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7 Cryptos to Buy Amid Spot Ethereum ETF Frenzy
Digital assets gained double digits in the market following the boost from spot Ethereum ETFs, with traders looking for crypto assets to buy. The broader crypto market is up 8.6% in the last 24 hours to a market capitalization of $2.6 trillion. Daily trading volumes also rose to $144.83 billion, an increase of 138.37% in the last 24 hours.
This upward movement saw a broader jump in crypto assets, meme coins, and decentralized finance (DeFi) tokens. Here are seven crypto assets to buy right now Ethereum ETF frenzy.
Ethereum (ETH)
As expected, Ethereum is among the most purchased crypto assets by most users in the last 24 hours. The crypto asset rallied on rising anticipation for spot Ethereum ETFs. ETH is up 23% today and 31.1% this week. Just like Bitcoin ETFs, if approved for Ethereum, bulls anticipate a rise in price.
Bitcoin (BTC)
The market leader also made gains from the Ethereum-induced frenzy. Bitcoin rose $71,319, up 6.1% today and 15% higher this week. Bitcoin’s upward gain comes as bulls appreciate a fresh bounce above its all-time high after weeks of fluctuations.
BNB
BNB trades at $619, up 8% in the last 24 hours. The asset continues its good performance this year with long-term gains. Weekly and monthly flows stand at 5.71% and 6.91%, respectively. The increase in Binance’s on-chain volumes is another bullish factor for the asset.
Solana (SUN)
Solana It has been known to outperform the crypto market in a short-term bullish turnaround. At the moment, the asset is trading at US$180, after weekly highs of 23.4%. Solana volumes rose a massive 71% today, signaling bullish pressure for the crypto asset.
Dogecoin (DOGE)
Meme coins also saw inflows as the market recovered this week. Dogecoin rose 8.81% today, ranking among the top cryptocurrencies to buy. Weekly gains are at 9.74%, sparking a broader run in meme coins. Daily volumes increased 216% to $2.3 billion.
Ripple (XRP) and Cardano (ADA)
Ripple trades at $0.54, up 5% today amid sustained industry gains. Despite legal issues with the Securities and Exchange Commission (SEC), bulls maintain pressure amid Ethereum ETF anticipation.
Dubbed the ETH killer by the community, Cardano is also among the cryptocurrencies to buy as the coin surged this week. ADA trades at $0.50, up 7% today and 15.85% this week.