Multiple price dips across BTC, ETH, BNB, and XRP over the past month confirm that investors are facing a bear market, with few good investments in the crypto market. However, future events, such as the Bitcoin halving and the push for Bitcoin ETFs to be listed, suggest that a possible bull market may occur in late 2023 or early to mid-2024.
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Alongside the potential for a rising crypto market, there are many coins still in development being sold through presales. These coins allow the crypto community to assess and gauge potential future winners in the crypto market. A good presale coin will usually have a roadmap and key information to help speculators decide if this is a project they want to back. This article will examine a crypto presale called Elonator (ETOR) and Altcoins like Bitcoin and Cardano.
Key BTC Events: 2024 Halving, Bitcoin Spot ETF
For speculators who are watching the market closely to decide if Elonator is worth buying in the current season, Bitcoin may spur on a much-needed bull market. The reward for mining Bitcoin will reduce from 6.25 BTC to 3.125 BTC after the halving event. This reduces the incentives for mining Bitcoin, potentially limiting the supply of incoming BTC into the market and increasing the price.
Another event that could be positive for the crypto market is the listing of Bitcoin ETFs. Multiple investment companies, including Fidelity and Blackrock, have made applications for a Bitcoin spot ETF to the SEC. When implemented, the Bitcoin Spot ETF could connect usually wary traditional investors to the crypto market, driving up trading volume and, hence, the price of the biggest altcoins in the market. Could this wave catch on to Elonator, a presale meme coin yet to list on crypto exchanges?
Could BTC Events In 2024 Create A Boost For Elonator’s Presale?
A key meme coin that could benefit from the BTC halving event in 2024 is Elonator, which is currently in its presale. $ETOR’s extensive roadmap comes with an impressive set of updates to its ecosystem, including an NFT competition. The meme coin was founded by combining Elon Musk and the Terminator.
Elonator is in the third stage of its presale, and the meme coin has raised approximately $135,000 from loyal supporters of the meme culture. $ETOR is heavily featured through its social media account on X, formerly Twitter.
When Will The Crypto Bear Market Come To An End?
As Elonator’s famous presale progresses in the crypto market, investors are keenly watching the broader landscape to judge if now is the right time to invest. Key events unfold in rapid fashion, including the Ripple-SEC lawsuit, the Bitcoin ETF spot applications, the Bitcoin halving event, and other important instances.
Will the crypto bear market loosen up, allowing in new investment from crypto traders and enthusiasts? Visit the links below to learn more about the Elonator presale.
Elonator:
Presale: https://buy.elonator.com/
Website: https://elonator.com
Telegram: https://t.me/ElonatorCoin
Twitter: https://twitter.com/ElonatorCoin