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3 ETH coins to hold before the Ethereum ETF boom
The world of cryptocurrencies is now witnessing a dynamic change. After the approval of the Bitcoin ETF, Ethereum ETFs are in line to embrace the world and have already started making waves in the current cryptocurrency realm.
Following the Ethereum ETF approval, several analysts have already started betting on how the phenomenon will help several Ethereum-based altcoins skyrocket, turning them into a huge investment opportunity to capitalize on and make the most of. Here are the top three ETH-based coins that an investor should hold before they hit the big time following the Ethereum ETF approval.
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3 ETH Coins to Hold Before They Soar After Ethereum ETF Approval
Source: WatcherGuru
Cryptocurrency #1 – Floki Inu
Floki Inu is another notable Ethereum-based token that has made significant strides in the cryptocurrency realm. The token boasts a stellar community ecosystem and is known for having distinct marketing to attract users of all levels. Floki Inu recently launched a Telegram bot with the intention of simplifying cryptocurrency trading for traders and investors. The token is currently ranked as the 51st largest coin by market cap.
According to CoinCodexthe token could surge and skyrocket by almost 222% by mid-July, trading at a peak price of $0.00055. Following the Ethereum ETF approval, this number could increase further, making it a suitable investment choice for exploration and entertainment. Although Floki Inu is currently projected to be in a bearish mode, the cycle could soon change following the ETH ETF approvals.
“Floki Inu price is forecast to surge by 225.91% and reach $0.00055 by July 28, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 47 (Neutral). Floki Inu has recorded 13/30 (43%) green days with 22.09% price volatility in the last 30 days.”
Cryptocurrency #2- Shiba Inu
The Shiba Inu ecosystem is known for constantly revamping its procedures to attract investors. The token is currently busy curating a bunch of new product offerings that include the launch of the Shiba Eternity Blockchain version as well as the Shiba Hub as new elements beautify its ecosystem. With the launch of the Ethereum ETF approval, SHIB could gain new price strength which could help its investors accumulate new profits.
According to Currency codeShib could surge 65% to trade at a new all-time high price of $0.00002884. According to CC, SHIB is currently projecting a bearish signal but is bound to recover and heal as its positive ecosystem upheavals will play a key role in correcting its price valuation.
“The Shiba Inu price forecast for the next 30 days is a projection. That’s it based on the positive/negative trends of the last 30 days. SHIB will change hands at $0.00002884 on July 5, 2024, gaining 65.31% in the process.”
Cryptocurrency #3 – Pepe
Pepe is another notable cryptocurrency token that has made significant waves in the cryptocurrency industry. The token recently rose nearly 3,000% due to the recent surge in GME shares. Likewise, being an Ethereum-based token, Pepe could enjoy significant price appreciation once Ethereum ETFs gain momentum in the mainstream market.
According to CoinCodexPepe could rally nearly 200% by mid-July, claiming an all-time high of $0.00003972. CC’s buy indicators further project Pepe into the bullish realm.
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‘Pepe Coin price is predicted to rise 225.55% and reach $0.00003972 on July 28, 2024. According to our technical indicators, the current sentiment is bullish, while the fear and greed index shows 47 (neutral). Pepe Coin recorded 11/30 (37%) green days with 11.17% price volatility over the last 30 days.