BlackRock’s Ethereum spot ETFs listed on DTCC: Five cryptos to diversify with and capitalise on this trend Traders diversify holdings in Web3 space for market gains
BlackRock’s spot Ethereum ETF has been listed on top of the Depository Trust and Clearing Corporation (DTCC) with the ticker symbol ETHA.This listing follows the SEC’s approval of a total of eight spot Ethereum Exchange Traded Funds (ETFs).
Following this major move for ETFs in the Web3 space, traders have begun to diversify their holdings in order to get the most out of the market. Out of the thousands of available altcoins, five have stood out the most as cryptos that can surge in value immensely, and these include KangaMoon (KANG), NEAR Protocol (NEAR), Ethereum Classic (ETC), Chainlink (LINK) and Ethena (ETA). Let’s take a look at these cryptocurrencies:
Top five cryptos to explore following the latest Ethereum ETF listings from BlackRock
KangaMoon (KANG) raises over $7.2 Million and reaches 32,000 UsersKangaMoon (KANG) will revolutionise the meme coin landscape through the construction of a sustainable ecosystem that fosters significant token utility, one that transcends hype-driven trends. This is achieved through a strategic fusion of Social-Fi elements and Play-to-Earn (P2E) mechanics, which cultivates long-term value beyond just hype.
In addition, the token’s blockchain ICO has garnered significant traction, as the project now boasts a user base surpassing 32,000, while the token has experienced a growth of 400%. The presale itself also secured over $7.2 million in funding, which further solidifies investor confidence, as it is projected to break past $8 million by the end of the month. Moreover, KANG’s initial price point was at $0.005 but now trades at $0.025 during the bonus presale stage.
Not only does this reflect significant growth but the round also represents a limited-time opportunity to get KANG at a discount before it explodes in value. In addition, KangaMoon has already established its presence on prominent platforms such as CoinMarketCap and CoinGecko, facilitating investor analysis, and will soon get listed on BitMart, a major CEX. As a result, analysts are now projecting a 100x price increase following its launch.
Near Protocol crypto on the rise as network surpasses $200M in issued USDCNEAR Protocol (NEAR) surpassed $200 million in natively issued USDC, which is a major milestone that can send the ecosystem demand and utility further. This will also have the effect of increasing demand for the NEAR Protocol crypto, which can result in a price uptrend.
The on-chart metrics for the crypto are now bullish, as the NEAR Protocol price has found support at $7.70 after briefly passing the $8 price barrier. Now, the RSI and MACD data showcase a positive price momentum, and according to the NEAR Protocol price prediction, it can end Q4 of 2024 at $11.46.
Ethereum Classic Price at an uptrend following latest updates
Ethereum Classic (ETC) is also experiencing an upswing in trader interest following its most recent integrations. For example, now anyone can mint the Ethereum Classic crypto through the usage of the F2Pool.
The on-chart metrics for the Ethereum Classic price are bullish, as the weekly price increase was by 20%, further solidifying it as a major contender. Based on the Ethereum Classic price prediction, by Q4 of 2024, the crypto can end the year at $45.71. Chainlink (LINK) expands services in nine different blockchains
Chainlink (LINK) is consistently expanding the offering of its ecosystem, as within the past week, it saw 12 integrations of six chainlink services, all across nine different blockchains, including Arbitrum, Base, Ethereum, Linea, Metis, Optimism, Polygon, Scroll and zkSync.
The Chainlink crypto has also increased in value as its weekly chart suggests a 10% uptrend, and could soon result in further gains. Based on the Chainlink price chart, it recently surpassed the $17 price barrier, indicating that $20 marks a major resistance point that it now needs to pass in order to reach new heights. According to the Chainlink price prediction however, the crypto can end Q4 of 2024 at $25.08.
Ethena (ETA) rises 27% – How far can it climb in 2024?
Ethena (ETA) is also at an uptrend as it experienced a 27% price increase during the past week fueled by ecosystem expansion. The team recently announced that USDe is the first integration, with the new UX layer of DeFi, Infinex. As a result, anyone can now deposit USDe and earn from Ethena while also earning Infinex governance Points (GP). The Ethena crypto could see a major uptrend as a result, further appealing to traders.
According to the Ethena price chart, it broke above the $0.90 price barrier, and is closer than before to passing even above $1. According to the Ethena price prediction, it can end Q4 of 2024 at $1.33.
With Ethereum ETFs being approved, the race is now on for more cryptocurrencies to get the same treatment. Out of the many cryptocurrencies available, the key ones that stood out the most include NEAR Protocol, Ethereum Classic, Chainlink and Ethena.
However, the biggest growth was seen with KangaMoon as it's up 400% on the charts, and it has raised over $7.1 million so far. With a unique blend of Play-to-Earn (P2E) features, Social-Fi elements, and a community-driven approach, it is poised to dominate the charts in 2024 . Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Join the Telegram Community:
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This story originally appeared on: India Times - Author:Faqs of Insurances
