World-famous bank Standard Chartered’s jaw-dropping price prediction for spot ETF approval for Bitcoin has increased interest in coins that may rise together.
News of the approval of a spot Bitcoin ETF is rolling in. Finally, Geoff Kendrick, Head of FX Research at British banking giant Standard Chartered, said that the approval of Bitcoin spot ETFs has the potential to increase the value of the leading cryptocurrency by over 300 percent by the end of next year.
Wall Street currently expects the first of these ETFs to be approved by the U.S. Securities and Exchange Commission (SEC) by Wednesday, which is the agency’s reported deadline for making a decision.
They believe that if the expected inflows due to ETFs occur, the level of 200 thousand dollars can be reached by the end of 2025. According to Kendrick’s forecast, there will be a total of 437 thousand to 1.32 million new Bitcoin holders in spot US ETFs by the end of 2024. Additionally, Kendrick predicts that inflows for this year alone could range from $50 billion to $100 billion.
Bitcoin reaching a value of $200,000 would represent a significant price increase of more than 340 percent compared to its current level of approximately $46,000.
Kendrick had previously predicted that once these ETFs become operational, they will create a significant increase in demand, which will lead to a significant increase in the BTC price. He also predicted that Bitcoin could potentially reach $100,000 by the end of 2024. In addition to the upcoming halving cycle and miners accumulating tokens, Kendrick’s optimistic forecast also predicts a decrease in supply.
These statements whetted the appetite of both Bitcoin investors and those who want to take part in new projects early, directing them to BTC alternative coins. The following projects started to attract attention as BTC alternatives.
Bitcoin Minetrix (BTCMTX) – Project Nearing 8 Million Dollars with a 30 Thousand Dollar Prize
Bitcoin Minetrix (BTCMTX) is a cloud mining platform that stands out for its exceptional efficiency and focus on ease of use. It uses tokenization to enhance its operations. As it is known, the traditional Bitcoin mining process was quite difficult for ordinary people.
However, this platform Bitcoin Minetrix token purchase It equalizes the opportunities and enables everyone who is interested in mining the world’s most well-known cryptocurrency to participate. This not only increases accessibility, but also allows investors to stake BTCMTX and thus earn credits for mining additional Bitcoin. Additionally, this strategy effectively addresses issues related to the reliability of cloud mining and the prevalence of fraudulent activities in the market.
The team carefully designed a detailed plan, demonstrating a proactive commitment to moving the project forward. After the pre-sale, their main goals are to get listings on exchanges, run a comprehensive marketing campaign across different platforms, and begin development of desktop and mobile applications, which will require staff expansion. Ongoing talks with reliable cloud mining companies reveal a positive outlook for significant expansion.
The next phase will prioritize the implementation of stake-to-mine desktop and mobile interfaces, as well as facilitating early Bitcoin withdrawals to wallets. Future plans include integrating functionality to convert mining credits into hashing power.
Bitcoin Minetrix has reached an important milestone in the pre-sale phase. BTCMTX coin, currently priced at $0.0127, has managed to raise close to $8 million. Users Buying Bitcoin Minetrix tokens You have the option to make transactions using credit card, ETH, USDT and BNB. In addition, a fascinating Gleam tournament also offers participants the opportunity to win a minedrop prize of $ 30 thousand.
Launchpad XYZ (LPX) – AI-Powered Platform Providing Trading Tactics
Launchpad aims to provide XYZ (LPX) clients with AI-generated cryptocurrency trading insights and tactics. This is why many novice investors especially Launchpad XYZ token purchase is heading.
Launchpad Quotient (LPQ) aims to use machine learning algorithms to examine over 400 data sources to create personalized trading recommendations for individual users.
The project is holding a cryptocurrency presale that has so far raised more than $2.47 million from cryptocurrency investors looking to acquire the platform’s native LPX token before listing. The pre-sale offers NFT passes at different price levels, starting from $50. Higher tiers come with more perks like weekly LPQ insights and unparalleled community access.
The platform aims to offer customers the opportunity to make partial investments in assets such as real estate, as well as artificial intelligence-supported trading tools. They also have goals to create an NFT market and decentralized exchange in 2024.
While the pre-sale is ending soon, many analysts predict that Launchpad XYZ’s technology could position it as a major future player in the decentralized finance space.
As AI continues to permeate the financial industry, tools like Launchpad XYZ’s LPQ could find widespread adoption by retail investors looking for an edge.
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