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The crypto market has endured a sharp selloff this week as investors begin to take profits after a bull run. Top layer-1 blockchain projects Solana (SOL) and Avalanche (AVAX) were among the biggest losers, dropping over 9% in the past 24 hours alone.
However, not all cryptocurrencies are falling off the cliff. This article will look at five altcoins that investors can consider before the uptrend continues.
1. Bitcoin ETF Token
Bitcoin ETF Token is a project on Ethereum that allows investors to speculate on the potential impact of a spot Bitcoin ETF launch in the U.S.
The project’s tokenomics aligns with key ETF approval milestones; when these milestones are achieved, a portion of the total supply will be burned.
Up to 25% of the BTCETF supply is expected to be destroyed across five milestones, such as when the SEC officially approves a spot Bitcoin ETF.
Given the growing interest in DeFi and crypto derivatives trading, Injective’s status makes it a potentially valuable asset for investors seeking to benefit from the market’s dip.
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