The ETH price made a good recovery, moving from $3,000 to $3,400 following the approval of Spot Ethereum ETFs, which sources say will likely start trading on July 23. Three altcoins, ETFSwap (ETFS), Ripple (XRP), and TRON (TRX), are following closely, and they are all set to rise. Here’s what you need to know about these three altcoins.
ETFSwap (ETFS) Set To Rise Higher As ETH Price Spikes
ETFSwap (ETFS), a decentralized finance platform for trading exchange-traded funds (ETFs) on the blockchain, is set to rise higher as the ETH price increases. The token has been doing well since the approval of Spot Ethereum ETFs a couple of weeks ago. With the trading date more certain, ETFSwap (ETFS) is experiencing a surge, just like the ETH price. The altcoins are benefiting from the inflow and hype of the ETF market. ETFSwap (ETFS) has raised over $1 million in its second presale stage alone, and it’s just halfway through. This recent rise has raised the total amount during the ongoing presale to about $2.5 million.
While the approval of Spot Ethereum ETFs may have contributed to the increase in the number of ETFSwap (ETFS) tokens purchased in the last 30 days, its investment potential has been driving its growth. One such is the perpetual trading on the platform that gives up to 50x leverage. Another is the innovative AI ETF trading tool that leverages its ability to collect and analyze big data to give traders accurate predictive and sentiment analysis. The KYC-free registration process, which makes onboarding easy and fast, has drawn many users, too. Added to that is the borderless and permissionless system, alongside robust security measures that ensure assets are always safe.
Still, regarding safe investment, the ETFSwap (ETFS) only offers ETF commodities from MiCa-compliant regulated investment banks. CyberScope, an industry-recognized security company, has extensively audited the platform and ETF products and deemed them safe. Every ETFSwap (ETFS) team member has undergone KYC verification, further solidifying the confidence of investors and traders.
By the time Spot Ethereum ETFs go into full swing, the inflow of investment in ETFSwap (ETFS) will rise, contributing to its hype and pushing its launch price higher. Those who buy the ETFSwap (ETFS) can expect up to a 1,000% increase in addition to profits from the ETFSwap staking pool (up to 36%) and APR yield reward of up to 87% in profit.
Ripple (XRP) To Rally As Spot Ethereum ETFs Set The Tone For Growth
Ripple (XRP) is one of the altcoins to take after the growth of the ETH price. Ripple (XRP), the all-in-one platform to securely store and manage digital assets, tokenization, and treasury operations, among other things, is starting to gather momentum as Spot Ethereum ETFs may bring an altcoins season soon.
Analysts have also pointed out a series of whale actions that may drive the price of Ripple (XRP) from $0.6119 above its next resistance at $0.6649. By the time Spot Ethereum ETFs hit the market in full swing, Ripple (XRP) will be looking to capitalize on the bull market and surge higher alongside other altcoins. Also, the ongoing legal case against Ripple (XRP) seems to be ending soon, giving investors a greenlight to resume activities fully.
TRON (TRX) To Follow Ethereum (ETH) Rise
TRON (TRX) is also one of the altcoins tipped to rise after Ethereum. Apart from being initially launched on the Ethereum (ETH) network, the only mention of TRON alongside Spot Ethereum ETFs was after Justin Sun, the Founder of TRON (TRX), brought Ethereum worth $5 million.
Since TRON (TRX) is not directly linked to the Spot Ethereum ETF like ETFSwap (ETFS), it will rely on the ETH price to drive market growth. Hence, experts predict TRON (TRX) will rise when the ETH price stabilizes and adds to its ongoing run.
Conclusion
TRON TRX has some potential, and Ripple (XRP) has more potential; however, ETFSwap (ETFS) has the most immense potential as the wave of Spot Ethereum ETFs approval will continue to drive its growth. Before the altcoins season ignites a bull market, buy ETFSwap (ETFS) now at $0.01831.
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