The Blockchain skies are alive today, with BTC Cash making headway to an elevated value of $218.93, highlighting a 1% surmount in a day and an applaud-worthy 15% increment in merely a week. The affair of BCH’s blossoming facets stems significantly from Grayscale’s victorious appeal in opposition to the SEC, a turn of events that sets stage for a surmise that a Bitcoin ETF approval is highly likely to be around the corner. This optimistic prospect paints Bitcoin Cash in hues of a magnetizing investment.
Naturally, the question on everyone’s lips addresses the predictability of Bitcoin Cash’s value surge. The currency’s mid-August overselling scenario strongly hints a further tributary to the stream of BCH’s value rise. A market projection of BCH ETFs following Bitcoin ETFs, brings the altcoin into the limelight of collective interest among larger investors. However, the ripple effect of an approval for BCH ETF from any major asset manager or finance institution might be a distant event on the horizon.
From a present valuation of $218, Bitcoin Cash has all chances to reclaim the $250 mark by year-end. But here’s the mild twist in the tale: a Bitcoin ETF approval may not necessarily imply a symmetrical impetus to BCH’s value. The diversification of portfolios into fresh-off-the-boat altcoins and presale tokens may be a strategy that resonates with traders.
Riding high on the wave of popularity is the new ERC-20 cryptocurrency, Wall Street Memes (WSM). With a backing of over $25 million in its initial presale phase spanning just few months, WSM has cultivated a strong army of supporters. Decentralized tokenomics with its focus on community rewards are adding to its charm by incentivising greater community engagement. In a bid to buy WSM pre-listing, potential investors can head to their official website and obtain details of its impending sale.
Bearing in mind the high-risk nature of crypto assets, this information must be consumed with critical analysis. While Bitcoin Cash is poised to attract investors eyeing for a beneficial outcome from the Bitcoin ETF approval scene, the thriving presence of meme tokens like Wall Street Memes unmistakably illustrates the dynamic realms of the crypto universe.
Source: Cryptonews
