Cryptocurrency prices were quite mixed on Monday, with Bitcoin stubbornly above the key support level of $90,000. Hedera Hashgraph (HBAR) token rose to a high of $0.1490, its highest since April 24th and 256% above this month’s low.
Similarly, Citizen (CATI), the popular Telegram game, rose for the fourth day in a row, hitting a high of $0.70, its highest price since September. In particular, investors continue to focus on Vantard, an upcoming cryptocurrency that aims to create a memecoin index fund.
Why Hedera Hashgraph and Katizen soared
The Hedera Hashgraph token soared after a major company filed for a spot HBAR ETF in the US. This application takes advantage of the recent election of President Donald Trump, which is likely to usher in a new era for the cryptocurrency industry.
Unlike Joe Biden, Trump is no stranger to the game and has expressed support for the cryptocurrency industry. Therefore, the SEC could approve new crypto ETFs at a faster pace next year.
Hedera Hashgraph is considered an ideal candidate for an ETF due to its use case and the fact that it counts influential companies such as Google, Mondelez, and IBM as members of its governance council.
The main problem with Hedera is that its volume is often low and does not attract many developers to its ecosystem. Therefore, even if ETFs are approved, it is unclear whether they will gain popularity among institutional investors.
Citizen, on the other hand, is a top player in the tap-to-earn ecosystem, which has grown rapidly in recent months. As shown below, the pullback was mainly due to technicals as it had formed a descending wedge pattern before the return. The token could soar to an all-time high of $1.2, about 60% above current levels.
Vantard token sale is accelerating
Meanwhile, investors have shifted their focus to Vantard, a popular crypto project that is undergoing a token sale. Vantard has raised more than $844,000 from investors, and this trend is likely to continue as meme coins soar.
Vantard is based on the idea that meme coins do well over time. Recent data shows that meme tokens such as Dogecoin, Floki, and Dogwifhat have outperformed major cryptocurrencies such as Bitcoin and Ethereum.
Vantard's strategy is to create a meme coin index fund that tracks the largest and most promising tokens in the industry. So instead of investing in all these coins, you can buy VTARD tokens and get exposure to some of the best coins.
Developers hope their tokens will grow as President Trump seeks to simplify cryptocurrency laws and the Federal Reserve is expected to continue lowering interest rates through 2025. Click here for Vantard.
