Events on the crypto market are happening rapidly. A look at the top 100 largest cryptocurrencies by market capitalization shows coins that have more than doubled their value week after week. The fact that the bull market is back can no longer be denied. Even if prices are currently almost exclusively rising, it can be worthwhile to follow the news on the market in order to position yourself accordingly. A lot will happen again next week.
ECB interest rate decision
The development of key interest rates in the USA and Europe is an important factor that investors are monitoring closely. Although the interest rate development in the USA has a greater impact on the crypto and stock markets, a reduction in interest rates in Europe could also lead to investors’ risk capital being relaxed again, which would mean that more capital could flow into the crypto market again. On March 7th, the ECB will decide how to proceed with interest rates.
(Development of key interest rates in the Eurozone – source: Statista)
Inflation in Europe is slowly but surely approaching the target value of 2%, which is likely to lead to the first interest rate cuts sooner or later. In the USA it is also assumed that key interest rates will be lowered several times during the year, which should have a positive effect on the crypto market.
Development of spot Bitcoin ETFs
Another key factor worth keeping an eye on is the performance of spot Bitcion ETFs in the US. Especially after the weekend, the numbers from exchange-traded funds can give a sense of whether the bullish mood in the market will continue. If there were another week as strong as this one, a new all-time high for Bitcoin would already be conceivable.
The sums that are poured into the market day after day via spot Bitcoin ETFs exceed all expectations. Never has an exchange-traded fund reached $10 billion in assets under management faster than BlackRock’s Spot Bitcoin ETF. If things continue at this pace in the next few weeks, the Bitcoin price target of $100,000 is likely to be reached faster than most experts assume.
Meme Kombat presale ends
If you look at the top 100 largest cryptocurrencies, you will quickly see that meme coins were the big winners this week. With Dogwifhat and FLOKI, two new coins have broken the billion dollar mark and brought in profits of hundreds of percent within a week. Meme Kombat creates a battle arena in which the characters of the most popular meme coins compete against each other in AI-generated battles, whereby the community can bet on their favorite with $MK tokens.
Find out more about Meme Kombat now.
(Meme Kombat Battles – Source: Meme Kombat)
The $MK tokens are currently still available for pre-sale, but the time window closes in less than 48 hours, so interested parties don’t have long to get in on the crypto exchanges before the listing. Due to the current hype surrounding meme coins, experts expect that the popularity of Meme Kombat will skyrocket as soon as the first battles start here after the pre-sale.
With the first battle season starting as soon as the presale is complete, $MK could see a price explosion as early as next week. During the pre-sale, over 10 million dollars were sold with $MK tokens and an X-community of almost 20,000 followers was built. With the launch of the battles, some of the followers of the most successful meme coins are likely to become aware of $MK, which could make Meme Kombat one of the most successful meme coins this year.
Buy $MK in the presale now for a limited time.
Price increase for Scotty the AI
Scotty the AI ($SCOTTY) is a mix of meme and AI coin that is currently still available for pre-sale. Demand exploded during presales, with investors purchasing over $1.6 million worth of tokens within a very short period of time. Early buyers have the great advantage that the price is increased several times before it is listed on the crypto exchanges, which results in a book profit until the launch. Scotty impresses with a token swap function that uses artificial intelligence to always enable transfers under the most favorable conditions and its own language model that can analyze smart contracts and educate users about blockchain technology.
Visit the $SCOTTY website now.
(Scotty the AI – Source: Scotty website)
The next price increase will take place when the countdown on the website ends or the interim target of $1.972 million is reached. Although the countdown still shows 8 days, the high demand in the last few days suggests that the price is more likely to be raised in the next 3 days, as $SCOTTY tokens worth over $100,000 are now being purchased every day. This is also the reason why many analysts suspect that the $SCOTTY price can increase by more than 10 times after listing on the crypto exchanges.
Get in now and buy $SCOTTY in the presale.
Note: Investing is speculative. Your capital is at risk when investing. This website is not intended for use in any jurisdiction where the trading or investing described is prohibited and should only be used by persons and in a manner permitted by law. Your investment may not be eligible for investor protection in your country or state of residence. Therefore, do your own due diligence. This site is free to use, but we may receive commissions from the companies we feature on this site.