A guy who has a challenge. Starting with crypto from scratch. That means generating money to invest, staking and trading to the top 💯. Now see what we'll get.
On the actual example of $SHIB - let's have a look how it performs 🍾🍾🍾
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Crypto Web3 Today
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Жоғары (өспелі)
Shiba Inu (SHIB) to Reveal Rare Pattern First Time in 2024.
Dog-themed cryptocurrency Shiba Inu (SHIB) is on the brink of revealing a moving average crossover for the first time in the year 2024. With the daily SMAs 50 and 200 poised to converge, the market is keeping a watchful eye out for the formation of either a golden or death cross.
According to TradingView data, SHIB will see its first moving average crossover this year, with the daily simple moving averages (SMA) of 50 and 200 projected to converge within a few days. The last time SHIB experienced a golden cross was in December 2023.
Traders typically use the 50-day and 200- day SMAs to gauge market trends, with crossovers resulting in either a golden cross or a death cross. Golden cross, a bullish pattern, occurs when the 50-day SMA crosses above the 200-day SMA, signaling a potential upswing.
The death cross, on the other hand, is a bearish pattern that occurs when the 50- day SMA crosses below the 200-day SMA, suggesting a possible downtrend.
Golden cross or death cross?
As SHIB approaches this critical juncture, market watchers are keenly observing the behavior of the 50-day and 200-day SMAs. Currently, the 50-day SMA appears to be heading downward, raising the likelihood of a death cross. If this pattern occurs, it could indicate a bearish trend, potentially impacting SHIB's price.
As the scenario unfolds, the daily SMA 50 and SMA 200 will be closely watched for their convergence and subsequent crossover. The nature of the crossover whether it will be a golden cross or a death cross remains uncertain.
As SHIB nears this pattern formation, all eyes are on its price to adjudge the next direction. A death cross formation could usher in the bottoming phase for SHIB. A golden cross might herald a fresh bullish upswing for the SHIB price.
At the time of writing, SHIB was up 2.35% in the last 24 hours to $0.00001744 and up 6.35% weekly.
On 14th July Binance celebrates his 7th Birthday. #BinanceTurns7
That means the Binancians as a community too! I'm proud to explore the World of crypto with you for about two years now.
A bit like the first settlers on the new continent searching for gold an exploring the Country.
We are doing the same only in a digital way, isn't it?
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Binance Square Official
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#BinanceTurns7 Come celebrate 7 years of Binance with us to unlock digital badges and win some exclusive 7YA swag!
Task 1: Share Your Binance Birthday Wishes to Unlock the Basic 7YA Digital Badge - Complete the setup of your Binance Square profile (e.g., username, profile, biography) and follow this account @Binance_Square_Official during the Activity Period.
- Comment on this Binance Square official post with your Binance birthday wishes, and ensure that your post includes the #BinanceTurns7 hashtag to unlock the basic 7YA digital badge.
Task 2: Post Your Favorite Binance Memories to Unlock the Upgraded 7YA Digital Badge & Binance 7YA Merch
- Users who successfully complete Task 1 may receive an upgraded version of the 7YA Digital Badge by sharing their fondest memories with Binance in a new Binance Square post that mentions the #BinanceTurns7 hashtag during the Activity Period.
- On top of that, the top seven participants with the highest total number of engagements (i.e., likes, shares, comments, quotes) for a qualified post in Task 2 during the Activity Period, will each receive one set of Binance 7YA merch.
Terms and conditions: - 7YA digital badges will appear next to the profiles of qualified participants within four working days after the promotion ends. - Winners of 7YA merch will be notified via a push notification under Creator Center > Square Assistant, within four weeks after the promotion ends. - Users should complete the required instructions within the timeframe stipulated in the push notification to successfully receive merch rewards. Please note that winners should provide a valid shipping address, and will be responsible for any taxes, if applicable. - No refunds or cash equivalent value of the rewards will be granted.
For new Traders Copy Trading often seems like a garanteed win situation but why it could be the oppsite, what you have to watch out for and how you could learn to do your own trades by Copy trading?! @Myan Crypto will give you a great explaination in this post below! #CopyTradingDiscover
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Myan Crypto
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Is Copy Trading Crypto Profitable? Tips for New Traders in 2024
Copy trading in crypto can be a tempting way to jump into the market, leveraging the experience of seasoned traders. But before you dive in, there's important information to consider. Can You Make Money? The short answer: Maybe. Copy trading can be profitable, but it's not guaranteed. Here's why: Past Performance: A trader's past success doesn't predict future results. The crypto market is volatile, and what worked yesterday might not work tomorrow.Risk Management: Even good traders have losing streaks. Are you copying someone with a solid risk management strategy that aligns with your comfort level?Platform Fees: Many platforms charge fees for copy trading, which can eat into your profits. Tips for New Crypto Copy Traders Do Your Research: Don't blindly follow anyone. Research the trader's strategy, risk tolerance, and track record. Look for consistency over a long period, not just short-term wins.Diversify: Don't put all your eggs in one basket. Copy multiple traders with different styles to spread your risk.Understand the Risks: Cryptocurrency is inherently risky. Only invest what you can afford to lose, and be prepared for market swings.Don't Be Afraid to Learn: Copy trading shouldn't replace your own education. Learn about crypto, technical analysis, and fundamental factors to make informed decisions. Advanced Tips Platform Selection: Explore features beyond basic copy trading. Look for platforms with:Customization Options: The ability to adjust copied trade amounts based on your capital helps manage risk.Performance Metrics: Access to detailed metrics like Sharpe Ratio and drawdown allows for a more comprehensive evaluation of a trader's performance.Trader Verification: Platforms with verification processes help ensure the legitimacy of the traders you copy. Rule of Thumb Learn from the Leaders: Don't just copy blindly. Analyze the rationale behind their trades. Many successful copy traders use platforms that offer insights into the trader's thought process. This can significantly enhance your own trading knowledge. Develop Your Own Strategy: Copy trading shouldn't replace your learning journey. Educate yourself on technical analysis, fundamental analysis, and portfolio management to make informed decisions in the future. Consider this a stepping stone to becoming a well-rounded crypto trader. Stay Informed: Stay updated on market trends, news, and regulations. This awareness can help you adapt your copy trading strategy or choose different traders based on changing conditions. In Conclusion, Crypto markets are dynamic. Regular monitoring, adjustments, and continuous learning are key to successful copy trading in 2024. By approaching it with a strategic mindset and a thirst for knowledge, you can leverage the experience of successful traders while building your own path to crypto profitability.
4 Days Left on Binance’s Latest Airdrop Opportunity!
Missed the Lista airdrop on Binance where users earned over $20? No worries! There’s a new airdrop happening now that could offer you similar or even greater rewards. Follow these steps to get started: Steps to Participate in the Binance Airdrop: Set Up a Web3 Wallet on Binance:Make sure your Binance account is active.Go to the Web3 wallet creation section and create your wallet.Import BNB Tokens to the OpBNB Chain:Transfer BNB tokens into your new Web3 wallet.Ensure the transfer is on the OpBNB chain.Explore the Discovery Section:Open the Binance app and click "Discovery" at the bottom right of the page.Select "Revox" from the available options.Enter the Special Code:Use code 2I5ICQ Follow the on-screen instructions to apply the code correctly.Follow Binance’s Twitter Accounts:Follow the two Twitter accounts specified by Binance.Enter your Twitter handle to confirm completion of this step.Check In Daily:Log in daily to the app to collect points.Note: Each check-in requires a nominal gas fee of $0.01 in BNB. How to Earn More Points: Experience Revox Lens:Click on the "Experience Revox Lens" feature to open a new page.Navigate to the "Rewards" section at the bottom and claim points by:Performing daily check-ins.Analyzing new tokens.Utilizing your tokens. Important Note: Even though Binance is a reputable platform, it’s always wise to take precautions while engaging in airdrops. Use secure devices and profiles to ensure your safety during transactions.
Some of you had seen it already...i stopped the #Zerotoherochallenge right after the first two posts, where i explained my first money gains for money which i invested in crypto.
But why?
So Binance restricted me because of sharing the apps( and especially the referrals) which i used for getting some cash to invest.
At first i was a bit grumpy but you know what? i got over it 😅
So stay tuned and we go right into the first 150 Usd which i used to start up my challenge.
let's go to the next #Megadrop round with $Lista here on #binance
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Binance Announcement
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Lista (LISTA) Megadrop Is Now Open: Subscribe to BNB Locked Products or Complete Web3 Quests to Participate!
IMPORTANT: Binance will be the first platform to list the token mentioned herein. Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds. This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance is excited to announce the 2nd project on Binance Megadrop - Lista (LISTA), a liquid staking and decentralized stablecoin protocol. Users can start participating in the Lista Megadrop from 2024-05-30 00:00:00 (UTC). The Lista Megadrop page is estimated to be available on the Binance App in 24 hours. Binance will then list Lista (LISTA) at 2024-06-20 10:00 (UTC) and open trading with LISTA/BTC, LISTA/USDT, LISTA/BNB, LISTA/FDUSD, and LISTA/TRY trading pairs. The Seed Tag will be applied to LISTA. Read about Lista (LISTA) in our research report. Lista Megadrop Period: 2024-05-30 00:00:00 (UTC) to 2024-06-19 23:59:59 (UTC)BNB Locked Products Snapshot Period: To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2024-05-30 00:00:00 (UTC), as hourly snapshots of users’ subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ.Web3 Quest Period: Users may complete Web3 Quest(s) during the Quest Period.Web3 Quest 1: “Stake 0.01 BNB in the ListaDAO DApp” (Tutorial) 2024-06-20 06:00:00 (UTC)Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Wallet. Lista Megadrop Details: Token Name: Lista (LISTA)Max Token Supply: 1,000,000,000 LISTA Megadrop Token Rewards: 100,000,000 LISTA (10% of max. token supply)Initial Circulating Supply: 230,000,000 LISTA (23% of max. token supply) User Eligibility: KYC required in eligible jurisdictionsHard Cap per User: 800,000 LISTARewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest BonusLocked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount * 130) + (Average 90-day BNB Locked Amount * 120) + (Average 60-day BNB Locked Amount * 110) + (Average 30-day BNB Locked Amount * 100) Web3 Quest Multiplier: 1.5Web3 Quest Bonus: 1,000 How to Get Started With Binance Megadrop*: Log into your Binance account.Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Create your first Web3 Wallet now if you have not yet done so.After completing all the designated Web3 Quest(s), tap on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier.Receive Megadrop rewards based on your Total Score. *Notes: External wallets imported to Binance Web3 Wallet will not count. Only Multi-Party Computation (MPC) wallets that are created in Binance Web3 Wallet may participate in Megadrop events. About BNB Locked ProductsFor the calculations of Locked BNB Score, the "30 Days" multiplier will apply to all BNB Locked Products subscriptions with a duration of less than 30 days (e.g., 15 days).Users will receive different scores for each active subscription based on the subscription period. The longer the duration, the higher the Locked BNB Score. Refer to the BNB Locked Products page for the latest APRs and maximum subscription limits.Users may receive both Megadrop and Launchpool rewards at the same time (where applicable). There is no need to redeem BNB Locked Products positions to participate in Launchpools. BNB Vault assets will not count toward the Megadrop score calculation. Lista (LISTA) Project Links: WebsiteWhitepaperXMediumTelegramReddit Further Information: Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 QuestsWhat Is Binance MegadropWhat Is Binance Web3 Wallet and How Does It WorkHow to Back Up Your Binance Web3 WalletFrequently Asked Questions on Megadrop and BNB Locked Products Terms & Conditions: Only users who complete identity verification in eligible jurisdictions may participate in the Lista (LISTA) Megadrop. During the BNB Locked Products Snapshot Period, snapshots of users’ BNB Locked Products subscription amounts will be taken multiple times at any point of time each hour to get users’ hourly average subscriptions and calculate users’ Locked BNB Score. Locked BNB Score will be updated on a daily basis.Each sub-account will not be viewed as an independent account when participating in this Megadrop. Sub-accounts’ subscription amount will be combined with the master account’s standard subscription amount.Please note that some features of Megadrop may not be available in every country due to regional restrictions. This includes, but is not limited to, Web3 Wallet access or participation in Simple Earn. Therefore it is possible that only some features of the Megadrop platform may be available in users’ regions, and users may have partial access to the Megadrop platform. Currently, users residing in the following countries or regions will not be able to participate in Megadrop by subscribing to BNB Locked Products or completing Web3 Quests: For Simple Earn BNB Locked Products participants: Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, Lithuania, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.For Web3 Quests participants: Australia, Brazil, Canada, Cuba, Crimea Region, Cyprus, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors. Binance reserves the right to take any action if participants are found to commit the below behaviors, including but not limited to, wash trading, bulk account registration, self-dealing, etc.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2024-05-28
what is your opinion about mobile crypto mining? Do you use it?
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Mastering Crypto
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Unlock 3 USDT Daily From Mobile Crypto Mining ⛏️📲
Here are some popular mobile crypto mining apps you can use Click Here To Go To Feed Post For USDT
1. **Electroneum**: - **Platform**: Android, iOS - **Description**: Electroneum (ETN) is designed specifically for mobile mining. The app is user-friendly and allows you to mine ETN using your smartphone without draining your battery.
2. **Pi Network**: - **Platform**: Android, iOS - **Description**: Pi Network allows you to mine Pi coins using your mobile phone. It's a new cryptocurrency project aimed at making mining accessible to everyone. The app is straightforward to use and doesn’t consume significant resources.
3. **CryptoTab Browser**: - **Platform**: Android, iOS - **Description**: CryptoTab is a web browser with a built-in mining feature that mines Bitcoin while you browse. It offers a familiar browsing experience with the added benefit of mining in the background.
4. **MinerGate Mobile Miner**: - **Platform**: Android - **Description**: MinerGate allows you to mine various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. The app provides a user-friendly interface and detailed mining statistics.
5. **AA Miner**: - **Platform**: Android - **Description**: AA Miner supports over 50 different cryptocurrencies, including Bitcoin. It offers a simple interface and allows users to adjust the number of CPU threads used for mining.
6. **NeoNeonMiner**: - **Platform**: Android - **Description**: NeoNeonMiner is an Android app that supports various algorithms and cryptocurrencies. It provides detailed mining statistics and allows users to connect to multiple mining pools.
7. **DroidMiner BTC/LTC/DOGE Miner**: - **Platform**: Android - **Description**: DroidMiner supports Bitcoin, Litecoin, Dogecoin, and several other cryptocurrencies. It allows you to mine directly from your phone and provides an easy-to-use interface.
The global cryptocurrency market cap now stands at $2.66T, up by 1.18% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $69,712 and $71,552 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $69,873, down by -1.11%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include RVN, FIS, and LQTY, up by 29%, 29%, and 19%, respectively.
Elon Musk Finally Says When Tesla Will Take Dogecoin.💲🚀 When asked when Dogecoin would be accepted as payment for Tesla, the wealthiest man in the world, Elon Musk, finally said up. Musk spoke on his long-standing support for the meme currency and his fondness for it. "At Some Point," Tesla Will Accept Dogecoin Payments.Musk said, "at some point," when speaking to workers at the Gigafactory in Berlin, that Tesla would accept Dogecoin as payment. The fact that he could use DOGE to purchase Tesla merchandise was something he deemed "cool." "Dogecoin to the moon." The wealthiest guy in the world also expressed his optimism about the meme coin. Once the Tesla Supercharging Station in Hollywood opens for business, Musk has already planned to accept DOGE as payment. This is all part of his support for the joke currency. The cryptocurrency has also found use in Musk's Space X, since DOGE has been used exclusively to enable transactions with Geometric Energy Corporation (GEC). The latest comment from Musk, like all of his earlier ones on DOGE, has given the leading meme currency a much-needed boost. Following the remarks of the wealthiest man in the world, the cryptocurrency token, which had been experiencing a precipitous fall, recovered and has since achieved considerable gains. It's ironic that Musk is reiterating his support for DOGE just as the token needs all the positive press it can get to keep its status as the most valuable meme. Dogecoin has competition from other popular meme currencies such as Shiba Inu (SHIB) and Dogwifhat (WIF). Shytoshi Kusama, the head developer of the Shiba Inu, made the audacious assertion that SHIB would dominate this market cycle. Recently, plans to project WIF on the Las Vegas Sphere were completed, therefore the WIF community is also taking things into their own hands. As a result, the war of the memes could hinge on Musk's endorsement of Doegcoin. #HotTrends #doge #WIF
Analyst Predicts Lower Probability of Approval for Ethereum ETF in 2024
According to BlockBeats, market maker GSR analyst Brian Rudick has significantly lowered the predicted probability of the U.S. Securities and Exchange Commission (SEC) approving a spot Ethereum ETF in May 2024. In a report on Wednesday, Rudick stated that the likelihood has dropped to 20%, compared to the 75% probability predicted by GSR in January.
The analyst explained that the SEC has faced political pressure to not approve more digital asset ETFs. Additionally, the SEC's investigation into whether Ethereum is considered a security could significantly reduce the chances of approval. Regulators may seek to avoid turning the potential approval of an Ethereum spot ETF into 'another major event.'
Regarding future expectations, the analyst believes that any approval process for a spot Ethereum ETF may take longer and could be affected by litigation events. Rudick now predicts that the most likely timeframe for Ethereum ETF spot approval is between 2025 and 2026.
I'm bullish too. $SOL is one of those i added at the beginning of my #Zerotoherochallenge and was my first reward here on Binance. It was a Gift in the learn to earn section and it rises a lot and in a solid way. #Solanaecosystem #SOL🔥🔥🔥🔥
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Cointelegraph
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Solana Struggles to Recapture $200, but DApp and Derivatives Markets Remain Bullish
Solana’s native token SOL (SOL) experienced a 12.8% increase from March 24 to March 26, only to face a downward correction to $186 afterward. Despite this, investors remain hopeful, citing the surge in activities such as memecoins and airdrops on the Solana network as key factors that could maintain SOL’s positive trajectory and potentially elevate its price above $200.
SOL price succumbed to Bitcoin’s correction and a stricter regulatory environment
In a broader context, the cryptocurrency market faces potential vulnerabilities, particularly after Bitcoin (BTC) failed to hold above the $71,000 mark on March 26. This failure is seen as an indicator of dwindling investor confidence, especially concerning the outflows from spot Bitcoin exchange-traded funds (ETFs). Should institutional investors further reduce their stakes in listed crypto assets, the outlook for SOL and other alternative coins could darken.
Further pressure on SOL’s valuation could stem from recent legal actions by the U.S. Justice Department, which has brought criminal charges against KuCoin exchange and two of its founders. The U.S. Commodity Futures Trading Commission has accused KuCoin of offering unregulated and unlicensed derivatives contracts to U.S. clientele. Prosecutors maintain that the exchange facilitated transactions involving over $5 billion in “suspicious and criminal proceeds.”
Overlooking the short-term implications of Bitcoin's spot ETF flows and regulatory uncertainties, the price of SOL tends to respond favorably to growth within the Solana ecosystem. The successful performance of Solana SPL tokens, highlighted by the popularity of memecoins, has bolstered the blockchain's attractiveness to new projects, thereby sustaining demand for the SOL token.
A 30-day analysis of the Solana network reveals significant increases in user activity and volume, presenting a challenge to a bearish stance on SOL. Solana has notably narrowed the gap with its direct competitor, the BNB Chain (BNB), according to available data.
Top blockchains ranked by 30-day DApp volumes. Source: DappRadar
This data highlights that Solana's decentralized application (DApp) volumes saw a 334% increase in the 30 days leading up to March 26. In comparison, its competitors, BNB Chain and Arbitrum recorded growth rates of 146% and 82%, respectively. Moreover, the Solana network's active addresses surged by 43% to 2.66 million over the same period, outperforming the growth rates of BNB Chain’s 15% and Arbitrum’s 30%.
Derivatives markets reflect inflows to cryptocurrencies and bullish leverage demand for SOL
Forecasting the flows of spot Bitcoin ETFs and the market's response to a stricter regulatory landscape is impossible, so investors should focus on derivatives trading metrics to gauge market sentiment. Specifically, the behavior of perpetual contracts, often called inverse swaps, offers insights. These contracts include an embedded rate to balance leverage. Notably, a negative rate signals stronger demand from short sellers.
SOL perpetual futures 8-hour funding rate. Source: Coinglass
Recent observations highlight a strong leverage demand for bullish positions on SOL, seemingly undeterred by the token’s inability to surpass the $195 mark on March 26.
To further validate whether the inclination toward leveraged long positions mirrors the broader market sentiment, examining the demand for stablecoins in China can be enlightening. This is because such demand serves as an indicator of retail investors’ movements within or outside the cryptocurrency markets. The premium on USD Coin (USDC) transactions, when compared to the official U.S. dollar rate, is particularly telling.
USC Coin (USDC) peer-to-peer trades vs. USD/CNY. Source: OKX
On March 26, the USDC premium in China maintained a level above 3%, indicating a strong demand for converting the local CNY into the USDC stablecoin. This trend suggests sustained interest in cryptocurrencies within China, thereby supporting the optimistic outlook in SOL’s derivatives markets. Although it remains uncertain when SOL will breach the $200 threshold, the current on-chain and derivatives metrics suggest a healthy market environment.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Polychain Monsters Launches L3 Gaming Chain on Arbitrum Orbit with Altlayer Support
According to Foresight News, multi-chain NFT gaming ecosystem Polychain Monsters has launched an L3 gaming-dedicated chain based on Arbitrum Orbit with the support of Altlayer. The platform utilizes PMON for transactions, and Altlayer provides support from the initial gameplay on the testnet to the mainnet launch.
What do you think about the impact on ETHs price?$ETH
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CryptoPotato
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What Will Happen to ETH’s Price If the SEC Rejects All Spot Ethereum ETF Applications?
After a decade of waiting, rejecting, and delaying at best, the United States Securities and Exchange Commission finally greenlighted nearly a dozen spot Bitcoin ETFs at the start of 2024.
Their impact on BTC’s price has been undeniable as the demand for those products among traditional investors has skyrocketed. Now that there are existing exchange-traded funds tracking the performance of at least one cryptocurrency, the community speculates on whether there will be a follow-up, particularly with ETH.
The ETH ETF Applications
Numerous companies within and outside of the cryptocurrency industry want to follow the example with Bitcoin and have products tracking the performance of the second-largest digital asset. Perhaps the two biggest names with current applications with the SEC are BlackRock and Fidelity. However, the regulator keeps delaying making a decision on either of their filings.
Amid the latest SEC delays, industry experts started questioning the agency’s motives and drew comparisons with how the watchdog operated before rejecting countless BTC applications throughout the past ten years. As such, the overall optimism around the ETH ETF applications started to wind down in recent weeks despite previous predictions that the Commission will approve all filings in May 2024.
The most recent analyses on the matter suggest that the SEC plans to reject all spot Ethereum ETF applications that have due dates in May.
Impact on ETH’s Price?
While the community keeps speculating on whether potential Ethereum ETFs will be a flop compared to BTC ETFs, we decided to ask Perplexity – the popular ChatGPT alternative – about what would happen to ETH’s price if the SEC indeed rejects all current proposals. Interestingly, the AI chatbot believes the agency’s decision, no matter what it will be, won’t have such a big impact on ETH, at least in the short term.
“If the SEC rejects all spot Ethereum ETF applications, the impact on ETH’s price may not be as significant as initially anticipated. Analysts and experts suggest that whether the ETFs are approved or rejected, it may not have a substantial effect on the altcoin’s price in the short term.”
This theory could have some merit, given the BTC ETF rejections in the last ten years. Bitcoin became immune to the SEC’s actions after so many rejections. However, the Ethereum case is quite different since the asset doesn’t have such a long history with the regulator.
Additionally, once the Commission greenlighted all Bitcoin ETFs, the underlying asset’s price went on a massive rollercoaster in the next few weeks. Once the demand and inflows increased, so did BTC’s price. The vice-versa effect is also visible, as we have seen in the past week.
The post What Will Happen to ETH’s Price if the SEC Rejects All Spot Ethereum ETF Applications? appeared first on CryptoPotato.
It goes on with the literally "First Steps" at the #Zerotoherochallenge . My coincidence to join one of the first #Play2Earn projects to get some Money to invest and how i think about it, you can read in the article below.
Feel free to leave a like or comment.
If you want to join the project use the link for a small extra goodie. 😉 https://sweatco.in/hi/cpt.kosmoshout
My personal experience with SWEAT At first i introduce you to an app that i found as i looked for a Step-Counter. Offline i walk a lot and i would know, how much it is for real. And for sure, knew about those scammy apps which promise that you can redeem a lot of cash with only a few steps. It is clear that this is scam but there are some serious ones too. So i found sweatcoin at first. At that time you could redeem vouchers and more for your sweatcoins BUT shortly after i joined they introduced their Sweat-ecosystem and announced the creation of $SWEAT. #SWEAT is the web3-token of the Sweat-ecosystem and gives an opportunity to join, i thought. ...and i was right even it had not that big value at this time. Meanwhile i got a great Number of SWEAT only by walking and with the last #bullruns it has grown more than i expected. More Info about SWEAT Here you can find all about SWEAT: https://sweateconomy.com/ If you want to join the project and walk for crypto, you could use this Link to get some Bonus Sweat: https://sweatco.in/hi/cpt.kosmoshout
Криптоәлемдегі соңғы жаңалықтармен танысыңыз
⚡️ Криптовалюта тақырыбындағы соңғы талқылауларға қатысыңыз