Pando Asset AG recently submitted an application to the SEC for a Bitcoin ETF. This move places Pando among many contenders as it is now the 13th company to seek approval.
This interest shows the growing appetite for cryptocurrencies, signaling the official start of the altcoin season. As the market awaits the SEC’s decision, investors are also eyeing altcoins like Conflux (CFX) and Fantom (FTM).
But, Everlodge (ELDG) is another interesting token that comes with an entirely different value proposition.
Conflux (CFX) Gains Momentum
Conflux (CFX) is gaining momentum, rising 30% in the last week. This surge came after the recent Conflux news, which saw it partnering with DWF Labs and FORDEFI. This partnership aims to redefine the Conflux trajectory, especially when onboarding institutional clients.
After this news, the Conflux price increased from $0.17 on December 4 to $0.19 on December 7. Bullish sentiments and favorable technical indicators further reinforce Conflux’s growth trajectory. With 24 technical analysis indicators signaling bullish patterns, market experts are optimistic about Conflux’s future potential.
How High Can Fantom Crypto Go?
Fantom (FTM) also exhibits strong bullish indicators, supported by developments to attract developers. For instance, Fantom Sonic was introduced to empower developers in building high-performance applications.
This positive Fantom news has resulted in a notable surge in its market performance. From a price point of $0.30 on December 4, Fantom witnessed a rapid uptick, soaring to $0.33 on December 7. This price surge has positioned Fantom above its 21 and 50-day EMAs, signaling a bullish trend.
Analysts have taken note of all these developments when making their Fantom price predictions. Some of them forecast a potential price jump to $0.36 by the end of December 2023.
Everlodge (ELDG) To Introduce AI Technology to a Booming Market
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Author: Bridgit Murphy