Hedera Hashgraph, Catizen prices soar as traders eye Vantard

Cryptocurrencies have been pretty blended on Monday as Bitcoin remained stubbornly above the necessary assist stage at $90,000. Hedera Hashgraph (HBAR) token surged to a excessive of $0.1490, its highest stage since April 24 and 256% above its lowest level this month. 

Equally, Citizen (CATI), the favored Telegram sport, jumped for 4 consecutive days, reaching a excessive of $0.70, its highest level since September. Notably, traders continued to eye Vantard, an upcoming cryptocurrency that seeks to create a meme coin index fund.

Why Hedera Hashgraph and Catizen soared

Hedera Hashgraph token surged after a number one firm utilized for a spot HBAR ETF in america. This software is benefiting from the latest Donald Trump election, which can probably usher in a brand new period within the crypto business. 

In contrast to Joe Biden, Trump has comeout in assist of the crypto business since he has a pores and skin the sport. As such, there’s a chance that the SEC will approve new crypto ETFs at a sooner tempo within the coming yr.

Hedera Hashgraph is seen as a really perfect candidate for an ETF due to its use case and the truth that it counts influential firms like Google, Mondelez, and IBM as members of its governance council. 

The primary challenge with Hedera is that it usually has low quantity and it has not attracted many builders in its ecosystem. As such, even when the ETF is permitted, it’s unclear whether or not it is going to acquire reputation amongst institutional traders. 

Citizen, however, is a prime participant within the tap-to-earn ecosystem that has grown quickly prior to now few months. As proven under, its rebound was largely due to technicals because it had fashioned a falling wedge sample earlier than its comeback. There’s a chance that the token will surge to a report excessive of $1.2, which is about 60% above the present stage.

Vantard token sale is accelerating

In the meantime, traders have shifted their focus to Vantard, a preferred crypto mission that’s in its token sale. Vantard has raised over $844,000 from traders, a pattern that might proceed as meme cash soar.

Vantard is predicated on the concept meme cash do effectively over time. Current knowledge present that meme tokens like Dogecoin, Floki, and Dogwifhat have outperformed main cryptocurrencies like Bitcoin and Ethereum. 

Vantard’s technique is to create a meme coin index fund that may observe the most important and most promising tokens within the business. As such, as an alternative of investing in all these cash, one should buy the VTARD token and acquire publicity to among the finest cash. 

The builders hope that their tokens will thrive as Trump is ready to simplify cryptocurrency legal guidelines whereas the Federal Reserve is predicted to proceed chopping rates of interest by means of 2025. You cann study extra about Vantard right here.