Amidst numerous back and forths, the United States Securities and Exchange Commission (SEC) has finally approved the first leveraged Bitcoin (BTC) ETF, Volatility Shares 2X Bitcoin Strategy ETF (BITX). Although there are about six exchange-traded funds (ETFs) that allow investment in Bitcoin (BTC) futures contracts, the first leveraged Bitcoin (BTC) futures ETF offers leveraged exposure to Bitcoin (BTC) after its launch on the Chicago Board Options BZX Exchange.
In light of this recent development, the crypto market is expected to experience an uptrend, with DigiToads (TOADS) and Cardano (ADA) being some of the tokens to look out for as they are poised to skyrocket.
DigiToads is poised to skyrocket amid positive market sentiments
DigiToads is quickly gaining traction in the cryptocurrency landscape as its bullish momentum intensifies. DigiToads’ momentum in the short duration of its presale is unrivaled, with nearly $6 million raised so far. This has prompted predictions from industry experts, with the token expected to hit $1 by the end of the year. Additionally, with a bull cycle imminent, DigiToads presents a unique opportunity to position for the impending volatility.
DigiToads is a play-to-earn and NFT utility meme coin with huge room for growth. First, as an emerging token in its presale, there is a huge profit margin to be gained from investing early. Second, as a meme coin, holders should brace for the volatility that characterizes memecoins as it is poised to soar.
Additionally, as a utility coin, DigiToads will power its ecosystem, with its use cases concentrating on NFT and its play-to-earn Web3 game. Furthermore, by virtue of being a deflationary token, DigiToads’ value has the potential to remain in an uptrend as its supply decreases over time.
Aside from its growth potential and the increasing value that comes with hodling DigiToads, investors can benefit from other advantages. To begin, investors can benefit by earning passive rewards as they stake their tokens or NFTs to receive rewards. In addition, as DigiToads holders, investors will be able to vote on important proposals.
DigiToads is currently at the presale stage, stage 9. A $TOADS token is worth $0.047 as of press time, a low entry point as it is predicted to skyrocket after launch. To participate in the DigiToads presale, follow the link below.
Cardano (ADA) is expected to soar amidst positive market conditions
Cardano (ADA) is the native token of the Cardano ecosystem, a proof-of-stake blockchain platform. With its token in demand, Cardano (ADA) is expected to skyrocket as the broader crypto market experiences an upturn.
Meanwhile, Cardano (ADA) experienced a rally from the beginning of the year until mid-April, with its ensuing downtrend attributed to concerns around the broader crypto market. The past two months have seen Cardano (ADA) trade downward, but this presents a great buying opportunity for investors. With Cardano (ADA) expected to soar in the coming months, accumulating the token now might be a smart investment strategy.
Final Thoughts
The broader crypto market isn’t only experiencing an upturn but also positive developments. The US SEC recently approved the first leveraged Bitcoin ETF, which launched in late June. This development is expected to be followed by stronger uptrends, with Cardano (ADA) and DigiToads (TOADS) poised to skyrocket. As a result, there has been increasing activity within the ecosystems, with investors accumulating the tokens, particularly DigiToads.
The increasing participation in DigiToads’ presale is due to its enormous growth potential and tangible utility that covers its NFT and P2E. With the token still in the presale stage, you can purchase it now at a cheap price by following the link below.
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