Crypto NewsAltcoinWhich Altcoins Will the Ethereum ETF Approval Benefit? Here is the Altcoin...

Which Altcoins Will the Ethereum ETF Approval Benefit? Here is the Altcoin List to Follow!

Cryptocurrency platform Layergg listed ETH-based altcoins to follow after a possible Ethereum ETF approval.

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While the probability of the SEC approving spot Ethereum ETFs increased to 75% overnight, this development rocketed ETH and cryptocurrency prices.

While ETH increased by 21.7% in the last 24 hours, Ethereum-based altcoins also experienced double-digit increases.

While the rise is expected to continue after a possible ETH ETF approval, cryptocurrency platform Layergg listed the altcoins that can be watched after the approval.

Layergg listed the following Ethereum-based altcoins that could be tracked if ETH ETFs are approved:

“2024 ETH-Beta Watchlist:

• PEPE – New King of Meme • PENDLE – Best Bluechip DeFi • ENA – Main Beneficiary of ETH Rally • METIS – Gains from the “Low Volatility/High FDV” Debate • ETHFI – Super App for Repurchase

• ALT – Regranted Rollups (RaaS) • REZ – Low Cap Repurchase Center • MKR – “End Game” (Rebranding/Renaming) • OP – Powered by L2 Coinbase and Base Chain • ARB – No. of Tier 2. 1 TVL

• LDO – Redemption (Supported by Paradigm) • ETC – PoW Ethereum • ENS – Vitalik's 'Very Important' Mattress • SSV – Liquid DVT only • UNI – Ethereum OG DeFi”

Pointing out that Ethereum has lagged behind the market since September 2022 and has shown signs of weakness against Bitcoin, Layergg stated that the ETH/BTC trading pair has recently approached the bottom.

Finally, Layergg stated that ETH/BTC will rise after the approval of the Ethereum ETF, and that this rise may bring a major altcoin rally, and that ETH-Beta altcoins are the group with the highest potential to benefit from this rally.

*This is not investment advice.

Buradaki Yorumlardan Bildirim Al

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