News View Non-AMP

Is This the Next Big Cryptocurrency for ETF Approval?

Published by
Zameer Attar

Cryptocurrency expert Chico Crypto recently shared insights on the latest developments in the crypto world, with a particular focus on the recent approval of the Bitcoin ETF. He noted the rapid pace of the crypto space compared to traditional markets, highlighting the dynamism of this sector.

Turning his attention from Bitcoin, Chico Crypto delved into potential future trends in the crypto market. He specifically highlighted Ethereum and the possibility of an Ethereum ETF, noting that he had anticipated this development over two months ago, even before major players like BlackRock announced their interest.

The analyst emphasized the importance of keeping an eye on Ethereum, especially with the expected approval of an ETF. He also mentioned the involvement of certain U.S. Congress members who recently invested in Ethereum, raising questions about their potential access to insider information regarding the Ethereum ETF approval.

He drew comparisons to past events, specifically Bitcoin’s price movements in October, which suggested informed buying prior to its ETF approval in January. Based on these patterns, he predicted a similar trend for Ethereum, suggesting a potential price increase to around $2875.

In addition to Ethereum, Chico Crypto briefly touched on Layer 2 solutions like Optimism, Gnosis, and Arbitrum, indicating that they might experience growth alongside Ethereum.

Interestingly, the analyst shifted his focus to Chainlink (LINK), proposing that it could be the next cryptocurrency to receive ETF approval after Ethereum. He based this prediction on statements from Chainlink’s founder and the high premiums paid for the Grayscale Chainlink Trust.

He advised investors to seize current opportunities, especially considering Chainlink’s recent price movements. After reaching a new yearly high of $17.68 on December 28, LINK experienced a decline, hitting a low of $12.53 on January 8, 2024. Despite this setback, the price recovered following the ETF approval, currently trading at $14.98, which reflects a two percent increase.

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Recent Posts

7 Best Meme Coins to Buy Now — APC Coin’s Deflationary Setup Catches Eyes with Neiro, Pepe Unchained, and More

What if the next big crypto boom isn't driven by Bitcoin or Ethereum, but by…

June 7, 2025

Top 7 Indicators That Ozak AI Is the Next Big Thing in AI Tokens

Convergence of artificial intelligence (AI) and blockchain technology continues to reshape the crypto space, one…

June 7, 2025

A New Era Begins with FUNToken AI Agent

FUNToken launches a smart rewards bot — the first step toward building an AI agent…

June 7, 2025

The 6 Best Crypto Exchanges: Top Picks for Seasoned Pros in 2025

The crypto market of 2025 is now a full-blown financial arena where professionals, institutional traders,…

June 7, 2025

Analysts Say This New Crypto Is The Best Risk-To-Reward Play Over Dogecoin (DOGE)

Analysts are spotlighting Mutuum Finance (MUTM) as the best crypto to buy now, outshining Dogecoin…

June 7, 2025

Investors Are Moving Beyond Dogecoin (DOGE): Ruvi AI (RUVI) Emerges as the Smarter 2025 Altcoin Bet

Investors seeking more than speculative momentum are increasingly shifting their attention from Dogecoin (DOGE) toward…

June 7, 2025