In the crypto market, new developments often dictate market movements and investor sentiments. Recently, Pando Asset has set its sights on a significant endeavor: launching a Spot Bitcoin (BTC) ETF in the United States.
Meanwhile, Dogecoin (DOGE) and Meme Moguls (MGLS) have made headlines—one for getting regulatory approval from a significant entity and another for breaking a presale record. Let’s dive into all this news and what it could mean for the token’s future.
New SEC Application Unveiled For A Spot Bitcoin (BTC) ETF
The Swiss financial firm Pando Asset, filed an application with the SEC for the Spot Bitcoin (BTC) ETF recently. The S-1 form filing is a tipping point in crypto investing because Pando Asset wants to bring the Pando Asset Spot Bitcoin Trust into the US.
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If approved, this proposed ETF will be traded on Cboe BZX Exchange. Coinbase, a prominent American cryptocurrency exchange, is poised to act as the custodian for this novel venture.
Amid these developments, the Bitcoin price has slightly dipped, witnessing a fall from $38,160 on November 29 to $37,800 on November 30. Nevertheless, it is still trading above its 100 and 200-day EMAs. This trend has made experts forecast a potential rise to $39,940 before 2023 ends in their Bitcoin price predictions.
Regulatory Nod for Dogecoin (DOGE)
The project aimed at sending a physical Dogecoin (DOGE) token to the moon has now gained regulatory approval. The Geometric Energy Corporation CEO, Samuel Reid, shared that the National Telecommunications and Information Administration (NTIA) greenlighted the company’s “DOGE-1” lunar mission.
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This mission, partly funded by Dogecoin, is slated for liftoff in January 2024. The news stirred positive sentiment within the DOGE community, driving the Dogecoin price from $0.080 on November 29 to $0.081 on November 30.
Dogecoin has seen 19 out of 30 (63%) days marked as bullish and a 5.96% price volatility over the last 30 days. Thus, analysts have made a bullish Dogecoin price prediction. They foresee a surge in the Dogecoin price, expecting it to reach $0.0901 before the end of 2023.
Meme Moguls (MGLS) Shatters Presale Records
On another front, Meme Moguls (MGLS) , a rising star in the meme coin universe, is making headlines as it enters stage one of its presale in record time. This project completed its Beta stage in just one week. Helped by immense interest, it raised an impressive 250,000 USDT, drawing in a flood of traders eager to secure MGLS tokens before their value escalates.
Meme Moguls is the very first meme-driven stock exchange. This groundbreaking platform introduces an innovative space where meme trading intersects with competition among traders. You can trade your favorite memes while earning rewards and climbing the Meme Moguls Wealth Leaderboard.
In contrast to Bitcoin and Dogecoin, Meme Moguls boasts a comparatively lower market cap of $8M as its current value is just $0.0021. This fact offers a competitive edge, potentially propelling its value to surge faster due to requiring fewer new funds. Its value has already increased 10% from its initial price.
Experts predict a staggering 1,000% increase in MGLS before the presale concludes. They base this prediction on historical data from thecryptobasic showcasing one of its rivals - SHIB’s 1.6M% ROI since its inception. If Meme Moguls captures the adoption it deserves, it may provide the same or even greater returns.
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For more information about the Meme Moguls (MGLS) presale:
Website: https://mememoguls.com/
Buy presale: https://app.mememoguls.com/sign-up
Twitter: https://twitter.com/meme_moguls
