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9 Best Crypto Projects to Invest in 2024
Last updated:
May 3, 2024 03:10 EDT
| 18 min read
The sheer volume of activity in the cryptocurrency industry can make it quite challenging to find the best crypto projects to invest in.
In this article, we take a look at a dozen of the most promising cryptocurrency projects, and find out how you can get involved in the presale of one of this year’s most hyped tokens.
- First truly multi-chain Doge token, promising interoperability across major blockchains
- Easy to buy and claim $DOGEVERSE tokens during presale phase
- Could be the next Doge-inspired coin to explode ahead of Doge Day
Project Launched
April 2024
Purchase Methods
-
ETH
-
usdt
- Brand new South Park-inspired seal-themed SOL meme coin
- Ideal coin to buy in presale ahead of the expected summer meme coin frenzy
- Thought to be by the team that was also behind the viral SLERF coin
Project Launched
May 2024
Purchase Methods
-
Solana
- Infinitely upgradeable AI meme coin, with modular technological capabilities.
- Huge staking rewards available everyday during presale.
- Presale price rises every two days – buy now to benefit from best price before listing.
Project Launched
April 2024
Purchase Methods
-
ETH
-
usdt
- First of its kind daily rewards based on the performance of Mega Dice Casino
- $DICE holders can enjoy 25% rev-share through the Mega Dice Referral Program
- $2,250,000+ USD airdrop for casino players
Project Launched
April 2024
- Learn-to-Earn platform that rewards users for learning about crypto
- Stake $99BTC tokens in secure smart contract to earn passive rewards
- Get the edge in fast-moving markets with expert crypto trading signals
Project Launched
April 2024
Purchase Methods
-
ETH
-
usdt
-
Bank Card
- +1 more
- Innovatives VR & AR Gaming Project
- Aiming to Raise $15M Across 12 Rounds
- Token Holders Get Lifetime Access to VR Content
Project Launched
January 2024
- Trending meme coin with P2E utility & staking rewards
- Price up 10x in past month, rumors of Binance listing
- 12k+ holders and growing
Project Launched
December 2023
- Buy and hold $SMOG to generate and earn airdrop points
- 35% of supply reserved for future airdrop rewards
- Viral potential after pumping over 1000%
Project Launched
February 2024
Purchase Methods
-
usdt
-
Solana
- Native BSC token
- Audited by Coinsult
- Long-term rewards for holders
- Looking to disrupt the DOGE-dominated meme space, $KAI is a AI-based meme coin with 10x potential
- As a PoS ERC20 token investors can buy and stake $KAI for massive rewards
- Fully audited by Coinsult, the presale has raised over $170k already
Project Launched
May 2024
Purchase Methods
-
bnb
-
ETH
-
usdt
- +1 more
- Access to huge fee revenue through staking
- 50% of 10bn token supply available at presale stage
- 85% of fees go back to the community
Project Launched
March 2024
- New meme coin offering an immersive experience via high-stakes battles
- Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 25,000% p/a
- Token holders can cast votes on key project decisions and try their luck in the ‘Lucky Lasso Lotteries’
Project Launched
April 2024
- First crypto-based lending platform, allowing loans up to 75% of the total Memereum assets.
- Comprehensive insurance coverage for digital coins and precious metals, including gold and silver.
- High-value holders get state-of-the-art NFTs, valued over $1,500 in the open market.
Project Launched
March 2024
- Innovative AI crypto casino offering staking, airdrops and custom games
- $HPLT presale has raised over $400k so far with +60M bets placed by +150k users
- Offers daily staking rewards, hype NFTs and is fully audited by Certik
Project Launched
March 2022
The Best Crypto Projects for 2024
A sneak peek at some of the most interesting crypto projects to buy in 2024 can be found below.
- Dogeverse – Multi-chain meme crypto project, raised more than $9 million on presale.
- Sealana – SOL-based meme coin, based on a popular South Park character. $150K raised.
- Mega Dice Token – CasinoFi crypto offers tradable NFTs, daily bonuses, and high staking yields.
- Sponge V2 – Future crypto project combining the charm of memes with utility.
- Smog – Buy and hold $SMOG to generate and earn airdrop points.
- BNB – The native token of Binance, one of the biggest cryptocurrency exchanges.
- Bitcoin – First and largest cryptocurrency in the space.
- Cosmos – Scalability solutions that allows blockchains to transfer value with one another.
- Ethereum – Largest altcoin in the cryptocurrency space with smart contracts.
A Closer Look at the Best Crypto Projects to Invest in
The cryptocurrency industry is booming with many investors looking for the top crypto to invest in ahead of the next altcoin season. Right now, around 4.2% of the world’s population holds cryptocurrency. But with rapid retail and institutional adoption, crypto has impressive long-term prospects.
In just over a decade it has produced dozens of game-changing innovations, many of which are beginning to work their way into our everyday lives — like digital payments and blockchain gaming.
Spotting the most innovative crypto to buy requires a great deal of research and analysis, but it can be an incredibly rewarding process. With that in mind, we’ve scoured the fertile land of crypto to find the next big cryptos to invest in today.
Whether you’re looking for undervalued gems, the best upcoming ICOs, first-movers, cryptocurrency pioneers, or early-stage behemoths, this list has something for everyone.
1. Dogeverse – Overall Best Future Crypto, Offers Multi-Chain Compatibility
Dogeverse ($DOGEVERSE) is the best future cryptocurrency to watch in 2024. It is the first-ever Doge-themed meme coin that offers multi-chain compatibility.
The central avatar of Dogeverse is Cosmo, the chain-hopping Doge. Cosmo symbolizes independence and transparency within the blockchain space. This is exactly what the meme project aims to achieve.
Using Portal Bridge and Wormhole technology, Dogeverse allows token holders to connect with six different blockchains. The project is originally built on Ethereum, but will also bridge to Binance, Base, Polygon, Avalanche, and the Solana blockchain. Thus, you can access blockchains offering the highest throughput, lowest gas fees, and fastest transaction times.
Dogeverse token holders can also stake their holdings on a smart contract to generate high annual yields. At the time of writing, one can stake and earn 113% annual yields with Dogeverse. From a total supply of 200 billion tokens, 30 billion are being offered through the current presale round. At press time, $DOGEVERSE is priced at only $0.0003 per token.
In only a few weeks since the Dogeverse presale launched, over $9 million has been raised. The aim is to raise a hard cap of $17 million by the end of the presale. Another 5% of the token supply will be set aside for future exchange listings.
Since meme coins like Pepe and Bonk have offered stellar returns post their exchange releases, interested investors may prefer purchasing $DOGEVERSE tokens before the presale sells out. Stay tuned for further project updates by going through the Dogeverse whitepaper and joining the Telegram channel.
Presale Started | April 2024 |
Purchase Methods | ETH, USDT, Card |
Chain | Ethereum, Binance, Polygon, Solana, Avalanche, Base |
Min Investment | None |
Max Investment | None |
2. Sealana – SOL-Based Meme Coin Has Recently Launched on Presale
Investors looking to diversify their portfolio may be attracted to new Solana-based projects, such as Sealana ($SEAL). With the growing popularity of SOL-based meme coins, Sealana is emerging as a new favorite.
This project follows the story of a lazy American seal, which decides to start trading cryptos to move out of his mom’s basement. The central character is loosely inspired from the ‘World of Warcraft Guy’, a popular South Park charater.
Sealana wants to attract a community of investors seeking laughter and a light-hearted investment opportunity. Currently, $SEAL is still in its early presale stages and has raised almost $150K in a few days.
By getting in early on the project, investors may witness potential price jumps post the initial exchange offering. Currently, Solana meme coins are at an all-time high in terms of popularity. New tokens like Smog, Slothana, and Popcat have been offering huge returns.
To join the Sealana presale, send SOL to this wallet address – DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c.
Learn more about this new meme project by joining the Sealana Telegram channel and following Sealana on X (Formerly Twitter).
Presale Started | May 2024 |
Purchase Methods | SOL |
Chain | Solana |
Min Investment | None |
Max Investment | None |
3. Mega Dice Token – Crypto Casino Token Offers Tradable NFTs and Daily Bonuses
The next top cryptocurrency to hold for the future is $DICE, the native token of Mega Dice Token. This CasinoFi cryptocurrency powers the Mega Dice Casino, which offers over 4,500 casino games to 50,000+ users.
With the implementation of $DICE, Mega Dice offers passive income-earning opportunities, tradable NFTs, and in-game bonuses. Mega Dice Token can become a future cryptocurrency due to the long-term staking rewards it provides.
$DICE can be staked for either ten days, three months, or six months, on the staking mechanism, to generate high annual yields. Staking the token also leads to daily in-game bonuses on the Mega Dice Casino.
Token stakers also receive early access to new games and exclusive access to promotional events. Certain token holders will also be rewarded with limited-edition NFTs, which can be traded or used to extract in-game benefits.
$DICE has a total supply of 420 million, of which 147 million are being distributed through the presale. Early investors of the presale will win additional tokens as part of an Early Bird bonus. So far, over $420K has been raised since the presale started.
$DICE is priced at $0.069 per token during the current presale round. As the casino’s adoption slowly increases, $DICE could be one of the top future cryptos to hold. Read the Mega Dice Token whitepaper and join the Telegram channel for more information.
Presale Started | April 2024 |
Purchase Methods | SOL, ETH, BNB |
Chain | Solana |
Min Investment | None |
Max Investment | None |
4. Sponge V2 – Combining The Charm Of Memes With Utility, Offers A Minimum APY of 40%
Sponge V2 is currently one of the most exciting crypto projects, particularly for those fascinated by meme coins with utility and their upside potential.
Building on the success of its predecessor, Sponge V1, which experienced a massive 100x growth and reached a nearly $100 million market cap, Sponge V2 aims to offer an upgraded version with even more utility.
A key feature of Sponge V2 is its innovative Stake-to-Bridge model. This mechanism allows for a seamless transition from Sponge V1 to V2, wherein V1 token holders can stake their tokens to receive an equivalent number of V2 tokens.
The presale phase is uniquely structured: Buying SPONGEV1 tokens via the Sponge website automatically enrolls buyers into V1 staking, and they are correspondingly allotted SPONGEV2 tokens.
For existing SPONGEV1 holders, staking in the V1 module initiates the swap to V2 tokens, along with the potential to earn staking rewards for four years.
This approach ensures loyalty and promises attractive APYs, making it an exciting option for new and existing investors.
Also distinguishing from its previous version, Sponge V2 offers a P2E game named Sponge Racer. This game adds a layer of utility and interactivity to the token, allowing players to use Sponge V2 for gaming and earning additional tokens.
SPONGEV2 has a total supply of 150 billion tokens. A substantial 43.09% of this supply is set aside for staking rewards, with an additional 8% allocated for the P2E game rewards.
The project aims to capitalize on its strong community base of 30,000 members. It plans to extend its reach through strategic marketing initiatives, aiming for listings on major exchanges like Binance and OKX.
Users can enter the SPONGEV2 Telegram channel and follow it on X (Twitter) for the latest project updates.
Presale Started | Dec 2023 |
Purchase Methods | ETH, USDT, Card |
Chain | Ethereum |
Min Investment | None |
Max Investment | None |
5. Smog – Meme Crypto Project with Massive Airdrop Rewards
SMOG positions itself as “the most rewarding token on Solana,” claiming origins from the celestial forge of Jupiter. This newly-launched Solana-based coin boasts a fair launch mechanism and promises an extraordinary Solana airdrop event.
The coin’s fair launch emphasizes inclusivity, offering all participants an equal chance to join the SMOG community early. Its main draw lies in the promised “Greatest Airdrop in History,” with an ambitious marketing and allocation strategy—50% for marketing, 35% for the airdrop, 10% for upcoming exchange listings, and 5% for liquidity.
The project outlines an aggressive roadmap, including phases for airdrops and community growth, investors should remain cautious and evaluate the token based on its real-world utility rather than grandiose promises. Despite the uncertainties, early supporters may play a pivotal role in shaping SMOG’s journey and potentially witnessing the emergence of a significant meme coin within the Solana ecosystem.
Presale Started | February 2024 |
Purchase Methods | SOL, USDT, BONK |
Chain | Solana |
Min Investment | None |
Max Investment | None |
6. BNB – Token with Impressive Track Record and Use Case
Binance is well-known as a cryptocurrency exchange titan, with trading volume that dwarfs all other centralized exchanges.
With the recent advent of BNB Chain (formerly Binance Smart Chain), Binance has made its foray into the smart contract space in a big way. BNB Chain is now the third most popular blockchain by DeFi total value locked (TVL) and the second by market capitalization.
For those looking for the best crypto to invest in, BNB stands out as a promising candidate. Widely heralded as the king of token utility, BNB has a huge number of uses in the Binance and BNB Chain ecosystem — being used for paying gas costs on BNB chain, participating in Binance launchpad sales, unlocking trading fee discounts, and more.
BNB has also proved to be heavily resistant to bear markets. In 2019, a time when most cryptocurrencies were collapsing in value, BNB was shattering record highs. Likewise, while most cryptocurrencies have lost upwards of 80% since the 2021 bear market, BNB is down just 60% — demonstrating its relative strength. According to most BNB price predictions this promising crypto could reach highs of $2k by the end of 2030.
Part of this may be attributed to the large number of BNB burned through the buy back and burn campaign and the more recent pioneer burn program, reducing its supply. To date, more than 1.95 million BNB has been burned, worth more than $500 million.
7. Bitcoin – Original Cryptocurrency Fiat Alternative
The one that started it all. Bitcoin is a staple in the portfolio of most cryptocurrency investors due to its impressive price action and long-term prospects.
As a cryptocurrency designed to be a direct replacement for traditional fiat, Bitcoin has seen rampant adoption by individuals, businesses, and enterprises worldwide, and is now considered legal tender in El Salvador and the Central African Republic.
Despite having a market cap of more than $380 billion, Bitcoin actually has no major competitors. Other simple payment cryptocurrencies, including Litecoin and Monero, fall utterly short when it comes to global adoption and nothing has managed to even come close to Bitcoin’s success.
Indeed, Bitcoin is now held by numerous sizeable firms, including the likes of Tesla, Coinbase, Block, and MicroStrategy.
This gradual adoption has fueled one of the most impressive price rallies ever seen, with Bitcoin exploding from essentially $0 to a peak value of more than $69,000 since 2009. Many believe it is just a matter of time before it shatters this value to reach even greater heights.
And with Bitcoin’s utility and uptake set to dramatically increase over time thanks to the growth of the Lightning network, and the development of Bitcoin DeFi solutions like Portal, there is good reason to believe Bitcoin is the best crypto of the future.
8. Cosmos — Bet on the Cross-Chain Future with this Innovative Crypto Project
Interoperability has been a long-standing problem in the blockchain space.
Right now, most blockchains operate as closed-off ecosystems with essentially no way to communicate with other platforms. This limits their utility since it prevents developers from leveraging the unique properties of different blockchains within their dApps.
It also leads to a great deal of redundancy and friction for end-users — since popular dApps are forced to deploy on multiple different chains, and users are forced to get to grips with multiple different blockchains and wallets to access their favorite dApps.
Cosmos, however, wants to make this a thing of the past by powering an interchain landscape of products and services — all of which is connected by its proprietary cross-chain message passing and inter-blockchain communication protocols.
This will allow value (e.g. tokens) and data to be transferred across compatible blockchains seamlessly, while allowing Cosmos ecosystem chains to interact with existing external blockchains, like Bitcoin and Ethereum.
Cosmos is tackling one of the hardest challenges in the blockchain space. If it succeeds, the ATOM token could potentially be one of the most innovative cryptocurrencies to invest in, with a huge number of rails that deliver value to ATOM holders. This includes regular airdrops, staking fees, and on-chain governance.
Arguably the best cryptocurrency of the future, ATOM has demonstrated long-term growth and could be set to retake its previous all-time highest value of $44.70 in the coming years.
9. Ethereum — The Ever-Popular Smart Contract Platform
No list of promising long-term cryptocurrency investments would be complete without Ethereum — the juggernaut that introduced smart contracts to the world.
As a smart contract platform, Ethereum is used to host decentralized applications (dApps), which are powerful blockchain-based apps that can be accessed from anywhere, by anyone, at any time.
The platform is currently the dominant smart contract platform, with over 3,000 dApps now running on the blockchain, and more than $34.1 billion controlled by Ethereum DeFi services.
Despite growing competition among other smart contract platforms, including the likes of Solana, BNB Chain, Avalanche, and more, Ethereum is set to complete one of its biggest ever upgrades in mid-September.
The upgrade, known as ‘The Merge’ will see Ethereum move from its energy-intensive Proof-of-Work consensus system to the much more environmentally friendly Proof-of-Stake. It will also set the stage for a range of further upgrades that could help Ethereum secure its position as one of the most technically advanced blockchains in operation. This could make ETH the most energy-efficient crypto of the year.
As the native gas token of the Ethereum platform, the ETH token is set to become the main beneficiary of this growth. This is why ETH has managed to perform better than most in the bear market and stands to experience potentially meteoric growth in the months and years ahead.
How to Find the Best Crypto Projects
Looking to get rich off cryptos? Cryptocurrencies are, without a doubt, the most profitable asset class of the 21st Century. Indeed, the returns provided by the hottest cryptocurrencies like Bitcoin, Litecoin, and Ethereum have eclipsed those provided by traditional asset classes over the same time period.
But not all cryptocurrencies are built equal. Indeed, only a small minority of cryptocurrencies achieve the parabolic growth typically associated with the asset class. Most, unfortunately, fail to gather significant momentum. Even those using the best crypto signals cannot accurately pinpoint which cryptos will explode in the near future.
Because of this, it’s important to take the time to separate the best crypto coins from the likely failures, rather than deploying funds indiscriminately. Contrary to popular belief, not all cryptocurrencies will grow in value, and many of today’s most popular assets will never return to their former glory.
Determining the most interesting crypto to invest in can be a challenge, but it’s very possible with the right strategy. Some of the things you’ll want to consider include:
Understand supply changes
Cryptocurrencies tend to be inflationary. Put simply, this means the number of coins or tokens in circulation usually increases over time — typically due to staking rewards, early investor vesting, and treasury unlocks.
For tokens without significant buy-side demand, this can lead to significant and sustained sell pressure, collapsing the value.
Tokens with a large fraction of their maximum supply in circulation tend to be least affected by this phenomenon but also tend to have less upside potential. Meanwhile, newer tokens tend to suffer more from this challenge, but also have more potential upside.
Changing trends
Every bull market has its themes and trends. Spotting these early is one of the best ways to secure substantial profits.
In many cases, the best crypto to buy is a first mover in a new trend, whether that be meme coins – or shitcoins as they can be known – the metaverse, blockchain gaming, NFTs, interoperability protocols, or something entirely new.
History has shown that the first mover advantage is present even in the crypto sector.
Token utility
Token utility refers to the actual value a cryptocurrency can offer during the ecosystem. Utility can be generated by a number of means, including staking rewards, in-platform purchases, discounts on fees, and more.
The vast majority of cryptocurrency tokens lack significant utility or the correct product/market fit. As a result, their long-term prospects are weak.
But for projects with well-crafted token utility, buyer-side demand can help sustain the token’s value during a bear market, and send it skyrocketing in a bull one.
As such, it’s always wise to scrutinize a token’s real utility before speculating on it.
Team and backing
Many of today’s most successful projects are created by repeat entrepreneurs who have a history of success.
Likewise, the partners, collaborations, and integrations a project has can play a pivotal role in its success or demise.
Because of this, it’s wise to check who is behind the project, to see if they’ve got what it takes to produce the results you’re looking for.
How to Buy Future Crypto – $DOGEVERSE
Here’s a step-by-step guide on how to buy $DOGEVERSE tokens through the $DOGEVERSE Token presale.
Step 1: Connect Your Wallet
Locate the presale widget at the top of the Dogeverse webpage and connect your preferred wallet. Multiple wallet options are available for your convenience.
Step 2: Choose Your Network
After connecting, select your network that you want to use to participate in the Dogeverse presale. Options include Ethereum, BNB Chain, or Polygon.
Step 3: Purchase Tokens
Specify the amount of ETH, BNB, MATIC, or USDT you want to exchange for $DOGEVERSE and confirm the transaction within your wallet.
Step 4: Claim Your Tokens
Following the presale’s conclusion, use the same wallet and network used for the purchase to claim your $DOGEVERSE tokens.
Step 5: Bridge or Trade
$DOGEVERSE tokens will be accessible for trading across major chains and decentralized exchanges (DEXs). Use the Dogeverse Bridge to seamlessly switch tokens between different chains.
Conclusion
The cryptocurrency industry provides endless opportunities for speculation. But filtering the truly promising projects from the duds is easier said than done.
In this guide, we’ve discussed a range of projects that stand an excellent chance of achieving long-term growth and success — helping to deliver the parabolic returns that are characteristic of cryptocurrencies.
One of the best cryptos to watch right now is Dogeverse. This multi-chain meme coin aims to list on major exchanges, outperforming peers like Dogecoin and Bonk, while returning passive staking rewards to holders.
Crypto Projects FAQs
What is the best crypto project to invest in?
The cryptocurrency landscape is as deep as it is wide. There are quite literally tens of thousands of different cryptocurrencies now available — many of which are attractive investment opportunities.
Some of the most popular choices for the best crypto to buy include BTC, ETH, BNB, and ATOM, while we recommended Dogeverse which is getting huge interest from investors.
What are the most exciting crypto projects of 2024?
The best crypto project depends on your investing style, budget and interests. However, we recommend Dogeverse, Sealana and Mega Dice Token as crypto projects that are still in their early stages but have a lot of future potential.
Which crypto is best for the long term?
Not all cryptocurrencies have long-term growth potential. But the best crypto to invest in for future returns tends to be those that offer strong token utility, target a large audience, and have enough funding to develop a killer product. Crypto projects such as Dogeverse, Sealana, Mega Dice Token, and Sponge V2 have the potential to be listed on Coinbase in the future.
Where can I find interesting crypto projects to buy?
You can find interesting crypto projects to buy on cryptocurrency exchanges, research platforms or reliable crypto websites such as Cryptonews.com. Remember to always do your own independent research before investing money into any crypto project.
How do I find upcoming crypto projects?
The major crypto news sites will often post about the latest new coins or crypto projects. You can also stay updated through social media and community forums for project announcements and pre-sale opportunities.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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News
Ether Drops Further After ETF Launch
Key points
- Spot ether ETFs began trading in the U.S. today, with the funds initially having more than $10 billion in collective assets under management.
- Analysts expect the launch of spot ether ETFs to have a net negative impact on the underlying price of ether in the near term, due to expected outflows from the pre-existing Grayscale Ethereum Trust.
- Spot Bitcoin ETFs continue to see strong inflows, with BlackRock’s IBIT alone seeing more than $500 million in inflows on Monday.
- Franklin Templeton, a spot ETF issuer on bitcoin and ether, has invested in a project that intends to bring Ethereum technology to Bitcoin.
Nine-point ether exchange-traded funds (ETFs)) started trading on the stock market on Tuesday, but all the optimism ahead of their approval did not translate into gains for the cryptocurrency markets.
Ether (ETH), the native cryptocurrency of the Ethereum blockchain, dropped less than 1% around the $3,400 level as of 1:30 PM ET, while Bitcoin (BTC) fell more than 2% to around $66,000.
Ether ETFs’ Debut Isn’t as Flashy as Bitcoin ETFs’
Spot ether ETFs began trading at just over $10 billion assets under management (AUM)), according to Bloomberg Intelligence analyst James Seyffart, most of that money is in the current Grayscale Ethereum Trust (ETHE) which has now been converted into an ETF.
“In the long term, Grayscale will simultaneously have the highest and lowest fees in the market. The asset manager’s decision to keep its ETHE fee at 2.5% could lead to outflows from the fund,” Kaiko Research said in a note on Monday.
Outflows from ETHE, if they occur, would be similar to those faced by Grayscale’s Bitcoin Trust (GBTC) after spot bitcoin ETFs began trading in January of this year, most likely due to high fees for the two original funds. Grayscale’s existing fund charges 2.5% fees, while a new “mini” ether ETF will charge 0.15% and commissions for other ETFs are set at 0.25% or less.
Such outflows could impact the price of ether and market sentiment.
“There could be a pullback shortly after the launch of Ethereum spot ETFs, i.e. outflows from Grayscale Ether Trust could dampen market sentiment in the short term,” Jupiter Zheng, a partner at Hashkey Capital’s liquid fund, told The Block.
But Grayscale remains optimistic.
“Compared to the splashy debut of spot bitcoin ETPs in January, the launch of ethereum ETPs has been relatively muted,” said Zach Pandl, Grayscale’s head of research, adding that investors may be “undervaluing” ether ETFs that are “coming to the U.S. market in tandem with a shift in U.S. cryptocurrency policy and the adoption of tokenization by major financial institutions.”
Bitcoin ETF Inflows Continue to Rise
As for bitcoin, there is clearly no lack of demand for spot ETFs, such as BlackRock’s iShares Bitcoin Trust (IBITS) recorded its sixth-largest day of inflows in its short history on Monday, at $526.7 million, according to data from Farside Investors. Daily inflows for the overall spot bitcoin ETF market also hit their highest level since June 5.
In particular, asset manager Franklin Templeton, which has issued both bitcoin and ether ETFs, appears to have decided to cover its back when it comes to Ethereum by investing in Bitlayer, a way to implement Ethereum technology on a second-layer Bitcoin network, according to CoinDesk.
News
Spot Ether ETFs Start Trading Today: Here’s What You Need to Know
Key points
- Spot ether ETFs will begin trading on U.S. exchanges on Tuesday. Nine ETFs will trade on Cboe BZX, Nasdaq and NYSE Arca.
- Ether ETFs offer investors exposure to the price of their underlying assets.
- Commissions on these new ETFs generally range from 0.15% to 0.25%.
- These ETFs do not provide exposure to Ethereum staking.
The U.S. Securities and Exchange Commission (SEC) has officially approved nine ether spots (ETH)exchange-traded funds (ETFs) for trading on U.S. exchanges. Trading for these new cryptocurrency investment vehicles begins today. Here’s everything you need to know.
What new ether ETFs are starting to trade today?
Spot ether ETFs starting trading today can be found at Quotation, NYSE Arkand Cboe BZX. Here’s a breakdown of each ETF you can find on these three exchanges, along with the fund tickers:
Cboe BZX will list the Invesco Galaxy Ethereum ETF (QETH), the 21Shares Core Ethereum ETF (CETH), the Fidelity Ethereum Fund (FETH), the Franklin Ethereum ETF (EZET) and the VanEck Ethereum ETF (ETHV).
Nasdaq will have the iShares Ethereum Trust ETF (ETHA) created by BlackRock, which also operates the largest spot bitcoin ETF under the ticker IBIT.
NYSE Arca will list the Bitwise Ethereum ETF (ETHW) and the Grayscale Ethereum Trust (ETHE). The Grayscale Ethereum Mini Trust (ETH), which will begin trading on the same exchange.
How does an ether ETF work?
Spot ether ETFs are intended to offer exposure to the price of ether held by the funds. Ether is the underlying cryptocurrency of the Ethereal network, the second largest crypto network by market capitalization.
ETF buyers are buying shares of funds that hold ether on behalf of their shareholders. Different spot ether ETFs use different data sources when it comes to setting the price of ether. Grayscale Ethereum Trust, for example, uses the CoinDesk Ether Price Index.
None of the ETFs launching today include pointed etherwhich represents a potential opportunity cost associated with choosing an ETF over other options such as self-custody or a traditional cryptocurrency exchange.
Ether staking currently has an annual return of 3.32%, according to the Compass Staking Yield Reference Index Ethereum. However, it is possible that the SEC will eventually approve Ether staking held by ETFs.
How can I trade Ether ETFs?
ETFs can simplify the trading process for investors. In the case of cryptocurrencies, instead of taking full custody of the ether and taking care of your own private keysSpot ether ETFs allow investors to purchase the cryptocurrency underlying the Ethereum network through traditional brokerage accounts.
Today, not all brokers may offer their clients spot ETFs on cryptocurrencies.
What are the fees for ether ETFs?
The fees associated with each individual spot ether ETF were previously revealed In the S-1 OR S-3 (depending on the specific ETF) deposit associated with the offerings. These fees are 0.25% or less for all but one.
The Grayscale Ethereum Trust, which converts to an ETF, has a fee of 2.5%. The Grayscale Mini Ethereum Trust has the lowest fee at 0.15%. These fees are charged on an annual basis for the provider’s management of the fund and are in line with what was previously seen with spot bitcoin ETFs.
Brokers may also charge their own fees for cryptocurrency trading.
News
Kamala Harris Odds Surge Amid $81M Fundraise. What Does It Mean for Bitcoin and Cryptocurrencies?
Market odds and memecoins related to US Vice President Kamala Harris have soared as the latest round of donations tied to the Democratic campaign raised $81 million in 24 hours, bolstering sentiment among some traders.
The odds of Harris being declared the Democratic nominee have risen further to 90% on cryptocurrency betting app Polymarket, up from 80% on Monday and setting a new high.
Previously, in early July, bettors were only betting on 8%, but that changed on Saturday when incumbent President Joe Biden announced he would no longer run in the November election. Biden then approved Harris as a candidate.
Polymarket traders placed $28.6 million in bets in favor of Harris, the data showsThe second favorite is Michelle Obama.
Somewhere else, Memecoin KAMA based on Solanaa political meme token modeled after Harris, has jumped 62% to set a new all-time high of 2 cents at a market cap of $27 million. The token is up a whopping 4,000% from its June 18 low of $0.00061, buoyed primarily by the possibility of Harris becoming president.
As such, Harris has yet to publicly comment on cryptocurrencies or her strategy for the growing market. On the other hand, Republican candidate Donald Trump has expressed support for the cryptocurrency market and is expected to appear at the Bitcoin 2024 conference on Saturday.
However, some expect Harris or the Democratic Party to mention the sector in the coming weeks, which could impact price action.
“While he has not yet received the official nomination, there is consensus that last night’s development is in line with current Democratic strategy,” cryptocurrency trading firm Wintermute said in a Monday note emailed to CoinDesk. “Keep an eye on Democrats’ comments on this issue in the coming days.
“The prevailing assumption is that Harris will win the nomination and any deviation from this expectation could cause market volatility,” the firm added.
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Top 30x Cryptocurrency and Coin Presales Today: Artemis Coin at #1, Others Are: BlockDAG, 99Bitcoin, eTukTuk, and WienerAI
The cryptocurrency market has seen a lot of growth and imagination lately, with new ventures popping up regularly. A critical pattern in this space is the rise of crypto pre-sales, which give backers the opportunity to get involved with promising projects early on. Artemis is a standout option for crypto investors looking to expand their portfolios amid the many pre-sales currently underway.
Cryptocurrency presales, commonly referred to as initial coin offerings (ICOs), allow blockchain ventures to raise capital by offering their local tokens to early backers before they become available on open exchanges. Investors can take advantage of these presales by purchasing tokens at a lower price. If the project is successful and the token’s value increases, investors stand to receive significant returns.
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The Ultimate List of the Top 5 Cryptocurrency Pre-Sales to Invest In
- Artemis: The aim of Artemis (ARTMS) will become the cryptocurrency equivalent of eBay or Amazon. The upcoming Phase 4 will see the launch of the Artemis Framework, which will serve as a stage for digital money exchanges where buyers, sellers, specialized organizations and those seeking administration can participate in coherent exchanges.
- DAG Block: uses Directed Acyclic Graph technology to increase blockchain scalability.
- 99bitcoin: operates as a crypto learning platform
- WienerAI uses AI-powered trading bots for precise market analysis.
- eTukTuk focuses on environmentally sustainable transportation options, such as electric vehicle charging infrastructure.
We have determined that Artemis is the best new cryptocurrency presale for investment after conducting extensive research. It presents itself as the unrivaled cryptocurrency presale choice currently open.
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Top 5 Crypto Pre-Sales and Best Cryptocurrencies for Investment Today
Artemis (ARTMS) is attempting to establish itself as the cryptocurrency version of eBay or Amazon. The Artemis Crypto System, which will act as a platform for cryptocurrency transactions, will be launched in Phase 4. Buyers, sellers, service providers, and requesters will all benefit from seamless trading with this system. Customers will be able to purchase things, such as mobile phones using digital money, as well as sell products such as involved bicycles and get paid in cryptocurrency. Additionally, crypto money can be used to pay for administrations such as clinical consultations, legitimate care, and freelance work. Artemis Coin will act as the main currency of the ecosystem, with Bitcoin and other well-known cryptocurrencies from various blockchain networks backing it.
Artemis Coin has increased in price from 0.00055 to 0.00101 from 0.00094. Artemis may be attractive to individuals looking to recoup losses in Bitcoin, as predicted by cryptocurrency analysts. At this point, it seems to present an interesting presale opportunity.
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The world of digital currency pre-sales is an exciting and exciting opportunity that could open the door to game-changing blockchain projects. Projects in this article, like Artemis Coin, offer the opportunity to shape the future of various industries and the potential for significant returns as the industry develops.
However, it is imperative to approach these investments with caution, thorough research, portfolio diversification, and awareness of the risks. You can explore the digital currency pre-sale scene with greater certainty and increase your chances of identifying and profiting from the most promising venture opportunities by following the advice and methods in this article.
>>> Join the best cryptocurrency pre-sale to invest in now <<
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