Based on the potential influences of future ETFs on Ethereum’s value, the popular meme coin PEPE, also known as Pepe, is likely to rise in the meme coin rankings.
Ethereum ETFs are expected to start trading in the US by July 23, and experts anticipate that a lot of money will flow into Ethereum and possibly push the price sky-high. This development is expected to have a domino effect on several meme coins linked to Ethereum, which will benefit investors.
Shiba Inu (SHIB) Coin
A prominent example of a meme coin is the Shiba Inu Coin (SHIB), which has gained significant popularity in Defi. As an Ethereum-based token, SHIB has increased in value by 122% over the past year and is ranked 13th among cryptocurrencies with a market capitalization of $10.13 billion.
Now, SHIB’s price is trading at $0.00001715, and Shiba Inu Coin (SHIB) has seen a slight drop of 1.91% in the past 24 hours. Nonetheless, SHIB still maintains high trading volumes, constant token burns, and the upcoming Shibarium launch, which makes this price drop a favourable chance for buyers to purchase tokens at a low price.
2: GROK
Grok (GROK) has received some notice in the meme coin segment as an AI-based cryptocurrency. It is associated more closely with Elon Musk than with other meme coins.
Currently, at $0.0080, It has surged by 2.12% in the past day and has a market capitalization of $51 million. Due to its particular relation and recent price movement, Grok is a coin that investors should watch closely.
3: Popcat (POPCAT)
Popcat (POPCAT) has recently risen by 70.4% over the week and nearly 200% within the month, reaching the top 100 projects in terms of market capitalization, to be exact, 105.
Currently trading at $0.76, with a market capitalization of $747 million, Popcat is up by 5. It has been down by a whopping 5.77% in the last 24 hours but has the potential for bullish runs that may see it regain its position in the top 100. These meme coins are expected to gain more attention as more Ethereum ETFs enter the market, so they should be monitored in the upcoming period.
4: PEPE
Pepe, an Ethereum-based meme coin, aims to become the next Shiba Inu or Dogecoin in the market. Due to the introduction of Ethereum ETFs, merchants expect a rise in the demand for assets related to the Ethereum network.
As for meme coins, Pepe ranks 3rd with a market capitalization of $4.9 billion 00001162. It has experienced a slight 1.3% downturn in the last 24 hours, though its growth rate remains relatively high.
5: FLOKI
Floki, created with Elon Musk’s influence, has transcended the status of memes and become an international sensation. Since Floki has solid ERC20 support and many holders, it can benefit from the approval of the Ethereum ETF.
It is currently at $0.000177, down 1.4% over the last 24 hours. Given its well-developed community and market position, Floki remains well-positioned in the meme coin sector.
Disclaimer: Cryptocurrency investments are considered high-risk and may result in a lack of capital; the facts provided are widespread, and beginners are not advised to spend money on shares.
