While Ethereum’s price has long been hovering between the $3000 and $4000 marks, this might all change now. Recently news has surfaced of the SEC approving Bitwise ETH ETF. Bitwise still needs the SEC to approve a pending registration application, known as a Form S-1, for the fund to go live. With this small step only left behind, traders are now questioning whether this is the start of Ethereum’s season. Read on to find out what experts are saying and why they are pointing to this Ethereum-based viral crypto for the maximum gains possible this season.
Could Ethereum Price Rally After Bitwise’s ETH ETF
Ethereum, the second-largest cryptocurrency by market capitalization, is currently trading at $3,265, reflecting a modest 2.49% decrease from the previous week. Ethereum’s price movement remains sluggish seeing quite high volatility over the course of last year. Over the past month, Ethereum’s price has seen several fluctuations, struggling to break above key resistance levels, such as the $3800 mark.
In mid-2024, the U.S. SEC approved the first spot ETH ETFs. This approval allowed major financial institutions, including BlackRock, Fidelity, and Grayscale, to launch ETH ETFs, providing investors with more ways to gain exposure to Ethereum without directly holding the asset. The introduction of these ETH ETFs has opened the door for increased institutional investment in Ethereum. Despite the initial excitement, Ethereum’s price wasn’t quite affected by the launch of ETH ETFs.
However, just recently, the SEC has approved Bitwise ETH ETF. Bitwise now still needs the SEC to approve a pending registration application, known as a Form S-1, for the fund to go live. Investors are now closely watching this upcoming new ETH ETFs and the network’s ongoing upgrades, which could provide the catalyst needed for a stronger uptrend. However, given its massive market capitalization, Ethereum’s price potential remains relatively limited compared to emerging projects such as the talked about Ethereum altcoin.
IntelMarkets (INTL): Why This AI-Powered Ethereum Altcoin Is Dominating Charts
IntelMarkets is a new AI altcoin that is making waves with its groundbreaking AI-powered trading platform and a 720% jump in its presale. IntelMarkets aims to revolutionize the crypto trading market by integrating artificial intelligence into every aspect of trading. INTL’s platform unique self-learning trading robots analyze vast amounts of data, identify profitable opportunities, and execute trades with remarkable speed and efficiency, offering retail traders an edge previously reserved for institutional investors.
Unlike Ethereum, which is widely adopted and has a huge market cap, IntelMarkets is still in its early stages. INTL offers a seamless AI-driven experience with advanced trading algorithms that optimize performance. Furthermore, IntelMarkets’ dual-chain architecture, which operates on both the Solana and Ethereum blockchains, ensures scalability and interoperability, positioning INTL as a strong contender.
Currently, IntelMarkets’ presale has raised more than $8M, which is a sign of the amount of confidence and momentum it has created. In its ninth ICO stage, INTL’s tokens are priced at just $0.082, making them highly appealing to early backers. With the market focus shifting to utility-based coins acting as a wind in the back, some analysts are predicting a 75x increase by 2025. This is why INTL comes out as a must-watch altcoin in 2025.
Conclusion
IntelMarkets is offering investors a unique blend of AI-driven trading, dual-chain architecture, and high-growth potential. While Ethereum’s Bitwise ETH ETF approval could provide a boost to Ethereum’s price, its upside remains somewhat limited due to its massive market cap. In contrast, IntelMarkets (INTL) presents a better opportunity with its AI-powered trading platform and an already impressive presale performance. With analysts predicting a 75x increase by 2025, INTL stands as the best presale to watch, offering investors the chance to capitalize on this new era of AI-driven trading.
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