Home Crypto Best Crypto to Buy Now September 28 – Biconomy, Compound, LeverFi

Best Crypto to Buy Now September 28 – Biconomy, Compound, LeverFi

by Janine Lindsey

VanEck, an asset management firm, has announced its plan to launch an exchange-traded fund (ETF) based on Ethereum futures contracts. The fund, called the VanEck Ethereum Strategy ETF (EFUT), will invest in cash-settled futures contracts for Ether.

The ETF will be listed for trading on the Chicago Board Options Exchange (CBOE), pending regulatory approval from the Securities and Exchange Commission (SEC). Bloomberg ETF analysts predict that trading could begin as early as October 2nd or 3rd.

This would be the first Ethereum futures ETF available to U.S. investors, following the launch of several Bitcoin futures ETFs this year. VanEck has been seeking to bring cryptocurrency ETFs to U.S. investors for years, but has faced hurdles from the SEC.

The launch of the Ethereum futures ETF comes at a time of surging interest in Ethereum investment vehicles. Ethereum’s price has seen a bullish momentum, trading at around $1,660, up 4% so far today. Bitcoin and the total cryptocurrency market capitalization have also trended upward, gaining 2.98% and 2.62% respectively.

With the positive movement in the cryptocurrency market, other altcoins such as Biconomy, Bitcoin Minetrix, Compound, Meme Kombat, and LeverFi are emerging as potential choices for the best crypto to buy now, given their solid fundamentals and/or bullish chart patterns.

Biconomy’s native BICO token has seen a 40% surge after major backer Eden Block claimed over 1.5 million tokens from a vesting wallet. Some market experts speculate that this move could lead to a potential sell-off by Eden Block, considering the recent price increase of BICO.

Bitcoin Minetrix offers a new way for investors to profit from Bitcoin mining without the high upfront investment. Its “stake-to-mine” model allows users to stake tokens to generate “Cloud Mining Credits” that can be redeemed for Bitcoin mining power. This eliminates the need for expensive equipment and high electricity bills.

COMP, another altcoin, has also seen a surge in trading activity with a 17.91% increase in price. The technical indicators suggest potential further price appreciation, but traders should remain cautious of overbought conditions indicated by the RSI.

Overall, the launch of the Ethereum futures ETF by VanEck and the positive movement in the cryptocurrency market present opportunities for investors to explore various altcoins with potential for growth. However, investors should carefully assess the fundamentals and technical indicators of each cryptocurrency before making any investment decisions.

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