- The SEC has taken a historic step by approving pending Bitcoin ETFs, pushing Bitcoin (BTC) up on the charts.
- Crypto experts predict Ethereum Classic (ETC) will surpass the $40 mark in 2024.
- Analysts believe Rebel Satoshi (RBLZ) might soar following the Bitcoin ETF approval as it shares the same ethos of rebellion.
The SEC has finally approved pending Bitcoin ETFs to offer a new direction to the crypto sector while Bitcoin (BTC) witnesses a remarkable rally. Meanwhile, experts highlight two cryptocurrencies, Ethereum Classic (ETC) and Rebel Satoshi (RBLZ), as the best crypto investment options amid the imminent market upswing.
Let’s discuss the implications of the SEC’s decision on ETC and $RBLZ to find the best crypto to invest in!
Historic Decision: The SEC Gives Green Signal to Bitcoin ETFs
In a groundbreaking development on January 10, 2024, the U.S. SEC finally granted approval to pending Bitcoin ETFs, marking a significant milestone for BTC and the broader cryptocurrency market.
This decision comes after years of delays and rejections, representing a crucial step toward broader institutional acceptance of Bitcoin. Moreover, this approval follows a recent legal setback for the SEC, adding to the significance of the regulatory green light.
The impact of the SEC’s approval on BTC’s price has been substantial. Analyzing the data, the price of BTC has surged by an impressive 21.7% over the past month, climbing from $40,234.58 to $48,969.37.
Looking ahead to 2024, experts are optimistic about Bitcoin’s growth ahead. Projections suggest that BTC’s price will surpass the $80,000 mark, reaching $80,676.70, driven by the anticipation of an upcoming bull run catalyzed by the recent approval of Bitcoin ETFs.
However, bearish forecasts caution that BTC’s price might stay below $65,341.95 if prevailing bearish sentiments dominate.
ETC Price Rallies as Ethereum Classic’s Spiral Network Upgrade Approaches
On December 12, 2023, the Ethereum Classic team announced the upcoming activation of the Spiral Network Upgrade on block 19,250,000, scheduled for around January 31, 2024. This crucial development signals Ethereum Classic’s commitment to ongoing enhancements and technical upgrades.
The community was urged to ensure their node software is promptly updated to the latest version to align with the upcoming changes.
Analyzing the impact of this news on the market, the price of Ethereum Classic’s native token, ETC, has witnessed a remarkable surge of 63.9% over the past month. The ETC price has increased from $19.51 to $31.99. So, is ETC the best crypto to buy now?
Experts in the cryptocurrency space project a positive trajectory for Ethereum Classic. Price predictions suggest that ETC could cross the $40 mark, reaching $43.40 in 2024, driven by the speculation of an upcoming bull run and the anticipated impact of the Spiral Network Upgrade.
However, it’s essential to note that market sentiments are subject to change, and more cautious forecasts warn that ETC’s price might stay below $29.87 in case of a bearish turn in the broader market.
$RBLZ Set for Substantial Gains Amid Bitcoin ETF Approval
Amid the evolving cryptocurrency market landscape, sparked by recent news of Bitcoin ETF approval, there’s intensified interest in understanding the future price trajectories of various top altcoins. With its token $RBLZ, Rebel Satoshi is particularly drawing attention as the best ICO, while it’s set for substantial gains in this changing environment.
Rebel Satoshi has carved out a distinct identity in the crypto world, standing out not just for its financial prospects but for its mission-driven approach. Rebel Satoshi, inspired by the revolutionary ethos of Satoshi Nakamoto and Guy Fawkes, aims to challenge traditional financial systems and promote decentralization.
The presale phase of $RBLZ has demonstrated remarkable success, indicating strong investor confidence. It began with an Early Bird Round with $RBLZ priced at $0.010, which sold out swiftly within three weeks.
This momentum continued through subsequent rounds, with each phase attracting more interest and culminating in $RBLZ’s price reaching $0.0224 in Monarchs Round 4, a 124% increase from its initial value. Moreover, Rebel Satoshi’s ability to raise over $1 million in this phase highlights its potential in the cryptocurrency market.
Rebel Satoshi now aims for the DEX launch in February at $0.025 per $RBLZ, delivering a stunning 150% profit for early investors. Interested investors can now join the uprising by purchasing $RBLZ tokens using 50 top crypto coins, including Bitcoin!