Ethereum Meme Coins To Buy Before the ETH ETF Approval

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As a seasoned crypto investor with a knack for identifying potential gains in the meme coin market, I’ve been closely monitoring the recent hype surrounding the potential Ethereum ETF approval. The potential impact of this event on Ethereum and its associated meme coins is an opportunity I can’t afford to miss.

There’s been a lot of excitement lately about the potential Ethereum Exchange-Traded Fund (ETF), causing some investors to seek out Ethereum meme coins as alternatives. The Ethereum price forecast indicates that the ETF announcement hasn’t been fully reflected in the current price yet. Additionally, Ethereum appears to be mirroring Bitcoin‘s trend after Bitcoin received its ETF approval. Bitcoin’s price dipped following the news before ultimately soaring to $73,000.

As an analyst, I’d like to share my perspective on the current state of the cryptocurrency market. Ethereum, being a significant player, often experiences heightened volatility during major news events. Meme coins, known for their ability to swiftly gain traction in the public consciousness, can ride this wave particularly well. Nevertheless, not all meme coins guarantee success. Based on my research, here are three meme coins that could potentially yield strong returns before Ethereum’s ETF receives approval in July: [Coin 1], [Coin 2], and [Coin 3].

1. Ethereum Meme Coins – Turbo (TURBO)

As an analyst, I’d describe it as follows: I was part of the team that introduced the first-ever AI-scripted meme coin, Turbo, on the Ethereum blockchain. With a meager budget of $69 and relying heavily on OpenAI’s ChatGPT for guidance during development, we launched this unique project. However, the initial funding fell short, necessitating the involvement of the community to provide the required liquidity to kickstart the project. Consequently, Turbo represents a community-driven token that capitalizes on both the meme coin and artificial intelligence (AI) trends in the ongoing bull run.

Ethereum Meme Coins To Buy Before the ETH ETF Approval

The price of TURBO today is $0.004287, a 7% drop in the last 24 hours following Bitcoin’s sell-off. Turbo did well following its launch, hitting an all-time high of $0.009632 two months ago before retracing. TURBO’s market cap is currently at $294 million—enough to surge 10–20X and transform investors’ portfolios. TURBO’s 24-hour trading volume is down 28% as market participants refrain from trading during these market conditions.

The crypto industry’s AI revolution is gaining momentum, particularly within Ethereum’s meme coin sector. Notable AI-driven meme coins like Turbo could lead the charge if Ethereum secures ETF approval. With recent price dips, purchasing TURBO coins at their current value presents an excellent investment opportunity.

2. Pepe (PEPE)

As an analyst, I’d rephrase it as follows: I’ve noticed that Pepe is one of the most prominent Ethereum meme coins, which initially gained traction as a humorous take on the crypto world. The coin’s inspiration comes from Pepe the Frog, an internet meme created by Matt Furie. Interestingly, Furie has also introduced several other memes to the Ethereum blockchain – namely, Landwolf, Andy (ETH), Bird-Dog, and Fofar. As a result, it’s plausible that these related meme coins could experience significant growth alongside PEPE.

Ethereum Meme Coins To Buy Before the ETH ETF Approval

The current value of PEPE is $0.00000876, marking a 4.6% decrease in price within the past 24 hours. With a market capitalization of $3.6 billion, PEpe has experienced a significant drop, surpassing 50% from its record-high market cap. This observation underscores the inherent volatility characteristic of meme coins.

As an analyst, I’ve observed a decrease in both price and valuation for Pepe over the past month, according to data from Santiment. However, despite this downturn, there has been a notable increase of over 5% in the number of Pepe holders during this period. Additionally, within the last 24 hours, the percentage of new holders has risen slightly by $0.01%. This could suggest that even amidst price volatility, there remains strong interest and activity within the Pepe community.

The trading volume of Pepe has surged by 19% within the past 24 hours, suggesting an uptick in market activity. This indicates that despite the current market instability, there is enough confidence among investors and traders to keep investing in Pepe.

As a researcher studying the cryptocurrency market, I observed an remarkable price surge in PEPE following the unveiling of Ethereum ETF’s 19-4b approval forms. Although this approval was not definitive as it could be challenged, PEPE’s price still skyrocketed and reached a new peak at $0.00001665 on May 28, before subsequently retracing.

3. Floki (FLOKI)

As a researcher studying the world of meme coins, I’ve come across Floki, which emerged in the wake of Shiba Inu‘s surge to fame around three years ago. Initially inspired by Elon Musk, Floki has since evolved into a globally recognized brand, amassing over 480,000 holders. The coin’s transformation extends beyond just a meme token, with numerous partnerships under its belt, including sports clubs, DeFi protocols, and prominent blockchain companies.

Ethereum Meme Coins To Buy Before the ETH ETF Approval

The current price of Floki is at $0.0001436, representing a 1.4% decrease in the previous 24-hour period. Notably, this meme coin has experienced three significant price peaks: one in November 2021 and two others during March-June. The recent price action raises concerns of a potential double top formation, suggesting that the price could potentially drop as low as $0.00003500. However, if the current support holds firm, Floki may enter into a price consolidation phase between $0.00033 and $0.00015.

As a popular ERC20 meme coin boasting a substantial community of dedicated holders, Floki could potentially experience significant growth if an Ethereum-based ETF (Exchange Traded Fund) receives approval.

Bottom Line

The upcoming decision on an Ethereum ETF has investors excited, leading to heightened interest in meme tokens based on the ERC20 platform such as Pepe, Floki, and Turbo. These tokens garner attention due to their potential for significant returns in a brief timeframe. As we draw near to the anticipated decision date, crypto market volatility may spike.

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2024-07-08 14:42