Altcoins: Bitcoin ETF launch expectation

Anticipation about Bitcoin ETF

Apart from the approaching bitcoin halving, another deduced reason for the upsurge in bitcoin price is the hope that the US Securities and Exchange Commission (SEC) would approve the Bitcoin ETF proposals this January. The fear of missing out moves more people to demand for the cryptocurrency with the largest crypto market cap.

With seasoned analysts estimating up to 90% probability that the ETFs will be approved, expectations about the outcome are shared around the crypto ecosystem.

While many people who HODL Bitcoin for a long time may not see the possible approval as a big event, it might be the huge change the space needs for mainstream adoption.

The information from the circulating crypto news tells that the approval will mean more people can invest in the digital asset without keeping it directly. This means that the valid fear of cryptocurrency volatility would be reduced, and more investors would get off the fence as they wouldn’t have to manage the investment themselves.

Also, if the US SEC approves this, it would appear to legitimize cryptocurrency, and many would-be investors unsure about the law’s stand on cryptocurrencies would have one less worry. If these investors see it as legal, there is a possibility of a flood of capital from wealthy individuals and financial institutions investing in crypto.

As regards the price, several speculations expect an initial dip if the approval happens, showing initial disappointment after the hype. This dip is, however, expected to serve as a temporary step back before a price launch.

The approval will also bring more structured regulations for the space, especially for the ETFs approved. While this may help put the minds of new investors at ease, the effect of this on the decentralized exchanges (DEXs).

$ROE Price to Rise Over 200%

$ROE is the token of the Borroe Finance Project. The project aims to create an enabling ecosystem for easy funding of Web3 businesses. By presenting the Web3 creators with a better-fitted fundraising option other than the traditional options, Borroe Finance helps the Web3 space grow and thrive.

In the Borroe Finance ecosystem, investors and Web3 creators meet. Here, the creators can mint NFTs as representations of future earnings. These NFTs will be sold at a discount on the marketplace, giving the creators access to the needed upfront cash flow.

The project use-case, the successful audit of its smart contract by BlockAudit, and the pedigree of team players, which include Michael Price and Maxim Prishchepo, have made $ROE highly valuable to investors. This is evident in the steady completion of each stage in its ongoing presale.

Having completed 98.4% of its third stage, $ROE is preparing for a price upsurge from $0.0175 to $0.019. But a bigger upsurge is imminent when it completes the presale at the eighth stage and goes for $0.040.

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Filecoin and an Expected Upsurge

Filecoin is a dynamic, decentralized, and distributed storage network which allows users to store and retrieve data reliably and securely. By allowing anyone to participate as a storage provider, Filecoin can achieve huge scalability. Serving as a peer-to-peer network for storage, it provides its participants with built-in incentives.

The Filecoin protocol provides a service with real-world uses. Still, it has left holders of its token, FIL, afraid after falling by a significant percentage of over 23% in a week after an initial price jump. However, its 14-day, 30-day, and 1-year price charts reveal that it has risen by 2%, 10.8%, and 70.1%, respectively.

Holders of FIL are ready for another price upsurge, as its price as of this writing was $5.30. Unlike FIL, $ROE has been hitting new upward percentages and is about to hit another.

Learn more about Borroe Finance ($ROE) here:

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Source: https://en.cryptonomist.ch/2024/01/10/altcoins-bitcoin-etf-launch-expectation/