PRESENTED BY CRYPTOREON
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By Nathan · May 29th, 2024

Happy Wednesday! Today's newsletter is 571 words, a 2 minute & 5 seconds read.

1. Ethereum ETF vs Bitcoin ETF 🥊

The crypto industry has taken another step towards mainstream acceptance with the SEC approving spot Ethereum ETFs. But how does this approval differ from Bitcoin's in January?

Bitcoin's ETF approval signaled the start of mainstream acceptance, while Ethereum's ETF approval highlights the growing role of digital assets in the financial ecosystem. ETF approvals are more than just milestones; they represent the future direction of the digital asset landscape.

Market reaction: sentiment improved after the ETF approval. The price of Ethereum is rallying toward the $4,000 mark just days after eight ETFs were approved and ahead of their pending launches.

The price action could also be a result of pro-crypto comments made over the weekend by former President Donald Trump.

2. Trump is one of us? 🇺🇸

Leading Republican candidate Donald Trump expressed his strongest support for cryptocurrency yet. He shared his views in a post on Truth Social.

"I am very positive and open-minded towards cryptocurrency companies and everything related to this new and burgeoning industry. Our country must be the leader in the field. There is no second place."

Trump's positive remarks on crypto led to a surge in the market, propelling BTC above $70,000 and ETH to nearly $4,000 dollars.

3. Newest addition to my AI bag: Spectral 🤖

Spectral is my newest addition to the AI portfolio. You can buy Spectral on Base Chain.

It is one of the few AI-coins that exist on Base Chain. It has a lot backers and investors for a new project, which is unique in the AI-space.

It bridges the gap between AI, machine learning, and blockchain technologies by enabling users to create on-chain Agents that operate based on transparent, open-source knowledge bases.

The company offers two products:

• Spectral Syntax, a network of Onchain Agents.

• Spectral Nova, a machine intelligence network that provides decentralized ML inferences to smart contracts.

What about the team? Spectral consistently releases updates and informs its community about new developments. They announce new partnerships on a weekly basis, and these are not just any partnerships.

Last week, they partnered with Nexandria to enhance blockchain data exploration.

Previously, Spectral collaborated with Hugging Face, a leading AI company specializing in machine learning and data science.

I believe that Spectral will rank within the top 20 AI projects in the future and will perform exceptionally well in the upcoming bull run. The team's strong network and professional operation contribute to this prognosis.

I see Spectral hitting a market cap of at least 6 billion in the future. Quick maths: a 240x from the current market cap of 25 million. Worth a shot in my opinion.

4. One more thing… 🍏

In my future weekly newsletters, I will provide in-depth reviews of new and emerging projects, similar to Spectral and DeAi from my previous newsletter. However, these will no longer be visible to everyone.

For a small fee you will get access to these reports within the newsletter called “Gems For Friends”, where I will share the latest crypto gems that I have discovered and invested in personally.

• By subscribing to this service, you will be among the privileged few who are informed ahead of the crowd, ensuring that you stay ahead of the game and have the first-hand knowledge of my own investments.

• You can get the report for FREE by upgrading your subscription. See the box below to be redirected to my upgrade page.

• 20% discount until June 17th!

Until next time! Take care.

Nathan ‘Cryptoreon’