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Ether Hits $3K A potential spot ETH ETF approval would boost the second-largest crypto's appeal among more conservative, institutional investors. The price of ether (ETH), the native token to the Ethereum network, rose past $3,000 for the first time since April 2022 on Tuesday, continuing a recent hot streak. Ether's price rose about 1.6% over the past 24 hours and has risen over 12% in the past week, outpacing other cryptocurrencies, according to data from CoinGecko. ETH's rally could continue, with traders targeting $3,500 as the next resistance level as market participants anticipate that spot-based ETH exchange-traded funds (ETF) could be next in line for U.S. regulatory approval. "We are very close in this move to levels around $3,150-$3,300," said Kenny Hearn, SwissOne Capital’s chief investment officer, in an interview with CoinDesk. "The next level after that would be $3,600 and we think this is quite easily attainable in the next month or so as the alts continue to play catch up." A potential approval would boost ETH's appeal among more conservative, institutional investors, just as the new bitcoin ETFs that debuted last month have attracted massive allocations. Bernstein, a broker, said Monday that there is about a 50% chance of a spot ETH ETF approval by May and a near-certain probability of approval within the next 12 months.#strk #TrendingTopic #Write2Earn #ETH
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5 Crypto To Buy On The Verge Of $1 Billion Market Cap Crypto to buy GALA, BONK, LUNC, JUP, and PYTH quickly closing in on the $1 billion market cap milestone, each showcasing promising returns in 2024 1. Gala (GALA) Gala (GALA), the pivotal digital asset of Gala Games, stands as the primary currency for acquiring NFT items. It also serves as the reward for Founder’s Node operators who contribute to the network’s operations. Furthermore, GALA facilitates transaction fees within Gala’s blockchain ecosystem. A daily distribution mechanism is in place, allocating half of the GALA tokens to these operators and the remaining half to the Gala Games conservatorship. 2. Bonk (BONK) Bonk (BONK) has carved out a niche within the Solana ecosystem as the inaugural dog-themed digital currency. A notable strategy has been the distribution of half its total supply directly to the Solana community. This approach has elevated BONK’s market capitalization to $808.98 million, showcasing its potential in a market that values sustainability and efficiency. 3. Terra Classic (LUNC) Terra Classic (LUNC) is on the verge of a market resurgence, showcasing promising bullish patterns. After overcoming a series of challenges, its market stance has stabilized, hinting at an upcoming period of growth. Currently, the market capitalization of Terra Classic hovers around $748 million, with aspirations to breach the $1 billion mark soon. 4. Jupiter (JUP) Jupiter(JUP), this cryptocurrency, has been riding a wave of upward momentum fueled by a significant buying spree. Jupiter price has climbed to $0.5339, reflecting a 1.23% rise within a mere 24 hours. The surge in market capitalization to $718 million underscores a growing investor enthusiasm, positioning Jupiter at the 83rd spot on CoinMarketCap. 5. Pyth Network (PYTH) Pyth Network(PYTH) stands out as the leading and rapidly expanding first-party oracle network. It is revolutionizing the provision of real-time financial market data to decentralized applications across more than 40 blockchains. Pyth offers over 380 price feeds with
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