Memecoins
Major Cryptocurrencies Set to Explode with the Launch of Ethereum ETFs
The July 23 deadline for Ethereum ETF As the Ethereum launch in the US approaches, experts are predicting a massive influx of capital into Ethereum, which could push its price to new heights. This launch is also expected to impact several Ethereum-related meme coins, pushing their prices up as well. Here are the top meme coins to watch for massive profits.
1. Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB), a popular cryptocurrency, 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 cryptocurrencies by market cap, SHIB has a market cap of $10.13 billion.
Currently, the price of SHIB is traded at $0.00001715reflecting a 1.91% decline over the past 24 hours. Despite this decline, SHIB remains a solid investment due to increased trading activity, systematic token burns, and the deployment of Shibarium, providing buyers with the opportunity to accumulate more SHIB at a discounted price.
2. Pepe (PEPE)
Pepe, an Ethereum-based cryptocurrency, aims to rival the popularity of Shiba Inu and Dogecoin. With the upcoming launch of the Ethereum ETF, traders expect assets tied to the Ethereum ecosystem to surge.
Pepe is currently ranked 3rd among meme coins with a market cap of $4.9 billion. the price is $0.00001162reflecting a 1.3% decline over the past 24 hours, but its growth potential remains high with the launch of the Ethereum ETF.
3. Floki (FLOKI)
Flokia former meme coin inspired by Elon Musk, has gone from being a meme to a globally recognized brand. As an ERC20 meme coin with a large holder base, Floki is well-positioned to benefit from Ethereum ETF approval.
Currently trading at $0.000177, Floki has seen a 1.14% decline 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 popularity in the meme space, as an AI-related meme cryptocurrency. Grok is also expected to have the strongest connection to Elon Musk than any other meme cryptocurrency.
Currently at a price of $0.0080Grok has seen a slight increase of 2.12% over the past day, with a market cap of $51 million. This connection and the recent price movement position Grok as an interesting cryptocurrency to watch.
5. Popcat (POPCAT)
Popcat (POPCAT) has been one of the top performers in recent weeks, up 70.4% on the weekly charts and nearly 200% over the past month. While it briefly entered the top 100 projects by market cap, it currently sits at #105.
Meanwhile, currently traded at $0.76 With a market cap of $747 million, Popcat has fallen 5.77% in the last 24 hours but could continue to recover 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 days ahead.