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Analysts have identified tokens whose value will increase significantly in the future

4:37 pm, July 25, 2024

Analysts predict a significant increase in the value of some altcoins due to the launch of ETFs. In particular, we are talking about Ethereum-related tokens.

Ethereum is already showing positive dynamics amid the approval by the U.S. Securities and Exchange Commission (SEC) of exchange-traded funds (ETFs) using ETH as an underlying asset. This creates preconditions for the growth of other tokens related to the Ethereum ecosystem.

One such token is Uniswap (UNI). This decentralized exchange token has every chance to grow significantly in value due to the increase in trading and investment. The success of Uniswap depends on the popularity and activity on the platform, which is the largest decentralized exchange on the market.

The Pepe memecoin (PEPE) is an example of another successful Ethereum-based altcoin. PEPE recently made a bullish breakout from a downward channel. The token continues to fluctuate sideways, but the Accumulation/Distribution (A/D) line shows that buying pressure is gradually increasing. If ETH rises to $ 4,000, the price of PEPE will also rise.

Ethereum Name Service (ENS) could attack $ 34. After the approval of the Ethereum ETF, the price of ENS has already reached the $ 28.35 area. On Tuesday, July 23, one of the ETF issuers, Bitwise Invest, announced that it will be the first ETF to add an ENS sub-key for each address. This innovation will ensure high transparency during asset verification.

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