- Between January 8 and 10, ETF analysts announced that spot Bitcoin
ETFs could be approved by the SEC.
- According to some sources, the SEC is trying to prepare companies for January 11. In this case, spot Bitcoin ETFs could receive collective approval.
- The Hapiankh (APIS) token project launched on January 6 quickly gained massive profit rates, causing a shock effect among investors.
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Reviewing the performances of tokens in the first week of 2024: How did tokens perform this week? Which token surprised investors with its performance?
Performances in the First Week of 2024
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The Bitcoin market, starting 2024 with high hopes, is struggling to gain enough momentum as the decision date for ETFs approaches. Between January 8 and 10, ETF analysts announced that spot Bitcoin ETFs could be approved by the SEC. In a previously published report, approval was expected between January 2 and 3.
However, the predictions in the reports did not come true, and companies updated their spot Bitcoin ETF applications and resubmitted them to the SEC. According to some sources, the SEC is trying to prepare companies for January 11. In this case, spot Bitcoin ETFs could receive collective approval.
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Meanwhile, the Bitcoin price has been trading with a 4.3% increase since January 1. The BTC price is currently at $44,150. During the first week of January, it managed to rise to $45,879.
APIS Token Performance
The Hapiankh (APIS) token project, launched on January 6, quickly gained massive profit rates, causing a shock effect among investors. The Hapiankh project, which is currently managing the presale process, continues to attract the attention of investors.
The APIS token price is currently at $8.62, showing an increase of approximately 7000% in the last 24 hours. The APIS token price chart seen below indicates that the token performance has made strong progress. Source: DEXScreener
APIS represents a groundbreaking development in the cryptocurrency world, especially within the Solana network. This project aims to revive the meme coin market by allowing users to stake and create various meme tokens. The economic model of APIS is shaped around the staking mechanism. Users produce APIS tokens by staking Solana. To participate in the ongoing presale event of APIS and become an early investor in APIS tokens, click here.
SOL and ETH Price Performance
Apart from Bitcoin, significant volatile movements were observed in Ethereum and Solana prices. Starting the year at $2281, ETH is currently trading at around $2242, approximately 2% lower. ETH rose to $2431 but failed to hold, experiencing a decline to $2100 this week.
SOL token started the year above $101 but is currently trading around $94 with an approximately 8% decrease. The SOL price rose above $116 at the beginning of the year but fell to $85 with the overall market decline.