Will the Ethereum Price Pump as Ether Futures ETFs Launch? New ERC-20 Tokens to Watch if Ethereum Hits $2,000
The crypto market is buzzing with anticipation as Ether (ETH) futures ETFs launch in the US for the first time.
Investors and traders are keen to discover how this financial instrument could influence Ethereum’s price – with some speculating that it could push the token’s value over the $2,000 mark.
While Ethereum remains the talk of the crypto market, investors are also watching two up-and-coming ERC-20 tokens that could ride the wave of ETH’s success.
ETH Futures ETFs Launch in the US – Institutional Investment Set to Surge?
On October 2, the crypto market saw a pivotal development as multiple ETH futures ETFs began trading in the US.
This move was spearheaded by huge investment firms like ProShares and Valkyrie, with a total of nine ETFs debuting at the same time.
ProShares launched three funds, while the others rolled out a single Ethereum-based investment product, expanding the landscape for institutional investment in ETH.
This move is seen as a big deal for several reasons – most notably, these futures ETFs provide a regulated pathway for institutional investors to access the crypto market.
Regulatory clarity brought about by the launch of these ETFs could remove some of the risks associated with investing in ETH, making the token more appealing to large institutions.
Additionally, more traditional financial entities are exploring the Ethereum ecosystem, such as UBS, which recently launched a tokenization trial on the network.
This has further boosted investor sentiment, fueling expectations that ETH’s price could surge before the end of the year.
However, the initial trading performance of these ETH futures ETFs was relatively poor.
Eric Balchunas, a Bloomberg analyst, expressed his disappointment at the low trading volumes from these ETFs on their first day.
Regardless, the price of ETH did jump over 4% in anticipation of the ETFs going live, yet 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 whether the token can reach the $2,000 milestone by 2023, as many investors hope.
Which ERC-20 Tokens Should Investors Watch if ETH Reaches $2,000?
While Ethereum futures ETFs continue making headlines, some investors are seeking new cryptos that could soar if ETH makes it to $2,000.
Two projects attracting attention in this regard are Bitcoin Minetrix and Meme Kombat – both in the midst of highly anticipated presale phases.
Trending Bitcoin Minetrix Seeks to Disrupt Cloud Mining as Presale Raises $370,000
First up is Bitcoin Minetrix (BTCMTX), an innovative ERC-20 token aiming to redefine cloud-based Bitcoin mining.
By purchasing and staking BTCMTX tokens, investors can gain access to cloud mining credits, which can then be exchanged for BTC mining power.
As such, Bitcoin Minetrix places cloud mining control back in the hands of the community, eliminating the need for third-party services that often come with the risk of scams.
Bitcoin Minetrix is currently in its presale phase, offering BTCMTX tokens at just $0.011.
Early investors can buy and stake these tokens to generate an impressive yield of 1,960% per year – although this yield will decrease as more tokens are staked.
Bitcoin Minetrix’s presale 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 over $370,000 in its first week, with Bitcoin Minetrix’s Telegram community seeing hundreds of new members join.
Bitcoin Minetrix’s tokenomics are also well structured, with a clear allocation of tokens 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.
Visit Bitcoin Minetrix Presale
Viral Presale Meme Kombat Offers Engaging Battles & Betting Opportunities
Another new ERC-20 token worth watching is Meme Kombat (MK), which combines staking, betting, and meme-themed battles into one engaging ecosystem.
This innovative platform, built on the blockchain, enables users to bet on these meme-based battles using MK – Meme Kombat’s native token.
Not only does this ensure an engaging user experience, but it also provides scope for financial rewards.
Alongside wagering, users can also stake their MK tokens to earn passive income, with yields currently set at 112% per year.
These elements have helped Meme Kombat create a significant early buzz, raising $230,000 out 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 the exchange listings, which are planned for later this year.
Tokenomics also plays a crucial role in Meme Kombat’s potential, with the presale accounting for 50% of the total MK supply, while 30% is dedicated to staking and battle rewards.
Meme Kombat’s whitepaper also details an action-packed roadmap for the future, including new battle types, rewards, and partnerships.
As Meme Kombat’s presale continues gathering pace, it stands as an exciting ERC-20 token to watch in the near term.
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