Best Crypto to Buy Now May 30 – Notcoin, JasmyCoin, Ordi
Major cryptocurrencies are locked within weekly ranges on Thursday as markets look ahead to the release of key US Core PCE data on Friday, with investors weighing up the best crypto to buy now for quick gains.
Bitcoin (BTC) rose as high as $69,500, but was last around $68,500, near the mid-point of this week’s $67,000-$70,500ish range.
Ethereum (ETH), meanwhile, was moving sideways in the $3,700s, not far below recent highs near $4,000
Ethereum ETFs could go live next month, posited Bloomberg ETF analyst Eric Balchunas.
Good sign. Prob see rest roll in soon. Then prob one more round of fine-tune comments from Staff. End of June launch a legit possibility altho keeping my o/u date as July 4th https://t.co/WymshkTvat
— Eric Balchunas (@EricBalchunas) May 29, 2024
JP Morgan thinks Ethereum ETFs will struggle to find much demand, attracting just $3 billion in inflows this year. If staking is permitted, this could rise to $6 billion.
“Bitcoin had the first mover advantage, potentially saturating the overall demand for crypto assets in response to spot ETF approvals,” JP Morgan analyst Nikolaos Panigirtzoglou said.
JPMorgan analistleri, spot Ethereum ETF'lerinin spot Bitcoin ETF'lerine kıyasla daha az talep göreceğini öngörüyormuş.
Piyasa değeri bakımında Bitcoin’e giren para ile Ethereum’a giren para elbette aynı etkiyi yaratmayacaktır. Bitcoin ETF’lerinin onaylandığı günden bu yana…
— Mehmet GİZİK (@AI_gizik) May 30, 2024
If Ethereum ETFs do experience muted demand, this could weigh on the ETH price post-ETF launch.
For what it’s worth, an X poll suggested 31.7% of nearly 500 respondents expect Ethereum ETF inflows of greater than $4 billion within three months of their launch.
Let's see whether the collective wisdom of CT can beat JP
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