Bitcoin ETFs soared recording $138 billion in total assets under management and BTC price surged in response. Ethereum followed suit surging to hit $3,700. Ethereum ETFs also saw significant inflows making the total assets for Ethereum products $9.15 billion. There is a surge in crypto investments following the generally positive market conditions promoted by the US elections. Investors’ confidence in crypto investment has been restored.
Bitcoin Push to $100k StallsAt the time of press, Bitcoin is trading at about $95,335 a drop from the $97,359 it was trading at a few hours ago. Bitcoin seems to be in a consolidation phase just below $100,000. Although many market players maintain a bullish outlook, some have contrary opinions. Robert Kiyosaki, a renowned figure in the finance and investment sector, says Bitcoin is likely to crash. Kiyosaki says since BTC has failed severally to hit the $100k mark, investors should anticipate a decline to the lows of $60,000. He also says this would be an opportunity to buy more BTC for the next bull run.
Ethereum ETF Inflows Surpasses BTC ETFs’For the first time on Friday, Ethereum ETF inflows surpassed that of Bitcoin’s. On November 29, the daily inflow hit $332.9 million. This inflow was reflected in ETH experiencing a surge. ETH had been stuck in the bullish flag pattern for quite a while. Yesterday it broke out, rallying to $3,706.08 and the crypto space was in excitement waiting for a new ATH. At the time of press, ETH has dropped by 2.88% in the past 24 hours trading at $3602.45. This is creating uncertainty around the anticipated price rally. Traders are moving cautiously.
Monsta Mash Massive Potential to Surge 1000XMonsta Mash ($MASH), a disruptive addition to blockchain gaming, is set for 1000X. So far, $MASH is amongst the hottest, most discussed presales in the crypto space. Investors are keenly eyeing $MASH tokens, as they offer a more stable investment option compared to the highly volatile established cryptocurrencies. Investors may also be attracted to Monsta Mash because of its innovative approach to GameFi and the impending demand for $MASH, its utility token. So what makes this coin so special?
Monsta Mash combines diverse gaming with several battle royale games, a Play-to-Earn feature, a Tap-to-Earn platform, and a staking platform offering an impressive 8% to 19% APY. It’s a clever ecosystem that gives $MASH its native coin a strong utility; payment, governance, staking, and trading. Hence the anticipated demand and potential to shoot to the moon once it hits the mainstream market.
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ConclusionThere is a lot of uncertainty in the crypto space with the top two largest cryptocurrencies failing to hit the anticipated price marks over and over. Investors are looking for alternatives and $MASH seems to be the perfect fit. Even better, a 100% gain is on the horizon as Presale Phase 2 ends.
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