As the cryptocurrency industry keep preparing for a bull market, major rises in ERC-404 standard tokens have started to show up, after the success of meme currencies based on Solana. In 11 hours, a cryptocurrency investor made a profit 30 times on just one ETH investment.
Cowen examined Ethereum’s historical average monthly return on investment (ROI). His analysis suggests that the third quarter, the summer months, may not be the best time to accumulate or hold ETH. Instead, historical data suggests that the best periods to accumulate Ether are late in the fourth quarter or early in the first quarter.
The number of companies awaiting Ethereum futures ETF approval from the US Securities and Exchange Commission (SEC) has reached 6. On August 1, 5 companies filed Ethereum futures ETF applications with the SEC, according to Eric Balchunas, chief ETF analyst at Bloomberg, citing James Seyffart,
Mike Novogratz, founder of digital asset management company Galaxy Digital, recommended Bitcoin, Ether, Alibaba stock and gold and silver for a $100,000 investment. Novogartz also stated that this recommendation is more suitable for young people with a high risk threshold.