Web3 🌘 Thursday Update: BTC Poised for $40,000, SOL Soars, NHL Launches NFT Platform, SEC Delays Grayscale ETF Decision
1/ 🧐 Bitcoin Price Prediction: Can BTC Hit $40,000 Soon?
2/ 📈 Solana Soars 19%
3/ 🌈 NHL Enters the NFT Arena with Sweet Platform.
4/ ⏳ SEC Delays Decision on Grayscale Ethereum Futures ETF.
For further details, let's keep reading! 👇
Welcome to today's Web3 news update! In this blog post, we will take a look at some recent stories in the crypto space, including a resurgence in Bitcoin (BTC) prices, a significant surge in the value of Solana (SOL), and the launch of NHL Breakaway, a new NFT platform from the National Hockey League (NHL). Additionally, the SEC has delayed its decision on the Grayscale Ethereum futures exchange-traded fund (ETF).
Stay tuned for more detail!
1/ Bitcoin Price Prediction: Can BTC Hit $40,000 Soon? 🧐
Bitcoin (BTC) is showing signs of a resurgence, fueled by a combination of factors including mass liquidations of leveraged traders' positions, easing macroeconomic conditions, and growing optimism surrounding the potential approval of spot Bitcoin ETFs in the US. The BTC price is currently trading around $37,700 and is poised for a near-term push towards the $40,000 level. If the bulls can maintain control, the next major target is the 2022 highs at $48,000
Joel Frank
2/ Solana Soars 19% 📈
Solana (SOL) has experienced a remarkable surge in value, climbing over 19% against the U.S. dollar. This week alone, SOL's value has escalated by over 45%, and over the past month, it has shown a staggering 167% rise. The cryptocurrency currently boasts the sixth-highest trading volume among all cryptocurrencies. The surge in SOL's value is partly attributed to a "Kimchi premium" observed in South Korea, where prices are higher than the global average. SOL is currently the top trading pair on Upbit, accounting for 7.65% of the exchange's total trading volume.
Jamie Redman
3/ NHL Enters the NFT Arena with Sweet Platform. 🌈
The National Hockey League (NHL) has partnered with Sweet, a platform for brands to create NFT (non-fungible token) collectibles, to launch NHL Breakaway. The initiative will allow fans to collect digital highlights of their favorite plays and NHL players. NHL Breakaway will also feature a "Trade Lounge" where fans can trade packs and highlights with other collectors. The league is hoping that NHL Breakaway will help it to engage with a younger audience and generate new revenue streams.
Bradley Keoun
4/ SEC Delays Decision on Grayscale Ethereum Futures ETF. ⏳
The SEC has delayed a decision on the Grayscale Ethereum futures exchange-traded fund (ETF). The SEC said it needs more time to consider the application and the issues raised therein. This is the latest in a series of delays for Grayscale's ETF applications. The SEC is currently considering a number of spot Bitcoin ETF applications, and analysts at Bloomberg Intelligence have said there is a 90% chance the U.S. market will have a Bitcoin ETF by January 10.
Mat Di Salvo
Conclusion:
The cryptocurrency market is constantly evolving, with new developments emerging all the time. Bitcoin (BTC) show signs of a resurgence, Solana (SOL) experience a remarkable surge in value, the National Hockey League (NHL) enter the NFT arena with Sweet, and the SEC delay a decision on the Grayscale Ethereum futures exchange-traded fund (ETF). These developments are all significant and could have a major impact on the future of the cryptocurrency market. It will be interesting to see how they play out in the coming.
Disclaimer: The information provided in this blog post is based on external sources. Please do your own research and due diligence before making any investment or financial decisions based on the content shared here.
