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The cryptocurrency landscape is set for a major transformation with the recent SEC approval of Ethereum ETF listings. This regulatory green light is expected to draw in significant investments and corporate players, consequently leading to a surge in ETH. This development echoes the past when the introduction of BTC ETFs triggered a surge in Bitcoin’s value, underscoring the significance of such regulatory approvals.
According to numerous industry experts, Ethereum is on its way to reaching prices as high as $4,500 ahead of the ETF launch, which would mean the token would reach new all-time highs. Of course, such a development would also result in gains for all ETH-based altcoins, including Dogeverse, Wiener AI, and Sponge V2. So, let’s see what’s going on from up close.
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Ethereum ETF Approval Bodes Well for the Crypto Market
SEC’s green light for the 19b-4s applications for ETH spot ETFs was followed by a sharp rise on the Ethereum price chart. ETH increased by nearly 3% in the past 24 hours, surpassing the $3,900 price point for the first time in months.
The news about ETH ETF approval comes after months of claims by leading banks and financial institutions that such an event is impossible. Naturally, as soon as the news broke, social media networks exploded worldwide, resulting in a major uptrend in ETH token prices, with gains of over $320 in less than three days.
That said, many experts were expecting to see the crypto rise above the $4,000 level, which would be still much lower than its previous all-time high of $4,721. In fact, Ethereum entered a bearish market despite recent gains, as the RSI shows a slowing down in growth potential. The weakening momentum could see a retraction of prices below the $3,900 level, but things could swing both ways, and ETH could also reach $4,500 with enough support in the next few weeks. The situation is truly unique, and the increased volatility is forcing many investors to wait and see what the future brings. However, many of them are now focusing on upcoming ETH-based altcoins showing significant growth potential, so let’s see which ones are the most likely candidates for explosive gains in the upcoming months.
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Dogeverse – New Multi-Chain Meme Coin Presale Sells Out
Dogeverse is one of the most popular new crypto projects you can read about on almost every crypto-related portal on the internet. It’s the world’s first doge-inspired multi-chain meme coin project that offers a unique mix of features, state-of-the-art tokenomics, and deployments on six different blockchains. Originally launching on Ethereum, the project will deploy on Solana, Binance Chain, Polygon, Avalanche, and Base in the future.
The approach will allow users to transfer their $DOGEVERSE tokens to any of the six supported blockchains. That allows them to enjoy an impressive variety of features while ensuring that Dogeverse gets a massive reach within the crypto community. Apart from its impressive interoperability made possible through Portal Bridge and Wormhole technologies, Dogeverse also offers high staking rewards to long-term holders with APYs of over 47%.
The hype surrounding the project is still growing every day, allowing the ongoing presale to raise well over $15 Million. It is now close to hitting the hard cap of $17 Million and less than a month away from its official launch on all major listings. You still have a few days to invest in $DOGEVERSE tokens early, and if the situation with Ethereum ETFs results in gains in the next few weeks, you can expect significant returns on your investments.
Wiener AI – Ethereum-Based AI-Powered Meme Coin With High Utility
Wiener AI is another Ethereum-based meme coin that appeared in presale a few weeks ago. It’s an entirely AI-powered project with a built-in trading bot that allows users to find and execute the best crypto trades, ensuring that they never miss another high-return investment.
The project’s AI pulls information from multiple major exchanges, finding the most promising investment options with the highest chances of exploding in the near future. It also provides a detailed analysis of the current state of the market and signals that allow you to execute trades at the best possible moment. Think of it as an AI assistant that monitors the state of the market in real-time, providing accurate predictions that can help you earn the highest returns.
The project’s interface is simple and easy to use. It provides users with valuable insights and comparisons, making it easy to find good investment options. For a meme coin, Wiener AI offers a ton of features and excellent token utility, setting itself apart from many other memes on the market.
Currently, native $WAI tokens are available in an ongoing presale that raised over $3.2 Million in the past month, so you still have time to get in early to earn the highest returns once ETH explodes and ETH ETFs go live in the near future.
Sponge V2 – Upgraded Version of One of the Highest-Gaining Memes of 2023
Sponge V2 is another upcoming meme coin making huge steps towards greatness, following the path paved by its predecessor, $SPONGE, in 2023. The original token reached a market cap of over $100 million weeks after going live, resulting in gains of well over 3,000% last year. The new version is built on the same community, offering better token utility, higher staking rewards, and a P2E game.
The new version will go live in the next few months and give investors who missed the release of $SPONGE another shot at x100 returns. Sponge V2 tokens can only be obtained through a Stake-to-Bridge reward system that requires you to buy and stake original $SPONGE tokens for higher returns. The current reward rate is 162%, and there are well over $24 Million $SPONGE staked.
With the imminent release, all early investors are likely to get huge returns, especially if ETH pumps in the upcoming period. Make sure to visit the official site and invest while you still can to earn the highest profit in 2024 and beyond.
Final Words
There is no doubt that Ethereum is making significant strides toward greatness in the next few weeks, and its price movements will likely impact thousands of altcoins on the market. If the hype surrounding Ethereum ETFs keeps growing, the token could easily break the elusive $4.500 mark after years of dormancy, boosting many other coins in the process.
Emerging tokens covered above are about to go live along with Ethereum ETFs, which could give them a massive boost in value, resulting in some of the highest gains in the entire crypto sector. So, make sure you invest early to get the most out of the expected crypto market expansion.
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Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.
