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Altcoins Price Prediction for 2024 – CoinGape

December 31, 2023 | Author: admin

The crypto market is known for its volatility and altcoins play a crucial role in this dynamic ecosystem. As we look ahead to 2024, predicting the price movements of altcoins becomes a speculative exercise based on various factors such as technological advancements, market sentiment, regulatory developments, and macroeconomic trends.

In this article, we will explore some key altcoins and offer predictions for their potential performance in 2024.

Ethereum has a very robust legacy in the crypto industry, ranking next only to Bitcoin, and boasts of a market capitalization of $275,825,443,724.

While Ethereum has faced enormous criticism from top market analysts this month, its legacy as the first and biggest smart contract network can fuel a major increment in its adoptionand ultimately price shortly.

With its thriving ecosystem, Ethereum maintains a price target of $3,500 by the end of 2024.

If Polkadot, currently trading at $7.97 successfully positions itself as a hub for cross-chain communication, analysts predict its value may climb to $8.37 next year. The plans to sunset parachain auctionson the Polkadot network could be a key driver for DOTs price in 2024.

On the weekly time frame, Polkadot is currently trending bullish with the 50-day moving average currently sloping up and below the current Polkadot price, which could act as a support the next time it interacts with it.

Solana has gained prominence for its high output and low transaction costs. Notably, Solana is back on the rise after flipping the resistance at $70 and turning it into its medium-term support. The protocols growth came despite exposure to the bankrupt exchange FTX and the accompanying selloffs.

The well-acclaimed Ethereum killer has steadily climbed in value this year, reaching a yearly high of $96.69 after plummeting to $8 following the crash of FTX.

Solana has seen 17/30 (57%) green days and 12.15% price volatility in the past 30 days and if the Solana ecosystem continues to attract developers and projects, analysts project that SOLs price could climb to $150 in 2024.

XRP, which is closely associated with Ripple Labs Inc has increased 68% in the last year and is currently trading at $0.622 as of the time of writing.

XRPs bullish resurgence started with Ripples landmark win against the US Securities and Exchange Commission (SEC) in July. Although the case is likely to be resolved in 2024, the historical victories Ripple has had against the SEC show that the coin has a bright future.

Based on past XRP price movements and BTC halving cycles, the yearly low XRP price prediction for 2024 is $ 0.423835. Meanwhile, the price of XRP is expected to reach $ 1.707555 next year if the expected market boom truly emerge

Chainlink, with a market cap of $8.76 billion, has performed remarkably well in the 2023 market rebound. It presently ranks 13th in terms of market capitalization in the crypto industry. However, LINK prices are 70% lower than their all-time high of $54.40.

The token, native to one of cryptos most sought-after Oracle protocols, is trading at $15.42 at the time of writing. The recent increase in LINK price suggests a bullish breakout of a rounding bottom pattern in the daily chart, with a target of $16.56.

As projected, if LINK price rises above $20, the released trapped momentum will enhance the altcoins value. The breakout rally, combined with the highly anticipated altcoin season of 2024, will drive LINK prices to a new all-time high of $60. However, if there is a decline in mid-2024, a retest to $20 is also possible.

Chainlink has the right fundamentals and adoption spree to record the projected $60 price target.

Avalanche has had a stunning reversal after rising to new heightswith a promising start in 2023. The coins price, currently trading at $44.97 is a major showcase of resilience seeing AVAX drop as low as $9.11 for the year

While the current scenario for AVAX shows anything is possible, a more shiny silver lining is ahead. If the market starts a bullish cycle, the AVAX coin price might rise. In this case, AVAX can swing high to $80 by the end of 2024. This would be a big comeback and a source of hope for investors.

In contrast, if the market remains dominated by sellers and bearish sentiment persists, AVAX may experience additional downward pressure. If that were to happen, the coins price might plummet to a dangerous low of $22.

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These 3 Lesser-Known Altcoins May Increase in January 2024 – BeInCrypto

December 31, 2023 | Author: admin

Bitcoin (BTC), large and lesser-known altcoins experienced substantial growth in December, with many altcoins achieving new yearly or all-time highs.

This analysis by BeInCrypto focuses on lesser-known altcoins exhibiting bullish patterns, suggesting the potential for significant gains in the coming month. The examination specifically targets coins ranked between 150th and 300th in market capitalization.

The RSR price had fallen under a descending resistance trend line since April 2021. The decrease led to a low of $0.0016 in August. The price began an upward movement afterward and broke out from the trend line in October. At the time of the breakout, the trend line had been in place for 924 days.

Traders utilize the Relative Strength Index (RSI) as a momentum indicator to assess whether a market is overbought or oversold and whether to accumulate or sell an asset.

If the RSI reading is above 50 and the trend is upward, bulls still have an advantage, but if the reading is below 50, the opposite is true.

The weekly RSI legitimizes the breakout since the indicator moved above 50 (green icon) while the price broke out.

If the altcoin continues its ascent, the price can increase by 200% to the next resistance at $0.0100.

Despite this bullish RSR price prediction, a close below the minor support at $0.0025 will invalidate the breakout. If that happens, RSR can fall by 50% to the closest support at $0.002.

Read more: Reserve Rights (RSR) Explained For Beginners

The SNT price had fallen under a descending resistance trend line since the start of 2021. The decrease led to a low of $0.018 in December.

Afterward, the altcoin began a slow upward movement and broke out from the trend line in October 2023. At the time of the breakout, the trend line had been in place for 900 days.

Similarly to RSR, the RSI legitimizes the upward movement by breaking out above 50 (green icon).

After the breakout, the altcoin reclaimed the $0.041 horizontal area, validating it as support last week. If the upward movement continues, the price can increase by 150% and reach the next resistance at $0.115.

Despite this bullish SNT price prediction, a close below the $0.041 level will invalidate the increase. Then, SNT could fall 50% to the closest support at $0.022.

Read More: 9 Best AI Crypto Trading Bots to Maximize Your Profits

COM is a BRC20 token, a narrative that enjoyed significant success this year with the Ordinals (ORDI) and SATS increases.

In December, COM made six unsuccessful attempts at breaking out from a descending resistance trend line (red icon). Since trend lines get weaker each time they are touched, an eventual breakout from the trend line is expected.

This is further supported by the COM price moving above the $3.60 horizontal area and the RSI above 50 (green icon).

If a breakout occurs, the COM price can increase by 60% to the next resistance at $6.10, close to the all-time high of $7.20.

Despite this bullish COM price prediction, a close below $3.60 will invalidate the possibility of a breakout. Then, COM can call by 20% to the closest support at $3.

Read More:What Are BRC-20 Tokens?

For BeInCryptos latest crypto market analysis,click here.

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.

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3 Altcoins Poised to Outperform Bitcoin (BTC) in January 2024 – BeInCrypto

December 31, 2023 | Author: admin

These three altcoins show bullish patterns compared to Bitcoin (BTC) and have the potential to outperform it in January 2024.

Despite Bitcoin experiencing significant growth in the second half of 2023, these altcoins demonstrate even more favorable price trends. Is it possible for them to exceed the gains observed in BTC during January 2024?

The AXS price had fallen under a long-term descending resistance trend line since October 2021. The decrease led to a low of 13,400 satoshis in October 2023.

The AXS price has increased since and broke out from the resistance trend line last week. At the time of the breakout, the trend line had been in place for more than 800 days. With the RSI as a momentum indicator, traders can determine whether a market is overbought or oversold and decide whether to accumulate or sell an asset.

Bulls have an advantage if the RSI reading is above 50 and the trend is upward, but if the reading is below 50, the opposite is true. The weekly RSI supports the breakout since the indicator moved above 50 (green icon) the same week the price broke out from the trend line.

After the breakout, AXS reached the minor resistance at 24,500 satoshis and fell slightly. If it breaks out, the price can increase by 145% and reach the next resistance at 60,000 satoshis.

Despite this bullish AXS price prediction, failure to close above the 24,500 satoshi resistance area can trigger a 30% decrease to the descending resistance trend line at 16,000 satoshis.

Read more: Axie Infinity (AXS) Explained for Beginners

The BNB price has fallen under a long-term descending resistance trend line since November 2022. The decrease led to a low of 0.0051 in December.

BNB began an upward movement afterward and is now breaking out above the resistance trend line. While the altcoin reached a high of 0.007 and moved above this trend line, it has not reached a close above it yet, which will confirm the breakout.

Also, the RSI is increasing, has broken out from its resistance (green), and has moved outside of its overbought territory. However, it has not increased above 50 yet.

If the breakout continues, BNB can increase by another 25% and reach the next resistance at 0.0088.

Despite the bullish BNB price prediction, a close below the trend line will invalidate the breakout. Then, BNB can decrease by 25% to its December low of 0.0051.

Read More: How to Buy BNB and Everything You Need to Know

The final altcoin that could outperform Bitcoin is ARB. Similarly to the other two, the ARB price broke out from a descending resistance trend line last week.

The breakout preceded a bullish divergence in the weekly RSI, legitimizing the upward movement.

After breaking out, ARB reached a high of 3,350 satoshis before falling slightly. In any case, the price did close above the resistance trend line.

If the upward movement continues, ARB can increase by another 15% and reach the next resistance at 3,700 satoshis.

Despite this bullish ARB price prediction, a close below-the-trend line can lead to a 20% decrease to the closest support at 2,600 satoshis.

Read More:What is Arbitrum?

For BeInCryptos latest crypto market analysis,click here.

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.

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Crypto market outlook: key developments to consider in January week one (2024) – InvestorsObserver

December 31, 2023 | Author: admin

2023-12-31 04:39:31 ET

Bitcoin (BTC) hovered at the $42K vicinity during this publication. Meanwhile, the significant dip in open positions suggests an upcoming volatility wave. Market participants have likely sold the potential spot exchange-traded fund approval news.

That has seen the altcoin market slowing down. Meanwhile, what should we expect from the digital assets sector in the upcoming week?

The week opens with the New Year Holiday, and Optimism (OP) and DYDX could dominate alt trends as they intend to unlock $1.23M and $100M in tokens, respectively.

The United States will announce the US Manufacturing PMI on 2 January. Analysts expect a lower number of 48.2 from the previous 49.4. Further, Reuters suggest that a notice for the spot BTC ETF might come on Tuesday or Wednesday.

Investors will check how the market reacts to the Fed Minutes, Turkey inflation, US JOLTS, and SUIs $27.95M unlock on 3 January. Meanwhile, US ADP, unemployment claims, and services PIM will come out on Thursday.

The week will close with Eurozone Inflation data, US hourly earnings, US NFP, and the United States unemployment rate.

Possible ETF notice in the coming week remains vital in setting the tone for the market early in 2024. Also, Wednesdays Federal minutes could signal a shift from what the regulator did in early 2022. Investors should watch Fridays US employment data as it will be crucial in determining the potential rate cut by the Federal Reserve.

Meanwhile, experts trust the cryptocurrency market will flourish in the upcoming year.Analyst Michael van de Poppe stated that a spot BTC exchange-traded fund approval would be a vital development for digital coins.

He sees Bitcoin flying swiftly to the $48,000 $52,000 range before recording range-bound and sideways price movements until it claims new all-time highs in 2024. A Bitcoin run to ATH will mean explosive surges in the altcoin market.

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Top 10 Stories on Cloud Computing in 2023 – Data Center Knowledge

December 31, 2023 | Author: admin

The cloud computing landscape has seen a raft of new product and service announcements this year. In addition, efficiency, costs, and sustainability have been at the center of conversations on private data centers and public clouds for enterprises. Here are Data Center Knowledges top 10 cloud computing stories of 2023:

Steven Hill took a virtual tour of Microsoft data centers and shared his takeaways. Microsoft seems to be taking a reasonable approach to AI and appears to offer a flexible range of services and GPU-based resources that can be scaled to meet the best combination of price, performance, and results for practically any customer use case.

Related: Understanding the Cloud Lifecycle: When to Go, When to Return

HPE is launching an AI supercomputer cloud service, HPE GreenLake for Large Language Models (LLMs), that will enable organizations of all sizes to pursue AI projects without the cost and complexity of having to buy, install, and manage AI-specific hardware. It also announced a raft of new services, including the addition of private cloud offerings in Equinix, HPE data center switches to its network-as-as-service offering, and OpsRamp.

To reduce costs and operate more efficiently, enterprises are looking at different virtualized computing alternatives for running applications in the cloud, including virtual machines (VMs), containers, and serverless platforms. To decide which technology is best, several factors must be considered, although generally, VMs are for compatibility, containers for flexibility, and serverless for efficiency.

Related: Container Security in the Cloud: Understanding Concepts and Requirements

Colocation providers offer IaaS solutions that can be great alternatives to public cloud IaaS solutions. But whether you should turn to a colocation company to meet your IaaS needs depends on factors like how much control you need over your infrastructure, how much youre willing to pay, and which types of monitoring and support services you need.

At its VMware Explore conference, the company announced new software and cloud services that make it faster and easier for enterprises to go multicloud and build new cloud-native applications. This article will take you through some of the newly introduced products.

Choosing bare-metal servers in the public cloud is fast, easy to launch, and offers greater flexibility, but it provides less control over how infrastructure is set up. The main reason to deploy a bare-metal server in a private data center is that it gives full control over how servers are configured. Therefore, organizations must consider whether convenience and flexibility should be prioritized over control, performance, and cost optimization.

Cloud computing trends mean that OpenStack, whose popularity peaked in the mid-2010s, could see a resurgence of interest. Multi-cloud architectures have gone mainstream and there is a growing cloud repatriation trend meaning that OpenStack, an open source infrastructure platform designed to construct private clouds, could see increased adoption over the next few years. You may not hear much about OpenStack these days, but it remains very active and its future may be even brighter than at any point in the past decade.

Instead of comparing data centers to the cloud in a binary fashion, the IT industry should focus more on understanding the nuances surrounding both private data centers and public clouds. This article explores the differences between both types of solutions and demonstrates that they are not as unlike in many respects as they may appear at first.

This article explores the sustainability of the cloud and on-prem. Generally, the cloud yields lower total energy consumption than hosting workloads on-prem or in private data centers. However, to establish whether this is the case for your specific workload, you should consider where your hosting facilities are located, their size and energy consumption, and how your workloads are configured.

The cloud cost optimization and management tools market is booming, and it can be hard to decide which solution is best suited to a given organizations needs. This buyers guide looks at 14 leading tools and compares a core set of featuresfor example, if they offer automated savings recommendations and whether they work across multiple cloudsto help you decide which is right for you.

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BlackRock Authorizes JPMorgan as a Participant For Bitcoin ETF – Watcher Guru

December 29, 2023 | Author: admin

BlackRock officially named JPMorgan as an authorized participant for its pending Spot Bitcoin ETF. Upon any approval by the SEC, JPMorgan Securities and Jane Street Capital will be among the first financial firms to begin working with Bitcoin shares for investments.

JUST IN: BlackRock names JPMorgan as an authorized participant for its Spot #Bitcoin ETF.

Also Read: Chainlink: Pink Drainers $4.4M Crypto Raid Sparks Industry Alarm

In the latest amendment to its S-1, BlackRock brought itself to the starting gates for the Spot Bitcoin ETF race. Investors have long pursued a spot BTC ETF in the US. The Securities and Exchange Commission, fortunately, is expected to approve the first one as soon as January 2024.

The SEC has long pushed back its decision on Bitcoin ETF approval in the US, citing multiple concerns. However, US courts have put pressure on the regulator to make a decision, raising the hype around the entire crypto market, specifically Bitcoin

Also Read: Spot Bitcoin ETF To Increase Institutional Funding: Goldman Sachs

BlackRock itself has met with the SEC several times in the past months, applying more pressure for Bitcoin ETF approval. Back in October, BlackRock became the first Wall Street firm to utilize JPMorgans blockchain-based collateral settlement system. With this existing relationship with BlackRock, JPMorgan will likely be one of the first bank choices to implement Bitcoin ETFs in everyday banking with its clients.

At press time, Bitcoin is trading at $42,065.54. It is down in the last 24 hours, but following the BlackRock and JPMorgan news, BTC price saw a slight recovery back over $42,000 after being as low as $41,800 just hours earlier.

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Bitcoin spot ETF approval could be a ‘sell the news’ event: CryptoQuant – The Block – Crypto News

December 29, 2023 | Author: admin

According to a recent report by CryptoQuant, the potential approval of a spot Bitcoin ETF could become a "sell the news" event.

To support this assertion, CryptoQuant analysts pointed to data that showed bitcoin market participants are currently sitting on high unrealized profits after the digital asset's rally above the $40,000 mark. "Short-term bitcoin holders are experiencing high unrealized profit margins of 30%, which historically has preceded price corrections," the report said.

CryptoQuant analysts added that bitcoin miners are also experiencing high unrealized profits, which could also contribute to BTC sell pressure. "We are seeing increasing miner selling in the last few weeks as prices remain above $40,000," the report added.

Bitcoin price correction is usually preceded by an increase in the BTC price and in miner transaction fees.

According to the analysts, during corrections in bull markets, the price of bitcoin tends to retrace to the short-term-holder realized price. Considering this, the report added that in a "sell the news" scenario the bitcoin price could decline, potentially reaching as low as $32,000.

Bloomberg Intelligence analysts are assigning 90% odds of a spot bitcoin ETF approval by the U.S. Securities Exchange Commission in the first quarter of 2024.

Year-to-date gains for bitcoin are currently above 155%, with the digital asset's rise being mostly fueled by optimism that the SEC is getting ready to approve one or more of the spot bitcoin ETF applications that have been filed with the regulatory body. More than a dozen firms including BlackRock, WisdomTree, and Valkyrie are waiting for the green light from the SEC.

The world's largest digital asset by market capitalization is now changing hands for $43,119 at 6:50 a.m. ET, according to The Block's Prices Page.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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ARK Invest kicks off Bitcoin ETF ‘amendment-athon’ ahead of deadline – Cointelegraph

December 29, 2023 | Author: admin

ARK Invest has become the first to file its final Form S-1 amendment for its proposed spot Bitcoin (BTC) exchange-traded fund (ETF) ahead of a reported United States Securities and Exchange Commission (SEC)-imposed deadline understood as a requirement to be considered in the first wave of decisions in January 2024.

According to an earlier report, officials from the SEC met with representatives of at least seven firms on Dec. 21, setting a deadline for applicants to file their final S-1 amendments by Dec. 29.

Regulators reportedly told attendees at the meetings that any issuer that doesnt meet the deadline will not be part of a first wave of potential spot Bitcoin ETF approvals in early January.

According to an SEC filing, ARK Invest filed an amendment to the S-1 registration statement for its Ark 21Shares Bitcoin ETF late on Dec. 28.

Bloomberg ETF analyst Eric Balchunas said that the amendment was centered around authorized participants.

On Dec. 19, Arkrevised its application with a change to cash creations and redemptions for shares in the fund.This was in line with other issuers who had to bend the knee to cash creations.

Fellow Bloomberg ETF analyst James Seyffart saidearlier that he was surprised not to have seen any amended Bitcoin ETF filings yet. Balchunas commented that others may wait until the last minute because they dont want to show their competitors the amendments.

More than a dozen firms are vying for an approved spot Bitcoin ETF, with more amended S-1 filings expected to be submitted in the coming 24 hours.

Related: Bitcoin ETF issuers push 3 crypto ads in 48 hours

Remarking on the flurry of activity leading up to the anticipated launch of spot Bitcoin ETFs in January, ETF Store president Nate Geraci said:

Magazine: First digital yuan wallet seizure, Chinas $10B Web3 fund, Starbucks NFTs: Asia Express

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Stars are aligned for bitcoin in 2024: A supply cut and potential ETF demand could lead to record highs – CNBC

December 29, 2023 | Author: admin

If you've been following bitcoin's developments over the past few months, it might seem like a given that the cryptocurrency is "set to moon" in 2024. First of all, it is widely believed that the U.S. Securities and Exchange Commission will let a spot bitcoin exchange-traded fund, or several, launch in the U.S. as soon as January . Then, the Bitcoin halving is expected to take place in the spring, and that event historically has marked the beginning of a bull run and new cycle in bitcoin. Plus, Fed officials are anticipating at least three interest rate cuts in 2024 after almost two years of hikes that have hurt the cryptocurrency. Indeed, most investors and analysts agree the setup for next year is very positive perhaps overwhelmingly so with bitcoin on track to end 2023 up 150% with some even anticipating an all-time high. "Bitcoin's prior all-time high was [about] $69,000. We don't think that bitcoin will just breach that and then settle down. We expect some price discovery following the breakthrough and think at least 15% higher is within reach" in 2024, Ryan Rasmussen, an analyst at Bitwise Asset Management, told CNBC. "There will be an influx of demand following the launch of a spot bitcoin ETF and new supply will begin to fall in April or May," he added. "Plus, if the Fed cuts interest rates at all, that's another significant tailwind that's just icing on the cake." On Tuesday, Ark Invest's Cathie Wood told CNBC's "Crypto World" she also thinks the "institutional push into bitcoin will be quite significant to the price" and that "in our price expectations going forward, the biggest contributor is institutions." It might not be as easy as that. Already, some on Wall Street are concerned those kinds of expectations for institutions are overinflated and that a bitcoin ETF alone may not convert "nocoiners " (crypto slang for a person who has never bought any crypto before) into buyers. Separately, even if the SEC does approve an ETF, the industry is unlikely to get true regulatory clarity in the form of legislation, which could pressure markets . Nevertheless, between the potential increase in demand and the decrease in new supply (the halving that takes place when the reward for mining bitcoin is cut in half, as designed in the Bitcoin code, to reduce the supply of the cryptocurrency), bitcoin is set up for its next bull run. "People are going to potentially be surprised at how quickly [bitcoin] can rise to the extent that things line up properly," said Chase White, senior research and policy analyst at Compass Point. Tightening supply Bitcoin doesn't have cash flow like stocks, but it has a maximum supply of 21 million and that supply is already tight, with about 19.5 million now in circulation . "Supply is very tight. You've got a huge portion of long-term holders controlling bitcoin, over 40% of the coins on the network have not moved in over three years and over 75% at this point haven't moved in over a year, which is why you've seen such quick increases in price," White said. The supply cap was included in the Bitcoin code to create a scarcity effect on the coin's price. In the near-term, however, it could mean the halving that has historically kicked off a new bull run is less of a force on the market, Jurrien Timmer, Fidelity's director of global macro, said in an interview. "The more mature the asset becomes, the less impact the halvings will have because the number of coins that are being produced are so much less than they were, let's say, five years ago, and the number of coins that have already been mined are so much more," he explained. "The days of the halvings having this huge impact are behind us." Still, 2024 could be the year bitcoin's intended supply and demand dynamics take the stage. Even at the risk of a softer rally following the event, its supply curve is what makes it one of the most unique assets in history and invites comparisons to gold, according to Timmer. "The supply becomes more asymptotic as time goes on," he said, meaning it approaches its limit but never quite reaches it. "We're getting closer and closer to that 21 million coin mark. But it's going to take many years for that last few 100,000 coins to be minted." "When you combine [the] asymptotic supply curve and the exponential demand curve, there really is no other asset on the planet that has those two features at the same time," he added. "It's been around since 2008, it has had everything you can think of thrown at it in terms of existential challenges and resistors, then three crypto winters and it's still standing." CNBC's Ganesh Rao contributed reporting.

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Spot bitcoin ETF approval may be coming in January, experts say. Here’s what it means for investors – CNBC

December 29, 2023 | Author: admin

The price of bitcoin has surged in 2023 as investors await approval for the first U.S. spot bitcoin exchange-traded fund, which would be a milestone for cryptocurrency investors, experts say.

In early December, the digital currency topped $44,000 for the first time since April 2022, and year-to-date gains were above 160%, as of Dec. 21, mostly fueled by optimism for a spot bitcoin ETF.

Meanwhile, discussions between the Securities and Exchange Commission and asset managers hoping to list bitcoin ETFs have advanced to technical details, signaling to some experts that an approval could be imminent.

More than a dozen firms including BlackRock, WisdomTree, Valkyrie and others are waiting for the green light from the SEC, which could come in early January.

Here's a look at other stories offering insight on ETFs for investors.

"For ETF investors, this would be the best product on the market," said Bryan Armour, director of passive strategies research for North America at Morningstar. "All the other options right now have flaws to varying degrees."

Currently, U.S. investors can buybitcoin futures ETFs, which own bitcoin futures contracts, or agreements to buy or sell the asset later for an agreed-upon price. The long-awaited bitcoin spot ETF would invest in the digital asset directly.

If the SEC signs off on a spot bitcoin ETF, Armour anticipates a "batch approval," with multiple ETF listings on the same day. "I would expect them to rule on spot ETFs holistically because most issuers are taking similar approaches" with applications, he said.

"There are a lot of good signs that the SEC is taking the most recent batch of filings more seriously," Armour said. "I'm more optimistic about a bitcoin ETF than ever before."

Some crypto investors expect a bitcoin rally upon approval, but it's also possible the price will dip as investors sell to collect profits, Armour said.

While SEC approval of a spot bitcoin ETF may make the asset class more accessible to the masses, experts urge investors to consider their risk tolerance and goals before piling in.

"I think it depends on the investor," said certified financial planner Ben Smith, founder of Cove Financial Planning in Milwaukee. If you're a more aggressive investor with an appetite for higher risk, a spot bitcoin ETF could fit into a diversified portfolio, he said.

Still, experts often suggest limiting cryptocurrency exposure, such as 1% to 5% of your allocation, to minimize downside exposure. "It still remains an extremely volatile and speculative asset," Armour added.

Some 72% of financial advisors said they would be more likely to invest in crypto if spot ETFs were approved in the U.S., according to a 2022 Nasdaq survey of 500 advisors.

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