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In another milestone for the cryptocurrency market, the United States Securities & Exchange Commission greenlighted Ethereum exchange-traded funds to start trading on Tuesday, 23 July.
That revitalized the altcoin market, and with experts predicting that Ethereum ETFs will outshine Bitcoin exchange-traded funds (launched early in 2024) crypto enthusiasts will likely diversify to other alts amidst the hype.
While technical indicators suggest imminent rallies for Mantle (MNT) and Ondo Finance (ONDO), Memeinator (MMTR) looks to dominate meme coin trends for massive growth by 2024-end.
Here are some top altcoins gaining momentum as Ethereum ETFs go live
Mantle (MNT)
MNT traded with a bullish stance today, up 0.84% in the last 24 hours to trade at $0.8754.
Its daily trading volume increased by 26% to %171.43 million, reflecting surging investor enthusiasm.
The optimistic bias comes as a falling wedge breakout strengthened the trend reversal from the $0.625 mark.
The recent revival exceeds the 200-d and 50-d Exponential Moving Average, erasing a bearish influence.
Meanwhile, the 40% surge opened the patch towards $1. The move beyond the 23.60% FIB level with the Ethereum ETF buzz could help attain the target.
Amid increased interest from large-scale investors, FIB levels show MNT could soar to $2.75.
Impressive ETH ETF performance catalyzed a 10x run for MNT price in the coming months.
Memeinator: a promising early-stage meme crypto
MMTR is a unique cryptocurrency looking to redefine the meme token space by destroying pathetic competitors using artificial intelligence (AI).
Memeinator witnessed amplified investor attention during its presale, closing its ICO earlier than scheduled after raising more than $600K within two weeks.
The project’s tokenomics reflect the developers’ intention to ensure sustainable growth.
MMTR price forecast
The cryptocurrency market displayed optimism and analysts expect that to continue through the year-end.
Exchange-traded funds, the upcoming United States election, and global financial shifts position cryptocurrencies for astronomical growth in the coming months.
Broad market bull allies provide immense liquidity, triggering notable price surges for top assets.
MMTR will likely climb from the low of $0.02 to break past $0.038 before exploding new historic all-time highs towards year-end.
Ondo Finance (ONDO)
The RWA token appears ready to join the awaited broad market recovery. The latest drop from the 50-d Exponential Moving Average retests the breakout zone.
ONDO could climb towards $1.40 and extend to the psychological level of $1.50. FIB levels indicate $5.75 as the alt’s new price target.
Ethereum ETFs, increasing demand for crypto yield, and real-world asset tokenization trends set the stage for ONDO’s outperformance in the upcoming sessions.
You can find more details about Memeinator here.
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