The crypto market had another strong day as global market capitalization rose 1%. While Bitcoin continues to trade sideways above $30k, Ethereum is dominating the bullish rally.
ETH is now up over 4% on the weekly time frame and is close to breaking above the $2k price level.
Strong inflows into the cryptocurrency market have boosted other major altcoins such as Bitcoin Cash and Litecoin, as well as recently launched tokens such as yPredict and Ecoterra.
Ethereum moves towards $2k
The major altcoins are in a state of euphoria, with Ethereum leading the way. Ether is up 2.3% over the past day, bringing its weekly recovery to 4.2%. The token is currently trading at $1,963 and is very close to hitting the $2k mark for the second time this year.
ETH is currently showing bullish strength due to institutional adoption of cryptocurrencies, led by Bitcoin. Various TradFi giants such as BlackRock and Fidelity have Submitted to spot Bitcoin ETF.
Bloomberg Intelligence shows that several institutions previously applied for Bitcoin spot trading up to 30 times, but were rejected by the SEC. Therefore, an approval from the main market watchdog would likely be incredibly bullish for the entire crypto industry, including Ethereum.
The crypto market plunged after SEC officials claimed that recent filings had been inadequate. However, brokerage firm Bernstein believes the chances of SEC approval are “pretty high” as institutions like Fidelity are already resubmitting their applications.
Ethereum is also enjoying its fair share of institutional attention. A new EDX crypto exchange, backed by giants Charles Schwab, Citadel, and Fidelity, has offered Ethereum trading to its users. The exchange offers trading of only three other crypto assets: Bitcoin, Bitcoin Cash, and Litecoin.
Experts believe that the sudden institutional attention on Ethereum may be a sign that the SEC will not label the token as a security.
The market is also exploding as economic data continues to point to lower inflation levels. He Federal Reserve it already halted its interest rate hike last month. If the central bank continues to pivot from its hawkish stance, ETH and other altcoins may see notable price growth.
What altcoins could also emerge?
The current bullish rally has been rewarding for altcoins, especially high-utility projects with enormous real-world value.
Other altcoins like Bitcoin Cash and Litecoin are pumping, while YPredict and Ecoterra are two presale tokens that are also showing significant growth.
AI-powered trading platform YPredict approaches $3 million in pre-sale
YPredict It has become one of the most talked about cryptocurrency pre-sales in recent weeks. The token has raised $2.7 million and is close to reaching the $3 million mark.
$YPRED is currently priced at $0.09 but will rise 28% as it progresses to the next pre-sale stage, offering an exciting opportunity for early investors.
AI-based crypto projects are in high demand – they have already amassed over $5 billion in market capitalization. YPredict’s wide variety of market tools and ML-based predictive trading can help you become a major player in this space.
All $YPRED holders are eligible for free access to the Predictions platform, which comprises accurate price models for thousands of crypto assets and securities. Meanwhile, traders can use the Analytics platform to gain valuable market insights through top-notch pattern recognition algorithms, transaction analysis, and sentiment analysis.
YPredict Marketplace is the company’s flagship platform, enabling top AI and machine learning experts to publish vetted and accurate data models. Traders can subscribe to these models and make informed decisions in real time.
In addition to powering this all-in-one ecosystem, $YPRED also offers lucrative rewards to holders. Investors can earn up to 45% bet reward quarterly and also enjoy exciting discounts when using the yPredict platform.
Exciting Recycle2Earn Token Ecoterra Nears Launch, Tier 1 Listing Next?
The best ecological token ecoland it is another cryptocurrency that is gaining ground and has entered the final stage of its successful pre-sale. It has now grossed $5.7 million and is on pace to hit the projected $6.7 million.
Despite the turbulent market conditions, $ECOTERRA has been a fan favorite among crypto investors during the pre-sale, likely due to its exciting real-world utility. The Ecoterra project encourages individuals and corporations to play their part in reversing anthropogenic global warming.
With the help of blockchain technology and lucrative tokenomics, the project aims to create a sustainable circular economy of recycled products.
Corporations can build a stellar reputation by buying recycled raw materials at low cost; meanwhile, people can earn $ECOTERRA tokens for recycling waste products through the R2E app.
Businesses and individuals can also play an important role in helping to achieve carbon neutrality. They can purchase verified carbon units through Ecoterra’s carbon offset marketplace and reduce their greenhouse gas footprint.
While the platform accepts payments in Bitcoin, USDT, and even fiat, the $ECOTERRA token is the preferred option: it costs low transaction fees and allows for staking.
Due to its high utility, the token is considered a likely candidate for a Tier 1 exchange listing, which could result in a bullish surge. Investors can take advantage of this by buying $ECOTERRA through bank cards or by exchanging ETH or USDT tokens. The project also offers a 10% bonus to each user who purchases the token at the final stage.
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