Analysts have identified 2 tokens whose value will rise on the back of Ethereum’s success

The main altcoin Ethereum (ETH) is gaining popularity after the US Securities and Exchange Commission (SEC) approved exchange-traded funds (ETFs) using ETH as an underlying asset. Analysts predict an increased demand for Ethereum, which will have a positive impact on other cryptocurrencies and tokens related to this ecosystem.

Over the past two weeks, the price of Ether has risen by more than 25%, creating new investment opportunities. A trader under the pseudonym Clouted predicts that the effect of the Ethereum ETF approval will be much more powerful than in the case of Bitcoin.

Among the tokens that could benefit from this, Clouted identified two: Ethereum Name Service (ENS) and Uniswap (UNI).

Ethereum Name Service (ENS) is the most popular domain service for Web3 and Ethereum. It allows users to purchase domains and use them as convenient addresses for online transactions. ENS token has grown significantly over the past day, becoming the largest beneficiary among cryptocurrencies.

Uniswap (UNI) is the largest and most popular cryptocurrency on the decentralized exchange, responsible for most of the trading volume. Capital growth in the Ethereum ecosystem can directly affect the project and its native token. Despite the recent sales of large volumes of UNI by the Uniswap team, the token has shown an increase of 8.43% since the beginning of the year.

Earlier, the K33 Research analytical platform predicted that Ethereum would be able to outperform bitcoin in terms of value growth. This will be made possible by the launch of ETH exchange-traded funds in the United States. The second largest cryptocurrency by market capitalization will receive a new incentive, while the flagship digital asset will face serious sales pressure.