Top Meme Coins to Explode as Ethereum ETFs Launch
The post Top Meme Coins to Explode as Ethereum ETFs Launch appeared first on Coinpedia Fintech News
As the final date of July 23 for Ethereum ETFs to go live in the US approaches, experts predict a massive influx of capital into Ethereum, potentially pushing its price to new heights. This launch is also expected to impact several meme coins linked to Ethereum, driving their prices up too. Here are the top meme coins to watch out for massive profit.
1. Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB), a popular meme coin, has seen significant growth in the decentralized finance landscape. Built on the Ethereum network, SHIB’s value has increased by 122% over the past year. Currently ranked 13th among the top crypto by market cap, SHIB boasts a market capitalization of $10.13 billion.
As of now, SHIB’s price is trading at $0.00001715, reflecting a 1.91% decline in the last 24 hours. Despite this drop, SHIB remains a strong investment due to increased trading activity, systematic token burns, and the rollout of Shibarium, offering buyers the opportunity to accumulate more SHIB at a discounted price.
2. Pepe (PEPE)
Pepe, an Ethereum-based meme coin, aims to rival the popularity of Shiba Inu and Dogecoin. With the upcoming Ethereum ETF launch, traders expect assets related to the Ethereum ecosystem to rally.
Pepe is currently ranked 3rd among meme coins with a market cap of $4.9 billion. Its price stands at $0.00001162, reflecting a 1.3% drop in the past 24 hours, but its potential for growth remains high with the launch of the Ethereum ETF.
3. Floki (FLOKI)
Floki, an older meme coin inspired by Elon Musk, has evolved from a meme to a globally recognized brand. As an ERC20 meme coin with a large holder base, Floki is well-positioned to benefit from the Ethereum ETF approval.
Currently trading at $0.000177, Floki has seen a drop of 1.14% in the last 24 hours but remains a strong contender in the meme coin market due to its established presence and community support.
4. Grok (GROK)
Grok (GROK) has gained attraction in the meme coin space, as an AI-related meme cryptocurrency. It is also expected that Grok has the strongest connection to Elon Musk than any other meme coin.
Currently priced at $0.0080, Grok has seen a slight increase of 2.12% over the last day, with a market cap of $51 million. This connection and recent price movement position Grok as an interesting coin to watch.
5. Popcat (POPCAT)
Popcat (POPCAT) has been a top performer in recent weeks, rallying by 70.4% on the weekly charts and nearly 200% in the past month. Although it briefly entered the top 100 projects by market cap, it currently stands at the 105th spot.
Meanwhile, currently trading at $0.76 with a market cap of $747 million, Popcat has dropped 5.77% in the last 24 hours but may continue to rally and re-enter the top 100 projects, making it a notable meme coin to watch.
As Ethereum ETFs go live, these meme coins are poised for potential growth, making them essential to watch in the coming days.
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