🔹 After Ethereum ETFs got the green light, the market is witnessing a state of activity and great investment.
This new investment opportunity could shift market dynamics and provide significant benefits, not only to Ethereum, but also to several other cryptocurrencies linked to its ecosystem.
◾ In this article, we will review five digital currencies that can benefit from this approval:
❶ Ethereum (#ETF_ETH ):
As the second largest digital currency by market capitalization, Ethereum has seen a significant rise since the beginning of this year and even in recent days. The recent approval of Ethereum ETFs by the US Securities Commission opens the door to an even greater increase in the value of Ethereum.
❷Polygon ($matic):
The Polygon project, which focuses on improving Ethereum's scalability via Layer 2 solutions, could see an increase in usage and value as institutional interest in Ethereum increases. Its MATIC token is an important asset in the Ethereum ecosystem.
❸ Uni Swab ($UNI ):
UniSwap is a decentralized Ethereum-based trading platform that uses the UNI token. As institutional interest in Ethereum grows, UniSwap could see an increase in usage and liquidity.
❹ Chain Link ($LINK ):
Chainlink is a decentralized oracle network that plays a vital role in connecting smart contracts to real-world data. Its importance in the decentralized finance (DeFi) ecosystem and its integration with many Ethereum-based projects make it a good candidate for growth after Ethereum ETFs are approved.
❺ Avi ($AAVE ):
Avi is a decentralized finance protocol that allows people to lend and borrow cryptocurrencies. With its strong presence in the Ethereum ecosystem, Avi could see an increase in usage and investment.
❍ Here we reach the end. All of the currencies we mentioned are not considered investment advice. The purpose of mentioning them here is to discuss our opinions together.
In your opinion, which currencies have benefited or will benefit from the decision to approve Ethereum funds? Share your opinion with us in the comments.
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