hold or not - Bitcoin could dip below $69k as Vantard’s seed funding tops $250k

Key takeaways

Bitcoin has lost 4% of its value in the last 24 hours and could drop below $69k soon. Vantard has raised over $250k in its seed round after investors injected $500k during the preseed funding stage.

BTC could drop below $69k The cryptocurrency market is underperforming following a positive start to the week. Bitcoin, the leading digital currency by market cap, is down 4% over the last 24 hours and has dropped below $70k. At press time, the price of Bitcoin stands at $69,382 and could dip further in the coming hours or days if the bears remain in control. What is Vantard (VTARD)? Despite the market’s bearish stance, investors continue to inject funds into new and exciting projects. Thanks to its innovative approach, Vantard is changing the way investors view meme coins. According to the development team, Vantard (VTARD) is the world’s first meme coin index. Vantard helps investors leverage the the growing $45 billion memecoin market. VTARD holders can redeem tokens against the Treasury for their proportional percentage of the underlying assets. According to the whitepaper, Vantard will hold a portfolio of top Solana-based meme coins. As a meme coin index, Vantard will enable investors to broaden their cryptocurrency portfolio. This is crucial thanks to the growing importance of meme coins to the cryptocurrency landspace. With Vantard, investors can fully leverage the ‘Memecoin Supercycle’ as it delivers exciting new projects to their portfolios. Vantard will bridge an important gap in the market as meme coins have outperformed every other crypto sector since the start of the year. Read more about the Vantard project here. Vantard seed funding round hits $250k Vantard has commenced its seed funding round and has raised over $250k within a few days. This comes after the team raised $500k in its pre-seed funding round. Investors are using this opportunity to purchase $VTARD tokens at a discount. Currently, $VTARD is worth $0.00012 per coin, and the price is set to increase to $0.00013 in the next 27 hours. Investors can purchase the $VTARD tokens via the Vantard website using the USDC, USDT, and Ethereum coins. Vantard could become a leading cryptocurrency as it is the first Solana-based meme coin index available to investors. Meme coins have a combined market cap of over $40 billion, which is expected to increase in the coming months and years. The major challenge for investors is finding the right meme coins to buy, as there are hundreds of thousands of them available in the market. Vantard solves this with its meme coin index, which chooses the best Solana-based meme coins to add to their portfolios. Vantard exposes investors to the upside in a light-touch investment vehicle. Vantard lets users ‘Ride the Memecoin Supercycle.’ Should you buy $VTARD tokens? A presale is the ideal time for investors to buy into a project, as the tokens are usually sold at a discount. The crypto market has already seen Bitcoin and Ethereum exchange-traded funds (ETFs). However, Vantard is setting a record by becoming the first index to track the leading meme coins on the Solana blockchain. With its role as a meme coin index, the $VTARD token could be one of the top tokens in the crypto space in the coming bullish cycle. With the right level of adoption, $VTARD’s value could soar in the coming months and years.

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Immutable claims the notice is “targeting the listing and private sales of IMX in 2021 Immutable joins the likes of Coinbase Crypto.com, and OpenSea who have received Wells notices from the SEC The notice is said to have contained less than 20 words of material explanation

Immutable has been issued with a Wells notice from the US Securities and Exchange Commission (SEC) alleging securities laws and misrepresentations by the company. In a post from the blockchain gaming platform, it said that while nothing was specified in the notice, it believes its “claims are targeting the listing and private sales of IMX in 2021.” Immutable added that “with this action, the SEC is continuing to indiscriminately assert that tokens are securities.” According to Immutable, they are confident that the IMX token is not a security. Joins a growing list of targeted companies For the SEC to issue a Wells notice, it’s generally indicative that the agency is thinking about bringing a lawsuit against a company. If it does, Immutable joins a list of companies in the crypto industry that have faced or are facing lawsuits against the SEC. Last July, Ripple won a lawsuit against the SEC when Judge Analisa Torres ruled that XRP is not a security. In April, Consensys filed a lawsuit against the SEC to protect the Ethereum ecosystem. The SEC later sued Consensys alleging that the company operated as an unregistered broker-dealer and offered unregistered securities. Other crypto organizations that have received a Wells notice from the SEC include Coinbase, Crypto.com, and OpenSea. “With this latest move against Immutable, the SEC’s overreach has expanded into gaming,” Immutable said. According to Immutable, the Wells notice before the US election illustrates why the “industry is so skeptical of any attempts from this SEC to argue it is attempting to provide clarity.” “Prior to the issuance of a Wells notice, there are often multiple months of interviews and conversations between company counsel and the SEC, so the SEC can fully understand the situation,” Immutable added. “Instead, in our very first interaction with the SEC, we were told a Wells notice would be issued to the company within the week. We then received it within hours.” Immutable said that the notice only cited “statutory provisions” and had less “than 20 words of material explanation.”

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