In the world of cryptocurrency, we are now experiencing a significant shift. Ethereum ETFs have been approved after the Bitcoin ETF. They are now ready to take on the world.
After the Ethereum ETF’s approval, analysts are already betting on the fact that the Ethereum ETF will cause several Ethereum altcoins, based on the Ethereum blockchain, to soar, making them a great investment to take advantage of. These are the top three ETH based coins investors should hold onto before the Ethereum approval.
You may also like: Cryptocurrency: 3 Coins Set To Give 2x Returns In July
Three ETH coins to stash before they skyrocket after the Ethereum ETF approval
Cryptocurrency # 1- Floki Inu
Floki Inu, another Ethereum-based coin that is making significant progress in the crypto world, has also been a notable token. This token has an excellent community ecosystem, and it is well known that it uses float marketing in order to attract users. Floki has launched a telegrambot to help traders and investors simplify their crypto trading. The token currently ranks 51st in terms of market capitalization.
As per CoinCodex, the token may surge and spike by nearly 222% by mid-July to trade at a price high of $ 0.00055. This figure could increase further after the Ethereum ETF is approved, which makes it a good investment to consider. Floki Inu’s current projections are bearish, but the cycle could change after the ETH ETF is approved.
“The price of Floki Inu is predicted to rise by 225.91% and reach $ 0.00055 by July 28, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 47 (Neutral). Floki Inu recorded 13/30 (43%) green days with 22.09% price volatility over the last 30 days.”
Shiba Inu Cryptocurrency 2
Shiba Inu is well known for its constant revamping of the ecosystem to attract investors. Shiba Hub is one of many new offerings the token has been curating. SHIB will gain new strength with the Ethereum ETF launch. It can also help investors make more money.
As per CoinCodex, Shib may spike by 65% to trade at a new price high of $ 0.00002884. CC says that SHIB has a current bearish trend, but it will soon recover, and its ecosystem’s positive upheavals are likely to be a major factor in correcting the price.
“The Shiba Inu price forecast for the next 30 days is a projection. It is based on the positive/negative trends in the past 30 days. SHIB will be changing hands at $ 0.00002884 on Jul 5, 2024, gaining 65.31% in the process.”
Pepe is the 3rd Cryptocurrency.
Pepe has been a notable token in the crypto sector. Recently, the token surged nearly 3000% on account of recent GME stocks’ surge. Pepe, as an Ethereum token, can also enjoy significant value once Ethereum ETFs become mainstream.
As per CoinCodex, Pepe may surge by nearly 200% in mid-July, claiming an all-time high of $ 0.00003972. Pepe’s CC-buy indicators also project it to the positive side.
You may also like: De-Dollarization Debunked: US Dollar Still King, Study Finds
‘The price of Pepe Coin is predicted to rise by 225.55% and reach $ 0.00003972 by July 28, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 47 (Neutral). Pepe Coin has recorded 11/30 green days (37%) with 11.17% volatility in the price over the past 30 days.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru