Altcoins
Altcoin ETH Under the Radar with Potential Ahead of ETF Launch
- Three Ethereum altcoins, Floki Inu (FLOKI), Pepe (PEPE), and Shiba Inu (SHIB), have been predicted to post significant returns following the approval of the Ether ETF.
- According to the data, FLOKI could increase by 222%, Shiba Inu by 65% and Pepe by 200% by July 28.
On May 23, the U.S. Securities and Exchange Commission (SEC) took the first step in approving spot Ethereum (ETH) exchange-traded funds (ETFs), pending subsequent approval of amended S-1 filings to begin trading.
According to a Crypto News Flash relationshipTHE ETF Store President Nate Geraci believes a decision could be made by mid-July, with the final S-1 filing due on July 12. With ETF approval imminent, analysts have come up with three Ethereum altcoins that could respond with explosive gains.
Floki Inu
According to CoinCodex data, FLOKI could see a significant increase of nearly 222% by July 28, settling at $0.00055.
Floki Inu price is forecasted to rise by 225.91% and reach $0.00055 by July 28, 2024. According to our technical indicators, the current sentiment is Bearish while Fear & Greed Index is showing 47 (Neutral). Floki Inu has recorded 13/30 (43%) green days with price volatility of 22.09% in the last 30 days.
At press time, FLOKI was trading at $0.000142 after staging a bullish reversal to post a 9.7% gain in the past 24 hours. However, its seven-day performance remains negative, having seen a 16% decline and a 54% decline in the past 30 days.
In addition to its price-raising capabilities, Floki is supported by an active community ecosystem coupled with unique marketing strategies.
Shiba Inu Dog
Shiba Inu is another Ethereum altcoin that is expected to “go to the moon” after ETF approval. According to CoinCodex, it could surge 65% to trade at $0.00002884.
Shiba Inu price prediction for the next 30 days is a projection. It is based on the positive/negative trends of the last 30 days. SHIB will change hands at $0.00002884 on July 5, 2024, gaining 65.31% in the process.
At press time, this meme coin was trading at $0.00001536 after seeing a staggering 15% surge in the last 24 hours. However, its seven-day return was still in the “red,” down 9.9% and down 38% over the last 30 days.
PEPPER
PEPE recently surged 3000% following the appreciation of GME stock price. According to CoinCodex, this asset could replicate a similar move in the long term after the approval of the Ether ETF. In the short term, PEPE is expected to surge 200% by July 28 to record an all-time high price of $0.00003972.
Pepe Coin price is forecasted to rise by 225.55% and reach $0.00003972 by July 28, 2024. According to our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 47 (neutral). Pepe Coin has recorded 11/30 (37%) green days with price volatility of 11.17% in the last 30 days.
At press time, PEPE was trading at $0.00000912 after a 13% surge in the last 24 hours. However, it has fallen 21% and 37% in the last seven and 30 days respectively.
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