As Bitcoin Targets $70K and Ethereum Nears $3,000, Investors Are Secretly Betting On This New Millionaire-Maker

The crypto market is buzzing with excitement as Bitcoin (BTC) surges toward $70,000, and Ethereum (ETH) inches closer to reclaiming the $3,000 mark.

While these two market giants dominate headlines, savvy investors are quietly turning their attention to a new meme coin that has the potential to create the next wave of crypto millionaires—FoxLetFun (FLF).

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

Let’s explore how Bitcoin and Ethereum are performing and why FoxLetFun has caught the eye of smart investors.

Bitcoin Eyes $70,000 as Demand Surges

Bitcoin is making headlines with a strong rally, fueled by renewed demand. After a period of relative calm, BTC is up 11% in just the past week, outpacing the broader crypto market represented by the CoinDesk 20, which saw a 9.6% increase during the same period. Currently, BTC is trading at a ten-week high of over $67,800, and the surge in demand signals that more growth could be on the horizon.

According to data from CryptoQuant, the spike in apparent demand—which increased by 177,000 BTC last week—often precedes major price rallies. Analysts suggest that if this demand continues to grow, Bitcoin could be poised to break its previous all-time highs, with a potential target of $70,000 in the near future. A significant driver of this demand is the inflow into U.S. Bitcoin ETFs, which recently saw an impressive $458.5 million in net inflows, led by Blackrock’s IBIT ETF, which took in $393.4 million​.

Adding to this, the accumulation by Bitcoin whales—large holders excluding exchanges and mining pools—continues to expand, signaling strong confidence among major investors. With Polymarket bettors giving a 64% chance that BTC will hit $70,000 in October and a 75% probability that it will reach a new all-time high by 2024, the market sentiment remains highly bullish​.

Ethereum Ready to Reclaim $3,000

Ethereum (ETH) is also showing strong signs of recovery, with the price hovering around the $2,600 mark after a recent rally. Over the past seven days, ETH has climbed by 8.6%, recovering key support zones at $2,500 and now aiming for the $2,900-$3,000 range, which is the next critical level of resistance.

Market analysts have identified a bullish symmetrical triangle pattern on Ethereum’s chart, and several believe that ETH could soon break out from this consolidation phase. Once ETH breaches the $2,900-$3,000 zone, it’s expected to aim for $3,500, with some analysts even suggesting that Ethereum could close the gap with Bitcoin’s rally​.

Adding to the bullish sentiment, prominent analysts like CryptoWolf and Peter Brandt have pointed out the formation of an inverted Head and Shoulders pattern on ETH’s chart. This technical indicator is typically associated with major breakouts, indicating that Ethereum could be on the verge of a massive rally​.

FoxLetFun: The New Millionaire-Maker

While Bitcoin and Ethereum are taking center stage, insiders are quietly accumulating a new meme coin—FoxLetFun (FLF). Currently in Stage 2 of its presale, FoxLetFun has raised over $200,000, and its early-stage investors are positioning themselves for potential 100x returns. The token price is currently at $0.0001585, with the price expected to rise significantly as the presale progresses through its 20 stages, culminating at $0.00101974228​.

What makes FoxLetFun stand out is its combination of viral meme culture and a real-world mission to support wildlife conservation and tree planting initiatives. This socially conscious angle has attracted investors looking for more than just financial returns. With its unique value proposition and a rapidly growing community, FoxLetFun has the potential to follow in the footsteps of Dogecoin and Shiba Inu, two other meme coins that transformed early investors into millionaires.

As Bitcoin and Ethereum continue their upward momentum, FoxLetFun is quietly positioning itself as the next big player in the crypto world. For those looking to get in early on a promising new token, FoxLetFun could be the hidden gem that delivers massive returns in 2024.

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.