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Cryptocurrency News Video
ScapesMania (MANIA) Could Mirror the Success Patterns of Solana (SOL) and Dogecoin (DOGE)
Feb 11, 2024 at 10:30 am Money Matters
The cryptocurrency market is expected to undergo significant developments with the potential introduction of ETFs based on Dogecoin and Solana by 2025. The market is abuzz with the possibility of Ethereum reaching the $4,000 mark by the end of May this year, a forecast supported by Standard Chartered bank. This anticipation is rooted in the expected approval of a spot Ethereum ETF by the Securities and Exchange Commission, which is projected to drive substantial demand for Ethereum. This scenario mirrors the impact seen with Bitcoin following the approval of spot-based Bitcoin ETFs by entities like BlackRock, which have been purchasing Bitcoin at a rate significantly exceeding the daily amount produced by miners. The potential approval of Ethereum ETFs is seen as a catalyst for the introduction of ETFs based on other altcoins, including Dogecoin and Solana, possibly by the end of 2024.
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