4 ETH-Based Meme Coins Ethereum ETF Could Launch Into The Stratosphere

The recent authorization of Ethereum’s first exchange-traded funds (ETFs) has cast a spotlight on several ETH-based meme coins. Notably, Shiba Inu Coin (SHIB), Pepe (PEPE), Grok (GROK), and CorgiAI (CORGIAI) have recorded significant interest due to their recent market performances. These digital currencies have attracted attention with their substantial gains, reflecting their increasing popularity among investors.

1.​​ Shiba Inu Coin (SHIB)

​​Shiba Inu Coin (SHIB), often associated with meme culture, has impressively expanded in the decentralized finance landscape. This cryptocurrency, built on the Ethereum network, has seen its value increase by 182% over the previous year. Its ranking on CoinMarketCap is currently 12th, boasting a market capitalization of $14.29 billion.

The SHIB price currently sits at $0.00002415, marking a modest decline of 1.51%. The coin’s recent price surge can be attributed to increased trading activity, systematic token burns, and the rollout of Shibairum. These developments position SHIB as a lucrative investment for those seeking significant returns in the meme coin sector.

2. Pepe (PEPE)

Pepe (PEPE), a new meme coin on the Ethereum network, seeks to rival the explosive popularity of earlier coins like Shiba Inu and Dogecoin. It aspires to rise as a leading player among meme cryptocurrencies. The current price of Pepe stands at $0.00001412, reflecting a 2% rise in the past 24 hours. 

This spike has propelled it to the position of today’s top meme coin on CoinMarketCap. Over the past week, its value has increased by 38%. In the last year, the value of PEPE has soared by 928%, potentially setting the stage for an Ethereum ETF boost similar to four other Ethereum-based meme coins.

3. Grok (GROK) 

Grok (GROK) is making its mark in the meme coin domain, drawing inspiration from the Grok AI project by Elon Musk’s X company. This connection has significantly boosted its visibility, making it a notable AI-related meme cryptocurrency. 

Grok is currently priced at $0.01333, with a slight decrease of 1.62% over the last day. It holds a market capitalization of $82 million and ranks 521st on CoinMarketCap among Ethereum meme coins.

4. CorgiAI (CORGIAI) 

CorgiAI (CORGIAI) has established itself as a prominent player in the artificial intelligence domain. This distinction is bolstered by its innovative Corgi Cre8r tool. This feature allows users to craft text-to-image NFTs, demonstrating the project’s commitment to leading-edge technology. 

Despite a recent 20% decline in its token price, CorgiAI’s value has skyrocketed by 591% over the year, now standing at $0.001798. This robust growth has positioned it as a noteworthy investment among Ethereum meme coins. Currently, it ranks 2757 on CoinMarketCap, with a market cap of $541.72 million.

Bottom Line

The approval of Ethereum ETFs may significantly influence the trajectory of ETH-based meme coins. As these assets gain mainstream traction, they present a unique investment opportunity in the expanding crypto market.

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