Here’s Why The Bitcoin, Ethereum, And Dogecoin Prices Rose Rapidly Last Week

Here’s Why The Bitcoin, Ethereum, And Dogecoin Prices Rose Rapidly Last Week
фото показано с : bravenewcoin.com

2024-10-7 22:00

The launch of Spot ETFs (exchange-traded funds) contributed to the September rally of Bitcoin (BTC) and Ethereum (ETH) due to increased ETF inflows. Additionally, Dogecoin (DOGE) benefited from market optimism, which drove speculative interest. ETFSwap (ETFS), on the other hand, is prepared to facilitate the swapping of these leading crypto tokens through ETF trading.

ETFSwap (ETFS) Will Facilitate ETF Trading

The trading of Spot ETFs (exchange-traded funds), both cryptocurrency-focused ETFs and institutional ETFs, has redefined the world of decentralised finance (DeFi) and traditional finance. ETFSwap (ETFS) is a pioneer of ETF trading by tokenizing real-world assets, including gold, oil, and corn, into digital tokens. Hence, these tokenized ETFs can be traded or swapped with crypto ETFs.

Additionally, ETFSwap (ETFS) has been garnering the interest of institutional investors, providing them with an alternative to participate in decentralised trading without the need for intermediaries. As such, institutional investors, as well as Bitcoin (BTC) and Ethereum investors, can contribute to ETFSwap’s (ETFS) liquidity pool and earn ETFS tokens as a means of generating passive income. Their contribution helps in creating efficient and smooth trading transactions without slippages.

ETFSwap (ETFS) allows traders to extend their position size by 50x, which amplifies their profit potential by 50 times. This enables users to control a larger position with a smaller capital, thereby increasing the returns on investment when the market moves in their favour.

Furthermore, the platform’s backend development has been completed in preparation for the phase 1 beta. During the beta phase, users can test the software’s functionality in real-world scenarios and discover the exciting features of ETFSwap (ETFS).

ETFSwap (ETFS) takes security to be an essential part of its platform. The platform underwent thorough security audits to prevent security vulnerabilities by Cyberscope, a cybersecurity auditing firm. Additionally, to maintain compliance and regulatory standards, the platform’s team completed KYC verification by SolidProof, a smart contract security auditing firm.

Spot ETF Inflows Spark Rapid Rise In Bitcoin And Other Top Altcoins

Despite the unpredictable volatility seen in recent months, Bitcoin (BTC) closed its most bullish September in over a decade, which is rare for the asset class. CoinGecko reports the price of Bitcoin (BTC) to be at $64,000 after retesting a demand zone.

CryptoQuant, a renowned on-chain data analytics platform, highlights via X (formerly Twitter) the growing net inflows into Bitcoin ETFs as a key factor. Over $1 billion in Bitcoins (BTC) was invested in one week, indicating interest from institutional and retail investors.

CryptoQuant noted that short-term holders of Bitcoin (BTC) are now in a profitable position and may be tempted to sell, but the $63,000 level will act as a support level for Bitcoin (BTC). Ethereum (ETH) is also receiving significant interest from investors.

According to Coinmarketcap, Ethereum (ETH) has a current price of $2,642. While Ethereum’s (ETH) price surge is minimal as compared to Bitcoin (BTC), anticipation has been surrounding Ethereum’s (ETH) network upgrades. Also, the growing DeFi adoption in Ethereum (ETH) has driven its price upwards.

Dogecoin (DOGE), widely considered the king of meme coins, has shown similar bullish reversals in price levels with Bitcoin (BTC) and Ethereum (ETH). This is because Dogecoin (DOGE) tends to move in tandem with both cryptocurrencies, thereby increasing the price of Dogecoin (DOGE) when the broader crypto market rises in value.

Meanwhile, fed rate cuts in the financial markets have benefitted risk assets, including Dogecoin (DOGE). According to CoinGecko, the price of Dogecoin (DOGE) is $0.11853, up from a price of $0.08117 in August.

Conclusion

Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) are the leading cryptocurrencies in the bullish market. However, ETFSwap (ETFS) is the cryptocurrency with the potential for more gains. After the presale ends, the price of ETFSwap (ETFS) could increase by 10,000%. ETFSwap (ETFS) currently has a price of $0.03846. Users can enjoy a 50% discount when they use the “ETFS 50” promo code.

For more information about the ETFS Presale:

Visit ETFSwap Presale
Join The ETFSwap Community

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Dogecoin (DOGE) на Currencies.ru

$ 0.1952 (+0.51%)
Объем 24H $3.639b
Изменеия 24h: 1.04 %, 7d: 22.21 %
Cегодня L: $0.1913 - H: $0.1985
Капитализация $28.634b Rank 8
Цена в час новости $ 0.1139 (71.38%)

dogecoin prices ethereum bitcoin doge drawing eth

Источник: bravenewcoin.com

dogecoin prices → Результатов: 126


Dogecoin Rival NuggetRush Price up 20% as Presale Round 1 Sells Out

Round one of the NuggetRush (NUGX) presale is over. At the start of the second stage, prices are up 20%, as the NUGX ERC-20 coin is now available for 0.012 USDT, increasing from 0.010 USDT.  Meanwhile, despite the hype around Dogecoin (DOGE), the first meme coin has been underperforming, struggling to replicate gains posted in … Continued The post Dogecoin Rival NuggetRush Price up 20% as Presale Round 1 Sells Out appeared first on BeInCrypto.

2023-11-11 15:45


Can the Meme Coin Dominance of Dogecoin and Shiba Inu be Broken?

Meme coins like Dogecoin and Shiba Inu have pranced onto the crypto scene with a playful wink, riding the waves of social media buzz to become overnight sensations. It’s a whimsical side of the crypto world, where tweets (or posts as they are now called, since the rebrand to X) can send prices soaring or […] The post Can the Meme Coin Dominance of Dogecoin and Shiba Inu be Broken? appeared first on CaptainAltcoin.

2023-10-24 19:00


Dogecoin Transaction Count Rises 60X, But Why Are Prices Down?

Dogecoin’s on-chain transaction count is up more than 60X from roughly 20,000 transactions as of May 1 to over 1. 20 million on May 20, BitInfoCharts data shows. 60X Spike In Transaction Count The present spike represents a 60X expansion in the Dogecoin transaction count, a noteworthy development primarily due to the launch of Ordinals on the proof-of-work blockchain.

2023-5-23 19:20


Crypto market faces potential $1 billion impact as Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon, and Solana experience significant price surge.

The first quarter of 2023 saw a significant surge in the prices of major cryptocurrencies such as Bitcoin and Ethereum, putting the crypto market in a pivotal moment. Bitcoin, in particular, almost doubled in value from its late 2022 lows due to the belief that the Federal Reserve could adopt a dovish stance.

2023-4-9 22:37


Shiba Inu (SHIB) and Dogecoin (DOGE) Price Hang On Despite Elon Musk Resignation

the DOGE and SHIB prices are both showing bearish signs, indicating that the continuation of the downward movement is likely. Breaking out from their respective resistance lines would mean that a bullish reversal has begun instead The post Shiba Inu (SHIB) and Dogecoin (DOGE) Price Hang On Despite Elon Musk Resignation appeared first on BeInCrypto.

2022-12-22 18:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

AVAX surges 24% in 48 hours - But THIS can stop the bull run

AVAX was testing a crucial support level, with on-chain metrics showing positive signs. The altcoin liquidity level has a potential short-term retracement, but the overall market remains bullisThe post AVAX surges 24% in 48 hours - But THIS can stop the bull run appeared first on AMBCrypto.

MKR eyes 2.2K mark, but what's limiting its momentum?

MKR was showing strong upward momentum after breaking out of a bullish pattern, though it was facing a minor resistance level. Market metrics suggested high trader interest, with increased buyiThe post MKR eyes 2.

Raydium delivers better gains than Bitcoin as RAY soars to 2024 high

RAY hits 2-year high as its price goes parabolic since September. Assessing the link between RAY’s price action and Raydium’s performance on key metrics. RAY, the native token on the RayThe post Raydium delivers better gains than Bitcoin as RAY soars to 2024 high appeared first on AMBCrypto.

Uniswap hits 4-month high but profit-taking stalls rally - What now?

Uniswap whale activity surged as large transaction volumes increased from 3.05M to 21.39M. UNI’s rally to a 4-month high stalled after more than 9M UNI were deposited to exchanges, increasingThe post Uniswap hits 4-month high but profit-taking stalls rally - What now? appeared first on AMBCrypto.

COW’s price surges 220% after Binance listing – What’s next?

COW’s price rallied by triple digits after Binance listing. Token’s overvaluation can likely trigger sell-offs. CoW Protocol [COW] has captured significant attention following its recentThe post COW’s price surges 220% after Binance listing – What’s next? appeared first on AMBCrypto.