Cryptocurrency markets are experiencing positive momentum as the SEC approved spot Ethereum ETFs and Bitcoin has rebounded to $69,000. Traders are now looking for the best crypto to invest in for quick gains, with Ethereum being a top contender. Despite a 20% increase this week, Ethereum is still below its March and 2021 highs. The approval of spot Ethereum ETFs is expected to attract institutional investors, providing a bullish narrative for Ethereum.
ETF approval also clarifies Ether’s status as a non-security and signifies approval from US regulators. This influx of new buyers will bring more liquidity to the Ethereum ecosystem, reinforcing its position as the preferred blockchain for web3 projects. With the potential for Ethereum to reach new all-time highs, it is considered a strong candidate for investment, especially as Bitcoin progresses towards $100,000.
For investors seeking higher returns, smaller altcoins with lower market caps may offer 5-10x gains. Core (CORE) and Ondo Finance (ONDO) are two such altcoins showing promising performances. Core aims to be a decentralized and efficient blockchain, with potential for quick gains. ONDO is part of the tokenization of real-world assets trend, offering substantial returns and growth within the Ethereum ecosystem.
Uniswap (UNI), a leading decentralized exchange protocol, is also positioned for growth as it tests key resistance levels. Approval of Ethereum ETFs has positively impacted Uniswap, with potential for significant gains if it surpasses resistance levels. These altcoins present opportunities for investors looking for higher returns in the crypto market.
Disclaimer: Cryptocurrency investments are high-risk and this article is for informational purposes only. It does not constitute investment advice and there is a risk of losing all capital invested.