The anticipated launch of spot Ethereum ETFs in the US on July 23 could bring a massive influx of capital into Ethereum. It is predicted that this will have a positive impact on some Ethereum-based memecoins. Here are the memecoins with high earning potential during this period:
Shiba Inu (SHIB)$SHIB
Shiba Inu (SHIB) has seen significant growth in the world of decentralized finance. The value of SHIB, built on the Ethereum network, has increased by 122% in the past year. It currently ranks 13th among the largest cryptos by market cap and has a market cap of $10.13 billion. SHIB's price is currently trading at $0.00001715 and is down 1.91% in the last 24 hours. Despite this decline, SHIB stands out as a strong investment with increased trading activity, systematic token burns and the launch of Shibarium.
Pepper (PEPE)$PEPE
Pepe (PEPE), another Ethereum-based memecoin, aims to rival the popularity of Shiba Inu and Dogecoin. Pepe currently ranks 3rd among memecoins with a market value of $4.9 billion. Its price stands at $0.00001162, down 1.3% in the last 24 hours, but growth potential remains high with the launch of the spot Ethereum ETF.
Floki (FLOKI)$FLOKI
Floki, a former memecoin inspired by Elon Musk, has grown from a meme into a globally recognized brand. Floki is currently trading at $0.000177 and is down 1.14% in the last 24 hours. However, it remains a strong competitor in the memecoin market due to its established presence and community support.
Grok (GROK)
Grok (GROK), an AI-related memecoin, is expected to have stronger connectivity than any other memecoin. It is currently trading at $0.0080 and is up a slight 2.12% in the last 24 hours. This makes Grok stand out as an interesting memecoin to follow.
Popcat (POPCAT)
Popcat (POPCAT) has been the best-performing memecoin in recent weeks, rising 70.4% in the weekly timeframe 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, it can maintain its potential and enter the top 100 projects again, making it an important memecoin to follow.
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