Bitcoin, the largest cryptocurrency by market capitalization, is down on Jan.23, falling 7% in the last 24 hours to hit $39,586. In a surprising turn of events, ETH, the second-largest cryptocurrency by market capitalization, has experienced a significant Ethereum price drop, falling below the US$2,300 mark. As the broader cryptocurrency market faces increased volatility, Ethereum’s market cap has also witnessed a notable contraction, raising concerns among investors and enthusiasts alike. Let’s look at the reasons why BTC is likely not to recover in the short term and why investors are buying and staking eTukTuk’s (TUK) presale now.
Bitcoin (BTC) ETFs, was it all hype?
One of the benefits of Bitcoin ETFs is that investors can gain direct exposure without owning the underlying assets. Hence, the approval of spot ETFs by the SEC has created a frenzy, with traditional investors now having the option of investing in Bitcoin ETFs. Following the green light by the US SEC on January 10, Bitcoin ETF trading kicked off with a bang, with BTC seeing massive inflows.
According to speculators, BTC will soar past its all-time high of $68,789 and reach $100,000 soon, on the back of ETF trading. This makes it one of the best coins to invest in.
Will Ethereum’s (ETH) dive continue?
Ethereum is the second-largest cryptocurrency by market capitalization, and the most popular platform for decentralised applications (DApps) and smart contracts. However, Ethereum is facing some serious challenges, such as scalability, high fees, and environmental impact. These issues have opened the door for new competitors to emerge and challenge Ethereum’s dominance in the DeFi space. In the bigger picture, bears exert more influence than bulls, and without a swift return to the $2,600 zone, a prolonged decline to $2,200 becomes likely. ETH, however, retains a chance for an upward trend, given its current position above the $2,300 level. The stakes are high, and the correction could lead to a test of the $2,350-$2,400 zone by the week’s end.
Bluechip investors joining eTukTuk (TUK)
With their presale being the only one that allows token holders to stake their tokens while the presale goes ahead, eTukTuk is aiming for institutional investors to jump onboard.The presale phase of eTukTuk is generating enthusiasm within the crypto community as their native token, TUK, sold rapidly his last stage at 0,02575 and tokens are now available at 0,026 USD.
eTukTuk (TUK) enters the scene as a web3 solution to pollution in developing countries. eTukTuk is coming to market with the first charging station ecosystem powered by the blockchain, building the charging infrastructure of tomorrow, powered by their native TUK token, and this presale is your chance to invest in a project that aims to change the world.
Presale token holders can buy and stake and enjoy 382% APYs during the presale stage.
eTukTuk new website: https://presale.etuktuk.io/
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