Notable events to anticipate this year include the approval of spot Ethereum ETFs and the Bitcoin halving, although the former is up to the US SEC’s discretion. Nevertheless, the crypto community remains optimistic about the regulator’s green light for the investment vehicle, just like it did with spot BTC ETFs.
Standard Chartered, a prominent global bank, recently commented on the potential approval of spot Ethereum ETFs. On March 18, in an investment note circulated via email, the bank speculated that spot ETH ETFs could be approved on May 23, potentially driving inflows exceeding $45 billion in the first year of trading. On Ethereum’s price outlook for 2024—if this investment vehicle is approved—Standard Chartered predicts ETH’s rise to $8,000 by year’s end.
Looking further, Coq Inu (COQ), a new and leading meme coin, appears to be gathering momentum for its next run. Meanwhile, InQubeta (QUBE), an emerging crypto, excites the AI community thanks to its real-world applications.
InQubeta (QUBE): Reshaping the AI Industry
InQubeta (QUBE) is a new and emerging AI altcoin. Its presale is ongoing, which provides a window of opportunity to become an early adopter and position for face-melting gains. The ICO is currently in stage 9, with a token priced at just $0.028. Meanwhile, analysts predict a 65x surge after its launch, making it a recommended presale.
With a frenzy around the presale and investors frantic to become early holders, the presale has exploded past $12 million in early funding. This suggests investor confidence in its potential. As an AI altcoin, it aims to introduce innovative solutions into the AI sector, hoping to make the market accessible to investors and reshape the fundraising landscape.
To this end, its custom-built NFT marketplace will provide democratized access to the lucrative AI market, allowing investors to partially invest in and own stakes in trailblazing AI ventures. In addition, through its crypto-based crowdfunding platform—the first of its kind—AI tech startups can raise capital through the QUBE token.
Ethereum (ETH): Anticipated $45 Billion in Inflows Upon Spot ETH ETF Approval
Ethereum (ETH) is the leading altcoin and the second-largest digital asset, trailing only Bitcoin. It plays a key role in the crypto space, functioning as a smart contract and blockchain platform, as well as hosting other cryptocurrencies. Thanks to its solid fundamentals, it is one of the best cryptos to invest in.
Given its leading status in the crypto space—and considering the approval of spot Bitcoin ETFs—optimism is high about the SEC approving spot Ethereum ETFs. Earlier this week, Standard Chartered commented on the potential approval of this investment product.
According to the financial institution, spot Ethereum ETFs could be approved as early as May 23, potentially driving inflows exceeding $45 billion within the first year of trading. Further, this could propel ETH’s price to $8,000 by year’s end, Standard Chartered added. This positions it as one of the best coins to invest in—a bullish wave not to miss out on.
Coq Inu (COQ): Gathering Steam
The meme frenzy doesn’t seem to be going away anytime soon. With Solana leading the craze, Avalanche (AVAX) is fast gaining popularity, with Coq Inu (COQ) leading the charge. It is the first meme coin on AVAX, founded by the community, with the contract fully renounced and liquidity burned.
Coq Inu gained traction following the massive investor interest in memecoins, pushing it atop the list of the best meme coins. Charting a bullish course, it was at the forefront of the latest meme frenzy, sparking excitement within its fast-rising community.
After a decline in traction, Coq Inu has been gathering momentum, preparing for its next jump. As it races towards a new all-time high (ATH), it is a token to bet on for massive gains, making it one of the best cryptos to buy now.
Conclusion
According to Standard Chartered, if Ethereum ETFs are approved, they may attract $45 billion in inflows in the first year of trading. Meanwhile, in the crypto market, Coq Inu has been gathering momentum, while InQubeta has captured the attention of AI enthusiasts. As it prepares for its explosive debut, you can participate in the QUBE presale through the link below.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.