- The ETH ETF approval anticipation brings the community to expect more altcoin ETF listings.
- Solana (SOL) and Ripple’s XRP arise as the likely contestants according to many analysts.
- How high will the price of XRP and SOL shoot when their ETF listing is confirmed?
The crypto sphere is buzzing over the ETH Spot ETF approval possibility. The expectation of an early approval has the crypto community anticipating major price surges for ETH as well as ETH-based tokens and altcoins in the market.
While this is enough synergy for the crypto frenzy on its own, many analysts are shifting their sights for what crypto asset could qualify to become the next ETF listing option and when will this altcoin ETF option come into play.
Considering the raging success of Bitcoin Spot ETFs so far it is no doubt that ETH Spot ETFs will likely experience the same success. This means that established financial institutions might go on to listing more altcoins with explosive potential as future Spot ETF options.
Earlier today, Miles Deutscher shares his take on the possibility. According to him the most likely token to join the Spot ETF bandwagon would be the lovable pioneer memecoin Dogecoin (DOGE).
In his point of view DOGE offers stability and popularity. Not to mention the asset has been around for almost as long as Bitcoin (BTC) and Ethereum (ETH). Most importantly, the Dogfather, Elon Musk, also shares profound support for the asset.
Certainly, this is an intriguing possibility. However, Deutscher also points out how a Spot ETF listing for Ripple’s XRP is also a big possibility. He says an XRP Spot ETF is als in the realm of possibility and could be more clear once Ripple closes its ongoing case with the SEC.
Meanwhile, one trader on Reddit starts the narrative of a Solana ETF being next. He marks how the ETH ETF announcement led to inflows of over $70 billion in a single day. This number is roughly close to that of SOL’s entire market cap.
He then speculates, if Solana (SOL) is to get its own Spot ETF listing, then SOL price and market cap would likely see the same effect. If so the price of SOL could shoot to $180 or ever $360 in a few hours alone.
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The post Bluechip Altcoins Solana (SOL) and Ripple’s XRP Print Highly Bullish Patterns Under ETF Listing Possibility Scrutiny, SOL Price to $360? appeared first on Crypto News Land.
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