Grayscale Ethereum ETF Mini-Trust Announces Full Fee Waiver Up to $2B; ETH Whales Are Following These Coins Closely
The latest news from Grayscale has set off a frenzy in the crypto space. In its Ethereum ETF Mini-Trust, Grayscale will waive all fees totaling up to $2B. This announcement got people making guesses about what might happen next with different Ethereum coins, whose prices have been going up and down quite significantly lately.
Meanwhile, big players are accumulating Ethereum-based tokens that they believe have growth potential. We will discuss five such coins: DTX Exchange (DTX), Mantle (MNT), Arbitrum (ARB), Ondo (ONDO) and Render (RNDR). While most are already established, DTX Exchange is a Stage 2 presale star that may become the next 100x token in 2024.
DTX Exchange (DTX): Among the Best ERC20 Tokens
DTX Exchange (DTX) has stood out in the cryptocurrency market during its presale. Before the end of July 2024, it is forecasted to raise $1.5M and has already secured over $1M. Influential crypto YouTubers like CryptoDexWorld have taken notice of this impressive performance; they say that DTX Exchange could become the ultimate trading platform.
What separates DTX Exchange from others is its new hybrid trading model. With this model, traders can get up to 1000x leverage on over 120,000 assets, including commodities and cryptocurrencies. Unlike Coinbase, which requires KYC checks upon registration as a mandatory measure, DTX does not ask for them at all, thereby providing full anonymity.
This trading platform is powered by the DTX ERC-20 token. Token holders will be able to participate in governance voting and save on trading fees, among other perks. Moreover, those who buy $100 of DTX during its presale will enter a $1M giveaway. Ten people will win $100K each.
DTX now costs just $0.04 in Stage 2 of its presale. This is a 100% rise from its starting price. Additionally, this price will rise to $0.06 once Stage 3 begins. Market analysts predict a potential 100x jump for DTX once it hits Tier-1 exchanges in Q3 of 2024. With this prediction, DTX becomes one of the best ERC20 tokens.
Mantle (MNT): Picking Up Speed
Mantle (MNT) is another ERC20 token riding a bullish wave. Recently, Mantle revealed that it is picking up speed. In their X post, they highlighted that the total TVL on Mantle is now $1.37B while its in-dApp TVL grew to $788M. This shows the level of interest that traders show for this project.
The value of the Mantle coin has soared over 50% in the past year alone. Moreover, MNT now boasts around 16 technical indicators in the green. Due to all these bullish Mantle news and indicators, market analysts foresee a surge to $1.21 before Q3 of 2024 ends.
Arbitrum (ARB): Major Analyst Remains Bullish
Next, we will discuss Arbitrum (ARB) - a prominent force in the ERC20 token space. Over the past 12 months, the Arbitrum price fell nearly 40%, as per CoinMarketCap data. However, crypto analyst FLASH remains bullish for this token. In his X post, he claims that ARB is preparing hard as it could reach $2.10 soon.
The technical analysis for the Arbitrum crypto supports this statement. For instance, ARB trades above its 50-day EMA, with five technical indicators in the buy zone. As a result, experts forecast a potential jump to $0.84 within Q3 of 2024 in their Arbitrum price predictions.
Ondo (ONDO): Another Rally Incoming
Up next, we will mention Ondo (ONDO). According to CoinMarketCap data, the Ondo price saw a 550% jump in the past 12 months. Crypto analyst Captain Faibik states that this bullish trend will continue. In his X post, he predicts that a 50% bullish rally is coming soon.
From a technical analysis perspective, the Ondo coin may follow this trajectory. Notably, around four technical indicators are in the buy zone for this Ethereum-based token. When making their Ondo price predictions, market analysts foresee a surge to $1.80 before Q3 of 2024 ends.
Render (RNDR): A Potential Uptrend
Last, we must discuss Render (RNDR), another prominent ERC20 token. On the YTD chart, the Render price jumped 240%, according to CoinMarketCap. Crypto Rover also made a bold prediction about RNDR. In his X post, he predicted that his Render token investment would be worth millions in a few months.
The technical analysis of the Render token also appears bullish. For instance, RNDR trades above its 50 and 100-day EMAs with seven green technical indicators. Thus, experts forecast a rise to $7.90 within Q3 of 2024 in their Render price predictions.
Closing Thoughts on the Top ERC20 Tokens
Grayscale declared it would waive all fees up to $2B for its Ethereum ETF Mini-Trust. In response to this move, several Ethereum-based coins have emerged as prime candidates for big returns. DTX Exchange, Mantle, Arbitrum, Ondo and Render lead the pack.
However, DTX Exchange has a competitive edge. This rookie has connections to the $1.4T stock market and a lower market cap. In other words, DTX will soar much faster than its peers. If you wish to buy this ERC20 token, sign up for the DTX presale using the links below.
MetDisclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
