Bitcoin ETFs and multiple analysis

Hello everyone, welcome back to another video on my channel. In this video we take another tour of the crypto space.

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Tour of the crypto fields

We start with the market conditions where Bitcoin (BTC) is still bullish according to the Fear and Greed Index. Current levels and technical analysis suggest a possible rise to $65,000. It is important to be prepared for possible setbacks.

Key upcoming events include Ethereum upgrade and Solana (SOL) beating Ethereum in decentralized exchange volumes. There are also important developments at Hedera. HBAR’s CEO is optimistic about what will happen in 2024.

Solana vs Ethereum

What follows is the Solana ecosystem where BNB has been overtaken to become the fourth largest cryptocurrency in the world. This is a signal that ecosystems play an important role in the success of coins. Helium (HNT), a coin in the Solana ecosystem, has also performed remarkably.

The Ethereum upgrade is scheduled for January 17th. It promises lower fees, new bridges and pool features, and curbing self-destructive activity in smart contracts. This should significantly reduce Layer 2 transaction costs.

The 3 Biggest Crypto Winners of 2023

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    Altcoin news

Cardano situation

Then we dive into Cardano (ADA). The token’s team recently signed an impressive partnership with a major Brazilian oil company. This marks the beginning of new use cases for blockchain technology in the energy sector. The Cardano Foundation expects this to be the first of many partnerships that will increase industry awareness.

Towards the end of the video, we discuss some altcoins to keep an eye on. These include Algorand (ALGO), Polkadot (DOT), Pancakeswap (CAKE), Vechain (VET) and Hedera (HBAR). It is important to stay informed about possible token unlocks and market expectations, especially with interest rate cuts in 2024.

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Global crypto developments

Finally, we discuss global developments. For example, China is promoting blockchain development, Argentina is allowing Bitcoin in official contracts, and the Central Bank of Nigeria is lifting the ban on cryptocurrency trading.

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