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3 Coins to Hold That Could Become ETFs in the Future
The cryptocurrency vertical is enjoying its new victory. Ethereum ETFs have finally sought approval from the SEC, ushering in a new wave of crypto-inspired procedures. ETFs have always been considered the perfect financial instrument to gain direct exposure to certain assets. The tool now incorporated into cryptocurrency is poised to completely overshadow traditional sectors.
However, the crypto community is now competing for other potential tokens to reach new highs and possibly carry the ETF baton forward. Here are the top three crypto tokens that an investor should hold that could become ETFs in the near future.
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Three Crypto Tokens That Could Succeed Big and Become ETFs in the Long Term
#1 Cryptocurrency: Solana
Solana has undoubtedly emerged as one of the most successful coins in the crypto industry. The token has surpassed several other tokens to take the lead and is trading at an impressive price level of $165. The token is in line to participate in the next ETF rush as predicted by analysts at Standard Chartered. This development is expected to help Solana gain credible traction in the near future.
Per CoinCodexSolana could rise nearly 15% to trade in the $190 price range by June 2024.
According to our current Solana price prediction, Solana price is expected to rise 15.07% and reach $190.50 on June 26, 2024. According to our technical indicators, the current sentiment is bullish, while the Fear and Greed Index shows 74 (greed). Solana has recorded 14/30 (47%) green days with price volatility of 9.92% over the last 30 days.
At the same time, the token could also increase 139% by the end of 2024 if it manages to navigate through the current bull market start.
“Solana is expected to trade in the range of US$161.59 and US$396.46. If it reaches the upper target price, SOL could increase 139.08% and reach $396.46.”
Cryptocurrency #2: XRP
According to Standard Chartered analyst Geoffrey Kendrick, Solana and XRP ETFs could soon become the next big trending developments in crypto. According to Kendrick, these coins have the potential to embrace the early bull market, thus strengthening their position to secure ETF status.
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“For other coins (e.g. SOL, XRP), markets will also await their eventual ETF status, although this is likely a 2025 story, not a 2024 story. selective selection of “next in line” as well.” Kendrick shared
This development was created to help XRP receive the much-needed boost the token desperately needs. Per CoinCodexXRP could rise 20% by the end of June 2024, trading in the $0.60 price range.
“According to our current XRP price prediction, XRP price is expected to rise 20.65% and reach $0.640716 on June 26, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear and Greed Index shows 74 (ambition). XRP has recorded 15/30 (50%) green days with 2.26% price volatility over the last 30 days.”
By the end of 2024, the platform predicts that the token will trade at a price level of $1.66.
“XRP is expected to trade in the range of $0.335589 and $1.660377. If it reaches the upper target price, XRP could increase by 213.09% and reach $1.660377.”
Cryptocurrency #3: Cardano
Cardano is another robust coin in line to engineer a bullish advance in prices. The token had long been trading at modest price levels awaiting its price rally. However, the coin’s slow progression has not yet deterred the ADA community. Following the Ethereum ETF approvals, the community is now vying for an ADA ETF, which could significantly bolster the token’s long-term price prospects.
Cardano could be next in line to see an ETF after Bitcoin and Ethereum.
Germany launches a Cardano ETP where you can also get staking rewards.
Europe first, the USA next.#CardanoETP pic.twitter.com/Q9zDrTcbLm– Sssebi🦁 (@Av_Sebastian) May 25, 2024
Per CoinCodexCardano could rise by 4% in June 2024 to trade at $0.48 price level.
“According to our current Cardano price prediction, Cardano price is expected to rise by 4.89% and reach $0.485436 on June 26, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear and Greed Index shows 74 (ambition). Cardano has recorded 12/30 (40%) green days with 3.34% price volatility over the last 30 days.
By the end of 2024, ADA could rise by a staggering 300% to trade at the $1 price level.
“The forecast is that Cardano will trade in the range of US$0.426437 and US$1.876798. If it reaches the upper target price, ADA could increase by 308.21% and reach $1.876798.”