Which Altcoins Will the Ethereum ETF Approval Benefit? Here is the Altcoin List to Follow!

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SEC’s spot Ethereum ETFWhile the probability of approving the ‘s increased to 75% overnight, this development rocketed ETH and cryptocurrency prices.

ETH While it increased by 21.7% in the last 24 hours, Ethereum-based altcoins also experienced double-digit increases.

While the rise is expected to continue after a possible ETH ETF approval, the cryptocurrency platform Layergg, He listed the altcoins that can be watched after approval.

Layergg listed the following Ethereum-based altcoins that could be tracked if ETH ETFs are approved:

“2024 ETH-Beta Watchlist:

• PEPE – The New King of Memes
• PENDLE – Best Bluechip DeFi
• Main Beneficiary of ENA – ETH Rally
• METIS – Gains from the “Low Volatility/High FDV” Debate
• ETHFI – Super App for Redemption

• ALT – Regranted Collections (RaaS)
• REZ – Low Cap Repurchase Center
• MKR – “End Game” (Rebranding/Renaming)
• OP – L2 is powered by Coinbase and Base Chain
• ARB – No.1 TVL of Layer 2

• LDO – Retrieval Conversion (Supported by Paradigm)
• ETC – PoW Ethereum
• ENS – Vitalik’s ‘Very Important’ Mattress
• SSV – Liquid DVT only
• UNI – Ethereum OG DeFi”

EthereumNoting that has been lagging behind in the market since September 2022 and showing signs of weakness against Bitcoin, Layergg recently stated that ETH/BTC He stated that the trading pair was approaching the bottom.

Layergg recently stated that ETH/BTC will rise after the approval of the Ethereum ETF, and this rise will be a big one. altcoin Stating that it could bring a rally, he said that ETH-Beta altcoins are the group with the highest potential to benefit from this rally.

*This is not investment advice.

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