Memecoins
4 Ethereum Meme Coins ETFs based on ETH could be launched into the stratosphere
The recent authorization of Ethereum Early exchange-traded funds (ETFs) highlighted several ETH-based meme coins. Notably, Shiba Inu Coin (SHIB), Pepe (PEPE), Grok (GROK), and CorgiAI (CORGIAI) have seen considerable interest due to their recent stock market performance. These digital currencies have attracted attention with their substantial gains, reflecting their growing popularity among investors.
1. Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB), often associated with meme culture, has grown impressively in the decentralized finance landscape. This cryptocurrency, built on the Ethereum network, saw its value increase by 182% compared to the previous year. Its ranking on CoinMarketCap is currently 12th, with a market capitalization of $14.29 billion.
Shiba Inu Parts Price Chart
THE SHIB Price currently sits at $0.00002415, marking a modest decline of 1.51%. The recent price surge of the coin can be attributed to increased trading activity, systematic token burns, and the rollout of Shibairum. These developments position SHIB as a lucrative investment for those seeking significant returns in the coin industry.
2. Pepe (PEPE)
Pepe (PEPE), a new piece of money on the Ethereum network, seeks to compete with the explosive popularity of previous coins like Shiba Inu and Dogecoin. It aspires to become a major player among meme cryptocurrencies. The current price of Pepe stands at $0.00001412, reflecting a 2% increase in the last 24 hours.
This spike propelled it to the position of today’s top coin on CoinMarketCap. Over the past week, its value has increased by 38%. Over the past year, the value of PEPE soared 928%, potentially paving the way for the Ethereum ETF to rise similar to four other Ethereum-based meme coins.
3. Grok (GROK)
Grok (GROK) is making its mark in the meme coin space, taking inspiration from Elon Musk’s Company X’s Grok AI project. This connection has significantly improved its visibility, making it a notable AI-related meme cryptocurrency.
Grok is currently priced at $0.01333, with a slight decline of 1.62% over the past day. It holds a market cap of $82 million and ranks 521st on CoinMarketCap among Ethereum meme coins.
4. CorgiAI (CORGIAI)
CorgiAI (CORGIAI) has established itself as a leading player in the field of artificial intelligence. This distinction is reinforced by its innovative Corgi Cre8r tool. This feature allows users to create text-to-image NFTs, demonstrating the project’s commitment to cutting-edge technology.
CorgiAI Price Chart
Despite a recent 20% drop in its token price, CorgiAI’s value has soared 591% over the year, now sitting at $0.001798. This robust growth has positioned it as a notable investment among Ethereum meme coins. Currently it ranks 2757 on CoinMarketCapwith a market capitalization of $541.72 million.
Conclusion
The approval of Ethereum ETFs can significantly influence the trajectory of ETH-based meme coins. As these assets gain traction, they present a unique investment opportunity in the growing crypto market.
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