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7 Cryptocurrencies to Buy in the Spot Ethereum ETF Frenzy
Digital assets have gained double digits in the market following the momentum of Ethereum spot ETFs with exchanges looking for crypto assets to buy. The broader cryptocurrency market rose 8.6% in the past 24 hours to a market capitalization of $2.6 trillion. Daily trading volumes also rose to $144.83 billion, up 138.37% in the past 24 hours.
This upward movement has seen a larger jump in cryptocurrencies, meme coins, and decentralized finance (DeFi) tokens. Here are seven crypto assets to buy on the spot Ethereum ETF frenzy.
Ethereum (ETH)
As expected, Ethereum is at the top of the cryptocurrencies purchased by most users in the last 24 hours. The crypto asset has rallied on the back of growing anticipation for spot Ethereum ETFs. ETH is up 23% today and 31.1% this week. Like Bitcoin ETFs, if approved for Ethereum, bulls anticipate a price increase.
Bitcoin (BTC)
The market leader also gained ground on the Ethereum-induced frenzy. Bitcoin rose $71,319, a 6.1% increase today and a 15% increase this week. Bitcoin’s rally comes as bulls appreciate a fresh jump above its all-time high after weeks of fluctuations.
BNB
BNB is trading at $619, up 8% in the last 24 hours. The asset continues its good run this year with long-term gains. The weekly and monthly flows stand at 5.71% and 6.91% respectively. The surge in on-chain volumes on Binance is another bullish factor for the asset.
Solana (SOL)
Solana is known for outperforming the cryptocurrency market in a short-term bullish reversal. At the moment, the asset is trading at $180 after weekly highs of 23.4%. Solana volumes increased by a massive 71% today, signaling bullish pressure for the crypto asset.
Dogecoin (DOGE)
Meme coins have also seen inflows as the market rebounds this week. Dogecoin rose by 8.81% today, ranking among the best cryptocurrencies to buy. Weekly gains are at 9.74%, triggering a broader run on meme coins. Daily volumes increased 216% to $2.3 billion.
Ripple (XRP) and Cardano (ADA)
Ripple is trading at $0.54 today, up 5% amid sustained sector gains. Despite legal issues with the Securities and Exchange Commission (SEC), bulls maintain pressure in anticipation of the Ethereum ETF.
Dubbed the ETH killer by the community, Cardano also ranks among the cryptocurrencies to buy as the coin has turned bullish this week. ADA trades at $0.50, up 7% today and 15.85% this week.
Read also: Analyzing the biggest cryptocurrency gains of the day