The recent approval of Ethereum ETFs has been met with anticipation by the crypto community. However, contrary to expectations, the price of Ether has not seen a significant increase. Here’s why!
Technical and Psychological Factors
After a long wait, Ethereum ETFs were finally approved by the SEC, marking a victory for the crypto industry. However, the price of Ether remains stable, with an increase of barely 1% on its price. Several factors can explain this phenomenon. Firstly, it is important to understand that the crypto market is influenced by a multitude of technical and psychological factors. The approval of Ethereum ETFs was a widely anticipated event, and it is possible that the price had already factored in this news beforehand, following the logic of “buy the rumor, sell the news.”
Furthermore, the market’s reaction can be compared to that observed during the approval of Bitcoin ETFs. Although positive, it was more moderate than expected. Investors might thus adopt a more cautious approach, having learned from past events.
Crypto: Regulatory Uncertainties on Ether
Regulatory uncertainties also play an important role. The SEC has shown a cautious approach towards cryptos, and questions still remain regarding the classification of Ether as a security or a commodity, which could affect investment decisions.
Despite this, the approval of Ethereum ETFs is a step forward towards wider acceptance of crypto. It offers traditional investors a regulated and more accessible way to invest in Ether, which could eventually support a price increase.
Finally, while the approval of Ethereum ETFs is a positive development, the crypto market remains complex and unpredictable. Investors must stay informed and cautious, taking into account the multiple factors influencing prices.
5 popular altcoins that will be unlocked next week.
Cryptocurrency markets appear to be declining after the rise on the first day of the week, giving back half of their gains. While cryptocurrencies generally continue their downward trend on the last business day of the week, the reported lock openings have the potential to put additional pressure on the relevant altcoins. According to Token Unlocks' report, a total of $376.27 million worth of crypto assets are planned to be unlocked in the coming week.
Among the major altcoins whose supply will increase with the lock opening between May 27 and June 2, #Optimism (OP), Sui (SUI), #Ethena (ENA), #1inchCard (1INCH), dYdX (DYDX) are at the top. According to the report, OP tokens worth $82.12 million, representing 2.88% of the circulating supply on the Optimism network, will be released on May 31. It is expected that this activity may increase the volatility of the altcoin due to the high amount of OP to be unlocked.
On June 1, $70.35 million worth of #SUI will be released, accounting for 2.78% of the circulating supply. Additionally, 11.91% of DYDX's circulating supply and $47.97 million worth of ENA tokens will be unlocked on the same date. Effect of lock openings on altcoin prices While altcoin investors have been closely monitoring the tokens to be unlocked recently, the prevailing idea is that these activities, which will increase the supply of the relevant crypto asset, may put pressure on the price of the asset. Both the expectation of a sale and the situation of buyers selling these assets can sometimes negatively affect the price of the unlocked altcoin. $OP $1INCH $SUI
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🐦 NOTCOIN compensations for issues during listing: 🔷 570M NOT airdrop: Users who chose Wallet to receive Notcoin will get an additional 10% in NOT tokens. 🔷 P2P Market fee refund: Fees will be refunded on the 16th and 17th. From May 20 to 22, no fees will be charged for P2P transactions. 🔷 5x increase in USDT bonuses (250% APY on bonus account). 🔷 Double Notcoin bonuses: From May 16 to 22, you will receive 10 Notcoins for each Toncoin in your bonus account. 🔷 Extension of Wallet Earn programs (by one week).
Binance listing probability: 70% Other TIER1 Exchanges: 90%
Binance Labs chose the Blum Crypto project as one of the prominent initiatives. The team is led by important names who have held key positions at Binance.
Especially considering that airdropped projects are listed more easily, a very functional super app that has reached such a large community will definitely be listed everywhere.
👇How can we participate?
t.me/BlumCryptoBot/app?startapp=ref_3sOzUPHsGw
Let's log in using the invitation link. Let's complete the social tasks and press the farming button. You can passively collect points every 8 hours and then claim them. A few minutes a day is enough.
The application is a $NOT coin fake and is not like other clone applications. Aiming to offer the functions of CEX and DEX in a single application, $Blum stands out with support for more than 30 blockchain networks for automatic token listing and offers seamless MêtaMask transactions directly on Telegram.
Additionally, P2P trading with fiat currencies attracts the attention of both new and experienced investors. Their goal is to build a truly versatile crypto exchange. Therefore, these points may become very valuable in the future.
What will be notcoin price ? My prediction would be 0.01-0.015
we have already seen premarket price 0.01 in many exchanges . so I guess it would be more than 0.01 but some people will say it will get 0.02 or more . but I don't think so because not on has done alot of premarket sales so if it listing in 2 cents buyers will make like double money which we have not seen on any other coins before .
what do you think of the notcoin price ??? let me know
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I don't think you should postpone it. You don't do it later. Others are eating money.
I will tell you about the Revolving Games airdrop, which is the highly hyped Binance listing rumor.
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10 usdt code: '' icould_14 ''
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You can earn hundreds, maybe even thousands of dollars by spending just 10 minutes 🔥
I don't think you should postpone it. You don't do it later. Others are eating money.
I will tell you about the Revolving Games airdrop, which is the highly hyped Binance listing rumor.
1️⃣Go to site
👉 https://sidequest.rcade.game
10 usdt code: ben_coinmaster
2️⃣ The site will ask for Reference. Enter the ben_coinmaster reference code (It will give you additional points. You can help each other in the comments. I will distribute the ones from the reference)
3️⃣ There are tasks such as follow and interact within the site. Do all of these.
That was it. We need to check it for 1-2 minutes daily and do the following tasks.
I just started this morning. I have already collected 30k points with the tasks I completed in 10 minutes. There is still more than 1 month left to list.
You can really hit your head when you miss. So start now without delaying. May you have abundant profits 🍀
*BREAKING: $PEPE Transfer Sends Shockwaves Through Crypto Community!*
*1.24 TRILLION $PEPE ( $10.57 MILLION) MOVED TO BINANCE IN MASSIVE TRANSACTION!*
- *Date:* Tuesday, May 7, 2024 - *Time:* 03:04:47 UTC - *Amount:* 1,238,332,920,144 $PEPE (equivalent to $10,571,648)
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This monumental transfer is a testament to the power of taking risks and striving for greatness. Remember, the crypto world is full of uncertainty and volatility - but that's what makes it so thrilling!
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