The cryptocurrency market is abuzz with anticipation as Ether (eth) futures ETFs launch in the US for the first time.
Investors and traders are interested in finding out how this financial instrument could influence the price of ethereum, with some speculating that it could push the token’s value above the $2,000 mark.
While ethereum remains the talk of the cryptocurrency market, investors are also eyeing two promising ERC-20 tokens that could ride the wave of eth‘s success.
eth Futures ETF Launches in US: Will Institutional Investment Increase?
On October 2, the cryptocurrency market saw a fundamental development asethereum-future-etfs-start-trading-us-first-time” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”> multiple eth futures ETFs started trading in the US.
This move was led by large investment firms such as ProShares and Valkyrie, with a total of nine ETFs debuting at the same time.
ProShares launched three funds, while the others launched a single ethereum-based investment product, broadening the landscape for institutional investment in eth.
This measure is considered important for several reasons; In particular, these futures ETFs provide a regulated avenue for institutional investors to access the cryptocurrency market.
The regulatory clarity generated by the launch of these ETFs could eliminate some of the risks associated with investing in eth, making the token more attractive to large institutions.
In addition, more traditional financial entities are exploring the ethereum ecosystem, such as UBS, which recentlyethereum” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”> launched a tokenization test on the network.
This has further boosted investor sentiment, fueling expectations that the eth price could rise before the end of the year.
However, the initial trading performance of these eth futures ETFs was relatively poor.
Eric Balchunas, Bloomberg analyst, expressed disappointment over low trading volumes of these ETFs on their first day.
Regardless, the price of eth rose over 4% in anticipation of the ETFs going live, however, most of these gains have been erased at the time of writing.
With eth now hovering around the $1,665 level, only time will tell if the token can reach the $2,000 milestone by 2023, as many investors expect.
Which ERC-20 tokens should investors consider if eth hits $2,000?
While ethereum futures ETFs continue to make headlines, some investors are looking for new cryptocurrencies that could skyrocket if eth hits $2,000.
Two projects that draw attention in this regard are bitcoin Minetrix and Meme Kombat, both in the midst of highly anticipated pre-sale phases.
bitcoin Minetrix Trend Seeks to Revolutionize Cloud Mining as Pre-Sale Raises $370,000
First isethereum-price-pump-as-ether-futures-etfs-launch-new-erc-20-tokens-to-watch-if-ethereum-hits-2000″ data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”> bitcoin Minetrix (BTCMTX)an innovative ERC-20 token that aims to redefine cloud-based bitcoin mining.
By purchasing and staking BTCMTX tokens, investors can gain access to cloud mining credits, which can then be redeemed for btc mining power.
As such, bitcoin Minetrix puts control of cloud mining back into the hands of the community, eliminating the need for third-party services that often carry the risk of scams.
bitcoin Minetrix is currently in its pre-sale phase and is offering BTCMTX tokens for just $0.011.
Early investors can buy and stake these tokens to generate impressive returns. of 1,960% annually – although this return will decrease as more tokens are staked.
The bitcoin Minetrix pre-sale will comprise ten stages, each with its own BTCMTX price, meaning those who invest early will receive a lower entry point.
The project has already raised more than $370,000 in its first week, with bitcoin Minetrix Telegram Community watching hundreds of new members join.
bitcoin Minetrix tokenomics is also well structured, with clear token allocation for mining operations, marketing, and community rewards.
Given the colossal growth expected in the global crypto mining market over the next decade, bitcoin Minetrix could be a game-changer in the space, making it an ERC-20 token that investors should keep an eye on.
ethereum-price-pump-as-ether-futures-etfs-launch-new-erc-20-tokens-to-watch-if-ethereum-hits-2000″ data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>Visit the bitcoin Minetrix pre-sale
Viral Pre-Sale Kombat Meme Offers Interesting Battles and Betting Opportunities
Another new ERC-20 token worth checking out isethereum-price-pump-as-ether-futures-etfs-launch-new-erc-20-tokens-to-watch-if-ethereum-hits-2000″ data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”> Kombat Meme (MK)that combines meme-themed betting, betting, and battles in one engaging ecosystem.
This innovative platform, built on blockchain, allows users to bet on these meme-based battles using MK, Meme Kombat’s native token.
This not only ensures an engaging user experience but also offers chances of financial rewards.
In addition to staking, users can also stake their MK tokens to earn passive income, with yields currently set at 112% annually.
These elements have helped Meme Kombat generate significant initial buzz, raising $230,000 of its $1 million goal.
With each MK token priced at $1,667, the platform offers potentially high returns if it can sustain this hype until market listings, which are planned for later this year.
Tokenomics also plays a crucial role in Meme Kombat’s potential, as pre-sales make up 50% of the total MK supply, while 30% is dedicated to staking and battle rewards.
Meme Kombat White Paper It also details an action-packed roadmap for the future, including new battle types, rewards, and partnerships.
As Meme Kombat pre-sales continue to accelerate, it stands as an exciting ERC-20 token to watch in the near term.
ethereum-price-pump-as-ether-futures-etfs-launch-new-erc-20-tokens-to-watch-if-ethereum-hits-2000″ data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>Presale Visit Meme Kombat
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