Ethereum

Token

ERC20

The post <a href="https://coinpedia.org/news/top-erc20-token-to-surge-as-soon-as-ethereum-etf-gets-approve/" rel="noopener noreferrer nofollow">Top ERC20 Token To Surge As Soon As Ethereum ETF Gets Approve</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
A spot Ethereum ETF approval is seen as a game-changer for the crypto market. If approved, it could lead to a substantial influx of institutional money into the Ethereum ecosystem. This development would not only <a href="https://coinpedia.org/news/ethereum-etf-approval-rumors-spark-massive-market-rally-santiment-report/" rel="noopener noreferrer nofollow">boost the value of Ethereum</a> (ETH) itself but also positively impact a range of ERC20 tokens, potentially leading to significant price surges.
<h2 class="wp-block-heading" id="h-erc20-tokens-to-watch">ERC20 Tokens to Watch</h2>
With the spotlight on Ethereum, several ERC20 tokens are expected to benefit from the increased investment. Here are the top ERC20 tokens that could see substantial gains.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d1-200d-1f4bb.png" alt="🧑‍💻" class="wp-smiley" style="height: 1em; max-height: 1em;"> With <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a>'s network on most traders' minds with May prices blossoming and the <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SEC</a>'s approval of the first <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETF</a> looming, here are <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a>'s top <a href="https://twitter.com/hashtag/ERC20?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ERC20</a> related coins, sorted by notable daily development activity rates over the past 30 days: 1) <a href="https://twitter.com/chainlink?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@chainlink</a> <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f947.png" alt="🥇" class="wp-smiley" style="height: 1em; max-height: 1em;"> 2)… <a href="https://t.co/SklE4VKHEP" rel="noopener noreferrer nofollow">pic.twitter.com/SklE4VKHEP</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1793309936623161370?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 22, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
Chainlink (LINK): Known for its decentralized oracle network, Chainlink is integral to many blockchain projects. <a href="https://coinpedia.org/price-analysis/chainlink-defies-the-odds-why-is-the-link-price-up-today/" rel="noopener noreferrer nofollow">Despite being 68.4%</a> below its previous ATH of $52.70, experts predict LINK will rise to around $35.
sUSD (SUSD): A stablecoin part of the Synthetix protocol, used for creating and trading synthetic assets. Currently, SUSD is trading at $0.99, reflecting a slight increase in its price.
Status (SNT): This token powers the Status Network, which aims to bring decentralized applications to mainstream users. As of now, SNT is trading at $0.0377, reflecting a slight decrease in its price.&nbsp;
Ethereum (ETH): The primary token of the Ethereum blockchain, set to see major institutional interest. Many analysts predict ETH to <a href="https://coinpedia.org/news/top-analyst-predicts-ethereum-price-to-surge-5000-here-what-you-need-to-know/" rel="noopener noreferrer nofollow">surge to $5k</a> as soon as ETH ETF is approved.&nbsp;
Holo (HOT): Powers Holochain, a framework for creating peer-to-peer applications.
Decentraland (MANA): A virtual reality platform that <a href="https://coinpedia.org/price-prediction/decentraland-mana-price-prediction/" rel="noopener noreferrer nofollow">allows users to create</a>, experience, and monetize content. With a market cap of $884 million, MANA is trading at $0.46.
The Graph (GRT): A decentralized protocol for indexing and querying data from blockchains.
Audius (AUDIO): A decentralized music streaming protocol aiming to give artists more control over their content. Despite being <a href="https://coinpedia.org/price-prediction/audius-audio-price-prediction/" rel="noopener noreferrer nofollow">96.6% below</a> its all-time high of $4.95, AUDIO is considered a promising investment.
Synthetix (SNX): A decentralized finance protocol that provides on-chain exposure to various assets. Meanwhile, SNX is predicted to surge to $5 as ETH ETF approves, currently hovering at $2.89.
API3 (API3): Focuses on creating decentralized APIs for Web3 development.
<h2 class="wp-block-heading" id="h-impact-on-the-crypto-market">Impact on the Crypto Market</h2>
The anticipation of the Ethereum ETF approval has already generated buzz within the crypto community. Analysts believe that this could be a pivotal moment, not just for Ethereum but for the broader market. The influx of institutional funds could lead to increased stability and mainstream acceptance of cryptocurrencies.

Top ERC20 Token To Surge As Soon As Ethereum ETF Gets Approve

Table of Contents

CoinPedia News

Other articles published on May 23, 2024

Revolutionary ScoringFi Initiative Shakes Up Blockchain with Explosive Presale Success

Bittensor (TAO) May Shed Gains as Key Indicator Signals Reversal

PEPE's 175% Rally Continues, Will It Reach 200%? Bitcoin (BTC) Loses $70,000 Again, For How Long?...

Andre Cronje Leads New Sonic Network Launch

Sushi Partners With GoPlus Security To Safeguard Users From Honeypot And Scam Tokens (23 May)

Federal Reserve Reports Decline in U.S. Adults Using Cryptocurrency

Join our free newsletter for daily crypto updates!