- As Spot ETH ETFs commence trading, several notable crypto projects are poised to capture attention in the market.
- While the approval of Spot Ethereum ETFs has injected vitality into the crypto landscape, particularly among Ethereum-linked altcoins, the anticipation of these projects sustaining their momentum is palpable.
- Let’s delve into the projects that are currently standing out: Ethereum Name Services (ENS), Ethereum Classic (ETC), Lido DAO (LDO), Arbitrum (ARB), and Starknet (STR).
Discover which Ethereum-linked projects are set to shine as Spot ETH ETFs begin trading, bringing renewed energy to the crypto market.
Ethereum Name Services (ENS): Enhancing the User Experience
Ethereum Name Services (ENS) is a decentralized, open-source, and extensible naming system built on the Ethereum blockchain. Much like the Domain Name Service (DNS) for the internet, ENS aims to make the ETH-based web more intuitive and accessible. ENS has seen a recent price surge, reaching $29.40 in the last 24 hours.
Ethereum Classic (ETC): The Original Ethereum Blockchain
Ethereum Classic (ETC) represents a continuation of the original Ethereum blockchain, ensuing the notorious 2016 hack. This open-source, decentralized cryptocurrency platform leverages smart contracts to facilitate transactions. Currently, ETC is trading at $24.51.
Lido DAO (LDO): Innovative Staking Solutions
Lido DAO offers a staking solution that allows users to stake Ethereum and other Proof of Stake (PoS) blockchain assets. By staking through Lido DAO, users receive stTokens, representing their staked assets and earning staking rewards. LDO’s current price stands at $1.83.
Arbitrum (ARB): Enhancing Smart Contract Scalability
Arbitrum is an Ethereum-based Layer 2 solution focusing on scaling smart contracts. Known for its functionality, reliability, network activity, and low transaction fees, Arbitrum has become a favored project, particularly among Turkish crypto investors. Presently, ARB is trading at $0.7984.
Starknet (STRK): Pioneering Zero-Knowledge Proofs
Starknet integrates with the Ethereum blockchain as a decentralized Layer 2 project, aiming to enhance scalability while maintaining transaction privacy through zero-knowledge proofs. At the moment, STRK is priced at $0.618.
Conclusion
The introduction of Spot ETH ETFs has invigorated the crypto market, especially propelling Ethereum-linked projects into the spotlight. As these projects continue to develop and innovate, they are expected to remain significant players in the evolving landscape. Investors should, however, conduct thorough research before making any investment decisions.
