Researcher Predicts Ethereum ETFs to Attract $569 Million Monthly, 5 Altcoins Poised for Price Surges
Crypto researcher Bobby Banzai has forecasted that Ethereum ETF trading will generate monthly inflows of $569 million. Banzai's prediction is based on comparisons with global ETF values and CME futures open interest rates, which suggest Ethereum's value is approximately 19% of Bitcoin.
ETF Success May Fuel Altcoin Rally
Banzai believes the success of Bitcoin ETFs has pressured regulators to approve Ethereum ETFs. The marketing efforts for Ethereum ETFs could also drive significant inflows.
This influx of capital into the crypto market is expected to boost the prices of top altcoins in the coming weeks. Banzai recommends the following five altcoins as prime candidates for price pumps: Angry Pepe Fork, Ripple, Toncoin, Pepe, and Floki.
Top Altcoins Poised for Price Jumps
1. Angry Pepe Fork (APORK)
Angry Pepe Fork, a Solana-based memecoin, aims to rival other memecoins in the market. Its utility within the meme coin space and the high returns generated by staking its native token, APORK, make it an attractive investment. Analysts predict a price increase to $0.5, creating an opportunity for investors who missed out on Pepe coin.
2. Ripple (XRP)
Analyst JackTheRippler anticipates a bullish trend for Ripple, citing the formation of a triangle pattern on its chart. This pattern typically indicates accumulation and consolidation, leading to a potential surge in value to $5-$10.
3. Toncoin (TON)
Toncoin, linked to Telegram, has the potential to climb the crypto rankings due to its connection to the messaging platform and upcoming projects that may increase its adoption.
4. Pepe (PEPE)
Pepe, a top-performing meme coin, has the potential to benefit from the influx of funds into the crypto market. Analysts predict a price rise to $0.00002425.
5. Floki (FLOKI)
Floki, formerly Floki Inu, is expanding into a comprehensive ecosystem with various projects. The release of its Valhalla metaverse game and other initiatives are expected to enhance its functionality and price prospects.
Can Angry Pepe Fork Outperform Top Altcoins?
While Ripple, Toncoin, Floki, and Pepe are established altcoins, Angry Pepe Fork's status as a newcomer, combined with its utility as a memecoin and low market cap, makes it a potential outperformer.
Conclusion
With the anticipated influx of funds from Ethereum ETFs, the following altcoins have the potential for significant price gains in the coming months: Angry Pepe Fork, Ripple, Toncoin, Floki, and Pepe.