The recent approval of 11 Bitcoin ETFs by the US Securities and Exchange Commission (SEC) has set the stage for a new era in the cryptocurrency market, allowing a broader audience to enter the space without directly owning Bitcoin.
This pivotal development has triggered a spotlight on altcoins poised to thrive post-ETF approval, with trending meme coin ApeMax (APEMAX) and its groundbreaking “Boost-to-Earn” staking feature emerging as one of the standout young new altcoins.
Based on information gathered from authoritative Web3 news sites and top crypto charts, this piece will delve into the significant winners and prime altcoins crypto buyers are looking at after the historic ETF approval.
The Ultimate List of Trending Altcoins and Meme Coins Riding the ETF Bull Run
- ApeMax – Pioneer altcoin and first in Boost-to-Earn.
- Ethereum – Largest altcoin by market capitalization.
- Cardano – PoW blockchain for smart contracts and DApps.
- Pepe Coin – 4th largest meme coin by market cap.
- Memecoin by 9gag – Native token for 9gag’s Web3 studio.
- ApeMax (APEMAX)
ApeMax is redefining the meme coin landscape with its revolutionary “Boost-to-Earn” staking system. Operating on the Binance Smart Chain (BSC), ApeMax introduces an engaging and interactive way for early buyers to earn rewards.
ApeMax’s expanding crypto presale and billions of tokens already staked highlights the growing interest of crypto enthusiasts in this new and innovative trending altcoin.
- Ethereum (ETH)
As a pioneer in blockchain technology, Ethereum continues to be a driving force in the crypto space and one of the top trending altcoins. The introduction of smart contracts has revolutionized the landscape, enabling self-executing agreements and giving rise to applications such as digital marketplaces and decentralized finance (DeFi). Ethereum maintains its position as the second-largest cryptocurrency after Bitcoin.
- Cardano (ADA)
Cardano, a third-generation blockchain, addresses the shortcomings of its predecessors. Operating under a proof-of-work (PoW) model, Cardano is an open-source platform designed for hosting decentralized applications (DApps) with a strong emphasis on security and engineering. Cardano is up by more than 57% over the past 12 months.
- Pepe Coin (PEPE)
Inspired by the iconic “Pepe the Frog” meme, Pepe Coin entered the crypto space in 2023. It now has a market cap exceeding $520 million. Unlike many newer meme coins such as Bonk and ApeMax which have opted for faster chains, Pepe coin operated on the Ethereum chain.
- Memecoin by 9gag
Memecoin, an Ethereum-based token operating on the ERC-20 network, was introduced by the 9gag group and created by Web3 firm Memeland. After the approval of spot Bitcoin ETF, Memecoin ranks as the ninth trending cryptocurrency on CoinGecko’s list, and its price has been up by more than 28% within the past 7 days.
What do the Bitcoin Spot ETF Approvals Mean for Crypto?
Cryptocurrency tokens are highly correlated, and the recent BTC ETF approvals can influence various tokens. While it remains uncertain to what extent other crypto assets will be affected, Bitcoin’s impact on the broader market cannot be understated.
Why Does Bitcoin Influence the Crypto Bull Run?
Bitcoin, as the leading and most established cryptocurrency, sets the tone for the broader market. While it’s impossible to predict when a crypto bull run will occur, Bitcoin’s movements play a crucial role in shaping sentiment and timing. A positive move in Bitcoin can potentially influence some innovative or trending altcoins.
The approval of Bitcoin ETFs marks a pivotal moment in the crypto universe, paving the way for wider mainstream adoption. Altcoins such as ApeMax, Ethereum, Cardano, Pepe, and Memecoin by 9gag and the crypto market are riding the wave of the Bitcoin ETF approval.
However, caution is paramount in the volatile crypto market. Thorough research and an understanding of associated risks are crucial. This article does not offer financial advice, and crypto engagement may not be suitable for everyone.
For those interested in ApeMax, note that individuals from restricted nations and sanctioned countries may not be eligible to purchase ApeMax. Refer to the official ApeMax website for eligibility rules before purchasing tokens.