The cryptocurrency market is unpredictable and highly volatile. With the ETF wave soaring and sweeping the space, certain murmurs and possible speculations of certain coins have entered the ETF space.
As Bitcoin and Ethereum ETFs trend globally, the speculative spree on X is now vying for these three tokens to avail themselves of their own ETF status. With the unpredictability factors manifesting in the right direction, these coins, if scooped now, can help investors double their returns.
Also Read: ASEAN GCC Alliance: A Game Changer for the US Dollar?
Top Crypto Coins to Stash: SOL, XRP, SHIB Before ETFs
1. Solana (SOL)
Solana (SOL) has undoubtedly been one of the most bullish coins of 2024. The token has outpaced significant crypto coins in its wake and is consistently claiming new price highs.
The SOL token was the center of all mainstream meme coin activity this year and is currently inching towards claiming the $200 price mark.
According to Changelly, Solana may stabilize and hit $226 by the end of this year, rising 47% in the process.
“According to the technical analysis of Solana prices expected in 2024, the minimum cost of Solana will be $139.51. The maximum level that the SOL price can reach is $183.07. The average trading price is expected to be around $226.63.”
Per Matthew Sigel, Head of Digital Assets at VanEck, Solana ETFs may be in a queue to be launched as the next set of ETFs. Hence, they make a lucrative coin holding for investors to store in the long run.
2. Ripple (XRP)
Ripple (XRP) needs no introduction, as the token has always been the most important highlight of the cryptocurrency world. The token is currently battling a legal case with the US SEC. The verdict, which can arrive anytime now, can either make or break the XRP market price. With the optimism spreading around, XRP may make a significant price comeback.
According to Changelly, XRP may surge and spike by 33% to hit the $0.87 price mark.
“According to the technical analysis of XRP prices expected in 2024, the minimum cost of XRP will be $0.459. The maximum level that the XRP price can reach is $0.665. The average trading price may be around $0.871. Potential ROI: 33% ”
However, the metrics can drastically change if XRP ETFs are approved soon. Per notable crypto analyst Jack The Rippler, speculation concerning an XRP ETF is running amok as Ripple’s partner SBI enters the US ETF market.
3. Shiba Inu (SHIB)
The Shiba Inu community is one of the most robust cryptocurrency communities.
Additionally, Shiba Inu’s marketing lead, Lucie, once shared how Shiba Inu ETF would be an excellent development that would help contribute to SHIB’s global expansion. Lucie took to X to share a detailed development assessment, adding how it will help popularize SHIB globally.
“Increased Demand: Listing SHIB in an ETF could boost demand and liquidity, potentially increasing its value.”
As per Changelly, Shiba Inu will end the year 2024 positively. The token may spike by 59% to hit the $0.0000153 price.
“According to the technical analysis of Shiba Inu prices expected in 2024, the minimum cost of Shiba Inu will be $0.0000153. Because the maximum level that the SHIB price can reach is $0.0000255. The average trading price is expected to be around $0.0000358.”
Conclusion on SOL, XRP, & SHIB Crypto ETF
Dogecoin’s journey has been a rollercoaster, but a significant bull run is still possible. With analysts like Kevin predicting a surge, the future looks promising for DOGE holders.