Hedera Hashgraph, Catizen prices soar as traders eye Vantard

Cryptocurrencies had been pretty combined on Monday as Bitcoin remained stubbornly above the essential 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, buyers 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 making the most of the latest Donald Trump election, which is able to seemingly usher in a brand new period within the crypto trade. 

Not like Joe Biden, Trump has comeout in assist of the crypto trade 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 12 months.

Hedera Hashgraph is seen as a great 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 principle subject with Hedera is that it typically has low quantity and it has not attracted many builders in its ecosystem. As such, even when the ETF is authorised, it’s unclear whether or not it would achieve reputation amongst institutional buyers. 

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

Vantard token sale is accelerating

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

Vantard relies on the concept meme cash do properly over time. Latest 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 can monitor the most important and most promising tokens within the trade. As such, as a substitute of investing in all these cash, one should purchase the VTARD token and achieve publicity to among the greatest cash. 

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