Bitcoin ETF Approved As A BTC-Challenger on Ethereum-Blockchain Skyrockets In Token Presales

The US SEC has finally approved spot  Bitcoin ETFs [exchange-traded funds].  It will allow select investment agencies to begin the free trade of Bitcoin.  

The long-awaited news could send the founding crypto coin’s price of today, US$46292, to US$100,000 by the end of 2024. At least this is what many crypto gurus predict for the $BTC value now that it’s legitimized in the United States of America for on the spot exchange-traded funds.

Though this sounds good, there’s still one huge issue with Bitcoin today.  It has the worst blockchain fees of all cryptocurrency blockchains.     The average traders in 2024 lost $39 per trade per reports and the record for highest transaction fee ever was god-awful ugly to any investor — $3,100,000.   And yes, that is millions of dollars for a transaction.

Bitcoin ($BTC)  vs Mollars ($MOLLARS): Battle of the Blockchain Fees

On the heels of launching a token presale, the crypto world’s #1 blockchain has a solution for the Bitcoin problem now.  And this “Bitcoin Killer” may create leeway for an Ethereum ETF next.

The Mollars Initial Coin Offering is red-hot with crypto investors currently.   It’s a store-of-value token just like Bitcoin but with less fees, because it is on the Ethereum-blockchain instead of the Bitcoin-blockchain.      Any trader looking for the features of the coin, $BTC, will soon be able to save money by buying the $MOLLARS token instead.  The Rival blockchains, now have equal rivalship in the ‘store-of-value’ crypto niche.

Selling over  nearly 8500 tokens per hour in the last 48 hours, per sources,  crypto investors believe that the Ethereum-blockchain based Mollars token could revolutionize where over 250 million cryptocurrency traders are putting their funds for store of value.  After all, if “Mollars saves dollars,” it does not take a genius to understand that smart money will keep their money in the lower fee option.

Mollars Token Presale Transactions Point to Parabolic Future

Since the new year of 2024 began the ICO stats have shown over a US$175,000 growth in funds raised.   This displays that the crypto world is in agreement that a lower fee version of Bitcoin is highly valued and will be an in-demand product as soon as it is released to the public.  Expecting the demand, crypto sharks down to shrimps have been feasting on $MOLLARS discounted presale tokens, looking for ROI yields on their smart investment.

Goliath ROI Yields Predictions: +10,000% to +9,500,000%

Cryptocurrency analysts published on various sites and even a syndicated report on Coinmarketcap suggest that the “new Bitcoin for the Ethereum-Blockchain” could rise as high as +10,000% short term.   

Long-term holders, if a wildcard prediction comes true, could see +9,500,000% ROI yields in a decade if $MOLLARS ICO token price follows the same trajectory as the $BTC’s 2011-to-current data.

Bitcoin ($BTC) Predicted To Double In Value After ETF

The rivalry is fierce between Bitcoin-blockchain and Ethereum-Blockchain and this new store-of-value token could be a huge sway in favor of the Ether world.  The Bitcoin ETF could double the price of the $BTC but the days of making even +5000% with Bitcoin may already be gone.  That makes the initial coin offering all the more appetizing to crypto whales, sharks, octopuses, fish, dolphins, crabs, and shrimp.

As for the ETF approval,  it could help push the price of the $BTC native coin to US$100000, a little more than double today’s price.  Still a stellar ROI yield for investors.

Even after the approval however, SEC chairman Gary Gensler had a warning nonetheless to give about the spot Exchange-Traded Funds for the world’s first cryptocurrency. 

“While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto,” he wrote.

This could thwart the amount of growth Bitcoin experiences overnight but long-term, the warning is likely to fade out of memory.

And while the ICO appears to be giving far greater ROI yields to investors in the immediate future, perhaps Bitcoin too could once again see a parabolic future.

Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.