The expert urges users to buy altcoins. In Ukraine, 14 more investment projects were recognized as dubious. Hamster Combat players from Uzbekistan face prison sentences. All MetaMask users can now stake Ethereum

“This is the last chance to buy altcoins profitably,” – analyst 

  

Michaël van de Poppe, an expert and owner of cryptocurrency consulting company MN Trading, said that now is the optimal time to buy coins. According to him, after Bitcoin halving, altcoins are “keeping silent,” which means we should expect a reversal in their direction shortly. 

  

Among the positive signals, Michaël highlights: 

  

1. The ECB interest rate decrease (there is an assumption that the US FRS will follow suit);
2. Ethereum-ETF approval and expectation of their launch.

The expert believes that trading of spot Ethereum-ETFs will start in late June or early July. In his opinion, it will be proof that there is more to the crypto world than Bitcoin and that altcoins also deserve attention and are worth a lot. 

  

Ethereum is now 30% to 40% below its historic 2021 low. As of Monday, June 17, its exchange rate is $3,556. Other coins are also 50%-80% below ATH. This can be considered a good threshold for entry. 

  

It is known that Michaël sold all Bitcoins in May 2024, exchanging them to other cryptocurrencies. This way, he aims to maximize the benefits of the upcoming altcoin season. 

In Uzbekistan, Hamster players can be arrested 

  

Users from Uzbekistan who play Hamster Combat will be punished with fines and arrest. This information is spread by local media, citing a warning from the authorities. 

  

In April 2024, Uzbekistan enacted a law that prohibits the illegal purchase, withdrawal, and exchange of digital money. All companies that conduct crypto activities in the country must be licensed by the local regulator. 

  

Players who withdraw HMSTR (Hamster Combat’s domestic token) through exchanges and exchange it to fiat will receive a fine of 20-30 BRV ($540-$810) or be arrested for up to 15 days. For a repeat offense, crypto users can be imprisoned for 5 years. 

  

From May 14 to June 14, 12 Uzbek citizens were prosecuted for violating cryptocurrency laws. Most of them traded on the Binance exchange, which is not licensed by the local regulator. One student went to jail for 10 days for Notcoin exchange. In addition, the court ordered his bank card and smartphone to be destroyed.