Ethereum

Cryptocurrency

Gains

While the probability of the SEC approving spot Ethereum ETFs increased to 75% overnight, this development rocketed ETH and cryptocurrency prices.
While ETH increased by 21.7% in the last 24 hours, Ethereum-based altcoins also experienced double-digit increases.
While the rise is expected to continue after a possible ETH ETF approval, cryptocurrency platform Layergg listed the altcoins that can be watched after the approval.
Layergg listed the following Ethereum-based altcoins that could be tracked if ETH ETFs are approved:
<blockquote>
 “2024 ETH-Beta Watchlist:
 • PEPE – New King of Meme • PENDLE – Best Bluechip DeFi • ENA – Main Beneficiary of ETH Rally • METIS – Gains from the “Low Volatility/High FDV” Debate • ETHFI – Super App for Repurchase
 • ALT – Regranted Rollups (RaaS) • REZ – Low Cap Repurchase Center • MKR – “End Game” (Rebranding/Renaming) • OP – Powered by L2 Coinbase and Base Chain • ARB – No. of Tier 2. 1 TVL
 • LDO – Redemption (Supported by Paradigm) • ETC – PoW Ethereum • ENS – Vitalik's 'Very Important' Mattress • SSV – Liquid DVT only • UNI – Ethereum OG DeFi”
</blockquote>
Pointing out that Ethereum has lagged behind the market since September 2022 and has shown signs of weakness against Bitcoin, Layergg stated that the ETH/BTC trading pair has recently approached the bottom.
Finally, Layergg stated that ETH/BTC will rise after the approval of the Ethereum ETF, and that this rise may bring a major altcoin rally, and that ETH-Beta altcoins are the group with the highest potential to benefit from this rally.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bitcoin ETF – APPROVED<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2714.png" alt="✔" class="wp-smiley" style="height: 1em; max-height: 1em;"> Ethereum ETF – SOON
 The Ethereum ETF has switched from a 10% likelihood to a 75% chance overnight. If approved, the <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> Spot ETF makes the following projects worth watching.
 2024 ETH-Beta Watchlist:
 • <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> – New King of Meme • <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PENDLE</a> – Top… <a href="https://t.co/cSexLJroDr" rel="noopener noreferrer nofollow">pic.twitter.com/cSexLJroDr</a>
 — Layergg (@layerggofficial) <a href="https://twitter.com/layerggofficial/status/1792757675845181499?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 21, 2024</a>
</blockquote>
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*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/which-altcoins-will-the-ethereum-etf-approval-benefit-here-is-the-altcoin-list-to-follow/" rel="noopener noreferrer nofollow">Which Altcoins Will the Ethereum ETF Approval Benefit? Here is the Altcoin List to Follow!</a>

Which Altcoins Will the Ethereum ETF Approval Benefit? Here is the Altcoin List to Follow!

Bitcoin Sistemi EN

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