Hype is building around the potential approval of Ethereum ETFs in the USA, with multiple issuers submitting amended applications. Ethereum has surged to fresh two-month highs above $3,800, drawing attention from traders looking for the best crypto to buy for quick gains. The market is eagerly anticipating the approval and launch of Ethereum ETFs, which could lead to significant upside potential. With the possibility of strong demand, Ethereum’s price could soar above $4,000, making it a top choice for investors. However, some traders are looking for higher beta plays that may offer even greater upside potential.
One altcoin that has been performing well is Pepe (PEPE), which has seen a more than 50% jump in the past two days to reach record highs above $0.000014. Pepe’s market cap is just under $5.8 billion, and traders are betting on its potential to catch up to tokens like Dogecoin and Shiba Inu. Another promising altcoin is Arbitrum (ARB), a layer-2 Ethereum scaling blockchain that has seen a surge in its token price back above $1.20. With a market cap of around $3.2 billion, ARB has room for growth and could be a strong contender for quick gains in the current market environment.
Uniswap (UNI), the native token of the multi-chain DEX Uniswap, has been outperforming since the SEC’s u-turn on Ethereum ETFs. UNI recently received a Wells Notice from the agency, but its price has been steadily increasing, up 25% in two days. If UNI breaks above resistance levels around $10, it could retest yearly highs around $17. Additionally, traders looking for new meme coin opportunities may consider Sealana (SEAL), a Solana-based meme coin featuring a South Park-themed trading degen seal mascot. SEAL has attracted over $2.2 million in funds and has the potential to replicate the success of other meme coins like Slothana.
As the market awaits the approval of Ethereum ETFs, traders are on the lookout for cryptocurrencies that offer quick gains and upside potential. Ethereum remains a top pick for many investors due to its recent price surge and the anticipation of ETF approval. Altcoins like Pepe, Arbitrum, Uniswap, and Sealana are also gaining attention for their strong performance and potential for growth. With the market environment showing signs of near-term upside risks, traders are exploring various opportunities to capitalize on the current crypto landscape. However, it is important to note that investing in crypto carries a high level of risk, and investors should conduct thorough research before making any investment decisions.
