Crypto ETFs Surging With BlackRock & Co. Pouring $1B into Ethereum, Wait Till In Filters Down To These 100x ETH Tokens

12h ago•

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Nothing screams bull market more than an influx of institutional investors and a growing risk appetite from traditional enterprises in crypto assets and the crypto market. We are now seeing this phenomenon play out in real time in the largest cryptocurrencies by market cap, such as Ethereum.

The second-largest altcoin by market cap has increased by 17% in the past week and is now edging ever so closer to breaching the psychological $5000 barrier for the first time.

While this is obviously bullish for Ethereum, it also spells good news for other altcoins in the market, as some of this liquidity and capital are bound to flow into the most hyped tokens at some point as investors look to diversify their portfolios. Analysts believe these three tokens, ENA, ETHFI, and RTX, could benefit from this liquidity spread as the bull market intensifies.

Institutional Investors Send Ethereum Price Surging, ETH Tokens Set To Benefit

There has been a phenomenal increase in the Ethereum price over the past week, with the second-largest cryptocurrency by market cap surging by 17%. This is thanks to an influx of liquidity in the token and its various crypto investment products, such as Ethereum exchange-traded funds (ETFs). Analysts estimate that around $1 billion in liquidity has gone into Ethereum in the past week as investor confidence increases as the bull market intensifies.

This means several things. One is that Ethereum could finally breach past the psychological $5000 barrier for the first time since it launched in 2015. It also means that ETH-based tokens could enjoy a price surge shortly, as some of the Ethereum liquidity trickles down into other assets as investors look to diversify their portfolios.

Analysts have tipped ENA and ETHFI as possible winners from the scenario, but they’ve also tipped their weight behind RTX, an upcoming native token in the fast-growing PayFi scene.

Analysts Throw Their Weight Behind Remittix As Launch Draws Closer

Crypto analysts are throwing all their weight behind Remittix, an upcoming PayFi project with impressive fundamentals, as the bull market intensifies. With the recent Ethereum price boost, analysts believe Remittix’s native token, RTX, could benefit massively from the trickle-down liquidity, causing a price spike when it eventually launches.

Remittix has caught the eye of the crypto industry recently, thanks to its impressive and innovative features, most of which are expected to transform the global payments experience. Some of these features include: