$PEPE
PEPE price forecast: How high could it rise?
Although achieving a 100-fold gain for PEPE may seem an overly optimistic target given its current large market capitalization, its future prospects are still positive; Amid growing expectations that the Securities and Exchange Commission (SEC) will approve the establishment of Ethereum spot ETFs (Ethereum Spot ETF), the meme coin built on the Ethereum blockchain has witnessed remarkable demand from investors, and they seem to be betting on PEPE being one of the biggest beneficiaries of growth. Accelerated Ethereum Technical System.
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As the price of Pepecoin-PEPE continues to rise by 30% over the past 7 days and reaches unprecedented levels, investors are wondering about the possibility of it multiplying 100 times. At the time of publishing the news, PEPE was trading at $0.00001600, recording a market value of 5.7 billion. dollar.

If PEPE achieves a hundredfold gain, its market value will reach $570 billion, and most crypto analysts agree that it will not be able to reach such levels, especially in the foreseeable future.

South Korean Banks and Securities Firms Establish Token Issuance Platforms
According to Odaily, banks and securities companies in South Korea have begun to establish token issuance platforms and form tokenization alliances. Despite the delay in passing legislation supporting the issuance of security tokens, these institutions continue to make progress. This week, Youli Bank signed a distribution agreement with a secondary market operator and applied to participate in the regulatory sandbox.
The Korean Agricultural Cooperative Bank received funding of 1 billion Korean won (732,000 USD) from the Korean Internet and Security Agency (KISA) for the development of its token issuance platform. The platform is expected to be ready by November this year. Despite the lack of legislative support, the move by these institutions indicates a growing interest in the potential of tokenization in the financial sector.

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According to Odaily, ETF issuer VanEck has promptly submitted a revised S-1 application form for an Ethereum spot ETF. The move signifies the company's continued interest in expanding its cryptocurrency offerings, particularly in Ethereum, one of the leading digital currencies. The revised application is a crucial step in the process of obtaining regulatory approval for the proposed ETF.
The Ethereum spot ETF, if approved, would allow investors to gain exposure to the Ethereum cryptocurrency without the need to directly own the digital asset. This could potentially open up the Ethereum market to a broader range of investors, including those who may be hesitant to invest directly in cryptocurrencies due to their volatile nature.
However, it's important to note that the approval of the Ethereum spot ETF is not guaranteed. The regulatory environment for cryptocurrencies remains uncertain, and the approval process for such financial products can be lengthy and complex. Despite these challenges, VanEck's submission of the revised application demonstrates its commitment to providing innovative investment options in the digital asset space.

According to Odaily, ETF issuer VanEck has promptly submitted a revised S-1 application form for an Ethereum spot ETF. The move signifies the company's continued interest in expanding its cryptocurrency offerings, particularly in Ethereum, one of the leading digital currencies. The revised application is a crucial step in the process of obtaining regulatory approval for the proposed ETF.
The Ethereum spot ETF, if approved, would allow investors to gain exposure to the Ethereum cryptocurrency without the need to directly own the digital asset. This could potentially open up the Ethereum market to a broader range of investors, including those who may be hesitant to invest directly in cryptocurrencies due to their volatile nature.
However, it's important to note that the approval of the Ethereum spot ETF is not guaranteed. The regulatory environment for cryptocurrencies remains uncertain, and the approval process for such financial products can be lengthy and complex. Despite these challenges, VanEck's submission of the revised application demonstrates its commitment to providing innovative investment options in the digital asset space.

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According to CryptoPotato, Metaplanet, a Japanese firm often compared to MicroStrategy on Crypto Twitter, has seen a 158% surge in its shares over the past week. This surge led to a halt in stock trading for two consecutive days. Currently, Metaplanet is leading among Japanese stocks as the highest gainer.
The company's strategy, similar to that of MicroStrategy, the largest Bitcoin corporate holder, has been to accumulate more Bitcoin over time. This strategy has paid off, with Metaplanet's share price rising 127% to 93 Japanese yen, up from 41 at the start of the week. The company is now on the verge of hitting a $1 billion market cap.
On Monday, Metaplanet announced a plan to increase its Bitcoin accumulation by boosting the number of authorized shares by 300%. This strategy, previously used by MicroStrategy, allows the company to raise funds through new share sales. The capital raised will be used to purchase additional Bitcoin, effectively turning Metaplanet into a de facto Bitcoin ETF for Japanese investors, without any associated fees.
Since announcing its Bitcoin investment strategy on April 8, Metaplanet has acquired 117.7 BTC, currently valued at $7.2 million. The company's stock surged 389% following the announcement. Metaplanet plans to use a 'full spectrum of capital market tools' to enhance its Bitcoin reserves, similar to MicroStrategy's approach.
The company's Bitcoin investment strategy is a response to Japan's escalating debt burden and the rapid depreciation of the yen. Japan's debt-to-GDP ratio of 261% is the highest among developed nations, and the yen has depreciated by over 34% against the US dollar since the beginning of 2021. In contrast, Bitcoin has surged by nearly 190% against the Japanese yen in the past year.
Metaplanet is currently listed exclusively on the Tokyo Stock Exchange, limiting access for U.S. investors. However, plans to tokenize Metaplanet shares on the Bitcoin layer-2 network Liquid have been announced by Arnab Naskar, a co-founder of the security token

We do not know what happened to the market. After its rise, the Bitcoin currency corrected a slight decline, but as for the PEPE currency, it continues to rise without a strong decline. #Binance #MemeWatch2024 #solana #Binance #nft $BTC $ETH $BNB

What will happen in the market next month? What do you expect? Write your prediction in the comments

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