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>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*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

2024年5月21日公開の他の記事

Floki Inu, Pepe, and Ethereum Lead Crypto Market Rally with Impressive Gains

Karura (KAR) – Should you buy it post halving?

Sui Sets New Standard for Blockchain Transaction Speeds (21 May)

Polygon Sees Significant Price Increase After Bitcoin Surge

Axelar Adds Interoperability to Rollkit, Delivering Interconnectivity for Thousands of Blockchain...

Here’s When Bitcoin Will Ignite New Parabolic Phase, According to Analyst Who Nailed Recent BTC C...

ニュースレターを購読して暗号資産の最新情報を毎日入手！