Market Alert: Brace for Volatility in the Next 72 Hours - Protect Your Trades Now!
Golden market ahead !
In an unexpected twist, the likelihood of the Ethereum ETF's approval has skyrocketed from a mere 10% to a compelling 75% overnight. This seismic shift could catalyze a transformative phase in the cryptocurrency market, placing Ethereum and associated projects in the spotlight. As the $ETH Spot ETF inches closer to approval, certain projects become particularly intriguing.
2024 ETH-Beta Watchlist:
$PEPE: Emerging as the new king of meme coins
$PENDLE: Leading the charge as a top bluechip DeFi
$ENA: Positioned to be a prime beneficiary of the $ETH rally
$METIS: Gaining traction in the "Low Float/High FDV" debate
$ETHFI: Innovating as a super app for restaking
$ALT: Pioneering restaked rollups (RaaS)
$REZ: An emerging lowcap restaking hub
$MKR: Undergoing rebranding/redenomination in its "End Game"
$OP: Supported by Coinbase and Base chain as a prominent L2
$ARB: Dominating with the highest TVL of Layer 2 solutions
$LDO: Transitioning to restaking, backed by Paradigm
$ETC: Standing as the PoW Ethereum
$ENS: Endorsed by Vitalik as 'super important'
$SSV: The only liquid DVT
$UNI: A staple in the Ethereum OG DeFi
Since September 2022, Ethereum ($ETH) has shown prolonged market weakness, causing its ETH/BTC ratio to plummet. However, the imminent approval of the Ethereum ETF could reverse this trend, igniting a significant alt season with ETH-Beta projects poised to capitalize on the ensuing momentum. Narrative-based trading, leveraging the collective sentiment of investors, suggests that when the market consensus is overwhelmingly one-sided, the unexpected often happens. The potential rise of ETH/BTC with the ETF approval could indeed trigger this market shift.