Ethereum saw a steady growth of 5% over the last seven days to $3,858. This uptick came after the SEC approved the first ETH ETFs on 24th of May.
ETF approvals always start a bullish sentiment for the project involved and the ones built on its network.
For example, Bitcoin’s ETF approval pushed it from low $30K to nearly $70k where it stands now.
Now it seems that it’s ETHs time to capitalize from the influx of institutional funds.
However, Ethereum won’t be the only one to reap the benefits from this – experts believe that ETH-based projects like Dogeverse ($DOGEVERSE), Wiener AI ($WAI), and Sponge V2 ($SPONGEV2) could see some serious gains as well.
Let’s check them out…
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What you'll learn 👉
How Far Can Ethereum Go After SEC Approval?
Ethereum has recently experienced a remarkable recovery, with its price surging 16% over the past month, reaching $3,866.22 and a market capitalization of $465.7 billion.
Several factors are driving this bullish trend. Firstly, the overall market conditions have turned positive, with the fear and greed index scoring 65/100, indicating bullish sentiment.
The cryptocurrency market cap has also risen to $2.6 trillion, with a trading volume of $120.57 billion.
This favorable environment has benefitted all cryptocurrencies, including Ethereum, which has seen notable gains.
Another key driver of Ethereum’s price surge is the SEC approvall of the Ethereum Spot ETF.
Initially, there was skepticism about the ETF’s approval due to regulatory uncertainties.
Looking ahead, Ethereum’s price could continue to rise if the bullish market conditions persist. Analysts predict that Ethereum could reach $4,800 by the end of the month, and potentially $6,000 by the end of June.
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Dogeverse ($DOGEVERSE) – Project Built on ETH & Several Other Networks
Dogeverse ($DOGEVERSE) might be the one of the best presales to invest in right now, because its built-on ETH network, and a few other networks as well.
Unlike typical meme coins, Dogeverse operates across six major blockchains: Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.
Advanced technologies like Wormhole and Portal Bridge make this interoperability possible, allowing seamless movement across chains, reducing transaction costs, and making it more accessible for users.
At the heart of Dogeverse is Cosmo, a chain-hopping Doge character that symbolizes the coin’s community-driven ethos and technical prowess.
Dogeverse has attracted significant investor interest, raising over $15 million during its presale phase. Its strong community engagement, strategic marketing, and innovative approach have set it apart in the meme coin space.
The project team has implemented smart tokenomics with a total supply of 200 billion tokens, allocating substantial resources for marketing and community building.
Overall, Dogeverse offers a compelling mix of community focus, technological innovation, and strategic market positioning, making it a meme coin with substantial growth potential.
Wiener AI ($WAI) – New AI-Powered Trading Bot Project Surpasses $3 Million Milestone
WienerAI (WAI) is another meme coin built on ETH that could reach astronomical heights.
This is evident in its ongoing presale, rwhich raised over $3.3 million so far. The presale is structured in a multi-stage format, allowing early buyers to purchase WAI tokens at discounted prices, with the current rate at $0.000711 per token.
Investors can stake their WAI tokens immediately, benefiting from an impressive estimated annual yield of 319%.
To date, over 3.2 billion tokens have been staked, offering early adopters a way to earn passive income ahead of the token’s official exchange listing.
Beyond its meme coin appeal, WienerAI distinguishes itself with a sophisticated AI-powered trading bot.
This bot analyzes market data based on user-defined criteria, such as risk tolerance and target gains, and identifies promising investment opportunities.
It allows users to execute trades across multiple decentralized exchanges (DEXs) directly through WienerAI’s interface without hidden fees.
Additionally, the bot provides real-time MEV protection, safeguarding users from front-running bots.
As the crypto market experiences renewed bullish momentum and the AI crypto sector booms, WienerAI’s combination of advanced AI technology and trading tools positions it as a potential game-changer for investors.
Sponge V2 ($SPONGEV2) – Successful Transition to Polygon Brings New Investors
Sponge V2 ($SPONGE) is an enhanced version of the original Sponge meme coin, marking its transition from Ethereum to the Polygon network.
This strategic move was initiated following a liquidity pool attack, aiming to leverage Polygon’s advantages of lower transaction fees and faster transaction speeds.
These enhancements are particularly beneficial for the project’s play-to-earn (P2E) game, which is central to its ecosystem.
The launch of Sponge V2 introduces an innovative “stake-to-bridge” model. This model allows holders of Sponge V1 tokens to lock their tokens in exchange for V2 tokens. T
his staking mechanism not only simplifies the transition process but also offers attractive annual percentage yields (APY), encouraging long-term holding and active participation in the Sponge community.
The move to Polygon is expected to significantly boost the project’s functionality and user experience, making transactions smoother and more cost-effective.
By incentivizing staking and long-term holding, Sponge V2 aims to build a stronger, more engaged community.
As the crypto market prepares for a ETH ETF-induced bull run, Sponge V2’s strategic upgrades and unique staking model position it well to attract new investors and keep the existing ones from Ethereum
Conclusion
Overall, good times are in line for the crypto market and investors. Several bullish events contributed to that – BTC ETF approval, halving event back in April, and now Ethereum got its green light for spot trading.
As always, the highest gains will be in the low mcap new projects. However, these coins also hold the biggest risk for losses. For more information on new cryptocurrency, visit newcryptocurrency.com.
That’s why we analyzed the market, and pinpointed these 3 ETH-based projects that are ticking all of the right boxes for parabolic growth.
All you have to do is pick one that resonates with you, and grab it at a discounted price.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
