Ethereum

Token

Bitcoin ETF

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 <p class="is-style-lead">Ethereum (ETH) has seen a welcome price bounce over the past week, finally outperforming Bitcoin (BTC) in the ETH/BTC pair after weeks of under-performance.</p> 
 <p>This renewed strength seems driven by positive fundamentals and a broader resurgence in the altcoin market.</p> 
 <p>As such, some investors are now exploring ERC-20 tokens as they diversify.</p> 
 <h2 class="wp-block-heading" id="strong-ethereum-overtakes-bitcoin-strong"><strong>Ethereum overtakes Bitcoin</strong></h2> 
 <p>The ETH/BTC pair measures the value of Ethereum denominated in Bitcoin rather than a fiat currency like the US dollar.</p> 
 <p>Tracking this ratio gives insight into how Ethereum is performing against the crypto market leader.</p> 
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 <p>After weeks of bearish momentum, ETH/BTC has jumped nearly 7% over the past two days to reach 0.054.</p> 
 <p>This marks a significant shift that suggests trader and investor sentiment is finally turning bullish on Ethereum again, relative to Bitcoin.</p> 
 <figure class="wp-block-image">
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/3QtFdGqwbc-o7Aenxcc-9t8gVzX4FvcwHBqpMOtSSh77vb6iYGJwYEhglAfX71fylc5_smBZbOR5cCe_pPZPUKXdMu6kOxoxd1m4Mpdu-914aXD-_cNqDPrAXZ3ekbLTRaG6yKg-npYB7jWQH_Jk4Jw" alt="Ethereum rising and ETH/BTC outperforms Bitcoin, investors turn to ERC-20 tokens - 1">
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 <p>ETH has sorely lagged behind Bitcoin for quite some time, with ETH/BTC trending steadily downward since September 2022.</p> 
 <p>However, rejection of the symbolic 0.05 level likely signals that Ethereum could begin to gain market share.</p> 
 <p>According to CoinMarketCap, ETH trading volume has soared 32% in the past day, hitting $15.5 million.</p> 
 <p>This suggests traders are actively engaging in ETH-based transactions, likely driven by renewed confidence in the <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>’s prospects.</p> 
 <h2 class="wp-block-heading" id="strong-several-catalysts-converge-to-fuel-ethereum-breakout-strong"><strong>Several catalysts converge to fuel Ethereum breakout</strong></h2> 
 <p>Ethereum’s renewed strength against Bitcoin seems driven by a combination of increasing institutional interest.</p> 
 <p>The prospect of an SEC-approved spot ETH ETF in 2024 has led to a surge of interest from institutional investors, with Ethereum products seeing record weekly inflows of over $30 million.</p> 
 <p>This anticipatory buying ahead of a potential ETF launch suggests that many traders are positioning for an Ethereum breakout.</p> 
 <figure class="wp-block-image">
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/f--ibnGu2H0a_UKkaN9zwcm9RVWkRJQIG1FgqWjVRVYKI6VG3qHcMlzppePZAIdbkTS_Ec0aMUlacIOYCsGKo4cxcNGsS7eqK_kPlv9IOtbn7Ij5-sBg5ftFAMI06jTscv8mRvBuNnrvid5ltas1f9o" alt="Ethereum rising and ETH/BTC outperforms Bitcoin, investors turn to ERC-20 tokens - 2">
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 <p>At the same time, network revenue and fees have soared to 180-day highs, exceeding $2.9 billion annualized.</p> 
 <p>Higher activity has turned Ethereum deflationary again for the first time in weeks, reducing the circulating supply of ETH.</p> 
 <p>Between increasing adoption and deflationary tokenomics, Ethereum has finally gained some ground on Bitcoin.</p> 
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 <h2 class="wp-block-heading" id="strong-erc-20-tokens-to-watch-strong"><strong>ERC-20 tokens to watch</strong></h2> 
 <p>With Ethereum’s increasing momentum, traders may be wondering which ERC-20 tokens could soon break out.</p> 
 <p>Below are two tokens worth watching closely as ETH edges higher.</p> 
 <h2 class="wp-block-heading" id="strong-bitcoin-etf-token-opportunities-strong"><strong>Bitcoin ETF Token opportunities</strong></h2> 
 <p>The recently launched Bitcoin ETF Token offers a way to speculate on the market impacts of a spot Bitcoin ETF being approved in the U.S.</p> 
 <p>The platform’s <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>omics aligns with Bitcoin ETF developments.</p> 
 <p>BTCETF is deflationary where the total supply will be burned by up to 25% over time as significant approval milestones are reached.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/2VvkDXDGG8m_KhrNOjnxoKtpZnt1lZ6DpDjlN2GLXZTdLBNHIktivHbOR9r2UXfFQj6mJVt7Sw70UsIOktpig2JbSmt8VwW6p-_AyIp1Ns9Q_6ewSQmADFjLhjdLM-xM-6Q-OY-Rhy3K0ZttlFWZP2E" alt="Ethereum rising and ETH/BTC outperforms Bitcoin, investors turn to ERC-20 tokens - 3">
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 <p>With the market fully expecting the SEC to approve a spot BTC ETF in early 2024, speculation has reached fever pitch.</p> 
 <p>BTCETF allows <a rel="dofollow" title="investor" href="https://thebittimes.com/tag/investor.html">investor</a>s to gain exposure to this narrative while receiving rewards through the built-in staking protocol.</p> 
 <p>The Bitcoin ETF Token presale has already raised over $3 million.</p> 
 <figure class="wp-block-image">
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/YVcHr4qEl8cNcptFFOLmSFZc8DjsHNXyrkZgh4Zp4u7_KiF_WTHu04NRMszxfJs1fGLa4Q1FzFLmfBL5BifoSqgMswZhOVLiO_hlAFMXYhRe3XS3M80_YP470XwPjcBnzXoT1DznnWlEjSolSw4yvD0" alt="Ethereum rising and ETH/BTC outperforms Bitcoin, investors turn to ERC-20 tokens - 4">
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 <p>At the end of the presale, BTCETF will launch on multiple DEXes to provide decentralized access.</p> 
 <p>According to the project’s whitepaper, each on-chain transaction will burn 5% of the transacted <a rel="dofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> as well, enhancing deflationary pressure.</p> 
 <h2 class="wp-block-heading" id="strong-tg-casino-aims-to-reshape-gaming-strong"><strong>TG.Casino aims to reshape gaming</strong></h2> 
 <p>TG.Casino brings crypto-gaming experience to Telegram with its fully licensed platform offering live games, slots, and sports betting.</p> 
 <p>As a know-your-customer (KYC)-free, TG.Casino simplifies onboarding so players can access hundreds of games.</p> 
 <p>TGC, its native token, fuels this ecosystem, allowing holders to place wagers on various games and receive 25% cashback on losses.</p> 
 <figure class="wp-block-image">
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/smn2gozA2Ns70Dbna8fE2YU5V7Pmy78xVRGNoMjljl99eota67M2TBC3o1qspg7QIB9PeIC_7qviFWvMV3s0Fvp8kSufRNLjRhJd_ckNJlO5wD2fg4FPBs0FzJqWE5BPAjI30-OJf5CFwoX-Bc4_ORU" alt="Ethereum rising and ETH/BTC outperforms Bitcoin, investors turn to ERC-20 tokens - 5">
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 <p>This not only incentivizes TGC demand but protects players taking risks.</p> 
 <p>TGC also offers staking yields of 169% per year, with over 23.3 million tokens locked up already.</p> 
 <figure class="wp-block-image">
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/q9EKvXxbH5nEyXi5zj7uZNKvDGbAoSVROjh0j2KLH2-g7pTH9eIHahvgOhOH8p3OWigNyx7F1DJ5KvnfFSDpfb0JzXRpvD9mPHltVu9zEY7XyHUHISp_db65X2hEjPGdyxzJ9Yi3jOr_rXJuf2sTjPU" alt="Ethereum rising and ETH/BTC outperforms Bitcoin, investors turn to ERC-20 tokens - 6">
 </figure> 
 <p>The project’s presale has already attracted more than $3.6 million in funding, with <a rel="dofollow" title="investor" href="https://thebittimes.com/tag/investor.html">investor</a>s buying TGC for $0.18 in the current phase.</p> 
 <p>TG.Casino also has over 10,500 active Telegram community members.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/ethereum-rising-and-eth-btc-outperforms-bitcoin-investors-turn-to-erc-20-tokens-tbt73102.html">https://thebittimes.com/ethereum-rising-and-eth-btc-outperforms-bitcoin-investors-turn-to-erc-20-tokens-tbt73102.html</a></p>

Ethereum rising and ETH/BTC outperforms Bitcoin, investors turn to ERC-20 tokens

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