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SEC reacted with its postponement decision: It does not let go of ETFs The U.S. Securities and Exchange Commission (#SEC ) has postponed approval of the Hashdex Nasdaq Crypto Index #US ETF, which will cease holding both Bitcoin and Ethereum. The SEC published a filing on Friday stating that it will extend the initial 45-day review period for the Hashdex ETF proposal. A new deadline of September 30 is set for conducting the process to approve, reject, or disapprove the optional rule change. SEC continues to operate in Spot ETFs Nasdaq has requested permission to list and trade shares of the Hashdex Nasdaq Crypto Index US ETF, which is scheduled to submit a proposal for the ETF to the SEC on June 17. If approved, the entity would be allowed to buy and sell shares of this ETF, which is designed to track the value of both leading cryptocurrencies. The SEC said, “The Commission finds it appropriate to set a longer period for conducting transactions related to the proposed rule changes; “Therefore, it will have sufficient time to address the proposed rule changes and what is presented in this amendment,” he said. The decision to postpone comes amid heightened expectations, especially after the SEC approved the launch of Bitcoin ETFs earlier this year and Ethereum ETFs shortly thereafter. After several issues arose prior to the launch of spot ETFs, the SEC did not surprise this time. The institution has been criticized by those who have observed, especially since the recent particle precipitation caused declines in various cryptocurrencies. #ETF #binance #BTC
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😱🚀Be very careful about these 3 Memecoins, they may have explosion potential🐸🐶🐕 #PEPE Coin Could Be The Next Big Thing In The Crypto World PEPE is a new cryptocurrency gaining attention for its fun and easy-to-use aspects. Inspired by the Pepe meme, it combines cultural relevance with blockchain tech. As interest in altcoins surges, $PEPE stands out for its strong community support and potential for high returns. With the market showing signs of another bull run, this coin might be a good pick for those looking to ride the wave. Its unique branding and early-stage growth make it an exciting option. #SHIB Is Ready for Liftoff: Can It Be the Next Big Crypto? SHIB, or Shiba Inu, is a meme coin that has taken the crypto world by storm. Created as a fun, community-driven token, it’s now attracting serious attention. $SHIB runs on the Ethereum blockchain, giving it a solid tech foundation. With a growing ecosystem, including its own decentralized exchange (ShibaSwap), the coin is winning more fans. Given the patterns from 2021 and rising interest in altcoins, SHIB looks set for a potential upward surge. It might just be the right time to keep an eye on this playful yet promising token. Dogecoin: The Fun Meme Coin with Serious Growth Potential Dogecoin might have started as a joke, but it’s no laughing matter now. Created in 2013, this coin has surged in popularity thanks to its strong community and celebrity endorsements. With low transaction fees and fast processing times, #DOGE offers practical advantages. As the market gears up for another bull run and altcoin season, Dogecoin’s playful charm and real-world utility make it an attractive option. #memecoins
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😱🚀Top Analyst Tells Forbes Shiba Inu Still Has Potential to Surge 610% This Year👀🐶 An industry analyst tells Forbes that a six-fold return on investment in Shiba Inu remains an outlook for 2024. In recent weeks, the price of #ShibaInu has been unimpressive as it struggles through the recovery phase from the recent collapse. Shiba Inu hovers around $0.00001409, increasing by 2% in the last 24 hours. However, considering that $SHIB collapsed to $0.00001087 last Monday, the meme coin has surged by 29.62% since then. While Shiba Inu’s recovery phase remains in progress, Forbes editors have sampled expert opinions on where the SHIB price could be headed in a less bearish market. $0.0001 Possible for Shiba Inu This Year When asked by Forbes, the chairman of the CIFDAQ Blockchain Ecosystem, Himanshu Maradiya, argued that Shiba Inu can attain the $0.0001 price region this year. For those investing in Shiba Inu today at its current value of $0.00001409, this amounts to approximately 610% return on investment. However, Maradiya believes Shiba Inu could deliver more substantial returns by next year. In particular, the industry pundit highlighted that SHIB enthusiasts can hope for an upper target of $0.0003 by this year or, at most, 2025. Notably, this price point would translate to a 20X return or a growth of 2,030% should Shiba Inu crack the unprecedented $0.0003 price point. Analysts in the crypto community share Maradiya’s perspective, believing it could make new history this year. #memecoins #binance
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🤖👾Chat GPT Predict Top 3 Altcoins To Skyrocket In Next Bull Run Cycle 🔥🚀🚀 #PAAL Coin Shows Promise in 2023’s Bull Run, Echoing 2021 Gains PAAL coin is catching attention as the crypto market appears bullish again. Drawing positive comparisons to the altcoin season of 2021, PAAL stands out with its innovative tech and growing community. The coin’s underlying technology offers improved transaction speeds and lower fees, making it an attractive choice for investors. With market conditions looking favorable, PAAL could be a strong performer in this cycle, showing promising potential for gains. $NEAR Protocol Ready to Shine in the Upcoming Altcoin Season #NEAR Protocol is a powerful blockchain designed to be fast, secure, and scalable. It helps developers build decentralized apps easily. With its unique tech, NEAR can handle thousands of transactions per second at low costs. As we see patterns similar to the 2021 bull run, NEAR looks ready to take off. Its strong community and continuous development make it an exciting altcoin to watch. The market interest suggests that NEAR could achieve significant gains soon. #FET Set to Skyrocket: AI and Blockchain Combined for Massive Gains $FET , also known as Fetch.ai, uses artificial intelligence to connect devices and automate tasks. Its technology creates smarter cities and efficient energy grids by allowing devices to communicate seamlessly. In the current market cycle, FET looks promising. Its unique blend of AI and blockchain could see increased demand as industries look for more efficient, automated solutions. The positive trends and innovation make FET a coin to watch during this crypto bull run. #altcoins
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😱🚀Dogwifhat is looking for big breakout potential, it could happen soon🐶🔥 As of August 10, 2024, the meme coin market is fairly calm. Top coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have seen small gains of 0.5%, 1.2%, and 1.35%, respectively, in the last 24 hours. In contrast, Dogwifhat (WIF), a meme coin on the Solana blockchain, is making headlines with a notable 8% price increase. What’s driving this unexpected rally? And can WIF keep the momentum up? #WIF Performance Analysis $WIF ’s price has climbed to about $1.81 and even hit $1.94 in the past 24 hours. Despite this, its trading volume has decreased by 20%, suggesting that fewer traders are involved. On the bright side, WIF’s open interest, which tracks ongoing contracts, has risen by over 7%, according to the on-chain analytics firm CoinGlass. Key Dogwifhat (WIF) Technicals Technical analysis shows a promising outlook for WIF. The coin recently broke out of a bullish inverted head and shoulders pattern on a 4-hour chart, a positive sign. It also successfully retested this breakout level, further indicating potential growth. If market sentiment remains favorable, WIF could potentially rise by 25% to reach $2.20 in the coming days. To achieve this, WIF needs to stay above the $1.65 support level. However, it might encounter resistance near $2 due to the 200 Exponential Moving Average (EMA). Liquidation Levels to Watch As of now, WIF’s major liquidation levels are near $1.758 on the lower side and $1.95 level on the upper side. If the sentiment remains unchanged and WIF’s price reaches to $1.95 level, nearly $12.62 million of short positions will be liquidated. Conversely, if the price falls to the $1.758 level, nearly $3.37 million of long positions will be liquidated. #binance #memcoins #WIFUSDT
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