–News Direct–
BlackRock has officially filed for a spot Ethereum ETF with the SEC, and while the price of Ethereum did witness a price surge, its original version, Ethereum Classic (ETC), has struggled. Meanwhile, investors are moving toward a new meme coin that promises a stunning 150% price growth by the end of its public presale.
Lets explore more about ETC losing relevance and the emergence of the new top ICO and find out which is the best crypto to invest in!
ETC Fails to Capitalize on Potential Ethereum ETF Approval Speculations
On November 15, 2023, BlackRock, the world's largest asset manager, formally filed for a spot Ethereum exchange-traded fund (ETF) with the SEC.
The ETF, named iShares Ethereum Trust, aims to mirror the performance of the price of ether, as indicated in the Form S-1 filed by iShares. Despite high expectations surrounding this development, the news failed to trigger a positive response in the Ethereum Classic market.
The price of Ethereum Classic experienced a decline of 6.5% from $19.88 per ETC on November 15 to $18.71 per ETC on November 22, showcasing a lack of positive impact amidst speculations of potential Ethereum ETF approval.
The market sentiment around ETC did not capitalize on the enthusiasm generated by BlackRock's move into the crypto ETF space, revealing the challenges faced by Ethereum Classic in maintaining relevance in a dynamic market.
Looking ahead to 2024, analysts project a cautiously optimistic outlook for Ethereum Classic. If the SEC approves Ethereum ETFs and Ethereum Classic undergoes exciting developments, the experts predict a potential price surge, with ETC crossing the $30 mark to reach $30.93.
However, bearish forecasts paint a more conservative picture, suggesting that the price might hover around $22.41 in 2024 if market sentiments turn bearish and ETC struggles to assert its significance in the evolving crypto landscape.
$RBLZ Attracts Investors With a Unique Narrative and 150% Profit Potential
In the face of the descending trajectory witnessed by Ethereum Classic, investors are diverting their attention to a fresh and promising alternative: Rebel Satoshi. This new coin, symbolized by the token $RBLZ, carries a unique narrative that sets it apart in the current cryptocurrency landscape.
Rebel Satoshi is not merely a token; it represents a movement, a meme coin designed to challenge the established norms of the crypto space. With a mission to reshape the crypto landscape, awaken the silent majority, and spark a revolutionary transformation, Rebel Satoshi stands as a beacon of change.
The $RBLZ token serves as a symbol of unity and defiance against the status quo. As an Ethereum-based (ERC20) token, $RBLZ goes beyond being a simple asset; it grants holders access to quests, rewards, and stake-based benefits.
Moreover, token burning adds a strategic layer to combat inflation by Rebel Satoshi, creating a sense of scarcity that could enhance $RBLZ's value over time. At the conclusion of the presale, any unsold $RBLZ tokens will be intentionally burned.
In the Early Bid Round of its public presale at $0.010 per $RBLZ, Rebel Satoshi is poised for a 29.9% surge to $0.013 in the next round. Furthermore, experts predict a substantial 150% surge for $RBLZ, reaching $0.025 by the end of the public presale.
Notably, Rebel Satoshi achieved a significant milestone by selling 10 million tokens in just 48 hours, reflecting investors growing interest and confidence in this new and dynamic cryptocurrency.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
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Rebel Red
View source version on newsdirect.com: https://newsdirect.com/news/the-downward-trend-of-ethereum-classic-whats-drawing-investors-to-this-new-coin-816606030
Blockchain Digest
COMTEX_443863038/2655/2023-11-22T11:19:25
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Smart Herald journalist was involved in the writing and production of this article.