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CME Announces Micro ETH Futures

Ethereum hits a new all-time high above $4,600

Ethereum prices have hit an all-time high of $4,635 during the Asian trading session on Wednesday morning, according to CoinGecko.

The world’s largest smart-contract network has used weekly momentum to reach a new peak and record a 6% increase on the day. Over the past seven days, ETH has added 10%, and it is up 34% over the past month. At the time of writing, Ethereum prices had cooled off to trade at $4,580.

PrimeXBT partner, “BTCyzantinKs General”, commented that it was unlikely that any tokens would outperform ETH in the next few months.

$ETH making new all time highs while funding rates are low, meanwhile the rest of the market has very high rates.

I think the most important question at this point is “What’s going to beat ETH in the next couple of months?”.

And the answer is likely to be “not much”.

— BTCyzantinKs General (@ByzGeneral) November 3, 2021

Ethereum Fundamentals

A popular analyst believes that Bitcoin could tap a new ATH and suck liquidity out of the rest market, just as it has in past market cycles. The momentum is with Ethereum at the moment as new participants are being added to DeFi and NFTs.

He said that the market pumps in two ways, either BTC and ETH.

“It’s essentially a tech (ETH), versus money (BTC), argument. I’m not saying tech is worth more, I’m just saying the market values the tech more at this point in time.”

Ethereum has dropped in value more than Bitcoin. This means that investors are hoarding ETH to generate DeFi yields. There were many arguments against his assertion, with others saying that rival Blockchain tokens like SOL, AVAXX, DOT and RUNE will outperform Ethereum.

As reported by CryptoPotato, the Ethereum network settled a record $536 billion during Q3, 2021.

Deflationary Economics

Ethereum’s monetary economic model will also keep prices up. Over the past week or so, Ethereum issuance has actually been deflationary because more has been burnt by EIP-1559 than has been mined.

According to the Ultrasound.Money fee burning tracker, 741,000 ETH, has been destroyed since early August. This is equivalent to $3.4 Billion going up in smoke at current prices. At current burn rates, the Ethereum network destroys 15,000 ETH, or $68.7 million, every day.

While central banks continue to print and devalue fiat currencies, deflationary ones based on technology are very appealing.

CME Launched Micro ETH Futures?

The most recent price pump occurred shortly after the Chicago Mercantile Exchange had announced a new ETH initiative. According to a press release from PR Newswire, Micro Ether futures are sized at a mere tenth of the asset’s size. They retain all the benefits and features of CME’s Ether futures.

The product is launched months after CME launched Micro Bitcoin futures. These are sized at one-tenth of the size of BTC. Since May’s launch, more than 2.7 million contracts have been traded. Meanwhile, Ether futures have traded 675 000 contracts since launch, amounting to about 33.8 million ETH.

Both Micro Ether

and Micro Bitcoin Futures allow organizations to fine-tune trading for each cryptocurrency. As both Ether and Bitcoin have recently reached all-time highs, trading each at full value can be rather imprecise.

Tim McCourt, CME Group Global Head Equity Index and Alternative Investment Products.- understands why Micro Ether futures are necessary.

” Since February’s launch of Ether futures, we have witnessed steady growth in liquidity, particularly among institutional traders. At the same time, the price of ether has more than doubled since these contracts were introduced, creating demand for a micro-sized contract to make this market even more accessible to a broader range of participants.”

Micro Ether futures will be settled in cash, according to the CME CME CF Ether Dollar Reference Rate which adjusts every day.


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Crypto Traders Invest $1.5M in 99Bitcoins Token Presale – Here’s Why It Could Explode

Crypto traders are going wild over a new project on Ethereum – 99Bitcoins Token.

This project has already raised over $1.5 million before its official launch.

With a unique “Learn-to-Earn” model and plans to bridge to the new BRC-20 standard, many believe 99Bitcoins Token (99BTC) could shake up the crypto education space.

99Bitcoins Token Transforms Crypto Education into a Learn-to-Earn Experience

99Bitcoins is one of the go-to platforms for new crypto investors looking to cut through the noise and learn the fundamentals.

Yet the platform is taking things to the next level with the launch of 99BTC.

This ERC-20 token is at the core of 99Bitcoins’ Learn-to-Earn model.

Instead of just passively reading articles, users can interact with courses, quizzes, and other activities.

Doing this will reward them with 99BTC tokens for improving their crypto knowledge.

It can be thought of as a gamified crypto education experience.

For example, a user could complete a module on technical analysis, ace the final quiz, and earn 99BTC as a reward.

Or they could dive into content on the DeFi space, with 99BTC tokens dished out along the way.

The possibilities are endless for turning crypto learning into earning with 99Bitcoins Token.

Their well-established brand is evolving from just simplifying crypto to actively incentivizing an entire community.

And with almost 20,000 Twitter followers, the excitement for this new approach to crypto education is clear.

99BTC Presale Raises $1.5M as Investor Demand Soars

The presale for the 99Bitcoins Token is in full swing, with over $1.5 million in funding already raised.

This level of demand highlights the hype that’s building for 99Bitcoins’ Learn-to-Earn platform.

After the presale ends, the developers will proceed with DEX listings to provide initial liquidity.

But the bigger milestone will be securing listings on major CEXs – which the developers hope will occur in Q4 2024.

One key advantage for those who invest during the 99BTC presale is access to the platform’s staking program.

Presale buyers can stake their 99BTC right away to earn yields as high as 1,125% per year.

As an example, if someone were to 10,000 99BTC tokens, they could earn over 112,000 additional tokens.

Although the yield will decrease as more tokens are staked, it presents a pathway for investors to generate passive income while improving their crypto skills.

This combination of passive income potential and educational value is proving to be attractive for investors.

Huge Airdrop Campaign & BRC-20 Bridge Fuel 99Bitcoins Token’s Growth

So, could 99BTC really explode after hitting the open market?

The signs seem to be pointing to yes.

For one, the development team has added to the buzz by launching an airdrop campaign that will give away $99,999 worth of BTC to early community members.

This shows their commitment to rapidly growing the 99BTC user base.

Even more exciting is the team’s plan to eventually bridge from Ethereum to Bitcoin as a BRC-20 token.

As the first crypto education project to leverage this new token standard, 99Bitcoins Token could position itself as a first mover in the space.

This ties into what might be 99Bitcoins Token’s biggest catalyst – the fact that no project has emerged as the “go-to” educational platform for crypto.

Despite a growing need for quality learning resources, the space still lacks an all-in-one hub for learning.

99Bitcoins could be that hub.

With an established brand, disruptive Learn-to-Earn model, and cross-chain vision, 99Bitcoins is well-positioned to fill the market gap.

And with 99BTC tokens priced at just $0.00106 during the current presale stage, there’s a growing sense that this could be a golden opportunity for investors.

Visit 99Bitcoins Token Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.


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