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Ethereum Meme Coins to Buy Before ETH ETF Approval
The recent buzz around the potential ETH ETF is prompting investors to look for Ethereum meme coins to invest in. Ethereum Price Prediction shows that the ETF news has not yet been priced in. Additionally, ETH appears to be following Bitcoin’s trajectory after the ETF approval. BTC price retraced after the ETF news before rising to $73,000.
Ethereum is a massive network, and meme coins are known to perform best during impactful market news. However, not all meme coins are winners. Here are three meme coins to buy before the Ethereum ETF gets approval in July.
1. Ethereum Meme Coins – Turbo (TURBO)
Turbo is the first AI-scripted meme coin in the history of cryptocurrencies. The token, launched on the Ethereum blockchain, was created using only a budget of $69 and following OpenAI’s ChatGPT guidelines. The community later stepped in and crowdfunded the initial liquidity needed to launch the project, as the previous $69 was not enough. Turbo is therefore a community token, which leverages both meme coin and artificial intelligence (Artificial intelligence) narratives in this bull market.
TURBO price today is $0.004287, a 7% drop in the last 24 hours following the Bitcoin sell-off. Turbo has been successful since its launch, hitting an all-time high of $0.009632 two months ago before retracing. TURBO’s market cap is currently $294 million, enough to increase 10-20x and transform investors’ portfolios. TURBO’s 24-hour trading volume is down 28% as market participants refrain from trading during these market conditions.
The AI revolution in cryptocurrency is rapidly gaining traction, and even more so in the Ethereum meme coin ecosystem. Turbo and a few others AI-Powered Meme Coins could be the frontrunners if Ethereum scores a win with ETF approval. The current price retracement puts TURBO in an optimal buy-in position.
2. Pepper (PEPPER)
Pepe is among the top of the giant Ethereum meme coins that started as a joke, before quickly gaining popularity. The meme coin was inspired by Pepe the Frog, an Internet meme of Matt Furie. Furie is also the creator of several other memes on the Ethereum chain, namely Landwolf, Andy (ETH), Bird-Dog, and Fofar. By extension, these meme coins have the potential to skyrocket along with PEPE.
PEPE price today is $0.00000876, which represents a 4.6% decline in the last 24 hours. With a market cap of $3.6 billion, Pepe is down over 50% from its all-time high market cap. This is just an indicator of how volatile meme coins can be.
Despite this drop in price and valuation, the number of Pepe holders has increased by more than 5% in the last month and by $0.01% in the last 24 hours. Holiness.
Additionally, Pepe’s 24-hour trading volume just increased by 19%, signaling the recent market activity. This means that despite the blood in the markets, investors and traders feel comfortable continuing to invest in Pepe.
PEPE price showed incredible price performance following the announcement of the approval of Ethereum ETF 19-4b modules. Even though this approval was not the real one, as it could be disputed, Pepe price still skyrocketed and reached its all-time high of $0.00001665 on May 28, before starting to retrace.
3. Floki (FLOKI)
Floki is one of the oldest meme coins that came out soon after the Shiba Inu’s rise to popularity. Having been around for three years, Floki’s creation was inspired by Elon Musk, but has since evolved from a simple meme coin to a globally recognizable brand. Floki has over 480,000 holders and has multiple partnerships with sports clubs, DeFi Protocolsand the most well-known blockchain companies.
Floki price is trading at $0.0001436, a 1.4% price decline in the last 24 hours. The meme coin has had three major peaks in its lifetime, one in November 2021 and the other two in the March-June period. Floki price action has formed a potential double top, which could result in a further decline in the price to $0.00003500. If the current support holds, Floki could enter a consolidation zone between $0.00033 and $0.00015.
As an ERC20 meme coin with a large base of holders, Floki could be one of the major Ethereum meme coins to run strong if an ETF is approved.
Bottom line
The potential anticipation of Ethereum ETF approval is fueling interest in ERC20 meme tokens such as Pepe, Floki, and Turbo. These tokens are attracting attention for their ability to potentially yield high rewards in a short amount of time. As we get closer to the expected decision day, price volatility in the cryptocurrency market could increase.
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Frequently Asked Questions (FAQ)
According to some speculation, the approval of the ETH ETF is expected in mid-June.
Some analysts say Ethereum could rise to 6,600 after the approval of the ETH ETF.
The first Bitcoin ETF was approved on January 10, 2024.