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Ethereum Names Service Jumps to Highest 7d Earnings (ENS). KAI Cat raises $422,000.
Ether’s accelerated approval for regulated ETF spot trading continues to generate a wave of gains for the Ethereum Layer-2 token among retail traders on internet cryptocurrency exchanges.
Ethereum Name Service (ENS) tokens have joined other Ethereum currencies to top the earnings chart in the 7-day window. Ranking first for the week among all cryptocurrencies tracked by CoinMarketCap, Ethereum Name Services has gained 78% in the previous 168 hours.
This huge gain (relative to the S&P 500 – which gained minus 0.01% in that time frame) was followed by popular Ethereum meme coin Pepe (PEPE) with gains of 76% for the window and Lido DAO (LDO) with the 49% gains for the week, then ERC-20 Uniswap (UNI) and Pendle (PENDLE).
“The days of the Doge are over”
Meme coin profits are coming in big this year, especially with a 2023 Ethereum project that has risen to the world’s top 20 cryptocurrencies in almost the blink of an eye, declaring that the days of the doge are over. Could this be an early sign that cats are about to take control of the ecosystem and make another class-leading attempt at the top of the charts?
The extraordinary success of PopCat in the first quarter of 2024 and the sudden appearance of a feline from the country of Ethereum with nearly $350,000 added to his pool in a matter of days the second quarter could portend that altcoin meme cat season is just around the corner. In that case, tokens that have a presale price of $0.0042256 could increase in value on the open market.
A big launch for Kai Cat Coin (KAI) late this year or in 2025 – if it in some way, shape or form follows the progression of new currencies like PopCat or Pepe Coin – could help cryptocurrency investors gain revenue to accumulate Bitcoin faster – before banks and governments drive the price of Bitcoin beyond Earth’s orbit.
The incredibly compelling investor narratives on Ethereum for the remainder of this blockchain industry cycle make this an exciting prospect. Dencun’s upgrade and the imminent reception of the Ethereum product into the regulated rooms of Wall Street funds are driving serious interest in sizable long-term Ethereum investments from around the world.
Ethereum Regulated Market Preview
Matthew Sigel, head of digital asset research at VanEck, he wrote“We applaud this decision, as we believe the evidence clearly demonstrates that ETH is a decentralized commodity, not a security. We expect the improving political environment to lead to further victories for digital asset investors and developers.”
Rob Marrocco, global head of ETP quotes at Cboe Global Markets She said“The introduction of bitcoin spot ETFs has already demonstrated significant benefits for the digital asset and ETF space, and we believe ether spot ETFs will similarly provide protections for U.S. investors.”
As Ethereum capital inflows continue to accumulate, investment returns comparable to the early days of the underlying Ether token have only been achievable with new projects that succeed.
Utility and meme liquidity tokens provide investors with this type of opportunity and a strategy to trade a bullish Ethereum forecast with leverage for big gains during rallies, but without running some of the risks associated with call options or other derivative products ETH.
Visit the Kai Cat Coin presale here