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Why Are So Many Fantom & Internet Computer Investors Adding Panshibi To Portfolios: Is 100x Really Plausible

The post Why Are So Many Fantom & Internet Computer Investors Adding Panshibi To Portfolios: Is 100x Really Plausible appeared first on Coinpedia Fintech News The latest change of the Fantom coin ecosystem to Sonic has been a big deal lately. This is as new activity is rising among its investors involving the addition of the new Panshibi meme coin to their portfolio. But during this same period, similar action was noticed among Internet Computer investors. Could there be something that these investors are seeing in this new presale meme token that others are not seeing yet? The Panshibi meme coin has been getting attention lately and it might also be worth checking out. Some analysts even predict that this new meme coin could be the next crypto to 100x. However, while these predictions and investors’ activities look optimistic, making the wrong move could be a problem. With the interest from Fantom and Internet Computer Investors, could this be a hidden gem that you should be buying right now as well? First, let’s see why the interest from Fantom and Internet Computer Investors might be a big deal. Are the ICP and Fantom Coin Losing Investors’ Trust already? In the last 8 weeks, the Internet Computer coin has seen a price drop of over 60% in a wave that looks like a continuous fall. While the Internet Computer claims to be introducing a next-level decentralized protocol for developers, the fall so far might suggest that it is not getting attention. Although the ICP was at a time one of the best defi coins, its recent drop has removed this title from the Internet Computer coin. Similarly, the latest rebrand from Fantom to Sonic has met a mixed signal from the market, showing a weak signal that it will become one of the best defi coins. This is following the Fantom crash before it went on its rebranding journey. Investors are still not very convinced about the Sonic coin, which many believe is a mere repainting of the old house. This bearish signal and low trust are causing a big sell-off in both Internet Computer and Sonic Coin right now. Hence, investors looking for the best defi coins to invest in are gradually moving away from these two. Is Panshibi the Next Crypto to 100x? The meme coin market looks like it might be starting another round of its bull run with the latest entry of Panshibi meme coin to the market. With a projection of over 145,000% after its official launch across exchanges, Panshibi is showing investors it is the meme coin to have right now. Its presale success and the bullish expert predictions it’s getting also suggest that this might be the best time for investors to win bigger in the meme coin. The Panshibi presale started a few weeks ago in what is to be a 60-day presale run, but it is already giving investors a hint of the bull run ahead. Investors in the Panshibi meme coin are set to see over 1200% simply by getting early to the party. This presale price surge is already set in motion, with price growth after every stage in the presale. Some analysts already believe this new meme coin is on its way to 50x in the first few days after it launches. This new meme coin is topping the list of the best meme coins with the potential to be 100x as it continues to win the attention of investors across the crypto market. The Internet computer and Fantom investors are betting on the Panshibi meme coin as the next crypto to 100x with its community-driven opportunities. Check out the presale link below to join the Panshibi coin early for a bigger profit. Telegram: https://t.me/panshibi Twitter: https://x.com/panshibi Website: https://panshibi.com CoinTurk News

Grayscale Files for Cardano ETF: A Significant Step for Crypto Investment
For cryptocurrency investment products, Grayscale is a leading asset manager. It has filed for a Cardano exchange-traded fund—an ETF. This happened on February 10, 2023. The proposed fund is intended to allow investors to gain exposure to the ADA token. It would do so in a “regulated, traditional financial environment.” If and when the ETF is approved, it would make Grayscale, again, the first to do something significant in this crypto space—the first to issue a “spot” ETF for Cardano. Key Details of the Filing Grayscale’s proposal would create a way to invest in Cardano through a public security rather than through a crypto-exchange or in private transactions. As the most recent effort from the firm’s high-profile CEO, Michael Sonnenshein, in conjunction with the SEC, it may lack the teeth needed to bring cryptocurrencies into the mainstream. Grayscale appears poised to bring the ADA token much closer to investors, much in the same vein as other firms have brought bitcoin and ether. In the proposed structure, it would be Coinbase Custody Trust Company holding the ADA assets, ensuring the safety of the digital asset. The operational support, along with the impeccable command of regulatory compliance, would fall under the auspices of BNY Mellon Asset Servicing. This is Grayscale’s current gig for its crypto trusts, which have been hitting it out of the park for several years now. Why? Because they’re providing an institutional-grade path for investing in digital assets. When it comes to the evolution of cryptocurrency investments, Grayscale’s recent filing represents quite an achievement for the firm. The filing adds another major coin to the list and gives Grayscale’s ETF application for Cardano quite a serious aspect to it. Grayscale isn’t just some fringe player. It’s a well-respected name in the digital currency space. Their ETF application isn’t going to get ignored or laughed out of the room. And interest in Cardano isn’t going to diminish anytime soon. If anything, it’s on the increase as the crypto space’s interest in the coin deepens. A Historic Moment for Cardano and Crypto ETFs Should Grayscale’s Cardano ETF win the approval of regulators, it would send a historic wave through both the generally cryptocurrency space and the far more specific sphere of Cardano. Currently, Cardano stands as one of the few smart contract platforms that anoints anything approaching a reasonable amount of investment in its projects. Futures contracts and ETFs are the regulated, near-to-no-risk means of investment that hedge funds love. Should Grayscale’s ETF be approved, the most exciting part of it—again, for both the Cardano project and its associated cryptocurrency—would be that ADA as an asset would now be accessible to those investors. Getting the Cardano ETF approved would place it on par with Grayscale’s other significant assets. The company offers ETFs for two of the largest digital currencies by market cap: Bitcoin and Ethereum. Interest in Grayscale’s crypto ETFs is growing, especially from the company’s institutional investor base, which seems to be favoring the Grayscale model for secure, regulated access to the crypto markets. If the Grayscale Cardano ETF follows the lead of its two big siblings, it could soon become a go-to vehicle for those interested in accessing whatever upside might come from ADA’s burgeoning DeFi potential. Potential Challenges and SEC Scrutiny There are obstacles to overcome before Grayscale Cardano ETF can become a reality. The biggest challenge facing Grayscale Cardano ETF’s approval may be the SEC’s previous stance on ADA. In 2023, the SEC called ADA a security in the lawsuits it brought against Binance and Coinbase. Those lawsuits, and the public statements the SEC makes in them, could delay or complicate the approval of the Grayscale ETF. After all, the SEC has closely scrutinized many different cryptocurrencies over the years, and its position on ADA looks like it could become a substantial and significant hurdle for Grayscale Cardano ETF. Even with all these regulatory obstacles, Grayscale keeps hope alive. The latest thing from Grayscale is a request to the SEC to allow them to turn their Cardano trust into a directly investable ETF. They filed this request in the wake of ETPs becoming available in Europe, with Virtune AB launching one for Cardano on February 6. If international markets are amenable to Cardano ETF-like investment vehicles, why not the U.S.? Looking Ahead The Cardano ETF proposal filed by Grayscale signals something exhilarating for the crypto-investing world, especially for those who want to invest in ADA and have been waiting for a more regulated way to do so. Again, the SEC is evaluating the proposal. Whatever response it offers will give us some much-needed clarity on the matter of crypto ETFs in general. If the Grayscale Cardano ETF gets approved, it will make for an effective gateway drug to future well-regulated funds that offer investors exposure to crypto. At present, the SEC is the focus of everyone’s attention as it examines the submission. Should an affirmative result emerge, it would most likely ignite the all-too-frequent fires of controversy that seem to accompany the intersection of traditional finance and the decentralized digital currency world. Indeed, the Grayscale Cardano ETF could become a new touchstone for these often-contentious debates. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! 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