- Cryptocurrency markets are ending the week with solid momentum following the SEC’s approval of spot Ethereum ETFs.
- Bitcoin (BTC) has recovered back to the $69,000 level, prompting traders to seek the best crypto investments for quick gains.
- Ethereum (ETH) is up over 20% this week but remains below its March highs, despite the bullish narrative surrounding its ETF approval.
Discover the top cryptocurrencies to invest in now, including Core, Ondo, and Uniswap, as the market reacts to the latest developments in the crypto space.
Ethereum ETF Approval: A Game Changer
The SEC’s approval of spot Ethereum ETFs marks a significant milestone for the cryptocurrency market. This decision is expected to attract a surge of new demand from institutional investors, potentially driving Ethereum to new record highs. The approval also clarifies the regulatory status of Ether, removing uncertainties about whether it is considered a security. As new ETH buyers enter the market, the increased liquidity could further solidify Ethereum’s position as the leading blockchain for web3 projects and developers.
Core (CORE): A Promising Contender
Core (CORE) has shown impressive performance, bouncing back from the $1.50 support zone to reach $1.97. With a 22% increase in the last 24 hours, CORE is currently one of the best-performing cryptocurrencies in the top 100. Core aims to be an inclusive, decentralized, secure, and efficient web3 blockchain. If it can return to its April highs, investors could see a quick 2x gain in the coming weeks, making it a strong candidate for the best crypto to buy now.
Ondo Finance (ONDO): Riding the Ethereum Wave
Ondo Finance (ONDO) is experiencing new record highs as the Ethereum ecosystem grows. Currently trading around $1.1460, ONDO is up 7% on the day. The tokenization of real-world assets (RWA) is a major theme in crypto, and Ondo Finance is a leading player in this space. One of its standout products is the Ondo Short-Term US Government Treasuries (OUSG) token, which yields 4.96% and has nearly $200 million in trade value locked. With a total value locked (TVL) recently hitting a record high above $450 million, ONDO has seen a nearly 600% increase year-to-date. As inflows into the Ethereum ecosystem continue, ONDO’s upside potential could accelerate, making it a top pick for investors.
Uniswap (UNI): Testing Key Resistance
Uniswap (UNI), the leading decentralized exchange (DEX) protocol, is testing key resistance just above $10. With an 11% increase in the past 24 hours, Uniswap is benefiting from the Ethereum ETF approvals. This regulatory clarity has removed doubts about ETH being a security, which could also positively impact Uniswap. If Uniswap can break through the $10 resistance, it could quickly retest its yearly highs at $17, offering the potential for a 70% gain. This makes UNI another strong contender for the best crypto to buy now.
Conclusion
The recent SEC approval of spot Ethereum ETFs has injected new momentum into the cryptocurrency market. Ethereum, Core, Ondo Finance, and Uniswap are all showing strong potential for significant gains. As the market continues to evolve, these cryptocurrencies offer promising opportunities for investors looking to capitalize on the latest developments. However, it’s essential to remember that crypto investments come with high risks, and thorough research is crucial before making any investment decisions.
