Bloomberg analyst James Seyffart has said that the US Securities and Exchange Commission (SEC) could approve all applications for the instrument at once in Jan. 2024. Currently, analysts have picked Bitcoin, Ripple, and a new coin called Meme Moguls.
Bitcoin (BTC) Price Prediction By Standard Chartered
According to the latest Bitcoin news, the Securities and Exchange Commission (SEC) has sought input from the public. The SEC asked for public opinions regarding Franklin Templeton’s Bitcoin ETF.
The due diligence which would last for 21 days has affected the approval of Spot Bitcoin ETF in 2023. Meanwhile, Bloomberg’s James Seyffart predicted that the SEC planned to approve the Spot Bitcoin ETF between January 2 and 10.
Despite the SEC’s delayed decision on the ETFs, Bitcoin price surged past $38,000. This increase was linked to expectations of a reduction in interest rates by the Federal Reserve.
Moving forward, Standard Chartered predicted a significant surge in Bitcoin value, reaching a peak of $100,000 by late 2024.
Ripple (XRP) on the Road To $27, Says Crypto Analyst Egrag
On his social media platform, X, cryptocurrency specialist Egrag Crypto recently highlighted his optimistic views for XRP. He mentioned that Ripple’s price might eventually rise to $1.3, $3, $5.8, and $27.
Egrag added that it seemed reasonable to reach $27. He mentioned the 280-day, 61,000% rise in Ripple XRP that occurred in 2017. In his opinion, reaching $3 and $5.8 would be important turning points on the route to $27.
Because of the regulatory clarity that makes Ripple a safe investment option, Egrag was optimistic about XRP’s future. Judge Analisa Torres’ decision that the Ripple cryptocurrency was not a security preceded this. Ripple coin, on the other hand, has continued to trade over the $0.6000 threshold.
Recently, the crypto expert, Egrag Crypto, shared his positive outlook for XRP on his social media platform, X. He pointed out that the price of Ripple could potentially reach $1.3, $3, $5.8, and $27 in the future.
Egrag also mentioned that reaching $27 seems reasonable. He cited the 61,000% increase Ripple XRP experienced in 2017 over 280 days.
According to him, hitting $3 and $5.8 would be significant milestones on the way to $27. Egrag’s optimism about XRP’s future was due to the regulatory clarity that makes Ripple a safe investment choice.
This comes after Judge Analisa Torres’ ruling that the Ripple crypto was not a security. Meanwhile, Ripple coin has maintained its stand above the $0.6000 mark as it traded between $0.592866 and $0.634147 in the past week.
Meme Moguls (MGLS) Price Skyrockets Ahead Of Spot Bitcoin ETF Approval
Apart from Bitcoin and Ripple, Meme Moguls (MGLS) is another token that could skyrocket after Spot Bitcoin ETF approval. Meme Moguls plans to release the first-ever meme trading exchange platform. This platform would feature a wide range of assets inspired by popular memes.
Some of these memes include internet sensations like Pepe the Frog, Shiba Dog, and the latest viral trends on social media. To make informed meme investments, you can use real-time data and gain insights from experts. The project has emphasized the importance of community involvement in discovering the next big meme trends. As a result, it has built a vibrant community of meme lovers.
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— Meme Moguls (@meme_moguls) November 24, 2023
The MGLS token serves as the utility token for the Meme Moguls platform. It would facilitate trading and reward stakers with passive income. Another exciting aspect of Meme Moguls would be the opportunity to earn unique NFTs.
These NFTs are linked to your activity and achievements within the platform. Given the meme coin market’s current value exceeding $18 billion and its continuous growth, Meme Moguls could see significant growth in Q1 2024.
Currently, the MGLS coin has entered a new stage and the price has increased from $0.0019 to $0.0021. Market experts have predicted 100x ROI for early buyers.