Market analyst James Van Straten has highlighted that open interest for BTC futures on the Chicago Mercantile Exchange (CME) is now sitting at all-time highs.
This signals increasing institutional participation and maturity for Bitcoin, as these instruments typically cushion markets from excessive volatility – exactly what deep-pocketed investors are after.
A big driver of Bitcoin’s maturity is the growth of derivative products like options.
By definition, an option is a contract that gives you the right but not the obligation to buy or sell an asset at a predetermined price.
Sure, while less dramatic price swings and dampened volatility could be perceived as Bitcoin losing its trademark sheen, it’s important for us to wrap our heads around their importance.
With that in mind, now’s the perfect time to build yourself a growth-oriented crypto portfolio. Here are our top 3 suggestions.
Retail and crypto whales combined have already poured in over $18.6M into this potentially revolutionary Layer 2 solution for the Bitcoin blockchain.
$HYPER aims to finally rid the Bitcoin network of its longstanding issues: sluggish speeds, little to no scalability, and almost no Web3 support.
Unlike Bitcoin’s native layer that processes transactions one by one, $HYPER processes thousands of transactions simultaneously.
Then, it sends a summary of all those transactions to Bitcoin’s mainchain, ensuring the network’s security remains intact.
To interact with these apps, all you have to do is send your Layer 1 Bitcoin to Hyper’s Canonical Bridge, which will lock those tokens and provide you with an equivalent amount of Layer 2-compatible wrapped tokens.
Think of $MAXI as Dogecoin’s latest iteration – fierce, bulked-up, and determined to churn out 1000x gains for its investors.
Naturally, a good old hero-villain story has plenty of takers, which is why the Maxi Doge presale has already pulled in over $2.5M from early investors.
Maxi’s plan involves going viral. It has reserved a massive 40% of its total token supply for marketing, covering PR campaigns, influencer collaborations, and social media blitzes.
Even better, if you’re a $MAXI holder, you’ll also gain access to exclusive weekly trading competitions and leaderboard prizes.
It’s an AI-powered tool designed to educate people about the basics of cryptocurrency, blockchain technology, and the BNB Chain ecosystem.
$TUT is up over 10% in the last seven days, having just broken out of a long-drawn consolidation phase that lasted nearly three months.
At the time of writing, the price is hugging the 10 EMA – a classic technical analysis signal suggesting upcoming bullishness.
Disclaimer: Crypto is highly risky, so kindly do your own research before investing. This article is not financial advice.
