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Top 3 Coins to Buy Before the ETF Chaos
ETFs are the latest trend in the cryptocurrency realm. Exchange-traded funds are now one of the biggest events in the cryptocurrency world, having the ability to attract savvy investors to the space. With cryptocurrency ETFs in the mix, the market can experience a radical overhaul, a positive one at that, which can usher in a new influx of funds into the space. Here are the top three cryptocurrency recommendations to accumulate before the chaos of ETF approvals triggers their unpredictable price increase.
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3 Coins to Buy Before the ETF Chaos
Cryptocurrency #1: Solana
Solana is the latest cryptocurrency that is garnering quite a bit of attention and headlines lately. The token has already received two applications for potential ETFs, adding fuel to the already burning fire. If approved, Solana’s ETF approval can reach new highs, helping the token to surge and rise to the new ATH price. According to official sources. VanEck and 21Shares have already filed applications for a Solana ETF that can take the token to new price highs. The above development, if approved, could help SOL holders secure stellar returns soon.
Second Monetary codeSolana could soon rise by 15% and reach prices of $161 by the end of July 2024.
“According to our current Solana price forecast, Solana price is forecasted to rise by 13.97% and reach $161.27 by August 8, 2024. According to our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 27 (fear). Solana has recorded 15/30 (50%) green days with a price volatility of 5.68% in the last 30 days.”
Cryptocurrency #2: Ethereum
Ethereum is the second largest cryptocurrency by market cap. The token has received immense attention lately due to the ETF approval chaos the cryptocurrency has been involved in lately. Several companies have already filed for Ethereum ETFs, a scenario that can take Ethereum to new price highs. The US SEC has already released several comments, adding that the Ethereum ETF approval process is already underway. Once approved, the domain could attract a large influx of funds, which can help ETH holders accumulate significant returns.
Second Monetary codeEthereum could surge by 3% and reach a new price threshold of $3,161.
“According to our current Ethereum price prediction, Ethereum price is forecast to rise by 3.80% and reach $3,196.60 by August 8, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 27 (fear). Ethereum has recorded 12/30 (40%) green days with a price volatility of 5.77% in the last 30 days.”
Cryptocurrency #3: XRP
XRP is another promising cryptocurrency token that is making headlines as its community members are urging authorities to launch an XRP ETF. Although there is no active development that involves the launch of an XRP ETF anytime soon, several prominent experts have commented, adding that XRP can be a perfect token, a worthy candidate who needs to have his Own ETFs.
Ripple President Monica Long also recently shared her thoughts on launching an XRP ETF.
“As far as ETFs go, I think it would make a lot of sense for someone to launch an XRP ETF, given that XRP has been trading in the top 10 for how long, maybe its entire life? And on major exchanges like Coinbase and Kraken. It’s definitely in the top 5 by daily volume.”
Adding XRP to your wallet can prove to be a lucrative choice, given Ripple’s huge popularity, which keeps the token afloat in the long run.
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Second Monetary codeXRP could surge by 20% and reach a new price pace of $0.526549.
“According to our current XRP price prediction, XRP price is forecast to rise by 20.76% and reach $0.526549 by August 8, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 27 (fear). XRP has recorded 13/30 (43%) green days with a price volatility of 4.42% in the last 30 days.”