TLDR
- The Shiba Inu community dreams of a SHIB ETF.
- Bonk is set to repeat its explosive growth from the previous year in 2024.
- NuggetRush, an emerging P2E memecoin, is tipped to skyrocket after its launch.
Crypto ETFs are the new trend following the approval of spot Bitcoin ETFs by the US SEC on January 10. While Ethereum, the second-largest crypto by market cap, is on the verge of receiving the green light for spot ETFs—optimistically—most gave less thought to meme ETFs. Until now.
Shiba Inu ETF was the highlight of the day after the community requested Grayscale launch a SHIB ETF. A petition is being signed by the community in hopes that Grayscale CEO Michael Sonnenshein will consider the investment product. While it is a stretch, considering the SEC has yet to approve Ethereum ETFs, nothing stops the community from dreaming or hoping.
Meanwhile, in the crypto market, fueled by excitement around the recently concluded DYM and JUP airdrops, investors are doubling down on Bonk (BONK) and NuggetRush (NUGX). These top altcoins are gearing up for explosive growth, making them the best cryptos to buy now.
NuggetRush (NUGX): A Promising and Worthwhile Investment
NuggetRush (NUGX) is a new player in the crypto space, gearing up to skyrocket. As an emerging crypto, investors have been flocking to the ongoing presale in droves, aiming to position themselves for staggering gains. In the fifth round of the ICO, a token costs only $0.018, and analysts tip it for a 70x rally after its launch—Lambo!
Given the above, the massive presale participation comes as no surprise. That isn’t all; its fascinating blend of P2E, GameFi, and memes makes it more appealing. As a play-to-earn token, it will serve as the in-game currency. Further, it will also have governance functions, giving holders a say in the future of the ecosystem and the game.
In summary, its low entry point, huge growth potential, and novelty make a strong case for it being the best new crypto to invest in. You can become an early holder by participating in the presale now.
Shiba Inu (SHIB): Will We Be Seeing a SHIB ETF?
Shiba Inu (SHIB) is at the heart of the current market buzz following the demand for an ETF. While attention is fixed on Ethereum ETFs and the next SEC date, an interesting twist has emerged: a SHIB ETF. A petition has been flying around the SHIB community in hopes that it will capture the attention of Grayscale CEO Michael Sonnenshein.
One of the reasons why a Shiba Inu ETF is being touted is because it is one of the most popular cryptocurrencies in the United States. Perhaps the US is more ready for a SHIB ETF than any other crypto. Further, its regulatory status hasn’t come under scrutiny, having passed the Howey Test as a non-security. Hence, Grayscale won’t encounter any regulatory hurdles if it decides to launch a SHIB ETF.
More importantly, as a memecoin, its low entry point makes it more accessible to investors in the US. Hence, many—the SHIB community, to be specific—believe a Shiba Inu ETF will be a success in the United States. It remains to be seen if this petition will be given some thought by Grayscale, but the chances are very slim.
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Show more +Bonk (BONK): Rising Investor Interest
Bonk (BONK) is the leading memecoin on Solana. It is the first dog-based meme token on the SOL blockchain; hence, it is the rightful leader of all the Solana memecoins. Following its attention-grabbing growth in 2023—one of the year’s biggest highlights—many are betting on a repeat in 2024.
Given the above, investors have been swarming Bonk, hoping to ride its next bullish wave. According to analysts, it will create a new all-time high (ATH) before the year comes to an end, making it a good crypto to buy.
To better position yourself and not FOMO later on, we suggest adding more BONK tokens to your portfolio and HODL. Poised to skyrocket, it is a bullish wave not to miss out on.
Conclusion
While the Shiba Inu community is hoping for an ETF—a pipe dream, according to some—investors have been accumulating more Bonk and NuggetRush tokens. These altcoins boast staggering upside potential, which makes them compelling investments. To become an early NUGX holder, click the link below.
Visit NuggetRush Presale Website
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