SPONSORED POST*
Bitcoin (BTC) has experienced significant price fluctuations recently, leading to speculation among traders and investors. The price of Bitcoin surpassed $30,000, primarily driven by institutional investors anticipating the approval of a Bitcoin Exchange-Traded Fund (ETF). If the Bitcoin ETF is approved by the Securities and Exchange Commission (SEC), it would be possible to trade BTC indirectly on traditional stock markets, much like shares and index funds.
The demand for Bitcoin and the cryptocurrency sector may grow due to this development. Increasing predictions suggest that the Bitcoin ETF may cause BTC values to hit $40,000 in the coming weeks. Just like the 100x growth of Gold in 2004 when its ETF was launched, institutional investors are already anticipating a similar impact on the price of Bitcoin with the introduction of the Bitcoin ETF.
On-chain data indicates that institutional investors have been taking bullish positions on Bitcoin since news of the ETF emerged. Even whale investors have been increasingly active in trading Bitcoin recently, with a significant increase in large transactions last month. This suggests the ETF application may have played a crucial role in boosting investors’ confidence in BTC. But the recent rejection of the Bitcoin ETF by the SEC due to inadequacy and flaws has delayed the bullish movement of Bitcoin.
Fortunately, this rejection does not eliminate the possibility of BTC reaching the $40,000 mark. It simply means that it may take longer than initially predicted. A revised application for the Bitcoin ETF has been submitted to the SEC, addressing the identified flaws. If approved, it could still drive Bitcoin to rally quickly to $35,000 by August and potentially exceed $40,000 in the coming months. The price of BTC has responded positively to this development.
As Bitcoin’s bullish sentiment captures the market’s attention, several altcoins are also making giant strides. A new meme coin called DigiToads (TOADS) recently exploded during its presale, and traders are now piling into the token to get in on the next meme coin to 100x.
DigiToads (TOADS) Rising Demand Sets The Stage For A Very Successful Token Launch
The growing demand for DigiToads recently hit an all-time high of nearly $6 million following the influx of cross-chain investors participating in the ongoing presale. Observers in the industry have speculated that this surge is attributed to the profitability of DigiToads for short-term and long-term investment goals. It is also because of its remarkable presale performance despite the crypto bear market.
The TOADS crypto ICO began with a value of $0.01 and experienced exponential growth, reaching $0.047 after completing 8 out of 10 stages. Currently in the 9th stage, the presale is the best crypto investment that has delivered an impressive 370% increase in value, generating widespread interest in the potential of the early-stage token. The consistent demand for TOADS has shattered multiple demand milestones, with over 357 million tokens sold, raising over $ 6 million.
In addition to the presale, the cryptocurrency platform has other profitable offerings, including its collection of the best NFTs to buy, which consists of 3500 valuable NFTs. The collection was recently released on the platform for minting, resulting in skyrocketing demand. Web3 enthusiasts now consider Toads Friends the best NFTs to buy to maximize gains from DigiToads.
Savvy investors are actively securing their opportunity to partake in the anticipated value growth when TOADS lists on BitMart and Uniswap immediately after the presale ends. Experts in the field have predicted that DigiToads’ interaction with decentralized exchanges positions it as the best crypto investment due to exponential increases in exposure, buying pressure, and overall value. These advantages could lead TOADS to surpass industry thresholds and achieve new milestones in the coming months.
Conclusion
The SEC’s rejection of the Bitcoin ETF is a temporary setback, but Bitcoin’s rally to $40,000 may still happen. Meanwhile, the explosive demand for DigiToads during its crypto ICO showcases the increasing interest in the meme coin. With its remarkable performance and profitability, DigiToads has attracted cross-chain investors and shattered demand milestones. As the presale continues and the token prepares to list on BitMart and Uniswap, savvy investors eagerly anticipate the value growth that decentralized exchanges can bring.
*This article was paid for Cryptonomist did not write the article or test the platform.
 recently exploded during its presale, and traders are now piling into the token to get in.){kind=link}