As the July 23 deadline for the listing of an Ethereum ETF in the United States approaches, a large amount of funds will flow into Ethereum, potentially pushing its price to new highs.
There is a big news today: the Chicago Board Options Exchange (Cboe) announced that five Ethereum spot ETFs will be listed on the exchange on July 23. These ETFs include Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF and 21Shares Core Ethereum ETF. Cboe has issued a new issuance notice, which is one of the procedures before the ETF is issued.
This listing is also expected to impact several meme coins associated with Ethereum, pushing up their prices!!!!
Which meme coins will benefit the most?
Shiba Inu Coin $SHIB
As one of the popular meme coins in the Ethereum ecosystem, SHIB’s value has increased by 122% in the past year and ranks 13th among the cryptocurrencies with the highest market capitalization, reaching $10.13 billion.
Although the price of SHIB has fallen slightly recently, this does not hinder its strong performance in the market. With the launch of Ethereum ETF, a large amount of funds are expected to flow into the Ethereum ecosystem, further driving up the price of SHIB. At the same time, SHIB's community culture and token destruction plan will also provide strong support for its future development.
Pepecoin $PEPE
PEPE is an Ethereum-based meme coin designed to compete with Shiba Inu Coin and Dogecoin. Similar to SHIB, PEPE also has a large community of supporters and an active trading market. With the upcoming launch of the Ethereum ETF, traders generally expect assets related to the Ethereum ecosystem to rise, and PEPE is no exception.
Currently, PEPE ranks third among Meme coins with a market value of $4.9 billion. Although its price has fallen slightly in the past 24 hours, its growth potential is still huge with the launch of the Ethereum ETF. PEPE's community culture and innovative projects will also inject new vitality into its future development.
GROK
As an AI-related Meme cryptocurrency, GROK has attracted much attention in the Meme coin field. The uniqueness of GROK lies in its close integration with AI technology, which provides investors with a new investment option. With the launch of Ethereum ETF, GROK is expected to benefit from it and usher in a substantial increase in price. In addition, GROK's team and technical strength also provide strong guarantees for its future development.
There is no problem with the expected growth of these three coins to be around 10x by the end of the year.
Xiaoru wishes everyone to become rich soon!
If you buy at the bottom in this market, you might end up buying halfway up the mountain. If you don’t buy at the bottom, you might miss the chance to get on board!
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