Ethereum ETF’s Look Set To Be Approved As ETH Price Pumps Over $3500; Investors Are Stocking Up On Avalanche (AVAX) and Rollblock (RBLK) For Altseason
The Ethereum (ETH) ETFs filing process has seen major progress. While approval is not guaranteed, it’s now more likely to occur than before. Specifically, the U.S. Securities and Exchange Commission (SEC) is now asking exchanges to update the 19b-4 filings on an accelerated basis.
In addition, Avalanche (AVAX) has seen major appeal with the launch of Gamestarter on GameChain, and traders are also stocking up on Rollblock due to its major ROI potential, which is already up 20%. We will go over each one to see why these are the best altcoins to invest in.
Ethereum (ETH) has pumped over $3,500 as exchanges are asked to update 19b-4 filings on an accelerated basis by the U.S. Securities and Exchange Commission (SEC), according to data from three people familiar with the situation that reported it to CoinDesk. This suggests that they could be moving towards the approval of these applications ahead of the key deadline on May 23, 2024, which could drive the Ethereum price up further and make it one of the best altcoins to buy.
As for the on-chart metrics, they are now positive as the Ethereum crypto experienced a year-to-date (YTD) climb of 101%. As a result, sentiment is bullish on its future, and according to the Ethereum price prediction, it can end 2024 at $4,467.
Avalanche (AVAX) is one of the altcoins that’s being stocked up by traders as a result of the heightened market momentum. Additionally, the Avalanche crypto was positively affected as Gamestarter launched on GameChain, a Layer-1 that provides a secure platform that’s easy for developers to build on, powered by the Avalanche ecosystem. All of the subnets are also automatically supported in Core, ensuring that the community always has utility.
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