ETFs are the newest trend in the cryptocurrency realm. Exchange-traded funds are now one of the biggest events in the crypto world, having the ability to lure seasoned investors into the sector. With crypto ETFs in the mix, the market can experience a stark overhaul, a positive one on top of it, which can usher in a new influx of funds into the sector. Here are the top three crypto recommendations to stack before the ETF approval mayhem triggers their unpredictable price hike.
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3 Coins To Purchase Ahead of the ETF Mayhem
Cryptocurrency #1: Solana
Solana is the latest crypto coin that is grabbing enough attention and headlines as of late. The token has already received two applications for potential ETFs, adding fuel to the already-igniting fire. If approved, the ETF approval of Solana can spike to new highs, helping the token soar and ascend to the new price of ATH. Per official sources. VanEck and 21Shares have already filed applications for a Solana ETF that can send the token soaring to new price highs. The aforementioned development, if approved, could help SOL holders secure stellar returns soon.
According to CoinCodex, Solana may soon spike by 15% to trade at $161 by the end of July 2024.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 13.97% and reach $161.27 by August 8, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 27 (fear). Solana recorded 15/30 (50%) green days with 5.68% price volatility over the last 30 days.”
Cryptocurrency #2: Ethereum
Ethereum is the second-largest crypto coin by market cap. The token has lately been receiving immense attention due to the ETF approval mayhem that the crypto has been embroiled in as of late. Several companies have already filed for Ethereum ETFs, a scenario that is capable of sending Ethereum to new price heights. The US SEC has already issued several comments, adding that the Ethereum ETF approval process is already underway. Once approved, the domain may attract a heavy influx of funds, which can help ETH holders accumulate major returns.
According to CoinCodex, Ethereum may spike by 3% to trade at a new price threshold of $3,161.
“According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 3.80% and reach $3,196.60 by August 8, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 27 (fear). Ethereum recorded 12/30 (40%) green days with 5.77% price volatility over the last 30 days.”
Cryptocurrency #3: XRP
XRP is another promising crypto token that is grabbing headlines due to its community members urging the authorities to launch an XRP ETF. While there is no active development that entails launching an XRP ETF shortly, several leading experts have issued comments, adding that XRP can be a perfect token, a deserving candidate that needs to have its own ETF.
Ripple’s president, Monica Long, also recently shared her views on launching an XRP ETF.
“About ETFs, I think it would be very sensible for someone to launch an XRP ETF, as XRP has been trading within the top 10 for how long, maybe its entire life? And on top exchanges like Coinbase and Kraken. It’s certainly in the top 5 of daily volume.”
Adding XRP to one’s list of holdings can prove to be a lucrative choice, given the massive popularity of Ripple, which is keeping the token afloat in the long run.
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According to CoinCodex, XRP may surge by 20% to trade at a new price pace of $0.526549.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.76% and reach $0.526549 by August 8, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 27 (fear). XRP recorded 13/30 (43%) green days with 4.42% price volatility over the last 30 days.”