In the quest to transform a modest $100 investment into a substantial $5000 by January 2024, selecting the right coins is crucial. Here are three cost-effective yet promising coins positioned for noteworthy gains:1. Retik Finance: Revolutionizing TransactionsInvesting at a modest $0.050, Retik Finance is an enticing opportunity with a growth target of $2.55. Backed by a strong community and having raised $2,560,313 in its presale, Retik Finance distinguishes itself.🌐 Unique Features:- Decentralized Payment Network: Setting new standards for speed, convenience, safety, and security.- Extensive Cryptocurrency Payment Support: Encouraging widespread adoption of digital assets.- Diverse Payment Options: SwiftPay to subscription payments, addressing various user and business requirements.Retik Finance aims to bridge the gap between traditional fiat and the crypto world, positioning it as a frontrunner for investors seeking substantial returns.2. Polygon (MATIC): Riding the Optimism WavePriced at $1.02, Polygon (MATIC) offers an opportunity for significant returns. To reach $5000, MATIC needs to rise to $51.51, a target supported by recent insights.📈 Potential Upswing:- Symmetrical triangle formation and notable whale activity suggest a potential upswing.- Bullish behavior in whale wallets indicates possible price pumps.Despite the ambitious target, technical analysis and on-chain indicators make Polygon (MATIC) a coin worth considering for profit-seeking investors.3. Cardano (ADA): Symmetrical Triangle Breakout PotentialPriced at $0.624, Cardano (ADA) is poised for significant returns. Climbing to $31.824 would turn your $100 into $5000.📊 Positive Market Indicators:- 8% uptick in the last 24 hours, outperforming Bitcoin and Ethereum.- Symmetrical triangle formation on the 4-hour chart, signaling potential price movements.📈 Maximize Your Returns: Act Now and Ride the Crypto Wave!#BitcoinETFs! #BitcoinPriceDrop #BitcoinETFUpdate #cryptocurrency #BitcoinETFs! #BitcoinPriceDrop #BitcoinETFUpdate #cryptocurrency #crypto2024

Bloomberg Senior ETF analyst Eric Balchunas predicts that Charles Schwab, an $8.5 trillion financial giant, may soon offer a low-fee Bitcoin spot fund.

Read more on: https://thecryptobasic.com/2024/01/29/bloomberg-analyst-predicts-charles-schwab-to-roll-out-bitcoin-etf-with-low-fee-soon/
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Rachel Aguirre, BlackRock US Head of iShares product, has provided insight into the IBIT Bitcoin spot exchange-traded fund (ETF) performance.
Read more on: https://thecryptobasic.com/2024/01/24/blackrock-exec-says-ishares-bitcoin-etf-launch-has-gone-incredibly-well-surpassing-3-5b-in-volume/
#BitcoinETFUpdate #Crypto #Cryptocurrency #CryptonewswithJack #CryptoNewsFlash

- ARK Invest reduces Coinbase holdings by $25 million on January 3, part of a series of sales since December 2021 totaling over $225 million.
- The investment firm maintains interest in crypto but pivots from company stocks to Bitcoin ETFs.
- This shift implies ARK Invest's confidence in Bitcoin's long-term prospects, prioritizing it over Coinbase and Robinhood for 2024.
Over the past few weeks, ARK Invest, a leading investment firm, has been rapidly offloading its shares of Coinbase Global Inc., signaling a significant shift in their investment strategy. This year alone, the company has sold over $225 million worth of Coinbase shares since December 2021.
In a series of transactions, ARK Invest sold 166,183 COIN shares on January 3rd, totaling around $25.3 million, from its ARK Next Generation Internet ETF (ARKW) and ARK Innovation ETF (ARKK). This follows a pattern set in December 2021, where the company liquidated COIN shares valued at over $200 million across various ETFs, including the ARK Fintech Innovation ETF (ARKF).
These consistent sales indicate a notable departure from ARK Invest’s previous bullish stance on Coinbase. Initially an enthusiastic investor during Coinbase's IPO in April 2021, ARK Invest was among the first institutional backers of the exchange, praising its potential to democratize the crypto market. However, the stock’s volatility, fluctuating between $150 and $429, prompted ARK Invest to aggressively divest.
Notably, ARK Invest has also been shedding holdings in other crypto-related stocks, such as Robinhood and the Grayscale Bitcoin Trust (GBTC). They offloaded 23,606 shares of Robinhood valued at approximately $300,000, along with 3,360 Coinbase shares worth over $580,000. Moreover, the liquidation of 2.25 million GBTC shares, approximately $81 million, funded investments in new Bitcoin ETFs launched in October 2021.
Despite divesting from Coinbase and Robinhood, ARK Invest continues to showcase unwavering confidence in cryptocurrencies, particularly Bitcoin and Ethereum. Their strategic shift towards Bitcoin investments via new ETFs, alongside their pursuit of a Bitcoin ETF in collaboration with 21Shares, underlines their optimistic outlook for the crypto market in 2024.
It’s crucial to note that cryptocurrencies are highly volatile assets. While ARK Invest’s actions may indicate their belief in Bitcoin’s potential, individuals should conduct thorough research and exercise caution when making financial decisions in this space.
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