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Ethereum ETFs May Come True
The crypto market has turned extremely bullish as one Bloomberg ETF analyst share a tweet about the possibility of getting ETH ETFs approved is higher than many people assumed. For him, the chance is as high as 75% to get an approval from the SEC.
Until now, the whole market adopted an extremely bearish side and the positive news made the coins break their resistance levels.
By staying above $3580, Ethereum escapes from the lower band and energizes the whole altcoin market. This might be one of the prerequisites.
Binance has changed its stance on point in terms of coin listing. The reason why the team changed their mind is that the new coins have a shorter hype period to pump hard and get forgotten.
Once the period of Binance listing gets longer, the customers of Binance are exposed to a massive sell off on them once the coin starts trading. NotCoin listing is a good example of new type of listing strategy. The team wants to catch the hype and liquidity when it is still hot.
One last thing regarding Binance operations is that the team believes in the power of writing. Thus, there is an ongoing WritetoEarn campaign by Binance to grab some commission fees. Lions can partly share their InLEO posts and try their luck 😉
Not everything goes perfectly fine in the crypto ecosystem. There are still lots of uncertainties and risks on the side of regulations.
Another news came from Venezuela that the crypto mining operations will be restricted. As history proved several times, such mining bans from countries have never yielded positive return for the politicians. Rather, they accept to fell back on the massive race of crypto integration.
Knowing all these risks and rewards, the individual investors have to adjust their portfolio according to their risk appetite. There has always been some manipulations and the retailers got hunted down. Crypto has its own rules that we all need to obey.
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Posted Using InLeo Alpha
An EThereum ETF approval not only will open doors for ETH users but the altcoin industry in general. The fact is when ETH ETF is done and dusted we all know another coin will join the list of adoption.
You are right honestly,I actually benefited from the notcoin, really nice post👍👍
Glad to hear.
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