Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.
The big well-known bank, Goldman Sachs, is very bullish on crypto, especially on Bitcoin and Ethereum. Bitcoin hit a new All-Time High above $73,500 last week and looks set to rise again on Wednesday after a cooling off period.
The explosion of well-known crypto coins is mainly due to the arrival of crypto ETFs, of which the spot Bitcoin ETF was already launched in January and the spot Ethereum ETF could receive approval as early as May.
In this article we look at Goldman Sachs’ predictions about the future of crypto and the expectations for Bitcoin and Ethereum.
Bitcoin price reaches ATH and plunges down – Will Bitcoin rise again after crypto crash?
Bitcoin has entered a strong retracement in the past week, with the crypto falling hard, especially on Tuesday. For example, BTC made a bearish breakout below its 30-day moving average (yellow) before breaking above it again today.
Bitcoin’s Relative Strength Index (RSI) has cooled off significantly and is currently at a neutral level of 50, indicating that Bitcoin is no longer overvalued and has room to climb again.
Goldman Sachs is very optimistic about Bitcoin after the arrival of the spot Bitcoin ETF. Well-known crypto analysts from the bank say that the crypto ETF has changed the psychology of institutional investors.
We also have the Bitcoin halving next month, which will greatly reduce the supply of new Bitcoins, allowing Bitcoin to reach new highs later this year and into 2025, possibly above $100,000.
Institutions are now showing even more interest in crypto ETFs, which could give Ethereum a nice boost later this year when the spot Ethereum ETF is approved. This approval could happen as early as May, provided the US Securities & Exchange Commission (SEC) does not postpone the deadline, as the regulator did with Bitcoin.
Ethereum price corrects to $3k – Will Ethereum rise to new ATH in 2024?
While the crypto market is declining, interest in Ethereum appears to have dropped after the March 13 Dencun upgrade. The upgrade promised to greatly reduce network transaction costs, but this reduction was very limited.
This likely temporarily affected the sentiment of investors, who disappointedly sold their ETH after the upgrade. Yet this does not say much about the future of Ethereum, which could rise sharply in the long term after the approval of the spot Ethereum ETF.
Ethereum is currently still below its 30-day moving average of $3,500, which currently serves as strong resistance. The altcoin has had some pretty strong months, possibly due to the hype that built up to the implementation of the Dencun upgrade.
The Ethereum price now has a lot of catching up to do, especially now that other blockchains such as Solana have grown significantly in popularity. Yet Ethereum’s #1 position as the largest blockchain and altcoin is not yet in danger.
Ethereum has a Total Value Locked (TVL) of over $47 billion, followed by Tron (TRX) with a TVL of just $9 billion, according to data from DefiLlama.
ETH could rebound towards $4,000 in the coming weeks and post a new ATH above $5,000 later this year if the spot Ethereum ETF receives approval to launch in the US.
Which cryptos will explode when the market recovers?
On Wednesday we see signs of recovery after the market experienced an aggressive correction yesterday. In this correction, smaller crypto coins have been hit very hard, which means they may have a lot of room to rise in the near future.
In this part of the article we look at a number of small cryptos with the potential to rise sharply when Bitcoin recovers. These are promising staking coins, which can temporarily be purchased for an extra low price in the presale, before they are launched at a higher price and can rise even further.
Green Bitcoin (GBTC) – Best staking coin with rising Bitcoin prices
Green Bitcoin (GBTC) is one of the most promising emerging staking coins available for presale. GBTC can be staked for extra high rewards when you predict the Bitcoin price.
Bitcoin uses the intensive Proof-of-Work model, which allows you to earn Bitcoins only by mining, which requires strong hardware and a lot of energy. Green Bitcoin is a sustainable alternative to Bitcoin that uses the Ethereum network, which allows you as a user to passively earn money with crypto by staking GBTC.
GBTC retails for $1.10 in presale and can be staked for an APY of 89%. After the presale you can earn extra high staking rewards by predicting the Bitcoin price. GBTC is a second chance if you missed Bitcoin’s pump.
Now to Green Bitcoin
Bitcoin Minetrix (BTCMTX) – Bitcoin minen via staking platform
Another alternative to Bitcoin that has received a lot of attention from the market is Bitcoin Minetrix (BTCMTX), which makes it possible to mine Bitcoins via the cloud. This way you use hardware from cloud mining companies and you do not have to purchase hardware or pay high energy costs.
Bitcoin Minetrix uses the Ethereum blockchain to enable its Stake-to-Mine mechanism. By staking BTCMTX, you passively earn mining credits that you can exchange for hash power to mine BTC via the cloud.
BTCMTX retails for $0.0141 in presale and can be staked early for passive rewards. After the presale raises $15 million, the token will go live on exchanges and the Stake-to-Mine feature will be launched.
Now to Bitcoin Minetrix (BTCMTX)
Dogecoin20 (DOGE20) – Discover the news meme coin hype
Of course, we cannot forget that meme coins are very popular at the moment. Today, Dogecoin (DOGE) also rose by more than +2%, although this meme coin offers no utility. The new Dogecoin20 (DOGE20) has a solution for this.
Dogecoin 20 takes the fun of Dogecoin and combines it with a staking mechanism so that token holders can passively earn extra tokens. This limits the sales pressure and allows DOGE20 to become a real moonshot.
You can buy Dogecoin20 in the presale for $0.0002 per token and stake it for an APY of 238%. The presale has already raised more than $3.7 million in its first week. The meme coin will soon launch on its first exchange and could explode in value at any time after that.
Now to Dogecoin20
eTukTuk (TUK) – Sustainable crypto with many benefits for investors
eTukTuk (TUK) is a sustainable crypto that uses the Ethereum blockchain to provide people in developing countries with affordable and sustainable transportation. It also gives investors the opportunity to contribute to this and at the same time realize good returns.
Tuk-tuks are three-wheeled vehicles that are widely used in certain developing countries, but emit a lot of COâ‚‚. The electric alternative, the eTukTuk, is not only more economical, but also more efficient and cheaper.
Drivers in these countries can use TUK to purchase and maintain the eTukTuk, while investors can stake this token for passive income. TUK retails for $0.0285 in presale and has already raised over $2.3 million. Take a quick look at the presale and discover how you too can benefit from this innovative project.
Now to eTukTuk
Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.
Source: https://cryptobenelux.com/2024/03/21/goldman-sachs-voorspelt-toekomst-crypto-gaan-bekende-cryptos-btc-eth-stijgen-door-crypto-etfs/
