The#spotETFcraze has hit Ethereum, and investors are looking for the next cryptocurrencies that could benefit from this trend.
#Uniswap $UNI , the king of decentralized exchanges on Ethereum, is a strong candidate. With a history of tracking the price of ETH, a new Ethereum ATH could be the catalyst Uniswap needs to take off.
On January 10, 2024, we received the great news that the #SEC had approved the $BTC spot ETFs, which pushed the price from $40K to new all-time highs in just a few months and secured a potential inflow of institutional capital.
Meanwhile, Ethereum has been the second cryptocurrency to receive approval for its spot ETF and, if we think it can behave similarly to BTC, it is very likely to reach new all-time highs in the following months. This presents us with a great opportunity to put a possible sleeping giant on our watchlist:
UniSwap, the largest decentralized exchange for ETH is one of the tokens with the greatest potential to give us a big move, accompanying the takeoff of its native network, if it maintains its historical behavior, moving in tandem with ETH. That is why, securing a small percentage of our portfolio with UNI & ETH seems like a tempting option in the long term, preparing for the next bull market.
