
Ethereum ETF launch on July 23 expected to drive massive capital inflow into Ethereum and potentially boost its price.
Shiba Inu, Pepe, and Floki are top meme coins to watch due to their strong positions in the market.
Grok and Popcat are emerging meme coins with potential for significant growth, especially Popcat with its recent impressive performance.
The countdown is on, and we can’t keep calm!
As the final date of July 23 for Ethereum ETFs to go live in the US approaches, experts predict a massive influx of capital into Ethereum, potentially pushing its price to new heights. This launch is also expected to impact several meme coins linked to Ethereum, driving their prices up too.
Which meme coins will benefit the most? Here’s the list you’re looking for.
1. Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB), a popular meme coin, has seen significant growth in the decentralized finance landscape. Built on the Ethereum network, SHIB’s value has increased by 122% over the past year. Currently ranked 13th among the top crypto by market cap, SHIB boasts a market capitalization of $10.13 billion.
As of now, SHIB’s price is trading at $0.00001715, reflecting a 1.91% decline in the last 24 hours. Despite this drop, SHIB remains a strong investment due to increased trading activity, systematic token burns, and the rollout of Shibarium, offering buyers the opportunity to accumulate more SHIB at a discounted price.
2. Pepe (PEPE)
Pepe, an Ethereum-based meme coin, aims to rival the popularity of Shiba Inu and Dogecoin. With the upcoming Ethereum ETF launch, traders expect assets related to the Ethereum ecosystem to rally.
Pepe is currently ranked 3rd among meme coins with a market cap of $4.9 billion. Its price stands at $0.00001162, reflecting a 1.3% drop in the past 24 hours, but its potential for growth remains high with the launch of the Ethereum ETF.
3. Floki (FLOKI)
Floki, an older meme coin inspired by elon musk
elon musk Elon Musk Is the Co-founder of Tesla, an investor and entrepreneur. He was born on the 28th of June,1971, and is based in Pretoria, South Africa. He graduated from the University of Pennsylvania, earning a bachelor's degree in Arts and physics, and the Wharton School, earning a bachelor's degree in science, and economics. In 2003 Musk founded Tesla, an electric vehicle and clean energy company. Elon Musk is a crypto enthusiast, he has a complex relationship with cryptocurrency. He purchased $1.5 billion in the cryptocurrency. Musk was honored with Axel Springer Award, an award given to innovative people, who build new markets, change markets, and contribute to society. He was also listed on Forbes Billionaire with a total net worth of $2 Billion. [email protected] EntrepreneurInvestorChief Executive Officer has evolved from a meme to a globally recognized brand. As an ERC20 meme coin with a large holder base, Floki is well-positioned to benefit from the Ethereum ETF approval.ย
Currently trading at $0.000177, Floki has seen a drop of 1.14% in the last 24 hours but remains a strong contender in the meme coin market due to its established presence and community support.
4. Grok (GROK)
Grok (GROK) has been gaining traction in the meme coin sector, particularly as an AI-themed cryptocurrency.
Currently priced at $0.0080, Grok has seen a slight increase of 2.12% over the last day, with a market cap of $51 million. This connection and recent price movement position Grok as an interesting coin to watch.
5. Popcat (POPCAT)
Popcat (POPCAT) has been a top performer in recent weeks, rallying by 70.4% on the weekly charts and nearly 200% in the past month. Although it briefly entered the top 100 projects by market cap, it currently stands at the 105th spot.
Meanwhile, currently trading at $0.76 with a market cap of $747 million, Popcat has dropped 5.77% in the last 24 hours but may continue to rally and re-enter the top 100 projects, making it a notable meme coin to watch.
As Ethereum ETFs make their debut, these meme coins are set for potential growth, making them essential to watch in the coming days.
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