD.
TL;DR Breakdown
Worldcoin price analysis shows WLD has corrected lower after a period of bullish rally
WLD price change has been fueled by a positive sentiment in the crypto market
WLD price has been able to maintain its position above $4.0 despite the dip, showing strong support levels
Worldcoin continues to show steady growth, with its price currently floating above $4.0 after a small dip. This positive trend has been characterized by high volatility as the price has been oscillating between $3.68 to $4.27, indicating strong investor interest and market movement.
The surge in Worldcoin’s price can be attributed to the recent funding efforts led by OpenAI CEO Sam Altman, who is committed to supporting the project’s ambitious goals. This additional capital injection has increased investor confidence in Worldcoin’s potential for global adoption and technological advancements.
Adoption of Worldcoin’s technology, particularly its unique orb devices, has been steadily increasing with over 2.6 million individuals worldwide interacting with them for digital ID and complimentary cryptocurrency. However, this growth has also brought about regulatory scrutiny and concerns over data privacy.#WLD.
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Crypto News
Bitcoin Argentina Presents Draft Law Proposal to Strengthen Public Trust and Maintain Decentralization in the Crypto Market
Crypto News
Bitcoin Argentina Presents Draft Law Proposal to Strengthen Public Trust and Maintain Decentralization in the Crypto Market