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Top 3 Coins to Buy Now in Anticipation of Ethereum ETF Approval
As the cryptocurrency market anxiously awaits the possible approval of an Ethereum Exchange-Traded Fund (ETF), investors are on the lookout for coins that could benefit from this development.
The approval of an Ethereum ETF would mark an important milestone for the crypto industry, potentially opening the doors to greater institutional investment and mainstream adoption.
In this article, we will explore the top three coins to consider for buying now in anticipation of ETH ETF approval: Ethereum (ETH), Optimism (OP), and Arbitrum (ARB).
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Ethereum (ETH)
Ethereum is the obvious choice for investors looking to capitalize on the potential approval of the Ethereum ETF. As a pioneer in smart contracts and decentralized applications (dApps), Ethereum has established itself as the backbone of the decentralized finance (DeFi) ecosystem.
Currently trading at $3,789.53, ETH has experienced a notable increase of 22.07% in the last 24 hours, with a 24-hour low of $3,078.06 and a 24-hour high of $3,762.00. The anticipation of ETF approval has already sparked interest in Ethereum, and if approval comes to fruition, ETH could potentially see even greater price appreciation.
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Optimism (OP)
Optimisma layer 2 scaling solution, has been gaining traction among investors and developers.
Currently trading at $2.92, OP has seen an increase of 14.69% in the last 24 hours, with a 24-hour low of $2.50 and a high of $2.96. As demand for layer 2 solutions grows and anticipation of Ethereum ETF approval increases, Optimism is well positioned to benefit from the increased attention and potential investment inflow.
Read too: Ethereum (ETH) Predicted to Hit $10,000: Here’s When
Arbitration (ARB)
ArbitrationAnother layer-2 scaling solution for Ethereum utilizes optimistic rollups to provide a high-speed, low-cost environment for DeFi applications and other Ethereum-based projects.
Currently trading at $1.19, ARB has experienced a notable increase of 21.98% in the last 24 hours, with a 24-hour low of $0.968 and a high of $1.19. As more projects migrate to Arbitrum and anticipation of Ethereum ETF approval continues to increase, ARB could see further price appreciation and increased demand.
The potential approval of an ETH ETF has generated excitement and anticipation in the cryptocurrency community. As investors look to capitalize on this potential milestone, ETH, Optimism and Arbitrum have emerged as key competitors to consider.
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