7 Crypto Assets To Buy Amid Spot Ethereum ETF Frenzy

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7 Crypto Assets To Buy Amid Spot Ethereum ETF Frenzy – Crypto News

Published

2 years ago

May 21, 2024

Dripp

Digital assets have picked up double digits in the market following momentum from spot Ethereum ETFs with trades looking for crypto assets to buy. The wider crypto market has moved up 8.6% in the last 24 hours to a $2.6 trillion market capitalization. Daily trading volumes have also surged to $144.83 billion, a 138.37% increase in the last 24 hours.

This upward movement has seen a wider jump in crypto assets, meme coins, and decentralized finance (DeFi) tokens. Here are seven crypto assets to buy amid the spot Ethereum ETF frenzy.

Ethereum (ETH)

As expected, Ethereum tops crypto assets to buy from most users in the last 24 hours. The crypto asset has rallied on the back of increased anticipation for spot Ethereum ETFs. ETH is up 23% today and 31.1% this week. Like Bitcoin ETFs, if approved for Ethereum, bulls anticipate a surge in price.

Bitcoin (BTC)

The market leader also picked up gains on the belle of the Ethereum-induced frenzy. Bitcoin is up $71,319, a 6.1% rise today and a larger 15% this week. Bitcoin’s upward gain comes as bulls relish a new jump above its all-time high after weeks of fluctuations.

BNB

BNB trades at $619, an 8% increase in the last 24 hours. The asset continues its good run this year with long-term gains. Weekly and monthly flows stand at 5.71% and 6.91% respectively. The surge in on-chain volumes on Binance is another bullish factor for the asset.

Solana (SOL)

Solana is known for outpacing the crypto market in a short-term bullish flip. At the moment, the asset trades at $180 after weekly highs of 23.4%. Solana’s volumes are up a massive 71% today signaling bullish pressure for the crypto asset.

Dogecoin (DOGE)

Meme coins have also notched inflows as the market rebounds this week. Dogecoin is up 8.81% today ranking among the top crypto to buy. Weekly gains are at 9.74% sparking a wider meme coin run. Daily volumes are up 216% at $2.3 billion.

Ripple (XRP) and Cardano (ADA)

Ripple trades at $0.54, a 5% increase today amid sustained industry gains. Despite the legal issues with the Securities and Exchange Commission (SEC), bulls maintain pressure amid the Ethereum ETF anticipation.

Community-dubbed ETH killer, Cardano also ranks among crypto to buy as the coin has flipped bullish this week. ADA trades at $0.50 soaring 7% today and 15.85% this week.

Also Read: Analyzing The Biggest Crypto Gainers of The Day