Today is Friday, May 24, 2024. The SEC has approved all spot E-Ethereum ETFs at the same time. This is the second major milestone this year. The top two cryptocurrencies now have spot ETFs. In the past ten hours, Ethereum has fluctuated greatly, with price fluctuations ranging about 10%. Ethereum's highest point is close to $4,000, and the lowest point briefly approached $3,500.

Late yesterday, according to Bloomberg ETF analyst Eric, U.S. congressmen wrote to urge the SEC to approve the spot Ethereum ETF as soon as possible, and also mentioned other digital asset ETFs. It seems that after the Ethereum ETF is approved, there will be more cryptocurrency spot ETF applications in the future. Under the current leadership of Democratic President Biden, it seems that in order to gain more support from young people, the SEC has changed its original attitude for political needs. In any case, the final result is what we hope to see.


Which altcoins have the potential to be bought at the bottom?


GHOST:

In September 2018, ETHLend changed its name to Aave. "Aave" is a Finnish word that means "ghost". "Ghost" represents Aave's efforts to create a transparent and open infrastructure for decentralized finance. Aave is headquartered in London, UK, and is composed of 18 innovative and creative industry leaders.


ETHLend is a decentralized p2p lending platform that allows people around the world to get loans or become lenders. As a decentralized platform, using blockchain technology, we allow you to get loans or financing in a secure way within minutes.
Since the first release, many features have been added such as Bitcoin as collateral, crowdfunding, fractional collateral calls, new currencies such as stable coins, over 150+ ERC20 collateral and more.


Aave Pay is a service that allows European users to pay in fiat (currently EUR) using their favorite cryptocurrencies (LEND, DAI, BTC, ETH, ADA, LTC, BCH, XLM, XRP, USDT, KCS, and BNB). With this service, users can get a loan in ETHLend and send it directly to their bank account, or cash out crypto directly without going through a complicated process, just by sending a transaction.


Aave decentralized lending pool is a new and improved lending model that complements the ETHLend P2P lending model. In this new lending model, users will be able to become lenders and borrowers by simply depositing assets into the pool and earning passive income from their holdings, and can also use them as collateral.


Compared to similar lending models, our DLPs will have new features and improvements, allowing borrowers to switch between fixed and variable rates at any time, and provide an open source protocol that allows anyone to build on DLPs and use the service through our client, directly using the smart contract's ABI API.


POND：

Marlin (POND) is an open protocol that provides high-performance programmable network infrastructure for DeFi and Web 3.0.

POND is Marlin’s native utility token and has the following use cases:
Governance: POND token holders can vote on governance decisions, including the use of funds in the funding pool and the allocation of network resources.
Protocol Incentives: Users can earn POND tokens as rewards when sending or receiving data in the Marlin network.
Staking: Nodes need to stake POND tokens to join and participate in the Marlin network.


OSMO：

Osmosis is an advanced AMM protocol built with the Cosmos SDK that will allow developers to design, build, and deploy their own custom AMMs. The OSMO token is a governance token that provides a decentralized coordination method for token holders to decide the strategic direction of the Osmosis protocol and all future changes.


Summarize:

 

Remember, if you view your position as a long-term investment, a market drop should be viewed as a gift. It provides an opportunity to buy more tokens.

 

Finally, it is crucial to have a strategy before making any purchases, and never invest all of your money.