The month of May ushered in a drastic change within the cryptocurrency realm. The cryptocurrency world witnessed a stark elemental change in its regime when Ethereum ETFs received their long-due approval from the US regulator. The approvals denote much more than the regular Ethereum ETF exposure to investors. But in essence, they represent their progressing expansion of this realm, a robust value infrastructure being built within the crypto space.
Several altcoins followed Ethereum’s skyrocketing price route upon the widely anticipated Ether ETF approvals. As ETH surged to touch the $3,900 mark, leading altcoins peaked alongside Ethereum, projecting a momentous turn of events within the crypto space.
Here are the top 3 coins that may leverage Ether ETF Hype to deliver a stellar return this June.
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Top 3 Coins Banking On Ethereum ETF Hype This June
Image Source: WatcherGuru
Cryptocurrency #1: Pepe
The internet’s favorite frog theme token, Pepe, is now inching towards establishing its own price, ATH. The token followed Ethereum’s meteoric surge to $3,900 and is currently sitting at a price level of $0.00001652. As the token closely follows and monitors Ethereum’s moves, it may soon leverage the current ETF hype to climb above the predicted price radar.
Per CoinCodex, Pepe might surge more than 210% next month to sit at a new price ATH of $0.00005341.
“According to our current Pepe Coin price prediction, the price of Pepe Coin is predicted may rise by 230.59% and reach $0.00005341 by June 27, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 72 (greed). Pepe Coin recorded 19/30 (63%) green days with 27.28% price volatility over the last 30 days.”
Cryptocurrency #2: MOG
MOG is the newest cryptocurrency meme coin launched on Ethereum to spike as a result of the latest Ethereum ETF hype. The token is dubbed a cat-theme token on Ethereum, which intends to revolutionize the world of meme coins.
Per CoinMarketcap, the ecosystem describes itself as unique and unapologetic in its own way.
“MOG comprises passion for memes and viral content! We’re not just some copycat project trying to ride the coattails of others. Nah, bro, we’re carving our own path, and it’s paved with pure, unadulterated humor!” The token description says
According to CoinCodex, MOG is expected to cross the 200% surge mark and later trade at a price level of $ 0.04712 this June.
“According to our current Mog Coin price prediction, the price of Mog Coin may rise by 221.91% and reach $ 0.04712 by June 27, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 72 (greed). Mog Coin recorded 15/30 (50%) green days with 34.71% price volatility over the last 30 days.”
Cryptocurrency #3: XRP
XRP is also banking on the current ETF hype. The analysts at Standard Chartered have predicted that XRP and Solana ETFs may soon become a reality for traders one day, fueling investors’ hope for the tokens to hit massive price highs. The market momentum has turned positive for XRP, which may help the token receive a much-needed price push and help it break through the critical price resistance levels.
Per CoinCodex, XRP may soon hit the $0.60 price level in June 2024.
“According to our current XRP price prediction, the price of XRP may rise by 20.73% and reach $0.636496 by June 27, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 72 (greed). XRP recorded 16/30 (53%) green days with 2.29% price volatility over the last 30 days. Based on the XRP forecast, it’s now a bad time to buy XRP.”
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Several analysts also predicted a new $1.5 price threshold for the token to reach next week. This makes XRP an ideal token to hold and purchase in the long run.