What can you expect from this top-traded altcoin by Ethereum whales in the coming months? With the approval of Ethereum exchange-traded funds (ETFs), the landscape for Ethereum-based altcoins is poised for significant change. Top analyst Michaël van de Poppe has noted significant opportunities in five specific altcoins, signaling a potential shift in investment strategies among Ethereum whales.
Several factors are contributing to the increased interest. The 20-day MVRV chart highlights the profitability of holding certain altcoins, showing addresses that purchased them in the last 30 days are seeing gains. Furthermore, Uniswap remains Ethereum's top decentralized exchange (DEX), powering billions in trade volume monthly. As Ethereum-based DeFi usage grows, the demand for and value of specific altcoins built on the Ethereum network is expected to rise proportionally. The recent jump in ETH, with a 21.7% increase in the last 24 hours, has pulled Ethereum-based altcoins up with it, experiencing double-digit increases across the board. This positive momentum is anticipated to continue, especially after the ETF approval.
Ethereum price prediction hinges on the asset’s ability to turn key technical resistance into support while leveraging protocol upgrades and improving regulatory clarity. Experts are closely watching several altcoins, predicting significant growth potential. Some must-buy altcoins ahead of the altcoin season are, according to analysts, ETFSwap (ETFS), Bonk (BONK), and Ordinals (ORDI). Let's see why ETFSwap (ETFS) is positioned to potentially benefit from this surge in interest and investment from Ethereum whales and the broader market. Understanding these dynamics is key to forecasting the future trajectory of this top-traded altcoin and others within the Ethereum ecosystem.