Despite Ethereum’s 8% Price Drop, ERC-20 Projects Like WienerAI May Surge

$ETH’s price has plummeted by ~8% to $3.1K following the SEC’s approval of eight spot Ethereum ETFs on July 23. 

The $ETH ETFs experienced a total net outflow of $113.3M on July 22, suggesting an initial lack of investor confidence. However, analysts remain optimistic about Ethereum’s future success: 

Let’s uncover what may propel $ETH’s long-term growth and Ethereum-based coins, such as WienerAI. 

Mixed Market Reactions After SEC ETF Approval

The Grayscale Ethereum Trust is the leading cause of the $ETH ETF $11.3M outflow. However, the Fidelity Ethereum Fund and the Bitwise Ethereum ETF recorded inflows of $74.5M and $29.6M on July 22, respectively. 

Despite the mixed market behavior, analysts believe $ETH may surge like $BTC. After the SEC approved $BTC ETFs on January 10, the coin’s price dropped by 9%, followed by a spike from $46K to a $75K ATH on March 13. 

$BTC is currently valued at ~$64.4K – a 33.33% upsurge since the SEC’s authorization, suggesting there’s still time for $ETH’s price to rally. 

Profitable Utility-Driven ERC-20 Tokens

Some utility-driven ERC-20 tokens have recorded significant weekly gains despite $ETH’s recent price drop: 

These coins have unique functionalities designed to boost user engagement within the Ethereum ecosystem. For example, $WILD and $SUPER are the backbone of two metaverse ecosystems (Wilder World and SuperVerse) and open in-game rewards. 

$WAI also stands out from other meme coins in the Ethereum arena for its utility. 

AI Meme Coin WienerAI Nears $7M Before Presale Closure

$WAI uses AI-powered technology and market analysis capabilities to assist crypto traders in finding the best investments. 

The trading bot also lets you switch between MEV-protected DEXs, preventing transaction manipulation that may cut into your profits.

WienerAI’s presale will end in five days after raising $7M in less than two months. We estimate $100K investments today due to FOMO, so it may be a good time to buy.

The project’s strategic token distribution (69B), including 20% to community rewards and 20% to staking, should also encourage early investing and HODLing.

Moreover, early investors can stake their assets with up to 141% APY, with 7.3B $WAI already staked. 

$WAI currently costs $0.00073 per token, but we predict the coin’s price will reach $0.0045 post-listing, likely spurred by its high staking rewards and the overall meme coin trend. This is a 144.17% gain for investors that get in on the action now, and 500% for the earliest investors. 

Buy $WAI by heading to the official WienerAI website, connecting your chosen crypto wallet, and selecting the amount you want to acquire. 

Our Verdict – Are $ETH-Based Utility Projects the Answer? 

Despite $ETH’s price drop following the SEC’s recent approval of $ETH ETFs, the cryptocurrency may recover and pump in the coming months – just as $BTC did in March. 

As the crypto market keeps maturing, driven by speculative and utility-driven projects, innovative coins like $WAI may contribute to Ethereum’s next growth phase. 

Investing in cryptocurrencies with real-world functionality may be the answer for investors looking to profit from emerging trends. 

References

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