Ethereum ETF on the Horizon, Solana Becomes Fifth Largest Crypto, and Furrever Token to Soar

The post Ethereum ETF on the Horizon, Solana Becomes Fifth Largest Crypto, and Furrever Token to Soar appeared first on Coinpedia Fintech News

As the crypto market continues to evolve, major developments are taking centre stage. Solana has recently become the fifth-largest cryptocurrency, showcasing its growing influence and resilience in a competitive landscape. Meanwhile, Ethereum is making headlines with the anticipated approval of its first ETF, which could further solidify its dominance and attract institutional investors. Amidst these significant advancements, Furrever Token is capturing attention with its unique proposition of infusing the crypto space with a dose of cuteness.

As it nears its launch, projections suggest that Furrever Token could surge by $1500, promising an exciting new chapter for crypto enthusiasts.

Ethereum Eyes New Highs Amid ETF Anticipation: Will $8,000 Become a Reality?

As of now, Ethereum (ETH) is hovering around $3,789.04, which represents an increase of nearly 4% from yesterday. This price increase corresponds with rising hope of the approval of a physical Ethereum ETF by the US Securities and Exchange Commission (SEC). Based on Standard Chartered, a foremost international university, the probability of this ratification materializing this week is 80/90%.

In the interview with The Block, Geoff Kendrick, currently the Head of FX and Digital Asset Research at Standard Chartered, commented that once these spot ETFs are approved, such funds could range from 2.39 to 9.15 million ETH inside the first year of trading: This would be equivalent to $15 to $45 billion of this would help increase the amount of funds for cash reserve to meet the global needs that would be required for growth.

The following forecast is also derived from the current trading movement of spot Bitcoin ETFs, which have hit $12. of money net inflows since they were set up early this year, January to be precise.

The SEC advising exchanges to fast-track the listing of spot Ether ETFs has boosted optimism in the cryptocurrency market. Bloomberg analysts now estimate a 75% chance of approval.

According to Standard Chartered, BTIG still has bullish staking on Ethereum and Bitcoin. For Ethereum, Kendrick expects it to be valued at $8,000 by the end of 2024, while for Bitcoin, he sees it rise to $150,000. He estimates that Ethereum may reach the price level of $14,000 and Bitcoin at $200,000 in 2025.

Solana’s Resilience: Despite a Dip, Long-Term Growth Remains Promising

Solana is currently trading at $178. 06, down by 4% compared to the figure recorded the previous day. However, over the week, Solana has surged by 23% and 19% in the past month, which is a great run for this cryptocurrency. These benefits have shifted Solana to 5th place in the rank of market capitalization.

Solana again broke off to record growth due to the impressive TPS, low fees, and an ever-growing number of projects and users. Such a trend speaks of a further increase in the following weeks. In the short term, it is generally upbeat due to solid fundamentals and the ongoing development of the Solana ecosystem. 

Reliable, objective measures are quite favourable from the technical point of view as well. The RSI is above 50 at the moment, but it has recently decreased and may be experiencing a push to leave the oversold region. Also, the moving average of 30 days is persistently above the average of 200 days, which is considered bearish and is characteristic of the growth phases. 

Solana is performing well, as evidenced by its trading volume crossing $5 billion today. Positive market expectations associated with the spot-based Ethereum ETF also factor into a bullish outlook on Solana. This optimism is seen in specific price forecasts for Solana, calling for it to trade at $200 in the next few weeks and $250 by Q4.

Furrever Token’s Potential Surge Creates Massive Buzz: Get In Before the Presale Ends!

Furrever Token (FURR) is the new gem that has caught the attention of the crypto community with a 1500% potential to grow. Intended to disrupt the crypto space with a healthy dose of the cute factor, Furrever Token is a project that is not only fun but also focused on cute cat pictures. Before the presale is over, early investors are expected to be the most rewarded, with massive profits expected to be reserved for those who invest before the presale period is over.

The current presale has already attracted more than $1.1 million and is in its last two stages of completing the one million dollar goal. 9 million goal. The token is currently at $0.000648, which is a perfect chance for investors to buy it before it lists on PancakeSwap.

Since there is no buy or sell tax, audited smart contracts, and team tokens locked for a year, Furrever Token shows investors that it is safe and will continue to grow in the future.

The proposed ecosystem of Furrever Token is rather engaging and warm-hearted due to cute cat-themed stickers and visuals, as well as community challenges. The project has a healthy and very active Telegram group with about 4k organic members, and the moderators are the early adopters of the project, which adds credibility to the project.

Do not lose this sweet and possibly very lucrative chance. Buy Furrever Token now on the presale at Furrevertoken.com and be a part of the crypto revolution that is not only entertaining but can also be profitable. Invest in FURR tokens now and be part of this new and promising business endeavour!

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