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3 coins to hold that could become ETFs in the future
The cryptocurrency vertical is basking in its newfound victory. Ethereum ETFs have finally filed for SEC approval, ushering in a new wave of cryptocurrency-inspired practices. ETFs have always been called the perfect financial tool for gaining direct exposure to certain assets. The tool now embedded in cryptocurrency is poised to completely eclipse traditional sectors.
However, the crypto community is now vying for other potential tokens to reach new highs and possibly take the baton from the ETF. Here are the top three crypto tokens that an investor needs to hide and which could become ETFs in the near future.
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Three crypto tokens that could be very successful and become ETFs in the long run
Cryptocurrency no. 1: Solana
Solana has undoubtedly emerged as one of the most successful coins in the cryptocurrency industry. The token has overtaken many other tokens to take the lead and is trading at the massive $165 price level. The token is in line to participate in the next ETF race, as predicted by analysts at Standard Chartered. This development is expected to help Solana gain credibility in the near future.
For CoinCodexSolana could rise nearly 15% to reach the $190 price range by June 2024.
According to our current Solana price prediction, Solana price is expected to increase by 15.07% and reach $190.50 by June 26, 2024. According to our technical indicators, the current sentiment is bullish, while the Fear & Greed index shows 74 (greed). Solana has recorded 14/30 (47%) green days with price volatility of 9.92% over the last 30 days.
At the same time, the token could also surge 139% by the end of 2024 if it manages to overcome the market’s current bullish start.
“Solana is expected to trade within a range of $161.59 to $396.46. If it reaches the upper price target, SOL could rise 139.08% to $396.46.”
Cryptocurrency no. 2: XRP
According to Standard Chartered analyst Geoffrey Kendrick, the Solana and XRP ETFs could soon become the next big trending developments in the cryptocurrency sector. According to Kendrick, these coins have the potential to embrace the bullish start of the market, thus strengthening their position to secure ETF status.
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“Even for other coins (e.g. SOL, also selective “next in line” winners. Kendrick shared
This development is set to help XRP receive the much-needed boost that the token desperately needs. For CoinCodexXRP could rise 20% by the end of June 2024, trading in the $0.60 price range.
“According to our current XRP price prediction, the price of Fear & Greed index shows 74 (greed).
By the end of 2024, the platform expects the token to trade at a price level of $1.66.
“XRP is expected to trade within a range of $0.335589 to $1.660377. If it reaches the upper price target, XRP could surge 213.09% to $1.660377.”
Cryptocurrency no. 3: Cardano
Cardano is another robust coin capable of projecting a bullish price turn. The token has long been trading at modest price levels, awaiting its bullish price wave. However, the slow progression of the coin has not yet discouraged the ADA community. Following the approval of the Ethereum ETF, the community is now vying for an ADA ETF, which could significantly strengthen the token’s long-term price prospects.
Cardano could be next in line to see an ETF after Bitcoin and Ethereum.
Germany launches a Cardano ETP where you can also get staking rewards.
Europe first, followed by the United States.#CardanoETP pic.twitter.com/Q9zDrTcbLm— Sssebi🦁 (@Av_Sebastian) May 25, 2024
For CoinCodexCardano could rise by 4% in June 2024 to trade at the $0.48 price level.
“According to our current Cardano price prediction, Cardano price is expected to increase by 4.89% and reach $0.485436 by June 26, 2024. According to our technical indicators, the current sentiment is bearish, while the The Fear & Greed index shows 74 (greed). Cardano has recorded 12/30 (40%) green days with a price volatility of 3.34% in the last 30 days.”
By the end of 2024, ADA could rise by a whopping 300% to trade at the $1 price level.
Cardano is expected to trade in a range of $0.426437 to $1.876798. If it reaches the upper price target, ADA could rise by 308.21% to $1.876798.”