ETFETH
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$MANTA 🚀 Unlocking the Potential of MANTA: A Promising Opportunity Ahead 🌊
Exciting news awaits as MANTA gears up for a potential pump with the upcoming ETF ETH on MEI 2024. With MANTA hitting demand areas and showing strength at lower support levels around $1.9, the stage is set for a promising journey ahead.
🎯 Long-Term Outlook: Positioned for the long haul, MANTA presents a compelling entry
opportunity in the range of $1.9to $2.1
With a strategic stop-loss set at $1.8 and ambitious profit targets of $4 and $5.5, the potential for significant gains is within reach.
however if manta manages to break the 1.8 zone we are in a catastrophic scenario and I would definitely go for short.
💼 Leverage Strategies: For traders looking to amplify their returns, leveraging up to 10x for futures trading or even 50x for those with ample capital could enhance profit potential. However, it's essential to exercise caution and manage risk effectively, with a recommended Margin Ratio of 5% or sticking to spot trading only.
🔍 MANTA's Promise: Delving into the fundamentals, MANTA Network stands out as a beacon of innovation in the crypto landscape. Serving as the gateway for ZK applications, its modular blockchain and zkEVM pave the way for a new era in L2 smart contract platforms. With a focus on usability and continuous improvement through modular infrastructure design, MANTA Pacific sets itself apart as a trailblazer in the space.
🚀 Seize the Opportunity: As the crypto market evolves, MANTA's potential shines bright on the horizon. With strategic entry points, disciplined risk management, and a visionary project at its core, now is the time to explore the promising opportunities that MANTA has to offer.
Join the journey towards unlocking the potential of MANTA and embark on a path towards profitable trading in the dynamic world of cryptocurrencies!
#MANTA #Cryptocurrency #TradingOpportunity #ETFETH #ProfitPotential 🌟
Exciting news awaits as MANTA gears up for a potential pump with the upcoming ETF ETH on MEI 2024. With MANTA hitting demand areas and showing strength at lower support levels around $1.9, the stage is set for a promising journey ahead.
🎯 Long-Term Outlook: Positioned for the long haul, MANTA presents a compelling entry
opportunity in the range of $1.9to $2.1
With a strategic stop-loss set at $1.8 and ambitious profit targets of $4 and $5.5, the potential for significant gains is within reach.
however if manta manages to break the 1.8 zone we are in a catastrophic scenario and I would definitely go for short.
💼 Leverage Strategies: For traders looking to amplify their returns, leveraging up to 10x for futures trading or even 50x for those with ample capital could enhance profit potential. However, it's essential to exercise caution and manage risk effectively, with a recommended Margin Ratio of 5% or sticking to spot trading only.
🔍 MANTA's Promise: Delving into the fundamentals, MANTA Network stands out as a beacon of innovation in the crypto landscape. Serving as the gateway for ZK applications, its modular blockchain and zkEVM pave the way for a new era in L2 smart contract platforms. With a focus on usability and continuous improvement through modular infrastructure design, MANTA Pacific sets itself apart as a trailblazer in the space.
🚀 Seize the Opportunity: As the crypto market evolves, MANTA's potential shines bright on the horizon. With strategic entry points, disciplined risk management, and a visionary project at its core, now is the time to explore the promising opportunities that MANTA has to offer.
Join the journey towards unlocking the potential of MANTA and embark on a path towards profitable trading in the dynamic world of cryptocurrencies!
#MANTA #Cryptocurrency #TradingOpportunity #ETFETH #ProfitPotential 🌟
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The question of what the Ethereum cryptocurrency is is becoming urgent. House Republicans wrote an official letter to the U.S. Securities and Exchange Commission, asking for clarification on whether ETH is considered a security.
Members of the US House of Representatives Finance Committee were interested in ETH for good reason. This concerns Prometheum's plans to offer storage services for this cryptocurrency on behalf of large companies.
In a letter addressed to SEC Chairman Gary Gensler, the congressmen said they wanted to analyze Prometheum's plans to provide ETH custody services (the company wants to provide them through its subsidiary Prometheum Capital). They warned that such actions could have serious and potentially irreversible consequences for digital asset markets.
What is it actually about? Politicians' concerns about the SEC's unclear position on Special Purpose Broker-Dealers (SPBD) and their ability to hold digital assets that are not securities, i.e. ETH.
Is it or isn't it, that is the question!
The problem is of a legal nature. It is still unclear whether ether is a security or not in the eyes of the SEC.
Gensler, who both in the media and during public hearings, does not want to answer the question of what ether is. This is crucial not only because of Prometheum's plans, but also regarding the creation of ETH ETFs.
In the letter, the congressmen expressed their concern about the lack of comprehensive guidelines or a specific regulatory framework for securities (in the context of cryptocurrencies and tokens), which increases the already considerable regulatory uncertainty.
The letter ends with a request to the SEC to finally take a clear position on the ether issue. Failure to do so, lawmakers warn, could threaten the integrity and competitiveness of U.S. digital asset markets, which will have far-reaching consequences for both investors and market participants.
$ETH #ETFETH #HotTrends
Members of the US House of Representatives Finance Committee were interested in ETH for good reason. This concerns Prometheum's plans to offer storage services for this cryptocurrency on behalf of large companies.
In a letter addressed to SEC Chairman Gary Gensler, the congressmen said they wanted to analyze Prometheum's plans to provide ETH custody services (the company wants to provide them through its subsidiary Prometheum Capital). They warned that such actions could have serious and potentially irreversible consequences for digital asset markets.
What is it actually about? Politicians' concerns about the SEC's unclear position on Special Purpose Broker-Dealers (SPBD) and their ability to hold digital assets that are not securities, i.e. ETH.
Is it or isn't it, that is the question!
The problem is of a legal nature. It is still unclear whether ether is a security or not in the eyes of the SEC.
Gensler, who both in the media and during public hearings, does not want to answer the question of what ether is. This is crucial not only because of Prometheum's plans, but also regarding the creation of ETH ETFs.
In the letter, the congressmen expressed their concern about the lack of comprehensive guidelines or a specific regulatory framework for securities (in the context of cryptocurrencies and tokens), which increases the already considerable regulatory uncertainty.
The letter ends with a request to the SEC to finally take a clear position on the ether issue. Failure to do so, lawmakers warn, could threaten the integrity and competitiveness of U.S. digital asset markets, which will have far-reaching consequences for both investors and market participants.
$ETH #ETFETH #HotTrends
It doesn't make much sense to write anything anymore, everything was said yesterday.
But, we can fix the fact that the ETF was essentially adopted "ahead of schedule". It will be, liquidity will go into the market, but a little later. There is a rush in the actions of the SEC, apparently they were "knocked on the head" normally. Since such a quick acceptance is not for nothing.
It was necessary to accept it today, but all the paperwork and bureaucracy are not ready yet. What does this give us? There is time for the frontrunner until the liquidity from the etf begins to pour in.
Remember, I used to repeat these words before accepting an etf for a cue ball: "growth first, then an etf." That's when it happened, we grew to 48k, and only then did we accept the etf.
Here I think we'll go the same way. Etf issuers will not sit idly by. With the opening of trading in America and the working day in general, perhaps starting on Monday, they will go to buy off the air. For what? By the same logic as the cue ball.
Now we are buying eth at $ 3,600, at the start of trading it already costs conditionally + 50%, and then we "sell" our "cheap" ether to those who want to buy an etf. It is clear that they are not selling ether itself, but an etf share, but in this way they get a normal spread, which, in addition to commissions, is a good income for issuers.
Therefore, I think it is beneficial for everyone who applied to buy ether at current prices until the launch of the etf. After all, the cheaper they buy now, the more they will earn later when they resell their etf shares. #ETF $ETH #ETFETH
But, we can fix the fact that the ETF was essentially adopted "ahead of schedule". It will be, liquidity will go into the market, but a little later. There is a rush in the actions of the SEC, apparently they were "knocked on the head" normally. Since such a quick acceptance is not for nothing.
It was necessary to accept it today, but all the paperwork and bureaucracy are not ready yet. What does this give us? There is time for the frontrunner until the liquidity from the etf begins to pour in.
Remember, I used to repeat these words before accepting an etf for a cue ball: "growth first, then an etf." That's when it happened, we grew to 48k, and only then did we accept the etf.
Here I think we'll go the same way. Etf issuers will not sit idly by. With the opening of trading in America and the working day in general, perhaps starting on Monday, they will go to buy off the air. For what? By the same logic as the cue ball.
Now we are buying eth at $ 3,600, at the start of trading it already costs conditionally + 50%, and then we "sell" our "cheap" ether to those who want to buy an etf. It is clear that they are not selling ether itself, but an etf share, but in this way they get a normal spread, which, in addition to commissions, is a good income for issuers.
Therefore, I think it is beneficial for everyone who applied to buy ether at current prices until the launch of the etf. After all, the cheaper they buy now, the more they will earn later when they resell their etf shares. #ETF $ETH #ETFETH
