Monero, Zcash, Memeinator worth prediction forward of Bitcoin ETF approval

• Bitcoin is above $42k as bullish sentiment round spot Bitcoin ETFs will increase. 
• Will the outlook for BTC and high altcoins be replicated by privateness cash Monero and Zcash? 
• Might Memeinator outperform the 2 cash?

Monero (XMR) and Zcash (ZEC) have lagged different high altcoins over the previous a number of months, with XMR and ZEC up simply 3% and a couple of% respectively during the last 30 days. The tokens have been additionally buying and selling decrease on December 29 after a serious alternate introduced it should delist spot pairs for these privateness cash.

Regardless of this, might the general bullish sentiment throughout crypto forward of a spot Bitcoin ETF approval by the SEC elevate Monero and Zcash? Is the upcoming nod additionally a bullish catalyst for Memeinator (MMTR)? Right here’s an outlook for every.

Crypto outlook as market awaits spot Bitcoin ETF approval

Whereas the SEC has authorized a number of futures and spot Bitcoin ETFs are already listed in different markets, its nonetheless a ready recreation in the US.

Sentiment and anticipation are nonetheless at a brand new peak heading into 2024. It’s because the US securities regulator has held a number of conferences with candidates, together with BlackRock, ARK 21Shares and Grayscale over the spot ETF filings.

The anticipation is that the primary batch of spot Bitcoin ETF approvals will come earlier than January 10, 2024 – the deadline for the ultimate determination on the ARK 21Shares proposal. With simply days to the anticipated approval and additional catalysts for crypto aligning, Bitcoin (BTC) worth is finely poised above $42k.

Analysts say the potential nod for the US market’s first spot Bitcoin ETF might be the set off for enormous demand strain for BTC. Costs throughout the sector may benefit from the general sentiment to commerce increased.

Monero (XMR) worth prediction

Monero and Zcash are the 2 high privacy-focused cryptocurrencies available in the market. On Friday, crypto alternate OKX introduced it will likely be delisting spot buying and selling pairs for XMR and ZEC amongst different privateness cash.

Out there, Monero (XMR) has seen an uptrend of types since September. Nevertheless, its efficiency over the previous month has largely been ranged as bulls fail to interrupt above year-to-date highs of $186. At present at $172, XMR may need to reclaim the YTD excessive space as help to construct momentum for a run above $200.  

Zcash (ZEC) worth prediction

Zcash (ZEC) not too long ago noticed its creator and founding father of the Electrical Coin Co. Zooko Wilcox step down as the corporate’s CEO. Like Monero, it additionally shall be delisted from OKX in January 2024.

The worth of ZEC has declined by about 9% up to now 24 hours. Based on knowledge from CoinGecko, Zcash worth is down 22% over the previous yr. At present at slightly below $30, ZEC/USD is 99% off its all-time excessive above $3,191 reached in October 2016.

The short-term outlook for Zcash is thus more likely to proceed on a bearish trajectory – probably amid additional scrutiny from regulators. Nevertheless, ought to the ZEC worth cross above $45, bullish momentum might see it goal the $100 space. The subsequent main targets could be $200 and the final bull market’s peak above $320.  

Memeinator (MMTR): A brand new token geared toward meme dominance

Memeinator (MMTR) is a brand new meme token trying to break into the highest meme coin world by capturing a $1 billion market cap. The Memeinator’s aim is to overhaul the weak and nugatory meme tokens by providing its group actual utility.

Based on the AI-powered venture’s whitepaper, the real utility shall be by way of an modern recreation, staking and distinctive NFTs. Integration with high dApps and providing entry to DeFi alternatives additionally seems to be a recipe that would see Memeinator problem high tokens like Shiba Inu, Bonk and Dogecoin.

The venture is at the moment in presale and attracting large consideration, with over $2.5 million raised to this point. On the present presale worth of $0.0166, traders who enter earlier than the subsequent stage (11) will see this worth bounce by 65% when the token lists after stage 20 with MMTR priced at $0.0292.

MMTR worth would possibly rally exhausting from then, significantly with the broader bull market possible in full swing later within the yr.