Top Altcoins Poised for 100x Gains Following Approval of Ethereum ETFs
Ava Monaro Highlights Ten Altcoins, Including Shiba Inu (SHIB), Poised for Significant Gains Following Approval of Ethereum ETFs
In a recent development in the cryptocurrency market, the approval of multiple Ethereum spot exchange-traded funds (ETFs) has sparked excitement among investors, with expectations of a potential rally that could impact various altcoins, including Shiba Inu (SHIB).
Ethereum ETFs Record Over $2.2B in Net Inflows
The Ethereum ETFs officially began trading last week after receiving approval from the SEC for their S-1 applications. On the first trading day, these funds saw over $1 billion in volume, with eight out of the nine approved funds experiencing inflows.
According to CoinShares data, the eight exchange-traded funds have collectively generated over $2.2 billion in net inflows. This influx of capital has led market observers to speculate that it could have a positive impact on the price of Ethereum, which in turn could drive up the values of other altcoins.
Top 10 Altcoins Poised for 100x Surge
Crypto enthusiast Ava Monaro has identified the top 10 altcoins that she believes could experience significant gains ranging from 1,000% to 10,000% following the approval of spot Ethereum ETFs. These altcoins include Shiba Inu (SHIB), Byte (BYTE), Ethereum Name Service (ENS), Render (RNDR), Baby DogeCoin (BabyDoge), Turbo (TURBO), Pepe (PEPE), Bonk (BONK), Toncoin (TON), and Ondo (ONDO).
Monaro’s analysis suggests that the increased interest in Ethereum ETFs could lead to substantial price increases for these altcoins.
Shiba Inu Potential Surge to $0.0001 – $0.001 Territories
As an example, Shiba Inu is currently trading at $0.00001673, but a 10x surge would push its price to $0.00018403. A 10,000% surge from its current price would see SHIB reaching $0.00168973.
While experts have projected that SHIB could reach the $0.0001 to $0.001 range in a bull market, it is important to note that these are speculative predictions and not guarantees of future performance.
Currently, SHIB is down 2.24% in the past 24 hours, trading at $0.00001673 per token. It has also seen a 2.4% decline in the weekly charts.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Readers are advised to conduct their own research before making investment decisions.
