The month of May heralded a drastic change within the cryptocurrency realm. The cryptocurrency world witnessed a major elemental change in its regime when Ethereum ETFs received their long-awaited approval from the US regulator. The approvals mean much more than regular Ethereum ETF exposure to investors. But at their core, they represent their progressive expansion of this realm, building a robust value infrastructure within the crypto space.
Several altcoins followed Ethereum's skyrocketing price route following the widely expected Ether ETF approvals. As ETH reached the $3,900 mark, the leading altcoins peaked alongside Ethereum, projecting a momentous turn in events in the crypto space.
Here are the top 3 coins that can use Ether ETF Hype to make great returns in June.
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Top 3 coins banking on Ethereum ETF hype in June
Cryptocurrency #1: Pepe
The internet's favorite frog-themed token, Pepe, is now on its way to setting its own price, ATH. The token followed Ethereum's meteoric rise to $3,900 and is currently at a price level of $0.00001652. Since the token closely follows and monitors Ethereum's movements, it may soon leverage the current ETF hype to rise above the forecast price radar.
Per CoinCodexPepe could rise more than 210% next month to sit at a new price (ATH) of $0.00005341.
“According to our current Pepe Coin price forecast, the price of Pepe Coin is predicted to increase by 230.59% and reach $0.00005341 by June 27, 2024. According to our technical indicators, current sentiment is bullish, while the Fear & Greed Index shows 72 (greed). Pepe Coin recorded 19/30 (63%) green days with a price volatility of 27.28% over the last 30 days.”
Cryptocurrency #2: MOG
MOG is the latest cryptocurrency meme coin launched on Ethereum that has spiked due to the latest Ethereum ETF hype. The token is called a cat-themed token on Ethereum, which aims to revolutionize the world of meme coins.
According to CoinMarketcap, the ecosystem describes itself as unique and unapologetic in its own way.
“MOG includes passion for memes and viral content! We are not just a copycat project trying to fill the shoes of others. No, buddy, we're paving our own path, and it's paved with pure, unadulterated humor!” The token description says
According to CoinCodexMOG is expected to cross the 200% peak and trade at a price level of $0.04712 later in June.
“According to our current Mog Coin price forecast, Mog Coin price could increase by 221.91% and reach $0.04712 by June 27, 2024. According to our technical indicators, current sentiment is bullish, while the Fear & Greed Index shows 72. (greed). Mog Coin recorded 15/30 (50%) green days with a price volatility of 34.71% over the past 30 days.”
Cryptocurrency #3: XRP
XRP also responds to the current ETF hype. Standard Chartered's analysts have predicted that XRP and Solana ETFs could one day soon become a reality for traders, fueling investor hopes that the tokens will reach massive price highs. Market momentum has turned positive for XRP, which could help the token gain a much-needed price boost and help it break critical price resistance levels.
Per CoinCodexXRP could soon reach the $0.60 price level by June 2024.
“According to our current XRP price forecast, the price of XRP could increase by 20.73% and reach $0.636496 by June 27, 2024. According to our technical indicators, current sentiment is bearish, while the Fear & Greed Index shows 72 (greed). . XRP recorded 16/30 (53%) green days with a price volatility of 2.29% over the past 30 days. Based on the XRP forecast, now is a bad time to buy XRP.”
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Several analysts also predicted that the token would reach a new price threshold of $1.5 next week. This makes XRP an ideal token to hold and buy in the long term.