7 Crypto Assets To Buy Amid Spot Ethereum ETF Frenzy

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As a seasoned crypto investor with a few years under my belt, I’m excited about the double-digit market growth we’ve seen lately. The momentum from spot Ethereum ETFs has been a game-changer, and the wider crypto market is reflecting that with an 8.6% increase in the last 24 hours and a $2.6 trillion market capitalization.

Digital assets experienced a significant surge in value, with many gaining over 10% in the market. This upward trend was fueled by the approval and trading of Ethereum-backed exchange-traded funds (ETFs). The overall crypto market witnessed a rise of 8.6% within the last day, reaching a total capitalization of $2.6 trillion. Trading volumes also saw a substantial increase, amounting to $144.83 billion – a 138.37% jump compared to the previous day.

The surge in this trend has led to a larger price increase for crypto assets, meme coins, and DeFi tokens. Here’s a list of seven crypto assets worth considering during the Ethereum ETF excitement.

Ethereum (ETH)

It came as no surprise that Ethereum was the most popular crypto asset purchased by users in the past 24 hours. This digital currency has gained significant momentum due to heightened expectations surrounding potential Ethereum Exchange-Traded Funds (ETFs). The value of Ethereum has surged by 23% today and a robust 31.1% this week. Similar to Bitcoin ETFs, an approved Ethereum ETF is widely believed to trigger a price increase among bullish investors.

Bitcoin (BTC)

The market frontrunner experienced growth during Ethereum’s excitement, with Bitcoin seeing a surge of $71,319, representing a 6.1% increase daily and a more substantial 15% rise this week. Bullish investors rejoice as Bitcoin breaks past its record high once again after a series of price fluctuations.

BNB

The price of BNB currently hovers at $619, marking an 8% rise over the past 24 hours. This cryptocurrency has maintained a positive trend throughout the year, leading to significant long-term gains. Notably, weekly and monthly investments amount to 5.71% and 6.91%, respectively. An uptick in on-chain transactions on Binance serves as an additional optimistic sign for BNB’s price movement.

Solana (SOL) 

Solana has recently surpassed the cryptocurrency market’s short-term growth, with its current price at around $180 following weekly peaks of nearly 23.4%. The asset’s trading volumes have experienced a substantial increase of over 70% today, indicating strong buying demand for Solana in the crypto market.

Dogecoin (DOGE) 

As an analyst, I’ve observed that meme coins have experienced significant inflows as the cryptocurrency market has bounced back this week. Among these meme coins, Dogecoin stands out with a 8.81% increase today and a weekly gain of 9.74%. These impressive figures have ignited a broader surge in the meme coin sector. Notably, daily trading volumes for these assets have surged by 216%, reaching a substantial $2.3 billion.

Ripple (XRP) and Cardano (ADA)

As a crypto investor, I’m observing that Ripple’s price is currently at $0.54, representing a 5% rise in value today. This uptick comes against the backdrop of continued industry growth. Despite ongoing legal battles with the Securities and Exchange Commission (SEC), there’s a sense of optimism among bulls. The anticipation of an Ethereum ETF approval adds fuel to this positive sentiment.

The cryptocurrency Cardano, often referred to as a potential rival to Ethereum, has experienced a bullish trend lately. Its native currency, ADA, is currently priced at $0.50 and has surged by 7% today and an impressive 15.85% this week.

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2024-05-21 17:18