The introduction of a Bitcoin ETF is expected to take the DeFi market into a new bull run. However, after several delayed decisions from the SEC, applications are being altered to speed up progression.
As investors eagerly await the release of a Bitcoin ETF, projects like Astar and Meme Moguls are gaining traction. Meme Moguls has raised over $700k during its presale, and Astar has rallied 42% in December. Here’s why they could be strong investments going in 2024.
BlackRock Files New Bitcoin ETF Proposal
After the SEC announced it would delay making a decision on current applications, BlackRock filed a new Bitcoin exchange-traded fund (ETF) proposal. This proposal was tailored to the requirements of regulators, thus improving the odds of BlackRock securing the first Bitcoin ETF in the U.S.
This new proposal includes cash creation and redemption mechanisms, a model favored by the SEC. According to rumors, a Bitcoin ETF could be approved as early as January, which has sparked an additional bull run. During this run, Bitcoin's value increased by 2%, and Bitcoin is now trading at $43,714.
However, the SEC has criticized this new proposal. The regulatory body has raised concerns regarding investor safety and market manipulation, which is expected to delay the release of a Bitcoin ETF further.
Astar Increases 42% In December
Astar has remained under the radar for most of 2023. After a surge in February, Astar halved in value and continued to decline before hitting annual lows in June. However, Astar has recovered during the recent bull run.
Since October, Astar’s value has tripled from $0.03 to $0.09, with a 42% price increase in December alone. This has helped Astar gain traction in the DeFi market, though its daily trading volume remains relatively low, at $29 million.
Meme Moguls Raises $950k In Its Presale
Meme Moguls has thrived during the recent bull run. This one-of-a-kind DeFi game has soared during its presale, selling out its first round in a matter of weeks. Now, with over $950,000 raised, Meme Moguls looks to sell out phase two of its presale by the end of the year.
Meme Moguls is a P2E game that teaches its players how to invest. It introduces a unique meme stock market where investors can buy and trade a myriad of assets, interact with other investors, and compete for lucrative prizes.
Set to become the biggest memecoin of 2024, this captivating play-to-earn game offers a number of ways for players to earn an income. Aside from trading memes, investors can take part in winner-takes-all tournaments, stake $MGLS tokens, and generate a passive income once ranked among the top 20 Moguls on the game’s Wealth Leaderboard.
As each stage of the Meme Moguls presale sells out, one lucky investor will win a $10,000 cash prize. Additionally, investors will be able to win high-end gadgets, luxurious vacations, and exclusive experiences, making the Meme Moguls presale one of the most lucrative in the market.
With stage two on track to sell out before the end of the year, investors are now flocking to the Meme Moguls presale to maximize their potential returns.
Learn more about the $MGLS here: