Home Ethereum Crypto Market Watch: Ethereum Price Nears $2,000, Aptos Jumps 10%, Wall Street Memes Closes on $13m

Crypto Market Watch: Ethereum Price Nears $2,000, Aptos Jumps 10%, Wall Street Memes Closes on $13m

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Crypto Market Watch: Ethereum Price Nears $2,000, Aptos Jumps 10%, Wall Street Memes Closes on $13m

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As the second half of 2023 gets underway, the crypto market is showing some impressive momentum, with several tokens demonstrating remarkable performance.

Ethereum is approaching the vital $2,000 region, while Aptos has just registered a notable 10% jump, grabbing investors’ attention.

Meanwhile, the hotly-anticipated Wall Street Memes project edges closer to the $13 million funding milestone, evidencing the enormous buzz throughout the crypto community.

1. Ethereum Inches Closer to $2,000 Level

Ethereum ($ETH), the world’s second-largest cryptocurrency by market cap, continues to show impressive momentum amid a buoyant market.

$ETH has steadily regained lost ground and is now inching closer to the coveted $2,000 price level, a region not touched since May 6.

Currently, the $ETH price is hovering around the $1,957 mark, having gained over 7% in the past week.

This rising trend can largely be linked to the optimistic sentiment currently prevailing in the crypto market.

Per CoinMarketCap, the global crypto market capitalization is now sitting at $1.2 trillion and is growing every week.

Additionally, Ethereum’s rise can be attributed to its dominance in the DeFi market, anticipated to continue expanding in the coming years.

These elements point to a bright future for $ETH – and with the $2,000 level fast approaching, Ethereum bulls are gearing up for a positive second half of 2023.

2. Aptos Price Rises 10% As Investors Take Notice

Aptos ($APT) is back in the limelight as the token has surged 10% since Monday morning.

This jump represents a significant appreciation in $APT’s value, which could be attributed to increased investor interest and confidence.

As Aptos provides a decentralized, scalable Layer-1 blockchain characterized by high throughput and low fees, it’s unsurprising that the token is gaining traction.

Per CoinGecko, over $219 million worth of $APT was traded in the past 24 hours, a significant portion of this coming from Korean traders.

According to reports, Korean exchange Upbit saw a huge spike in $APT trading volume, leading to the token being offered at a premium.

The Korean Market’s bullish stance on $APT, combined with its compelling use case, could catalyze further gains in the near term.

Combine this with the positive sentiment felt throughout the global crypto market, and Aptos looks well-positioned to continue its ascent.

3. Wall Street Memes Presale Nears $13m Ahead of Looming Exchange Listings

Wall Street Memes ($WSM) continues to ride high on the wave of investor enthusiasm, with the token’s presale nearing the $13 million mark.

The project’s Telegram community is buzzing with anticipation as members eagerly discuss $WSM’s prospects for the future.

Investor interest in $WSM is palpable and is expected to continue increasing, given that high-profile names like Crypto Jamie and Aaron CryptoNoob have become ambassadors for the project.

Importantly, $WSM is nearing its debut on multiple CEXs, which could result in a significant price surge.

Such listings often widen the investor pool, boosting accessibility and potentially enhancing token value.

As such, all eyes are now on $WSM as it enters the final stages of its presale, with would-be investors still able to buy tokens at a discounted price of $0.031.

Many believe this could be a golden opportunity, given Wall Street Memes‘ robust community backing and meme-driven appeal.

4. New Meme Coin Thug Life Captures Investor Attention & Raises $330,000

Thug Life ($THUG) is also making waves in the meme coin space, having just raised $330,000 through its ongoing presale.

This new token, drawing inspiration from the popular “Thug Life” meme, has attracted significant investor attention, indicating potential for huge growth in the upcoming weeks.

Beyond its meme-style setup, Thug Life offers a compelling tokenomics structure that may further drive its success.

A total of 70% of the total $THUG supply is being set aside for presale investors, while a further 15% will be used for community rewards.

Also, prominent names in the crypto sphere have already started taking notice of the token.

Michael Wrubel, who boasts over 310,000 subscribers on YouTube, released a video detailing why he’s so bullish on $WSM.

With the Thug Life website noting ambitions to hit a $100 million market cap and implement a token burn mechanism, the signs indicate a promising outlook for the future performance of $THUG.

5. BlackRock Refiles Spot Bitcoin ETF Application After SEC Rejection

Finally, in an exciting move, world-renowned asset manager BlackRock has decided to take another swing at securing a spot Bitcoin Exchange-Traded Fund (ETF).

As reported by CoinDesk, BlackRock has opted to refile its application, despite the recent rejection by the US Securities and Exchange Commission (SEC) – showing the firm’s confidence in the cryptocurrency market.

The refiled application also names Coinbase as BlackRock’s partner for surveillance-sharing agreements in the hope that the SEC will give the go-ahead.

If approved, BlackRock’s ETF would track Bitcoin’s price, allowing institutional investors to gain exposure to Bitcoin’s performance without owning the asset itself.

Naturally, this is an enticing prospect for those who want a taste of the crypto market without the complexities of using a crypto wallet and storing private keys.

Although it’s likely that the SEC will stand firm, the continued push from prominent institutions like BlackRock is leading many market commentators to suggest that the regulatory body may reconsider.



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