Transfers on Ethereum suggest that the price will drop to 3,000 dollars, while 3 coins with 10x potential as alternatives to ETH attract attention.
Leading altcoin Ethereum is experiencing quite complicated days. Following the latest price update, it was observed that a high amount of ETH was sold by many investors, while according to the on-chain data platform Spotonchain, 32,500 ETH was deposited into exchanges within 24 hours.
The price movement of ETH after the update also brought along speculation about the performance of the altcoin. The bearish market sentiment caused ETH to experience a significant loss in value after the 4,000 dollar level in recent times.
The deposit of 109 million dollars worth of ETH into the exchanges in a 24-hour period led to predictions that Ethereum will drop to 3,000 dollars. This cautious approach indicated that there is an expectation of a more significant downward price correction before whales consider buying back.
According to CoinMarketCap data, the price of Ethereum dropped by around 7% in the last week. The leading altcoin, which is currently trading at 3,396 dollars at the time of this writing, is a subject of curiosity whether it will drop to 3,000 dollars.
On the other hand, the optimism regarding the approval of spot ETF applications has been decreasing in recent weeks. Given that the U.S. Securities and Exchange Commission (SEC) has rejected spot Bitcoin ETF applications numerous times before approving them, the fate of ETH ETF applications remains uncertain.
The latest analyses indicate that the SEC plans to reject all spot Ethereum ETF applications expiring in May 2024. The impact on the ETH price in case the applications are rejected is also waiting to be seen with excitement.
While Ethereum continues to experience chaotic times, investors are turning to alternative ETH projects. Crypto enthusiasts who want to make short-term gains are interested in Dogecoin20, which is positioned as a Dogecoin upgrade, the dragon-themed meme coin Smog, and Bitcoin Minetrix, a BTC mining solution.
Dogecoin20 Token Surpasses 8 Million Dollars
One of the most popular presale events in recent days, the new meme coin project DOGE20, which meets with investors who want to buy Dogecoin20 tokens at discounted prices, is breaking records.
The presale has already surpassed 8 million dollars in funds, and DOGE20 is progressing faster than expected. Identified as an upgrade of the popular meme coin Dogecoin, DOGE20 is offered to early-stage investors before being listed on exchanges.
Currently, DOGE20 token is finding buyers at 0.000208 dollars and is attracting attention not only with its eco-friendly meme coin characteristics but also with its staking features. With over 22 billion tokens staked so far, the project is among those with a potential of 10x returns.
Investors can make investments in DOGE20 token using ETH, USDT, BNB, and card transactions.
The Biggest Solana Airdrop Event is Coming with SMOG
The dragon-themed meme coin SMOG token, built on the Solana network, is planning to hold the biggest airdrop event ever. Listed on Jupiter DEX on February 7, SMOG, which has rapidly increased within a few hours, draws attention not only with its exchange performance but also with the airdrop event.
According to CoinMarketCap data, investors who want to buy the SMOG token, which increased by around 212% in the last month, are paying 0.1769 dollars at the time of this writing. SMOG token offers investors the opportunity to earn passive income with its staking feature. Through staking, SMOG token holders have the chance to participate in the largest Solana airdrop event.
Participating in the airdrop event, conducted in partnership with Zealy, requires investors to complete a series of interactive social media and internet tasks. Each completed task increases the chance of participants to win the airdrop.
The project team offers a discount to those who want to buy SMOG token. Investors purchasing from the project page make a 10% lower payment. Those who want to buy SMOG can participate in the project through ETH, USDT, or card transactions.
Bitcoin Minetrix Exceeds 12 Million Dollars
The funds raised in the Bitcoin Minetrix project, which offers the opportunity to mine BTC without requiring any technical knowledge, hardware, software, or energy solution, have exceeded 12 million dollars. Investors who want to buy Bitcoin Minetrix tokens at discounted prices in the ongoing presale show intense interest in the event.
The project has attracted more attention following Bitcoin’s return to ATH. Crypto enthusiasts who do not have enough budget to buy Bitcoin are turning to BTCMTX tokens, which offer a mining solution.
The Bitcoin Minetrix platform uses the mechanisms of Staking and Mining. The purchased BTCMTX tokens are staked in return for cloud mining credits. These credits are burned during the mining period, and the resulting BTC is transferred to the participant’s wallet.
Offering the opportunity to earn passive income with its staking feature, the effortless and cost-free BTC mining solution Bitcoin Minetrix awaits Bitcoin enthusiasts. At this stage, investors can buy 1 BTCMTX token for 0.0142 dollars.
Crypto enthusiasts who want to become early-stage investors and make potential gains before listing on exchanges can invest in Bitcoin Minetrix tokens through ETH, USDT, BNB, MATIC, or card transactions.
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Koin Bülteni is not responsible for any damages or losses related to any product or service mentioned above. Koine Bülteni recommends readers to conduct their own research regarding the company mentioned and the products or services it offers in this sponsored article.
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