Memecoins
Top 4 ETH-based meme coins that could fly with an Ethereum ETF
The recent authorization of the That of Ethereum early exchange-traded funds (ETFs) have put the spotlight on several ETH-based meme coins. In particular, Shiba Inu Coin (SHIB), Pepe (PEPE), Grok (GROK), and CorgiAI (CORGIAI) have seen significant interest due to their recent market performances. These digital currencies have attracted attention with their substantial gains, reflecting their growing popularity among investors.
1. Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB), often associated with meme culture, has expanded impressively in the decentralized finance landscape. This cryptocurrency, built on the Ethereum network, saw its value increase by 182% compared to the previous year. Its CoinMarketCap ranking is currently 12th and boasts a market capitalization of $14.29 billion.
THE SHIB price it currently sits at $0.00002415, marking a modest decline of 1.51%. The recent increase in the coin’s price can be attributed to increased trading activity, systematic token consumption, and the launch of Shibairum. These developments position SHIB as a profitable investment for those seeking significant returns in the meme coin industry.
2. Pepper (PEPE)
Pepe (PEPE), a novelty memetic currency on the Ethereum network, seeks to rival the explosive popularity of previous coins such as Shiba Inu and Dogecoin. He aspires to become a leading player among meme cryptocurrencies. The current price of Pepper stands at $0.00001412, reflecting a 2% increase over the past 24 hours.
This spike has propelled it to the position of today’s top meme coin on CoinMarketCap. Over the past week, its value has increased by 38%. In the last year, the value of PEPPER rose 928%, potentially setting the stage for an Ethereum ETF surge similar to that of four other Ethereum-based meme coins.
3. Grok (GROK)
Grok (GROK) is making its mark in the meme coin domain, drawing inspiration from Elon Musk’s Company X’s Grok AI project. This connection has significantly increased its visibility, making it a notable AI-related meme cryptocurrency.
Grok It is currently priced at $0.01333, down slightly by 1.62% over the past day. It has a market capitalization of $82 million and ranks 521st on CoinMarketCap among Ethereum meme coins.
4. CorgiAI (CORGIAI)
CorgiAI (CORGIAI) has established itself as a leading player in the field of artificial intelligence. This distinction is reinforced by its innovative Corgi Cre8r tool. This feature allows users to create text-to-image NFTs, demonstrating the project’s commitment to cutting-edge technology.
Despite a recent 20% drop in the token’s price, CorgiAI’s value has skyrocketed 591% over the year, now sitting at $0.001798. This robust growth has positioned it as a noteworthy investment among Ethereum meme coins. It is currently ranked 2757th CoinMarketCapwith a market capitalization of $541.72 million.
Bottom line
The approval of Ethereum ETFs could significantly influence the trajectory of ETH-based meme coins. As these assets gain traction, they represent a unique investment opportunity in the growing cryptocurrency market.
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