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The potential approval of an Ethereum-linked ETF could significantly impact the crypto market, driving gains for several altcoins. Here are five altcoins to watch:

1. Chainlink ($LINK )

Chainlink is a key player in the decentralized oracle space, providing crucial infrastructure for Ethereum-based smart contracts. Increased interest in Ethereum could boost demand for LINK.

2. Polygon ($MATIC )

Polygon offers scalability solutions for Ethereum, making it an essential layer-2 solution. An ETF approval could lead to higher usage and adoption, driving MATIC's price upwards.

3. Uniswap ($UNI )

As the leading decentralized exchange on Ethereum, Uniswap would benefit from increased trading activity and liquidity, potentially resulting in a price surge for UNI.

4. Aave (AAVE)

Aave, a major DeFi protocol on Ethereum, could see a rise in activity and total value locked (TVL) with renewed interest in Ethereum, positively impacting AAVE's value.

5. Synthetix (SNX)

Synthetix, a protocol for synthetic assets on Ethereum, could experience heightened demand for its synthetic products, driven by increased confidence in Ethereumā€™s ecosystem post-ETF approval.

Keep an eye on these altcoins as the Ethereum-linked ETF news unfolds. They could be poised for significant growth in the near future.

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