Ethereum ETFs will favor certain altcoins
Everyone is anxiously awaiting the deadline: rumor has it that the SEC approval of the Ethereum ETF is potentially just hours away. It would trigger a real price explosion. But be careful, some altcoins could benefit more than others.
As it has been throughout the week, ETH should be the first example of an uptrend. Therefore, the tokens in its ecosystem should also follow suit! Tier 2 projects are trendy and institutions are attracted to them. If approved, for example, we could see that tokens hosted by Base do a nice bounce.
To go further: Layer 2 vs Layer 1: what are the differences?
Other potentially bullish cryptocurrencies include Polygon (MATIC), Immutable (IMX), Chainlink (LINK), Uniswap (UNI). Watcher.Guru gives a special mention to Arbitrum (ARB) and Optimism (OP) due to their popularity in recent weeks.
Also note possible bull runs on the side of AI tokens from Ethereum such as Render Network (RNDR), Fetch.ai (FET) or AIOZ Network to name a few. That, especially since NVIDIA’s results were released tonight, could give them a boost.
Special mention for the same horns
You have no doubt noticed: the more investors rejoice over the upcoming arrival of the Ethereum ETF, the more the same coins explode. But even here the winners are those from Vitalik Buterin’s network. PEPE, for example, gained 5% of its value overnight.
Other tokens in the ecosystem to watch in this perspective, Shiba Inu (SHIB), whose project is currently making waves with a future listing, Mog Coin (MOG), Floki Inu (FLOKI) or even Milady Meme Coin (LADYS ). But watch out for volatility!
Moral of the story: everything is easier when you know which altcoins to bet on!
Disclaimer
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