Ethereum Holders Eye 50x Gains with This New ICO Ahead of Potential ETF

cryptonews.com:

Ethereum (ETH) holders are looking for high beta plays that could deliver 50x gains ahead of the potential launch of US spot Ethereum ETFs this summer, with one new ICO called Base Dawgz (DAWGZ) getting attention.

The US SEC just dropped its investigation into Ethereum 2.0. That effectively signals the end of the agency’s push to have the crypto classified as a security.

That comes after the SEC approved 8 spot Ethereum ETFs last month. These are expected to launch in July.

UPDATE: we are moving up our over/under date for the launch of spot Ether ETF to July 2nd, hearing the Staff sent issuers comments on S-1s today, and they're pretty light, nothing major, asking for them back in a week. Decent chance they work to declare them effective the next… https://t.co/XJZ8JLwEFF

— Eric Balchunas (@EricBalchunas) June 14, 2024

Once the ETFs go live, a potentially massive flood of institutional investor liquidity into the Ethereum ecosystem could begin.

Ethereum would be expected to perform very well under such conditions.

But smaller crypto assets tied to the Ethereum ecosystem, such as meme coins, have exponentially larger gains.

Investors are thus rushing to gain exposure to high-beta Ethereum ecosystem growth plays.

And Base Dawgz (DAWGZ) is one such meme coin that could see outsized, potentially 50x gains when meme season returns.

DAWGZ is a new Base meme coin, but is launching with exciting multi-chain bridging, or base jumping, capabilities.

Here’s why this new ICO could be one of summer’s best meme coin plays.

DAWGZ is a base-jumping Shiba Inu that appears across five blockchains: Base, Ethereum, BNB, Avalanche, and Solana.

Currently, in presale, eager investors have already invested nearly $2.0 million in DAWGZ.

https://twitter.com/Ba