Home > Information news > K33 Research Says Ether Poised For Supply ‘Shock’ As ETFs May Attract $4 Billion Inflows, Top Altcoins That Could Give You 5x Gains

K33 Research Says Ether Poised For Supply ‘Shock’ As ETFs May Attract $4 Billion Inflows, Top Altcoins That Could Give You 5x Gains

Release: 2024/06/11 05:03 Reading: 680

Original author:Thecoinrepublic.com

Original source:https://coinmarketcap.com/community/articles/66675c4c97e958237a2b3dce

K33 Research Says Ether Poised For Supply ‘Shock’ As ETFs May Attract $4 Billion Inflows, Top Altcoins That Could Give You 5x Gains

Ethereum-Based ETFs Expected to Drive $4 Billion in Investments

Upcoming Ethereum-based ETFs are poised to attract significant investments in the U.S., according to a report by K33 Research. The firm predicts inflows of $4 billion within the first five months of operation.

K33's forecast is based on comparisons with existing Ether-based ETPs and Bitcoin products, as well as open interest in futures contracts on the CME, a popular marketplace for institutional investors.

Capital Inflows to Trigger Altcoin Rally

The influx of capital into Ether ETFs is expected to boost Ethereum's price significantly. Standard Chartered predicts a potential rally to $8,000, surpassing Bitcoin's performance.

This surge in Ethereum's value could spark an altcoin season, potentially the largest in history. Investors are already eyeing top altcoins for substantial returns.

Best Altcoins for 5x Gains

While Ethereum's growth is likely to drive the overall altcoin market, the following five altcoins have been identified as top picks for 5x gains or more:

  1. Angry Pepe Fork (APORK): A unique project leveraging the Solana network to enhance utility in the meme coin space. With a focus on conquering zombie coins, APORK offers staking rewards and has strong community support.
  2. Cardano (ADA): A highly anticipated project awaiting its Chang hard fork in June. Analysts predict a potential 10x return from its current value, based on technical indicators indicating a symmetrical breakout.
  3. Ordi (ORDI): A pioneer in creating digital assets on Bitcoin, Ordi has regained bullish momentum and is positioned for a breakout. It could reach new all-time highs of $100 or more.
  4. Render (RNDR): A GPU platform that empowers users to contribute and access computing power. Render's adoption and token value have grown exponentially, with analysts predicting a surge above $50.
  5. Celestia (TIA): A modular blockchain project gaining traction. The industry's growth and a scheduled Modular event could push Celestia's price to over $50.

Conclusion

As the crypto market prepares for a potential altcoin season, Angry Pepe Fork, Cardano, Ordi, Render, and Celestia stand out as exceptional investment opportunities. While all five offer 5x gain potential, APORK's unique concept and early-stage presale price of $0.014 present a compelling opportunity for investors to get in early on a groundbreaking project.

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