Cryptocurrencies had been pretty combined on Monday as Bitcoin remained stubbornly above the necessary help degree at $90,000. Hedera Hashgraph (HBAR) token surged to a excessive of $0.1490, its highest degree since April 24 and 256% above its lowest level this month.
Equally, Citizen (CATI), the favored Telegram recreation, jumped for 4 consecutive days, reaching a excessive of $0.70, its highest level since September. Notably, buyers continued to eye Vantard, an upcoming cryptocurrency that seeks to create a meme coin index fund.
Why Hedera Hashgraph and Catizen soared
Hedera Hashgraph token surged after a number one firm utilized for a spot HBAR ETF in the USA. This utility is making the most of the latest Donald Trump election, which can seemingly usher in a brand new period within the crypto trade.
In contrast to Joe Biden, Trump has comeout in help of the crypto trade since he has a pores and skin the sport. As such, there’s a chance that the SEC will approve new crypto ETFs at a quicker tempo within the coming yr.
Hedera Hashgraph is seen as a really perfect candidate for an ETF due to its use case and the truth that it counts influential corporations like Google, Mondelez, and IBM as members of its governance council.
The primary concern with Hedera is that it usually has low quantity and it has not attracted many builders in its ecosystem. As such, even when the ETF is accepted, it’s unclear whether or not it’ll acquire reputation amongst institutional buyers.
Citizen, then again, is a prime participant within the tap-to-earn ecosystem that has grown quickly previously few months. As proven beneath, its rebound was largely due to technicals because it had shaped a falling wedge sample earlier than its comeback. There’s a chance that the token will surge to a file excessive of $1.2, which is about 60% above the present degree.
Vantard token sale is accelerating
In the meantime, buyers have shifted their focus to Vantard, a well-liked crypto venture that’s in its token sale. Vantard has raised over $844,000 from buyers, a development that would proceed as meme cash leap.
Vantard relies on the concept that meme cash do nicely over time. Latest knowledge present that meme tokens like Dogecoin, Floki, and Dogwifhat have outperformed main cryptocurrencies like Bitcoin and Ethereum.
Vantard’s technique is to create a meme coin index fund that can observe the most important and most promising tokens within the trade. As such, as a substitute of investing in all these cash, one should purchase the VTARD token and acquire publicity to a few of the greatest cash.
The builders hope that their tokens will thrive as Trump is ready to simplify cryptocurrency legal guidelines whereas the Federal Reserve is predicted to proceed slicing rates of interest by 2025. You cann study extra about Vantard right here.
