It feels like the SEC Bitcoin spot ETF decision has been pending forever. But now the ETFs have been approved, allowing institutional investors to get more exposure to Bitcoin. So what will happen next with the price? We ask the same question about the blockchain NEO and the Play to Earn game Meme Moguls, which is currently still in presale. Which coin has the most potential? Here’s our take.
Bitcoin finally gets Spot ETFs
The long-awaited approval from the SEC at first appeared to be a ‘buy the rumor sells the news’ kind of event, with Bitcoin correcting from its highs of around $48k back to $38k where the price rebounded. This is a clear sign that Bitcoiners were waiting for the dip and ready to buy in at sub-40k levels. And so the price has been on the up since then.
Now traders are eyeing the future Ethereum spot ETF and recent news about these applications has sent the price of Bitcoin up by 4.4% over the last 24 hours, meaning it is currently back to its December highs of $44k+.
Given that the usually bullish halving event happens later this year, it seems that the price of Bitcoin is set to continue growing. The team at Finder, a UK research-based fintech, has predicted that Bitcoin will reach $87,125 by 2025 and $220,708. This would equate to approx 5x from here.
Meme Moguls’ Price Goes Up Again
Data from Finder showed that Bitcoin is most commonly the first crypto that people buy and their favorite. But as most understand, while Bitcoin is the blue chip of the crypto world, small-cap coins bring huge returns that Bitcoin cannot.
One example is a new and upcoming P2E game called Meme Moguls. It’s a kind of fantasy trading game, based on crypto and the stock market. The aim is to beat the other players’ scores on the wealth leaderboard and become a Mogul. Moguls will win prizes and can also monetize their trading strategies to newbies or intermediate traders looking to improve.
The community aspect of Meme Moguls is what makes it so appealing. People are playing against, but also with, others, as they learn and grow to understand how to make a real-life successful portfolio. There are many ways to earn in the game including community engagement, providing liquidity, and earning/selling unique meme-based NFTs. All the while having fun banter with other crypto heads.
Meme Moguls is in presale, with the token worth just $0.036, having recently risen 10%. As there are more presale stages to go, the price is guaranteed to rise and then will launch on the open market. Experts are predicting that the coin could reach $3.60 which is a 100x from here.
Neo Developing Slowly But Steadily
NEO is one of the oldest blockchains, that began its journey as ‘Antshares’ in 2014. Neo isn’t as well known as other blockchains and some say this is because they have focused their efforts so much on building and supporting their community of developers and builders.
NEO aims to be more developer-friendly and feature-rich compared to rivals. It allows coding dApps in popular languages like Python, C#, and JavaScript instead of niche ones like Solidity and Rust. The blockchain also has built-in support for oracles and decentralized storage/identity. Combined with developer tools, this makes building dApps easier.
With lots of development and activity and an already stacked feature set, the blockchain seems as though Neo could be about to surge due to increased utility and adoption.
We can see that NEO did well in the last bull run but did not reach the highs of the first bull run.
Coincodex predicts a potential maximum price of around $30 per coin in 2025 (as opposed to its current price of $11.51). NEO is up by 8.7% on the monthly charts and 26.6% on the yearly.
