The Chairman of the SEC, Gary Gensler, recently reiterated that some Spot Ethereum ETFs could be approved by September. As investors await the final approval of Ether ETFs, ETFSwap (ETFS) leads the ranking as the best altcoin to buy in 2024. Other notable altcoins that could perform well this year are Ondo Finance (ONDO) and Pendle (PENDLE).
Altcoins For Max Gains: ETFSwap (ETFS) Is The Best Altcoin To Buy In 2024
Several financial experts have identified ETFSwap (ETFS) as the leader among best altcoins to buy in the coming months. This is because the ETFS token has solid fundamentals, and the DeFi platform offers a perfect user experience for ETF trading, which could attract quality investors.
On ETFSwap (ETFS), tokenized versions of crypto spot and futures ETFs from notable issuers like Grayscale and VanEck can be traded. Once the SEC approves individual issuers, retail and institutional investors will be able to access Spot Ethereum ETFs on the platform. Introducing Spot Ethereum ETFs to ETFSwap (ETFS) would boost the platform’s trading liquidity and have a ripple effect on its native token (ETFS).
With ETFSwap (ETFS) positioned as the foremost trading platform for accessing Spot Ethereum ETFs, investor numbers and fund inflows will spike. Retail and institutional investors purchased over 10 million ETFS tokens in the past week. This buy volume is expected to surge significantly as investors aim to capitalize on the platform’s 40% buy bonus, which will last for a limited time.
Analysts expect ETFSwap (ETFS) to record up to 100 million token sales in the next three months, and its native token could surge by 1000% to 10,000% in September when Spot Ethereum ETFs get the final greenlight from the SEC.
Ondo Finance (ONDO): One Of The Best Altcoins To Buy In 2024
Ondo Finance (ONDO) is the governance token of the ONDO DAO, which aims to democratize access to institutional-grade finance. The Ondo Finance (ONDO) token has an all-time low of $0.08355 and an all-time high of $1.48. Technical analysis of Ondo Finance shows that the altcoin could perform well in 2024 and beyond.
Between June 12th and 17th, the Ondo Finance token had been on a downtrend. However, on the 20th of July, its price broke the $1.22 resistance level, trading as high as $1.3.
Although Ondo Finance’s price recently suffered a pullback, it is poised to continue on an uptrend as the chart reveals a break in structure to the upside. In the short term, Ondo Finance could rise by 20%, while later in the year, Ondo Finance investors can expect a 100%-200% surge, making it one of the best altcoins to invest in this year.
Pendle (PENDLE): Price Levels To Expect In 2024
The Pendle (PENDLE) token has surged by almost 900% in the past year. Investors expect an additional price appreciation for the DeFi token. The PENDLE’s chart shows that the token has been on a steady uptrend since the start of 2024.
Pendle (PENDLE) has formed higher highs and higher lows, with its recent higher low created around the $5 mark on the daily timeframe. The Pendle (PENDLE) token currently trades around $6 as it trends upwards, approaching the $7 resistance.
While this resistance is significant, it was tested on one occasion, making it weaker. Should Pendle’s price break the $7 resistance impulsively, investors can expect a bullish surge to the upside with $8, $10, and $15 as some psychological price targets in the short term. Some other psychological long-term price targets are $20 and $30.
Conclusion On Winning Spot Ethereum ETFs With Altcoins
ETFSwap (ETFS) would surge exponentially when the SEC finally approves Spot Ethereum ETFs. Although September is the expected launch date for Spot Ethereum ETFs, the ETFSwap (ETFS) is among altcoins that could appreciate significantly before Spot Ethereum ETFs get a final greenlight.
ETFS’s current price is $0.01831, and you can join the smart money investors to purchase the token with a 40% buy bonus using the code “ETFS40.” Hurry now to get ETFS, as the token’s presale allocation is limited!
For more information about the ETFS Presale:
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