What a time to be in the crypto world! Upon several meetings between the US Securities and Exchange Commission (SEC) and asset managers to discuss their spot Bitcoin ETF applications and several filing updates, optimism has peaked in the crypto space. This has sparked a bullish run, with Meme Moguls (MGLS) and (LINK) experiencing massive gains.
This post will cover the impending approval of the Bitcoin spot ETF. Further, it will explain the upward trajectory of Meme Moguls and Chainlink, explaining why the former, a top ICO, is positioned as the most promising cryptocurrency. Let’s begin.
Bitcoin (BTC): Excitement Around the Anticipated Approval of Spot ETF
The launch of the first Bitcoin spot ETF in the US, which has long been elusive, appears to be nearing approval. With trillions of dollars of liquidity set to enter Bitcoin and the entire crypto market, you have to be there. Following several green lights by the SEC, there has been optimism regarding approving a spot ETF. What does this mean again?
For one, expect institutional adoption and traditional participation. Generally, Bitcoin will experience more exposure, pushing its price to unseen levels.
With its approval imminent, there have been several predictions. In exciting news, Bitwise, one of the asset managers that filed for spot Bitcoin ETF, released a commercial for the product. This piece of news was posted by Watcher Guru on December 18th, which has been stirring up excitement on X (formerly Twitter). We might be closer to approval than originally thought.
The Bitcoin price at the time of writing is $43,733. With BTC set to skyrocket after the approval of the Bitcoin ETF, it is one of the best cryptos.
Meme Moguls (MGLS): At the Convergence of P2E and Meme
The ICO scene has become the go-to hub for massive gains, with Meme Moguls (MGLS) emerging as the soundest cryptocurrency. Its novel approach and explosive growth potential make it a favourite, which explains the massive show of interest and explosive gains. Like its name, Meme Moguls, the ecosystem is where to be if you wish to become a mogul.
One of its key attractions is its fascinating blend of play-to-earn (P2E) and memes. Standing at the intersection of two of the biggest trends in the crypto landscape, Meme Moguls appears poised for massive adoption.
Moreover, its upcoming game will feature simulated acquisition. Remarkably, players can turn their simulated profits into cashable returns by completing challenges.
The presale is in its second stage, and a token costs just $0.0023. Analysts identified it as the best new crypto, forecasting a 55x surge in its value.
Chainlink (LINK): Connecting Smart Contracts to Off-Chain Data
Chainlink (LINK) plays one of the most critical roles in the crypto space. It aims to bring all the world’s off-chain data to the blockchain, which cutting-edge smart contracts require. Hence, Chainlink crypto is one of the best coins.
The team listed new integrations in exciting Chainlink news shared via X (formerly Twitter). This development suggests the growth of the LINK ecosystem and is a positive development.
The Chainlink price is currently $14. With potential upsides in the coming days, LINK is among the top altcoins.
Conclusion
The optimism around the approval of a spot Bitcoin ETF has fueled a rally, with Meme Moguls and Chainlink crypto soaring. In particular, there has been a massive show of interest in Meme Moguls. This is because of its novelty in the crypto space and explosive growth potential.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
