While cryptocurrency investors are counting the days for spot Bitcoin ETFs, it has become a matter of curiosity which coins will rise if the SEC approves them.
There is a lot of speculation that the authorization of the highly anticipated Bitcoin exchange-traded fund (ETF) in the USA may occur at an early date. Some organizations stated that they expect to receive final approval for their applications by the end of Tuesday or Wednesday.
Issuers who meet the deadline to revise their applications before the end of the year could receive approval to begin operations by Jan. 10, insiders with knowledge of the filing procedure said, according to Reuters. This date is known as the day when the SEC must approve or reject the first fund in line, the Ark/21Shares ETF.
Sources with knowledge of the matter reported that investment management firms, stock exchanges and the US Securities and Exchange Commission (SEC) held discussions last Friday on the latest language changes in applications for spot Bitcoin ETFs.
If approved, it is said that this regulatory approval could have a significant impact on the Bitcoin price. Many analysts are also predicting a significant increase to previously unseen levels.
However, it is said that in addition to Bitcoin, certain tokens associated with BTC may also experience a significant increase in value due to the influx of investors that could be facilitated by the launch of a spot crypto ETF. Below, we have prepared an analysis about which coins Bitcoin ETF approval may pump.
Sponge Token V2 (SPONGEV2) – Coin Preparing to Add to Its Previous Success with Bitcoin ETF Approval
The approval of a spot Bitcoin ETF looks set to benefit meme coins as well. Meme coins are famous for their capacity to provide extraordinary price increases to early investors. Sponge Token (SPONGE) captured this enthusiasm when it was launched earlier this year, offering investors a 100x return on its initial price despite a declining market. Currently, Sponge Token V2 (SPONGEV2) is trying to continue this forward movement.
SpongeV2 introduces significant improvements to create renewed excitement. ThisSponge Token V2 purchase not right now. However, there are profitable staking incentives that allow Sponge V1 holders to transfer their tokens to the new contract. In addition, there is a play-to-win (P2E) game that offers both entertainment and financial gain opportunities.
The P2E game offers the opportunity to accumulate tokens by reaching high rankings in the in-game leaderboards. Both free and premium versions are made accessible. In addition, former SPONGE holders are eligible to receive staking bonuses and airdrops from the new V2 contract through the innovative Stake-to-Bridge function.
The maximum amount of tokens for SpongeV2 is 150 billion. More than 40 percent of the allocation was allocated to staking rewards, which incentivized the act of locking supply. An additional 25 percent was allocated to bridged SPONGE tokens. Reduced portions were allocated to areas such as marketing, P2E rewards and exchange liquidity.
Aiming to regain or perhaps exceed its previous market cap of around $100 million, SpongeV2 stands out as an attractive crypto project amid Bitcoin ETF approval.
Right now, Buy Sponge Token V2 SPONGE tokens can be purchased and staked.
Bitcoin Minetrix (BTCMTX) – Platform that Stands Out with Cloud Mining
Bitcoin Minetrix (BTCMTX) stands out as a platform that aims to revolutionize Bitcoin earnings thanks to its innovative stake-to-mine technology.
It is widely known that the Bitcoin mining process requires the use of expensive and specialized machines as well as a significant amount of electricity. However, a leading alternative cryptocurrency known as Bitcoin Minetrix (BTCMTX) offers a superior method to obtain Bitcoin.
Bitcoin Minetrix implements a new “Stake-to-Mine” framework that distinguishes itself from traditional Bitcoin mining. To obtain cloud mining credits instead of using hardware for mining Buy Bitcoin Minetrix tokens The choice of token staking is offered. These credits enable cloud mining, allowing you to passively create Bitcoin without the need to personally operate mining equipment.
Additionally, staking BTCMTX also provides a very profitable Annual Percentage Yield (APY) of 83 percent. Two sources of income can be obtained.
From a tokenomic perspective, BTCMTX has a full circulation of 10 billion units. Allocations consist of 35 percent for presale, 25 percent for staking rewards, 20 percent for founders and development, and the remainder for liquidity and exchange listings.
The altcoin in question managed to raise more than $7.7 million in the pre-sale event, attracting the attention of many crypto forecasters. Many experts have discussed Bitcoin Minetrix and highlighted its significant capacity to generate cash.
The BTCMTX pre-sale has been extremely successful, raising millions of dollars and the amount continues to grow. Considering the potential of this alternative cryptocurrency, BTCMTX is expected to be available on several leading exchanges once the pre-sale ends.
Despite Bitcoin’s current challenges, BTCMTX offers highly profitable potential to achieve significant and rapid financial growth. The tokens are currently available at a heavily discounted price of $0.0127.
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