Following the approval of the Ethereum ETF, some analysts have begun betting on how this phenomenon will help some Ethereum-based altcoins skyrocket, making them great investment opportunities to capitalize on and make the most of. Here are the top three latest ETH-based coins that investors should stock up on before they hit the big time after the approval of the Ethereum ETF.
Floki
Floki is another notable Ethereum-based token that has made significant strides in the cryptocurrency space. The token boasts an excellent community ecosystem and is known for its outstanding marketing capabilities to attract users across the board. Floki Inu recently launched a telegram bot with the aim of simplifying cryptocurrency trading for traders and investors. The token is currently ranked as the 51st largest currency by market capitalization.
According to CoinCodex, the token was able to skyrocket and spike nearly 222% in mid-July to trade at a peak price of $0.00055. Once the Ethereum ETF is approved, this number could increase further, making it a suitable investment option for exploration and fun. Although Floki Inu is currently predicted to be in bearish mode, the cycle could soon change following the approval of the ETH ETF.
“Floki Inu price is predicted to increase 225.91% and reach $0.00055 on July 28, 2024. According to our technical indicators, current sentiment is Bearish while the Fear Index Fear & Greed is showing 47 (Neutral). Floki Inu recorded 13/30 (43%) green days with a price fluctuation of 22.09% over the past 30 days.”
Shiba Inu
The Shiba Inu ecosystem is known to continuously improve its operating processes to attract investors. The token is currently busy managing a series of new product offerings including launching the Shiba Eternity Blockchain version, as well as the Shiba Hub, as new elements adorn its ecosystem. With the launch of Ethereum ETF approval, SHIB could gain new price strength, which could help investors accumulate new profits.
According to CoinCodex, Shib could surge 65% to trade at a new high of $0.00002884. According to CC, SHIB is currently giving bearish signals but is sure to recover and rebound, as positive developments in its ecosystem will play a key role in adjusting its valuation.
“Shiba Inu price prediction for the next 30 days is a prediction. It is based on the positive/negative trend over the past 30 days. SHIB will change hands at $0.00002884 on July 5, 2024, gaining 65.31% in the process.”
Pepe
Pepe is another notable cryptocurrency token that has made significant waves in the cryptocurrency sector. The token has recently increased by nearly 3000% thanks to the recent GME stock price surge. Likewise, as an Ethereum-based token, Pepe can take advantage of significant valuations as the Ethereum ETF gains momentum in the mainstream market.
According to CoinCodex, Pepe could surge nearly 200% by mid-July, reaching an all-time high of $0.00003972. CC buying indicators continue to predict Pepe to be in an uptrend.
‘Pepe Coin’s price is predicted to increase 225.55% and reach 0.00003972 USD by July 28, 2024. According to our technical indicators, current sentiment is Bullish while the Fear Index & Greed is showing 47 (Neutral). Pepe Coin recorded 11/30 (37%) with a price movement of 11.17% over the past 30 days.
See more: How high can XRP go in July?
