Ethereum ETF approval will set stage for Solana ETF, commodi | Wakeel on Binance Square

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Ethereum ETF approval will set stage for Solana ETF, commodity classification
Industry experts, including Bernstein, believe Ethereum securing spot ETF approval will pave the path for Solana ETFs and commodity classification.

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Ethereum Price to Hit $22,000 by 2030, Predicts VanEck The firm’s spot Bitcoin ETF has pulled in $513 million so far, and it foresees a bright future for Ethereum, too. Global asset manager VanEck predicted Wednesday that the price of Ethereum will reach $22,000 by the end of the decade, dubbing the cryptocurrency “digital oil” in a new report. That would represent a 468% increase from Ethereum’s current price. While Ethereum has generated $3.4 billion in revenue over the past year, VanEck additionally sees that figure reaching $51 billion by 2030.

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The approval of U.S. Bitcoin ETFs led to a rapid surge in Bitcoin’s price, soaring from $46,000 to $73,000 within just 64 days. Now, consider the potential price movement of Ethereum (ETH) if similar ETFs are approved for it.” It’s fascinating to think about how regulatory decisions can impact cryptocurrency markets. If Ethereum ETFs receive the green light, it could indeed have a significant effect on ETH’s valuation. 🚀🌟#tinytick

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A position trader has booked an estimated $13.2 million (345%) profit in seven months of buying and holding patiently. Render (RNDR)—this position trade’s cryptocurrency, became known as the “Nvidia of crypto”—creating a decentralized network of GPU rendering. Notably, SpotOnChain reported the seven-month position trade that started with a 1.69 million RNDR purchase on Coinbase. The withdrawals happened between November 2 and November 10, 2023. At that time, this position was valued at around $3.83 million, with Render priced at $2.265 on average. This trader became dormant for seven months after building the position, waiting patiently for the best time to sell. Interestingly, the whale missed Render’s price top in March but remained still even during a significant crash in April.

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Shiba Inu (SHIB) is starting this new week with a rather clean slate, with a major reset in some of the token’s key growth metrics. The price of Shiba Inu is up 0.98% in the past 24 hours to $0.00002487, per data from CoinMarketCap. This mild rebound is coming after a disturbing drawdown over the weekend. Shiba Inu (SHIB) is starting this new week with a rather clean slate, with a major reset in some of the token’s key growth metrics. The price of Shiba Inu is up 0.98% in the past 24 hours to $0.00002487, per data from CoinMarketCap. This mild rebound is coming after a disturbing drawdown over the weekend.

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Ethereum price chart hints at $4K breakout to new all-time highs Ether price could be on track to new all-time highs, provided it can close the week above the $4,000 mark. #tinytick

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