Arbitrum

Renzo

Ethereum Name Service

<p>The <a href="https://captainaltcoin.com/sec-approves-ethereum-etfs-analyst-highlights-what-this-means-for-eth-bitcoin-btc-and-other-cryptocurrencies/" target="_blank" rel="noopener noreferrer nofollow">approval of the highly anticipated Ethereum ETF</a> has excited many investors in the crypto industry. As investors and traders scramble to position themselves for the potential price movements, a prominent <a href="https://x.com/EmperorBTC/status/1793655197484671251?t=deq2dJh3-ySBYzU_qtXIpw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">crypto analyst known as “Emperor”</a> on X has shared a detailed strategy for navigating the upcoming Ethereum token plays. He pointed out Ethereum plays that could soar and those that investors should consider avoiding.</p>
<h4 class="wp-block-heading">The Ethereum ETF Approval: A Game-Changer</h4>
<p>According to Emperor, the approval of the Ethereum ETF has swiftly shifted market sentiment towards accumulating tokens with high “ETH Beta” – a measure of how closely a token’s price follows Ethereum’s price movements. Drawing parallels to the Bitcoin ETF approval in January, Emperor expects a similar surge in Ethereum’s price, followed by a potential retrace as the market reacts to the news.</p>
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<h4 class="wp-block-heading">Top Ethereum Token Plays to Watch</h4>
<p>Among the tokens Emperor highlights as strong contenders for the Ethereum ETF play are:</p>
<ol>
 <li><strong><a href="https://coinmarketcap.com/currencies/pendle/" target="_blank" rel="noopener noreferrer nofollow">Pendle (PENDLE</a>)</strong>: Described as one of the strongest tokens for this narrative, Pendle recently saw a price correction due to the EIGEN airdrop but has shown remarkable strength following the ETF news.</li>
 <li><strong><a href="https://coinmarketcap.com/currencies/pepe-coin-bsc2/" target="_blank" rel="noopener noreferrer nofollow">Pepe (PEPE)</a></strong>: Recognized as an obvious play for the ETH Beta, Pepe has maintained a robust uptrend, indicating that insiders may have front-run the ETF approval.</li>
 <li><strong><a href="https://www.coingecko.com/en/coins/ethereum-name-service#:~:text=The%20price%20of%20Ethereum%20Name%20Service%20(ENS)%20is%20%2423.68%20today,hour%20trading%20volume%20of%20%24427%2C042%2C080.09." target="_blank" rel="noopener noreferrer nofollow">Ethereum Name Service (ENS)</a></strong>: With Vitalik Buterin’s endorsement throughout the year, ENS is a token Emperor is betting on, as it was one of the few coins that didn’t retrace during the Bitcoin ETF approval.</li>
 <li><strong><a href="https://coinmarketcap.com/currencies/ethena/" target="_blank" rel="noopener noreferrer nofollow">Ethena (ENA)</a></strong>: Backed by a strong team and with no investor unlocks for a while, ENA could potentially see adoption by exchanges and perform well in bullish conditions.</li>
 <li><a href="https://coinmarketcap.com/currencies/arbitrum/" target="_blank" rel="noopener noreferrer nofollow"><strong>Arbitrum (ARB)</strong>:</a> After underperforming for a while, ARB is back on track following the ETF announcement, though Emperor personally avoids it.</li>
 <li><strong><a href="https://coinmarketcap.com/currencies/lido-dao/" target="_blank" rel="noopener noreferrer nofollow">Lido DAO (LDO)</a></strong>: Depending on the approval of staking in the ETF, LDO could see a pump.</li>
</ol>
<h4 class="wp-block-heading">Potential Disappointments</h4>
<p>While highlighting potential winners, Emperor also cautions about tokens that might disappoint, such as:</p>
<ol>
 <li><strong><a href="https://coinmarketcap.com/currencies/renzo/" target="_blank" rel="noopener noreferrer nofollow">Renzo (REZ)</a></strong>: Despite its recent listing on Binance, REZ hasn’t shown significant strength following its launch and is already 30% down.</li>
 <li><strong>Governance tokens with limited utility</strong>: Tokens like REZ,<a href="https://coinmarketcap.com/currencies/xai-games/" target="_blank" rel="noopener noreferrer nofollow"> XAI</a>, and <a href="https://coinmarketcap.com/currencies/ether-fi-ethfi/" target="_blank" rel="noopener noreferrer nofollow">Ether.fi (ETHFI)</a> are flagged for their bad tokenomics and limited real-world use cases, potentially leading to a complacency bounce before further declines.</li>
</ol>
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<p>The post <a href="https://captainaltcoin.com/9-ethereum-eth-tokens-set-to-soar-or-decline-post-etf-approval-pepe-arbitrum-arb-renzo-rez-and-others-in-focus/" rel="noopener noreferrer nofollow">9 Ethereum (ETH) Tokens Set to Soar or Decline Post-ETF Approval: PEPE, Arbitrum (ARB), Renzo (REZ), and Others in Focus</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

9 Ethereum (ETH) Tokens Set to Soar or Decline Post-ETF Approval: PEPE, Arbitrum (ARB), Renzo (REZ), and Others in Focus

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