Encouraging news that cryptocurrency exchange-traded funds (ETFs) will be allowed in Hong Kong has made Ethereum (ETH) and Bitcoin (BTC) spot ETFs even more popular. Victory Securities, a company based in Hong Kong, has finally revealed how they charge fees for the above-mentioned funds.
They say that they charge between 0.5% and 1% for deals in the main market and lower fees for trades made online in secondary markets. Victory Securities’ move shows that they think a lot of investors will be very interested in Ethereum (ETH) when new investment tools will be made available in the special administrative region of the PRC. This could make Ethereum (ETH) even more visible and actively traded in the upcoming weeks.
Ride The Wave of Innovation with ScapesMania
The introduction of a new crypto project is usually met with very cautious optimism. But when its numerous past sales and token generation event (TGE) are a huge success, it all seems like the first step on a path full of growth potential. ScapesMania, the groundbreaking casual gaming project, has a lot to show for its unstoppable hype.
$MANIA has stepped into PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. The debut trading day proved to be impressive. The token price demonstrated resilience, indicating robust tokenomics and promising prospects for the project. Unlike short-term ICOs, ScapesMania has proven itself to be a serious venture within a thriving market.
Just let the numbers speak for themselves:
- Holder count: 18.41K
- 24-hour trading volume: $2.25M
- Over 2,535 buys and 1,651 sells
ScapesMania also topped DEXTools’ Hot Pairs list right away after its debut.
This project started out with a presale event that garnered an incredible $6.125 million. The fact that it attracted over 60,000 followers across different social media networks and a vast number of holders is even more remarkable. This strong support and funding demonstrate how appealing and promising the project is to a wide audience. A real breakthrough might be just around the corner, so it would be a waste not to grab $MANIA tokens before they skyrocket.
The launch of liquidity pairings including MANIA/WBNB and MANIA/USDT marked the beginning of active trading. The demand from the community led to USDT becoming the main source of liquidity.
Why get involved with ScapesMania now that it’s listed? First, $MANIA tokenomics are balanced, with a cliff and vesting system helping maintain stability. Second, ScapesMania incentivizes community members through its staking program, rewarding commitment with extra tokens. Third, through DAO governance, community members can vote on ecosystem development decisions. Finally, ScapesMania continuously expands token utility, offering more benefits to $MANIA holders.
With a strong plan for promoting the project after listing, its success might keep up the record-breaking pace after its debut. The team’s dedication to long-term development and prominence in the cryptocurrency industry is shown by their impressive marketing efforts — 75K+ average monthly traffic is no joke.
Additional upsides that may be among the biggest deciding factors are:
- The project’s smart contract has been approved by BlockSafu. Holders may rest certain that the project’s infrastructure is reliable and up to par thanks to this endorsement.
- Enthusiastic support from numerous notable crypto influencers. It lends legitimacy and affirms ScapesMania’s status as one of the promising new projects.
- Experienced team. Innovating and executing a project successfully requires a team of seasoned specialists. This project is in a strong position to overcome any obstacles and take advantage of opportunities.
- Bright future. The project has come a long way, but it still has a long way to go. There are tentative plans to list on a centralized exchange (CEX), which will provide access to more markets and more liquidity.
Everything about ScapesMania was carefully designed to facilitate major growth potential. From successful, well-publicized sales to its advantageous alliances, seasoned staff, and strategic positioning in the casual gaming niche – it looks poised for big things.
Choosing ScapesMania right now, post-TGE, offers early access, exclusive benefits, diversification, lower competition within a dynamic niche, and, more importantly, a potentially perfectly-timed entry point. The coin’s stable post-listing price and strong initial support, coupled with an influx of newcomers, indicate long-term confidence, so it might be the time to make your decision.
Ethereum (ETH) Price Poised for a Potential Surge Amidst Strong Accumulation Signals
Ethereum (ETH) is currently going through an accumulation phase, which has seen a huge amount of $500 million worth of ETH taken out of platforms. This big drop in exchange amounts usually means that big investors, the so-called “whales,” are showing strong buying interest. They are probably moving their holdings to private wallets to keep for a long time.
As expected, the market has responded positively to this trend. In the past, similar trends have been followed by big price increases. When people switch from platforms to private wallets, the supply on open markets goes down. This creates a shortage, which can cause prices to rise if demand stays the same or rises.
Also, the fact that 320 million USDT (Tether), a world-famous stablecoin, came into the Ethereum market shows that liquidity is growing, which could lead to even bigger price increases later down the line. The move could be a well-planned gambit by investors who think Ethereum (ETH) will go up in value soon, according to analysts.
Different experts have different ideas about how these changes will affect the value of Ethereum (ETH) right away. Some experts are still cautiously hopeful, pointing out that the crypto market is very unpredictable. Others, on the other hand, see this as a clear sign to buy. According to the more optimistically-minded, Ethereum (ETH) could make a lot of money if the current trend keeps going. Ethereum (ETH) may be ready for a big price jump, possibly hitting all of its old high points.
Conclusion
There is a lot more interest in and market exposure for Ethereum (ETH) right now. This, in part, is because of changes in regulations in Hong Kong. Recently, the region approved cryptocurrency exchange-traded funds (ETFs) for both Bitcoin and Ethereum (ETH). This can really be the start of a new era for business investing in cryptocurrencies.
Victory Securities, a Hong Kong-based company, has already set its fees for these ETFs in order to take advantage of the growing interest from investors. This event not only shows how Ethereum (ETH) is becoming more integrated into standard financial markets, but it also makes it possible for more investors to put money into Ethereum (ETH). All these developments can cause the coin’s price to grow significantly as a result.
