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๐จIf SEC approves spot Ether ETFs, many โwill be caught severely offsideโ๐ฆ
Coinbase institutional research analyst David Han believes โthere is room for surprise to the upside on this decision.โ
Despite unfavorable odds from several crypto analysts and the broader crypto community regarding the approval of spot Ether exchange-traded funds (ETF) by the United States Securities and Exchange Commission (SEC), some analysts suggest that โthere is room for surprise.โ
โIf by some chance the SEC decides to approve then so many will be caught severely offside,โ crypto trader Matthew Hyland told his 142,000 X followers in a May 17 post.
โIf 90% of people think the ETH ETF will be denied, and the majority of those people think it will lead to a crypto crash then who will actually be selling?โ he added before declaring that the expectation of denial is โpriced in.โ At the time of publication, Ether ETH tickers down $3,116 is trading at $3,102, as per CoinMarketCap data. Ether is currently trading at $3,102, up 6.31% over the past seven days. Source: CoinMarketCap Bloomberg ETF analyst Eric Balchunas has placed his odds for approval at 35%, while the broader crypto community has set their estimates closer to the 7% mark, according to New York-based crypto predictions platform Polymarket.
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Ad Meanwhile, crypto exchange Coinbase institutional research analyst David Han believes โthere is room for surprise to the upside on this decision.โ
โWe believe the odds of approval are closer to 30-40%,โ Han stated in Coinbaseโs monthly outlook report published on May 15.
Related: Filing suggests SEC is exploring grounds to deny spot Ether ETFs
Han explained that as cryptocurrency becomes a more prominent issue for voters in the lead-up to the upcoming November United States presidential election, the SEC will be less likely to maintain its stance on a denial decision. Tips for suggestions ๐ค #CMEBitcoinSpotTrading#MemeWatch2024#notcoin#ETHETFS
## ๐๐ฅ 5 Altcoins Making Waves Today: Surprising Gains!
### 1. Ondo (#ONDOโฌโฉ) **Ondo (ONDO)**, a rising star in the artificial intelligence realm, has surged by **10.54%** in the last 24 hours! ONDO is gaining traction as one of the hottest AI startups, becoming the second most valuable altcoin of the day.
### 2. Pendle (#PENDLE) Another AI-powered altcoin, **Pendle (PENDLE)**, has seen a significant uptick of **10.50%** in the past day. This surge places it among the top risers.
- ๐ **24-Hour Trading Volume**: $146 million - ๐ฐ **Market Cap**: $766 million
### 3. ORDI (#ORDI) **ORDI (ORDI)**, the leading token of the BRC-20 standard favored by Bitcoin miners, has jumped **9.66%** in the last 24 hours. ORDI is driving increased activity and adoption of the Bitcoin network.
- ๐ **24-Hour Trading Volume**: $235 million - ๐ฐ **Market Cap**: $869 million
### 4. Fantom (#FTM) **Fantom (FTM)**, a popular layer-1 blockchain, has experienced an **8%** rise in the last 24 hours. The boost is largely attributed to Sonic, Fantomโs innovative new blockchain initiative.
๐ฅ๐ฅIs Floki (FLOKI) Price Ready for an All-Time High?๐จ๐ FLOKI is currently trading at the level of $0.0002144 and has gained 0.49%, 19.88% and 48.24% in the past day, week and month, respectively. with a market value of $ 2.05, the 24-hour trading volume was recorded as $ 485.48 million and 53rd in the market. he took his turn. Although the Floki Inu token reached an all-time high of $0.0003437 on November 4, 2021, it fell by 37.15%. Factors That Could Push the #FLOKI Price to an All-Time High Various factors can push the Floki Inu token to an all-time high. 1. New Listing and Strategic Partnerships An important milestone for #floki is its recent listing on Binance Thailand. This latest addition opens up new opportunities for investment and extends the visibility of the coin to a wider group of people. In addition, thanks to the strategic cooperation with Revolut Business, the largest neobank in Europe, FLOKI is able to reach its target audience of more than 40 million users in more than 150 countries. This collaboration is an important part of FLOKI's plan to establish itself as a popular cryptocurrency and increase its use by using Revolut's large number of users. 2. Strong Community and Strategic Developments FLOKI has a vibrant social media presence with almost 600,000 followers on X (previously known as Twitter). The recent DAO vote for the burning of 15 trillion FLOKI tokens reflects positive thinking, revealing the active participation and support of the community. This reduction in circulation, which was adopted by 99.84% of voters, could reduce the supply in circulation and possibly improve the value proposition by increasing the price of the token. In addition, FLOKI has made remarkable progress by being offered for continuous futures trading on Kraken, one of the leading cryptocurrency exchanges in the United States. The upcoming version of the Valla application aims to improve the accessibility and functionality of FLOKI, integrate it more deeply into users' daily lives, and simplify on-the-go operations with FLOKI. #memecoins #notcoin
**๐๐ฑ 10-Year Dogecoin Stash Sale: Million-Dollar Loss for DOGE Owner ๐ธ**
An initial investment of just $146.87 in Dogecoin 21 days after its launch netted over 274,000 tokens for one savvy investor. Throughout 2014, they continued to buy, eventually investing a total of $5,000 by early 2015.
The wallet then remained inactive until 2023. During this dormancy, Dogecoin's value skyrocketed, especially in 2021. At its peak, the wallet's value soared to over $4 million. However, the owner didn't sell at that zenith.
The crypto bear market of 2022 and 2023 saw Dogecoin's price plummet by over 90%. By late 2023, with DOGE showing signs of recovery, the owner sold all their tokens on October 28, 2023, in three transactions totaling approximately $370,000. This amounted to 5.39 million DOGE at an average price of $0.068 per token.
Ironically, Dogecoin surged nearly 120% soon after the sale, with a year-to-date increase of over 60%. By 2024, DOGE reached $0.23, a 235% rise from the selling price. If the owner had held on, their stash would have been worth an additional $870,000. Selling at the 2024 peak could have netted around $1.25 million, a potential gain of nearly $1.20 million from the sale.
This story underscores the challenges of timing in volatile markets, despite substantial returns on initial investments. ๐๐ #CMEBitcoinSpotTrading#notcoin#notcoin
๐จAltcoin Market Cap Set for 350% Explosion As Technical Setup Forms: Glassnode Founders๐ฅณ
The founders of the analytics platform Glassnode are predicting the altcoin market cap will surge by 350% after the recent correction.
Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say the alt market cap may be forming a similar 2021 structure when there was a sudden retracement followed by a massive bull run.
The analysts use the Elliott Wave theory in their analysis, which states that an asset tends to witness a five-wave rally.
โThe crypto bull market continues. โOthersโ follow crypto excluding the largest ten cryptos. Observe that we in early 2021 had a strong correction. We believe that was a wave four. We now have a similar strong decline. More upside is coming. This index and our Fibonacci levels give us [reason to believe] we may see ~350% upside from current levels.โ
The founders recently said another bullish catalyst for the crypto market is the waning strength of the US dollar index (DYX).
According to the analysts, the DXY likely printed a top earlier this month in an expanding diagonal pattern, implying that a significant downward move is underway, which may be a catalyst for a renewed bull market for Bitcoin (BTC).
The founders also weigh in on what they believe are the price impacts from the spot BTC exchange-traded funds (ETFs). They say that ETF investors are reactionary to price declines, but not a cause of them.
โThe significant volume handled by ETFs also highlights their potential as catalysts in the market, potentially driving both short-term price movements and long-term strategic shifts in investment and trading behaviors. So far, however, significant ETF outflows often align with notable price drops in the Bitcoin market, indicating that investors tend to react to existing downturns rather than causing them.
Bitcoin is trading for $66,434 at time of writing, down slightly in the last 24 hours. Tips for suggestions ๐ฎโ๐จ๐ฉ #notcoin#altcoins
๐จPrice prediction ๐ง๐จ $NOT Price Prediction ๐จ2024,2025-2030, Where To Buy, Is It A Good Investment? Year Minimum Price Prediction Maximum Price Prediction 2024 $0.001389 $0.002786 2025 $0.002499 $0.007498 2026 $0.001105 $0.004889 2027 $0.001293 $0.002887 2028 $0.001974 $0.006019 2029 $0.0052066 $0.005416 2030 $0.002072 $0.006981
Is Notcoin (NOT) A Credible Investment Option?
The strength of the community has the potential to transform the Notcoin crypto. This digital currency is backed up by a community of over 30 million users. The team is on a mission to develop high-capacity wallets to handle the expected demand of NOT. The wait seems worth the NOT experience. As per the analysis of the market and focus of the crypto, NOT seem to be a credible investment option.
Make sure to conduct a thorough investigation of the cryptocurrency before proceeding with the investment. The volatile nature of the crypto market can affect your valuable funds.
๐จ Last Chance to Farm $NOT : Over 25K Coins Claimed! ๐จ
Time is running out! With just 10 hours left, Iโve already farmed over 25,000 $NOT coins through the Binance Launchpool. Don't miss your final chance to join and benefit!
How It Works: - Staking $FDUSD: Earn 0.17 $NOT per dollar staked. - Staking $BNB: Enjoy a higher yield of 0.25 $NOT per dollar.
Why Participate? The $NOT launchpool provides a golden opportunity to gather $NOT coins by staking $FDUSD or $BNB. Depending on your choice, the rewards can significantly boost your crypto portfolio.
Act Now! Seize this fleeting chance to grow your $NOT holdings. Calculate your earnings and maximize your staking before the event ends.
Ready, set, farm! Boost those $NOT numbers and capitalize on the final hours!
๐ฅณNotcoin co-founder reveals burning plans! ๐ฅ 500 million coin burn ๐ฅต๐ - On May 16, Notcoin's token will be launched on top cryptocurrency exchanges like Binance, OKX, and Bybit. - Notcoin will also be integrated into the Telegram crypto wallet, Wallet. - OKX is hosting a giveaway with 300 million NOT as prizes: users must deposit at least 100 USDT in NOT to enter. - Alexander Plotvinov discussed Notcoin's future during an AMA session for OKX users. - Notcoin aims to create a gaming ecosystem where third-party developers can utilize its infrastructure, with rewards paid in NOT. - A significant amount of unclaimed coins will be burned after the listing. Users have a month to withdraw or lock their NOT to avoid partial burning or placement in a fund. - The current Notcoin user base is around 35 million people. #GME #Memecoins #notcoin
๐จ $PEPE WHALE ALERT ๐จ ๐ธ A jaw-dropping 1,238,332,920,144 $PEPE, valued at $10,571,648 USD, has made a splash by migrating from an undisclosed wallet to Binance on Ethereum blockchain. โฐ Time Stamp: Tue, 07 May 2024 03:04:47 UTC ๐ Blockchain Hash: 0x94f733b4...162db33436 ๐ฐ Transaction Fee: 0.00037242514124522 ETH ($1.14 USD) This colossal move serves as a reminder to persist and strive until you reach meme coin millionaire status! ๐ก Is such a hefty investment in meme coins risky? Absolutely! But in the world of crypto, volatility and risk are part of the game. No guarantees, just opportunities. ๐ Like, share, and follow for more updates. Feeling generous? AND YOU CAN GET A JACKPOT WITH THIS TIP OPTION ๐๐๐ Let's ride the waves of altcoins and explore the thrilling possibilities together! ๐๐ธ #altcoins #ETHETFS #BlackRock #MicroStrategy #MicroStrategy $PEPE #notcoin#GME#Memecoins
๐ฅฐhere are some popular cryptocurrencies along with their release dates and prices at launch:๐
1.๐ฅต **Bitcoin (BTC)**๐ฅต - Release Date: January 3, 2009 - Price at launch: Essentially worthless (a few cents)
2. ๐ค**Ethereum (ETH)**๐ค - Release Date: July 30, 2015 - Price at launch: Around $0.30
3. โค๏ธ**Ripple (XRP)**โค๏ธ - Release Date: 2012 - Price at launch: Less than $0.01
4. ๐**Litecoin (LTC)**๐ - Release Date: October 7, 2011 - Price at launch: Around $0.001
5. ๐น**Bitcoin Cash (BCH)**๐น - Release Date: August 1, 2017 - Price at launch: Around $555
Please note that cryptocurrency prices are highly volatile and can fluctuate significantly over a short period of time. These prices are approximate values at the time of each cryptocurrency's launch. #BinanceLaunchpool#bitcoinhalving#Megadrop#BullorBear
Alert: Breaking News ๐จ The top ten coins have been predicted by specialists at Token2049 in Dubai: 1) May is predicted to see Bitcoin reach $80,000. 2) By May or June, ETH is expected to reach $4,500. 3 BNB is expected to reach $650 in May or June. 4) SOL is expected to hit $350 in June or May. DOT estimated that it would reach $45 by June. 6). Matic should reach $3.5 by June or July. 7) May/June forecast for ADA is $1.9. 8) NEAR is anticipated to reach $15 by May or June. 9) By June, AGIX is expected to be $3.5. 10) By June or July, DOGE is anticipated to reach $0.45. #bitcoinhalving #Megadrop #WIF #Memecoins #sui
๐๐Bitcoin Halving Event Completed: Hereโs What To Expect Next For Crypto Market.โจ๐ฅณ ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ With the Bitcoin price making a strong intraday comeback, the Bitcoin Halving brings a bullish relief. However, the broader market sentiment shows minimal changes as the market remains under bearish influence. After the successful Bitcoin Halving this past Friday, the blockchain reached a total of 840,000 blocks. The halving event also reduced the mining reward to 3.125 Bitcoin per block. Known for triggering bull markets, this fourth halving occurs at a challenging time for global markets.
With bulls failing to turn the dream of Bitcoin reaching $100,000 into reality, the BTC price remains at the $63,000 levels. Under such conditions, the altcoins are reflecting a minor shift in the underlying conditions.
Further, with the talks of Ethereum ETF witnessing a minor surge amidst boosting the sentiments, the bulls are preparing for another moonshot. So, letโs have a closer look at the crypto market to find out more about the upcoming trend.
Bitcoin Price Performance๐
Trading below the average line of 50D EMA, Bitcoin struggles to sustain dominance at the $60,000 level. As it trades at $63,817, the sharp comeback overnight comes with the Bitcoin Halving.
As it bounces from $60,000 or the 38.20% Fibonacci level, the BTC price struggles to surpass the 23.60% Fib level at $65,000. Further, the dynamic resistance of the 50D EMA is another resistance at play.
With $278 Million in liquidation on Bitcoin Halving day, the volatile move leads to pain on either side of the market, per Coinglass. Meanwhile, despite the drop to $63,000, 83% of HODLers are at profit at the current market price, with 69% of HODLers older than a year, per intotheblock.#BinanceLaunchpool#bitcoinhalving#Megadrop
๐5 Shiba Inu Rival Meme Coins To Buy Boosting Portfolios To $1M In 2024๐ธ
Floki (FLOKI)๐ฅณ
Floki (FLOKI), originally a meme coin, has emerged as a formidable force within the Web3 landscape. Now integrating elements from the Metaverse, decentralized finance (DeFi), and non-fungible tokens (NFTs), it has earned the nickname โThe Peopleโs Crypto.โ
Dogwifhat (WIF)๐
Dogwifhat (WIF), a meme token within the Solana network, is fast becoming a standout cryptocurrency. Currently, it boasts a market capitalization of approximately $2.93 billion, securing the 40th spot in the global crypto rankings. WIF is now viewed as a direct competitor to Shiba Inu in the meme coin arena, with prospects of elevating investment portfolios to new heights in 2024.
Despite a slight retreat in its price over the last 24 hours by 5%, Dogwifhat maintains a strong monthly increase of over 25%. The WIF price at present hovers around $2.94, reflecting its robust market stance. CorgiAI (CORGIAI)๐๐ป๐
his token has witnessed an impressive 600% increase in market value over the past year. The recently launched Corgi Cre8r tool, which facilitates the creation of text-to-image NFTs, exemplifies the innovative strides being made by CorgiAI.
Trading at $0.001819, CorgiAIโs price has dipped 1% in the past day.
Brett (BRETT)โจ๐
Brett (BRETT), a meme coin derived from a character in the โBoyโs Clubโ comic, has quickly captured the crypto communityโs attention with its gaming affinity. Since its launch on the BASE blockchain, which continues to introduce new projects, Brett has aimed to eclipse the popular PEPE meme coin in prominence.
Currently, Brett boasts a circulating supply of 10 billion tokens and has achieved a market capitalization of $583 million.
Degen (DEGEN)๐ด
Degen (DEGEN) token, which originated as a reward for users of the Farcaster Degen channel, has developed a strong community. This group includes developers, content creators, and crypto enthusiasts. The current price of Degen stands at $0.033428, despite a recent 8.17% dropthe last 24h.
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