Ethereum-based coins set for gains as ETH ETF poised for launch

With an Ethereum ETF potentially launching in late June, Ethereum-based coins like DTX, Ondo, Arbitrum, Worldcoin, and Render are poised for substantial gains.

With an Ethereum ETF potentially being released by the end of June, according to Eric Balchunas, several Ethereum-based coins could be set for substantial gains in the market. Here are five of the top Ethereum-based coins: DTX Exchange (DTX), Ondo (ONDO), Arbitrum (ARB), Worldcoin (WLD) and Render (RNDR).

DTX Exchange: Leading Ethereum coin right now

First on the leading Ethereum coins list is DTX Exchange. It has already raised over $600,000 and is on track to reach $1m before June 2024 ends. Not only that, but those who bought this Ethereum coin early on are now enjoying a 100% ROI. This performance has attracted millions of global traders.

By integrating the best CEX and DEX features, DTX Exchange aims to dominate the online trading market. On this hybrid trading platform, traders gain access to over 120,000 asset classes, such as stocks and cryptos, leverage of up to 1000x and transaction speeds of nearly 0.04 seconds. This could result in DTX Exchange ruling the market over Binance and Coinbase.

The DTX utility token will power this platform. Lower transaction costs are one of the benefits brought about by the DTX token within this ecosystem; other advantages include governance voting rights and access to advanced analytics tools. Furthermore, ten fortunate DTX holders who buy $100 worth of DTX during its presale can win $100k each.

Priced at $0.04 in Stage 2 of its presale, demand for this Ethereum coin is sky-high. This is because a 50% rise will occur once Stage 3 begins and the price reaches $0.06. However, experts predict a jump to $1 once a Tier-1 CEX lists DTX in Q3 of 2024. Given all these reasons and its ties to the $133t bonds market, DTX is now the most promising Ethereum coin.

Ondo: Major analyst makes a bullish statement

Next, we must mention Ondo (ONDO) – an Ethereum-based coin riding a bullish wave. According to CoinMarketCap data, the Ondo price increased nearly 800% in the last year alone. Crypto analyst Mister Crypto also made a bullish statement for this Ethereum coin. His X post claims that ONDO has achieved a perfect breakout.

Although he revealed no price targets, Ondo’s future looks bright. Currently, over 19 technical indicators are in the buy zone for the Ondo coin. Due to all these reasons, experts in the crypto field have made a bullish Ondo price prediction. They forecast a price surge to $2 before Q2 of 2024 ends for this Ethereum coin.

Arbitrum: New partnership with gravity

As an Ethereum ETF may soon launch, Arbitrum (ARB) also emerges as one Ethereum-based coin to watch. Arbitrum recently announced that it would partner with the Gravity chain to give 20m Galxe users a seamless questing experience. This development may trigger a rally for this crypto.

The Arbitrum crypto saw a price drop of nearly 10% in the past 12 months. However, this Ethereum-based coin trades above its 50-day EMA, with six technical indicators in the buy zone. Due to all these bullish Arbitrum news and factors, market analysts foresee a rise to $2.10 within Q2/2024.

Worldcoin: Ready for a bullish rally as per a major expert

Worldcoin (WLD) is another Ethereum coin riding a bullish wave. CoinMarketCap data shows that the Worldcoin price surged nearly 200% on the YTD chart. Crypto expert Captain Faibik has some positive things to say about this crypto. His X post claims that Worldcoin completed its correction phase and is now on pace to see the next bullish rally.

The technical analysis of the Worldcoin crypto also supports this statement. Notably, over 12 technical indicators are flashing green for WLD now. Because of these factors, experts in the crypto field have made a bullish Worldcoin price prediction. They predict a surge to $6 before Q2 of 2024 ends for Worldcoin.

Render: Price analysis showing tremendous growth

Lastly, we will mention Render (RNDR), an exchange coin that has been showing bullish signs. According to CoinMarketCap data, over the past 12 months, the Render price increased nearly 300% and its market cap surged from $970m to $3.9b. Once an Ethereum ETF launches, interest in this Ethereum coin may also rise.

The Render token’s technical analysis also flashes green. Notably, RNDR is trading above its 50—and 100-day EMAs and has 16 green technical indicators. Thus, market analysts foresee a surge to $15 within Q2 of 2024 in their Render price predictions.

Conclusion

As an Ethereum ETF launch may occur in late June, all these Ethereum coins will surge. However, DTX Exchange gains a competitive advantage over Ondo, Arbitrum, Worldcoin and Render. This rookie has real-world ties to the trillion-dollar FX market and a low market cap, which means tremendous growth in a fast period.