Three Ethereum Altcoins That Could React with an Explosive Gain After the ETF Approval

With the ETF approval imminent, analysts have devised three Ethereum altcoins that could react with an explosive gain. Floki Inu, Shiba Inu, and PEPE

The US Securities and Exchange Commission (SEC) took the first step to approving spot Ethereum (ETH) Exchange-Traded Funds (ETFs) on May 23, pending the subsequent approval of the amended S-1 documents for trading to commence.

According to a Crypto News Flash report, the president of THE ETF Store, Nate Geraci, believes a decision could be made in mid-July, with the final S-1 document expected to be submitted on July 12.

With the ETF approval imminent, analysts have devised three Ethereum altcoins that could react with an explosive gain.

Floki Inu

According to CoinCodex data, FLOKI may record a significant surge of nearly 222% by July 28 to trade at $ 0.00055.

The price of Floki Inu is predicted to rise by 225.91% and reach $ 0.00055 by July 28, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 47 (Neutral). Floki Inu recorded 13/30 (43%) green days with 22.09% price volatility over the last 30 days.

At press time, FLOKI was trading at $0.000142 after staging a bullish reversal to record a 9.7% surge in the last 24 hours. However, its seven-day return remains negative, having recorded a 16% decline and 54% decrease in the last 30 days.

Outside its price surge capabilities, Floki is backed by an active community ecosystem coupled with unique marketing strategies.

Shiba Inu

Shiba Inu is another Ethereum altcoin that is expected to “rise to the moon” after the ETF approval. According to CoinCodex, it may surge by 65% to trade at $0.00002884.

The Shiba Inu price forecast for the next 30 days is a projection. It is based on the positive/negative trends in the past 30 days. SHIB will be changing hands at $ 0.00002884 on Jul 5, 2024, gaining 65.31% in the process.

At press time, this meme coin was trading at $0.00001536 after recording a staggering surge of 15% in the last 24 hours. However, its seven-day return was still in “red,” with a 9.9% decline and a 38% fall in the last 30 days.

PEPE

PEPE recently made a 3000% surge following the appreciation of the GME stock price. According to CoinCodex, this asset could replicate a similar move in the long term after the Ether ETF approval. In the short term, PEPE is expected to rise by 200% by July 28 to record an all-time high price of $ 0.00003972.

The price of Pepe Coin is predicted to rise by 225.55% and reach $ 0.00003972 by July 28, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 47 (Neutral). Pepe Coin recorded 11/30 (37%) green days with 11.17% price volatility over the last 30 days.

At press time, PEPE was trading at $0.00000912 after surging by 13% in the last 24 hours. However, it has declined by 21% and 37% in the last seven and 30 days, respectively.

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