Spot Ethereum ETF‘s launch date in the US, July 23, is rapidly approaching, and experts predict a significant capital inflow to Ethereum, potentially driving its price to new highs. This launch is also expected to impact some memecoins operating on Ethereum’s Blockchain, pushing their prices upward. Here are the top memecoins considered to have high earning potential.
Shiba Inu (SHIB)
A popular memecoin, Shiba Inu (SHIB), has shown significant growth in the decentralized finance world. Built on the Ethereum network, SHIB’s value increased by 122% just last year.
Currently ranked 13th among the largest cryptocurrencies by market cap, SHIB has a market value of $10.13 billion. As of now, SHIB’s price is $0.00001715, having dropped 1.91% in the last 24 hours. Despite this drop, SHIB remains a strong investment due to increased trading activity, systematic token burns, and the launch of its Layer-2 solution, Shibarium, offering buyers the opportunity to accumulate more SHIB at a discounted price.
Pepe (PEPE)
Another Ethereum-based memecoin, Pepe (PEPE), aims to rival the popularity of Shiba Inu and Dogecoin. With the upcoming spot Ethereum ETF approval, investors expect assets related to the Ethereum ecosystem to rise, and PEPE is one of them.
Pepe currently ranks 3rd among memecoins with a market value of $4.9 billion. Its price is $0.00001162, having dropped 1.3% in the last 24 hours, but it continues to have high growth potential with the launch of the spot Ethereum ETF.
Floki (FLOKI)
Inspired by Elon Musk, the former memecoin Floki has transformed from a meme into a globally recognized brand. As an ERC-20 memecoin with a broad investor base, Floki is well-positioned to benefit from the spot Ethereum ETF approval.
Currently trading at $0.000177, Floki has dropped 1.14% in the last 24 hours but remains a strong contender in the memecoin market due to its established presence and community support.
Grok (GROK)
Grok (GROK), an AI-related meme cryptocurrency, has gained traction in the memecoin space. Additionally, Grok is expected to have a stronger connection with Elon Musk than any other memecoin.
Currently trading at $0.0080, Grok has a market value of $51 million and recorded a slight increase of 2.12% in the last 24 hours. This connection and recent price movement position Grok as an interesting memecoin to watch.
Popcat (POPCAT)
Popcat (POPCAT) has been the best-performing memecoin in recent weeks, with a 70.4% increase over the weekly timeframe and nearly 200% over the past month. Although it briefly entered the top 100 projects by market cap, it currently ranks 105th.
With a market value of $747 million, Popcat is trading at $0.76, having dropped 5.77% in the last 24 hours, but it may continue to rise and re-enter the top 100 projects. This makes it an important memecoin to follow.
