ZBK to Offer BTC, 10 Swiss State Banks to Launch a Crypto
By TH3FUS3 Editorial Staff
June 24, 2024 08:32 AM
Reading time: 2 minutes, 11 seconds
TL;DR The Cantonal Bank of Zürich (ZKB) plans to offer Bitcoin (BTC) and Ethereum (ETH). Ten state banks are also launching their own crypto, signaling a significant evolution in traditional finance. Meanwhile, Angry Pepe Fork (APORK) aims to revolutionize the meme coin market.
ZKB Ventures into Crypto
The Cantonal Bank of Zürich (ZKB) has shared plans to offer Bitcoin (BTC) and Ethereum (ETH). This move follows the steps of Zug, St. Gallen, and Lucerne cantonal banks, which have been offering cryptocurrency services for six months. If ZKB joins, it could greatly expand how traditional finance embraces crypto in Switzerland.
According to well-informed sources, ten state banks are allegedly on the verge of launching their cryptocurrencies. As reported by Finanz und Wirtschaft, this development boosts bullish sentiment despite the sub-optimal price performance of both significant cryptocurrencies.
However, alongside them, Angry Pepe Fork (APORK) is set to spike, offering utility within its niche and potential major ROI.
Bitcoin's Rollercoaster
The price of Bitcoin has corrected itself. It dropped from $69,945 to around $63,000. The BTC price drop worries investors, while some crypto experts believe a return to $67,000 could rekindle the bulls.
Based on RSI and MACD data, Bitcoin's price could rise to $98,973 by the end of this year. However, market sentiment remains bearish for now, while the path to recovery is uncertain despite the optimistic long-term predictions.
Ethereum's Consolidation Phase
Ethereum (ETH) has experienced a consolidation phase over the past week, strategically adjusting its price by 10%. This positions the Ethereum price for a potential bullish surge, with technical indicators like RSI and MACD suggesting a momentum shift in the coming trading sessions.
A breakout above the $3,600 Ethereum price barrier would strongly confirm this bullish trend. The Ethereum price prediction remains optimistic, with a target of $5,546 by Q4 2024. This could increase considerably if more banks begin accepting or implementing their crypto services on Ethereum's Layer-1 network.
Angry Pepe Fork's Revolution
Angry Pepe Fork (APORK) seeks to redefine the meme coin landscape through its innovative 'Conquer to Earn' program. This gamified economic model represents a significant departure from traditional models, encouraging user participation and fostering a robust and engaged community.
Aside from passive holding, APORK enables users to contribute to the network's success through a tiered staking system. Users can lock their crypto for 30, 60, or 90 days, depending on their appetite, earning more rewards the longer they stake. APORK also has a capped supply of 1.9 billion tokens, a calculated scarcity that drives long-term price appreciation.
Currently offered at $0.014, APORK promotes accessibility with a low barrier to entry. Following its launch and anticipated primary exchange listings, APORK has the potential for significant growth, with projections suggesting a 100x increase, making it a top crypto to buy.
As traditional finance embraces crypto, Bitcoin and Ethereum could start their road to recovery. Meanwhile, Angry Pepe Fork has emerged as a solid contender, well-positioned to become the best cryptocurrency to invest in.