The cryptocurrency market is abuzz with exciting developments, from the ongoing presale of the WW3Shiba (WW3S) token to the potential launch of Ethereum and Solana ETFs.
WW3Shiba, a meme coin with a charitable mission, has been gaining traction among investors, while Ethereum and Solana are poised for significant market movements due to their respective ETF prospects.
This article explores the rising interest in WW3Shiba and the anticipated impact of Solana and Ethereum ETFs on the crypto landscape.
Ethereum ETFs approval expected to spur an ETH price rally
Ethereum (ETH) is on the verge of a major market shift with the potential approval of spot Ethereum ETFs.
According to U.S. SEC Chair Gary Gensler, Ethereum ETFs will be approved this summer and reports suggest that the SEC could greenlight the ETFs by July 4, which could trigger a significant price rally for ETH.
According to StoneX, Ethereum could see a 40% increase in its price within two months of the ETFs going live.
This optimism is fueled by the historical context of Ethereum’s supply dynamics. Since the Merge in 2022, Ethereum has burned more than 1.5 billion ETH, while adding 1.36 billion ETH, resulting in a net supply reduction of 345,000 ETH.
Despite a recent inflationary spell, driven by the Dencun upgrade which introduced mechanisms to reduce transaction fees, the overall supply of ETH has decreased significantly.
With Ethereum (ETH) currently trading around $3,434, technical analysis suggests that the price could rebound from key support levels, especially as the 30-day Market Value to Realized Value (MVRV) ratio nears historically low points that often precede a recovery.
The anticipated approval of spot ETFs is seen as a catalyst that could propel Ethereum to new heights, with StoneX projecting a long-term price range between $2,142 and $12,621.
SOL price jumps after VanEck files for Solana ETF
Solana (SOL) is another cryptocurrency that stands to benefit significantly from the launch of spot ETFs.
On June 27, the price of Solana (SOL) jumped by about 10% after VanEck filed for a spot Solana ETF, offering a glimpse into what would happen if the ETFs would be approved.
According to GSR Markets, a “blue sky” scenario could see the price of SOL increase by a factor of nine. This forecast is based on the assumption that spot Solana ETFs would capture 14% of the flows seen by spot Bitcoin ETFs since their launch.
Currently priced at $145, Solana could potentially rise to over $1,320, with its market cap soaring to $614 billion.
Even in more conservative scenarios, GSR predicts substantial price increases. A “bear” scenario, where ETFs capture only 2% of Bitcoin ETF flows, would still result in a 1.4x price rise, while a “baseline” scenario could see a 3.4x increase.
However, despite these optimistic projections, regulatory hurdles remain a significant challenge. The SEC has labeled SOL as a security in its lawsuits against Binance and Coinbase, complicating the path to approval for spot Solana ETFs.
Nevertheless, the global interest in Solana-based products remains strong, with over $1 billion worth of Solana exchange-traded products already available worldwide.
WW3Shiba (WW3S) token presale riding the ETFs waves
The Ethereum-based WW3Shiba (WW3S) token, which launched a presale a few days ago, stands out in the crowded meme coin market by combining the appeal of a meme coin with a meaningful charitable mission.
The WW3S token is expected to benefit immensely from an Ethereum price rally if Ethereum ETFs are approved.
The WW3Shiba project aims to support dogs injured in wars, with a portion of the funds raised through its token presale going to organizations like War Paws, Paws Of War, Nowzad, and US War Dogs.
Investors have an opportunity of purchasing WW3S tokens at a $0.0013 per token in the current stage of the presale before the price goes up in the next presale stage.
WW3Shiba has a total supply of 4.3 billion WW3S tokens with 35% of these tokens allocated for presale, while the rest are designated for the team, marketing, staking, ecosystem development, and charity.
Investors are drawn to the high staking returns promised by the project, with potential returns of up to 60%. This, coupled with the play-to-earn ecosystem, provides a compelling investment proposition.
The project’s roadmap includes the launch of a dedicated NFT marketplace and the development of a play-to-earn game, which are expected to further enhance its appeal.
By focusing on both community engagement and charitable contributions, WW3Shiba is carving out a unique niche in the crypto world.
Conclusion
From the WW3Shiba token presale to the potential launches of Ethereum and Solana ETFs, the cryptocurrency market is brimming with opportunities.
WW3Shiba’s unique blend of meme coin appeal and charitable mission is drawing investors, while Ethereum (ETH) and Solana (SOL) are poised for significant market movements due to their ETF prospects.
The post WW3Shiba (WW3S) presale gains momentum with Ethereum and Solana ETFs with in focus appeared first on Invezz
