The upcoming July 23 date is known to be the last date Ethereum ETFs will be operational in the US, and this could bring a significant capital inflow to Ethereum, potentially pushing its prices to new highs. Analyst Mustafa Mulla predicts that the ETF launch could impact Ethereum-linked meme coin projects, pushing their prices up. In this context, the analyst shares 5 tokens that may attract the attention of investors.
First up is Shiba Inu Coin (SHIB), a popular meme coin. SHIB, built on the Ethereum network, gained 122% in value last year. It currently ranks 13th among the top cryptos by market cap and has a market cap of $10.13 billion. SHIB Coin is currently trading at $0.00001715 and is down 1.91% in the last 24 hours. However, with increasing trading activity and the launch of Shibarium, it is considered a strong investment opportunity.
In second place is Pepe Coin (PEPE), an Ethereum-based meme coin. Pepe expects assets related to the Ethereum ecosystem to rise with the launch of the Ethereum ETF. It currently ranks 3rd among meme coins with a market cap of $4.9 billion, and its price is down 1.3% in the last 24 hours to $0.00001162. Growth potential remains high with the launch of the Ethereum ETF.
Floki (FLOKI), an old meme coin inspired by Elon Musk, has turned into a globally recognized brand. Floki is well positioned to benefit from the Ethereum ETF approval and is currently trading at $0.000177. Although it has fallen 1.14% in the last 24 hours, it attracts attention in the meme coin market with its strong community support and established presence.
Grok (GROK) is gaining traction in the meme coin space as an artificial intelligence-related cryptocurrency. Grok, which has a stronger Elon Musk connection than other meme coins, is currently trading at $ 0.0080 and has increased by 2.12% in the last day. With these features, Grok stands out as an interesting coin to watch.
Finally, Popcat (POPCAT) was the token that gained 70.4% on the weekly charts and nearly 200% in the past month. It is currently trading at $0.76 with a market cap of $747 million and is down 5.77% in the last 24 hours. However, Popcat has the potential to rise again and could re-enter the top 100 projects, making it an important meme coin to watch.
The Ethereum ETF launch could have the potential to increase the value of these meme coins and present huge opportunities for investors.
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