As the cryptocurrency market eagerly awaits the potential approval of an Ethereum Exchange-Traded Fund (ETF), investors are on the lookout for coins that could deliver substantial returns.
The approval of an Ethereum ETF would mark a great milestone for the crypto industry, potentially opening the doors to increased institutional investment and mainstream adoption.
In this article, we will explore the top three cryptocurrencies to consider buying for potential 5X gains in anticipation of the Ethereum ETF approval: PEPE, Optimism (OP), and Arbitrum (ARB).
Also read: Cryptocurrency: Top 3 Coins To Buy Now In Anticipation of Ethereum ETF Approval
PEPE
PEPE has been grabbing attention because of its impressive price performance. Currently trading at $0.00001377, PEPE has experienced a remarkable 25.83% increase in the past 24 hours, with a 24-hour low of $0.00001094 and a high of $0.00001422.
In addition, as the anticipation of the Ethereum ETF approval builds, PEPE’s unique branding and strong community support have positioned it as a potential beneficiary of the increased market enthusiasm.
Also read: Top 3 Meme Coins To Buy Now As Bitcoin Reclaims $71,000
Optimism (OP)
Optimism (OP), a layer 2 scaling solution built on top of Ethereum, has been gaining traction among investors and developers alike.
Currently trading at $2.74, OP has seen a 3.76% increase in the past 24 hours, with a 24-hour low of $2.73 and a high of $3.01. Also, as the demand for layer 2 solutions grows and the anticipation of the Ethereum ETF approval builds, Optimism is well-positioned to benefit from the increased attention and potential influx of investment, potentially leading to 5X gains.
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Arbitrum (ARB)
Arbitrum (ARB) utilizes optimistic rollups to provide a high-speed, low-cost environment for DeFi applications and other Ethereum-based projects.
Currently trading at $1.18, ARB has experienced a 2.24% increase in the past 24 hours, with a 24-hour low of $1.14 and a high of $1.23.
Also read: Standard Chartered Predicts Ethereum ETF Approval This Week; Sets ETH Price Target
As more projects migrate to Arbitrum and the anticipation of the Ethereum ETF approval continues to build, ARB could potentially see significant price appreciation and deliver 5X gains to investors.
The potential approval of an Ethereum ETF has generated excitement and anticipation within the cryptocurrency community. As investors seek to capitalize on this potential milestone, PEPE, Optimism (OP), and Arbitrum (ARB) have emerged as top contenders for delivering substantial returns.