The news of Ethereum ETFs has the cryptocurrency community in a frenzy. The US SEC has delayed making a decision on several Ethereum ETF applications over the last few months. However, rumor now has it that the regulator could give ETH ETFs the green light. If this happens, the price of Ethereum and other top altcoins like Dogecoin and Rollblock could spiral in the coming weeks.
Ethereum (ETH) ETF Rumor Brings Positive Momentum To the Crypto Market
After a series of delays, the US SEC is finally expected to make a decision on Ethereum ETF applications this week. The crypto community is buzzing with excitement on social media as they wait for the regulator’s verdict.
According to Bloomberg Intelligence analyst James Seyffart, five major asset managers- Fidelity, VanEck, Ark Invest, Invesco/Galaxy, and Franklin Templeton – have submitted 19b-4 forms to the SEC to offer Ethereum ETFs. Leading up to the SEC’s decision, these asset managers have removed Ethereum staking from their investment products.
Ethereum is already widely regarded as one of the best coins to invest in. A spot ETF approval could open a window for institutional money may pour in quickly. ETH is already showing a weekly gain of 25.4% to reach a high of $3,810.98. The approval may result in a further increase in the price of ETH in addition to other cryptocurrencies like Dogecoin and Rollblock.
Dogecoin (DOGE) Close To a Big Price Breakout
Dogecoin (DOGE) is shaping up to be one of the biggest gainers as the crypto market looks forward to the ETH ETF approval. Crypto analyst Kaleo has shared that the meme coin has formed a pattern that could lead to an explosive price rally.
Kaleo also said that it’s almost time for DOGE to experience this rally. Judging by Dogecoin’s historic rally in 2021, a repeat of the rally could lead to the meme coin surging to a new all-time high. Investors who HODL DOGE through this altseason could see its price rise from $0.166 to as high as $3.
Rollblock (RBLK) Emerges As One of the Best Cryptos To Buy Ahead of ETF Approval
Rollblock (RBLK) is making waves in the market with its impressive performance. This innovative GameFi project has already raised an impressive $344.2k and is on track to reach $500k by the end of May. Early investors have already received a 20% return on investment after the price of Rollblock jumped from $0.01 to $0.012.
This new project is well placed to take advantage of the expansion of the online gambling market estimated to hit $744 billion by 2028. Thus, Rollblock is a legal, safe, and integrated online platform for crypto-gaming that enables players to participate in different casino activities.
Rollblock’s gaming platform is based on blockchain technology, which guarantees the fairness of every casino game. It also differs from traditional casinos in its business model, which is the basis of its revenues. Up to a part of the earnings, the platform purchases RBLK tokens and then eliminates them. This reduction in supply could increase RBLK’s value, positioning it as one of the best coins to invest in.
The other fifty percent will go towards incentivizing users who will stake their RBLK tokens. Rollblock’s revenue mechanism ensures that RBLK holders are rewarded at every turn, which may attract more people to its platform. After the approval of the Ethereum ETFs, RBLK is expected to surge up to $0.5 because of its burning and revenue-sharing mechanism and its high growth rate.
Closing Thoughts
Dogecoin and Rollblock are the best cryptos to buy right now as the crypto community awaits the SEC’s final verdict. The approval of Bitcoin ETFs in January caused a rally that rippled across the crypto market. Analysts believe the approval of Ethereum ETFs will do the same. So, buying the top altcoins, Dogecoin and Rollblock, is the best thing to do while waiting.
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