Ethereum

The VanEck analysts have increased the ETH price target for 2030 to $22,000 due to positive factors like the approval of spot ether ETFs, progress in scaling solutions, and on-chain solid data. This comes as other major Wall Street firms, such as VanEck, attempt to list spot ether ETFs after their spot bitcoin ETF launches. This bullish outlook means that Ethereum can do well and that projects such as 5thScape can gain from the rising institutional interest and the inflow…

The post Hong Kong May Permit Staking For Spot Ethereum ETFs This Year appeared first on Coinpedia Fintech News The Animoca Brands Chairman has said that Hong Kong asset managers are working to include staking in the spot ETH ETFs to get the staking feature award approved this year. Hashkey is also formulating a proposal to introduce ether staking. Blocdaemon is in talks with Hong Kong ETF issuers and custodians to explore the possibility of offering staking services for the…

Ethereum, the world’s second-largest cryptocurrency, is poised for a meteoric rise, according to a new analysis by VanEck, a leading asset management firm. The report predicts that Ethereum could reach a valuation of $2.2 trillion by 2030, translating to a price of around $22,000 per coin. This ambitious prediction hinges on Ethereum’s dominance in the smart contracts arena and its potential to generate a staggering $66 billion in free cash flow by the end of the decade. Traditional Finance Embraces…

The post Is the Ethereum ETF Launch Date Closer Than We Think? Gensler Weighs In appeared first on Coinpedia Fintech News According to SEC Chair Gary Gensler, the launch of U.S. spot Ether exchange-traded funds (ETFs) currently depends on how promptly the issuers address feedback from the Securities and Exchange Commission (SEC). In a recent statement, he mentioned that the SEC will not intentionally prolong this approval process. There has been considerable progress, with the commission approving eight 19b-4 filings…

Ethereum price started a downside correction from the $3,885 resistance zone. ETH is now back below $3,800 and might continue to slide toward $3,720. Ethereum started a pullback after it failed to clear the $3,880 resistance. The price is trading below $3,840 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $3,830 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh upward move…

SEC Chair Gary Gensler indicated in a recent CNBC interview that the approval process for spot Ethereum ETFs could take longer than anticipated, with S-1 registrations unlikely to be approved imminently. Ethereum’s open interest in derivatives products has surged by 50.3% to $14 billion, setting a new record, with notable increases on the Chicago Mercantile Exchange. While everyone has been eagerly awaiting the launch of the spot Ethereum ETFs, SEC chief Gary Gensler recently said in a CNBC interview that…

Analysts from asset manager VanEck predict that Ethereum will hit $22,000 by 2030, noting that the network’s revenue per user exceeds that of most Web2 businesses with a higher market cap. Data from Bitwise shows that Ethereum has 900% more daily active users today than it did four years ago, with the rise of Layer2s credited for the rapid growth. With the approval of the Ethereum ETFs by the US SEC, most analysts have made bold predictions about the future…

The post Don’t Miss Out: Solana Beats Ethereum, Shiba Inu’s Surge, and Furrever Token’s 25% Limited-Time Deal appeared first on Coinpedia Fintech News The digital asset arena is vibrant with Solana outpacing Ethereum in active addresses, hitting a new high in May 2024. Concurrently, Shiba Inu undergoes a notable price surge, with vital metrics skyrocketing by 100%. Amidst this fervor, Furrever Token unveils an enticing proposition: for a brief window, utilize code FURR25 to augment your holdings by 25%. With…

Asset manager VanEck recently revised its prediction for Ethereum (ETH), revealing what price it believes the second-largest crypto token could reach by 2030. The firm also did well to outline what could drive Ethereum’s price to this revised price.  Ethereum To Reach $22,000 By 2030 In a recent blog post, VanEck predicted that Ethereum could reach $22,000 by 2030. Before now, the asset manager had predicted that the crypto token would hit $11,800 by 2030. However, VanEck suggested they had…