Spot Ethereum ETFs saw a record $1.018 billion in inflows on Monday, indicating that the demand for the second-largest crypto remains robust.
BlackRock’s ETHA dominated with $639.8 million in inflows, trailed by Fidelity’s FETH at $276.9 million, and Grayscale with $66 million.
Ethereum ETFs recorded 5.5x the amount of the net inflows of their BTC counterparts, which took in just $179 million on Monday.
Meanwhile, Ethereum treasury firms continue their aggressive buying. Tom Lee’s BitMine now holds 1.2M ETH, worth nearly $5 billion, while SharpLink Gaming’s holdings have also surpassed the $2.5 billion mark.
The strong demand is well reflected in the ETH price, which continues to hold above the $4300 mark despite the pre-CPI flush.
Ethereum price predictions from leading analysts remain strongly bullish, with many expecting a new all-time high as early as August.
Ethereum ecosystem coins, like Pendle, Lido DAO, Arbitrum and Pepe, are also showing significant bullish strength. Low-cap meme tokens like TOKEN6900 and Maxi Doge are also in high demand, with seasoned traders viewing them as potential 100x cryptos.
Ethereum Price Prediction – Is It Still Early To Buy ETH?
The strong inflows into spot Ethereum ETFs indicate a robust demand for the second-largest crypto.
It also highlights intense FOMO buying. After the Ethereum price broke through the multi-year $4000 resistance, whales and institutions are rushing to buy ETH before its new all-time highs and subsequent price discovery.
As many experts have pointed out, the real Ethereum bull rally is just starting.
In fact, prominent analyst Galaxy claims that while ETH has already shown significant bullish strength against its USD pair, the ETHBTC pair is just getting started.
Once ETHBTC breaks its multi-year downtrend, Ethereum is expected to significantly outperform Bitcoin, even in USD terms, a trend already hinted at by the stronger inflows into spot ETH ETFs compared to their BTC counterparts.
SharpLink Gaming’s Joe Lubin recently told CNBC that Ethereum could surpass Bitcoin’s market valuation within a year, owing to the aggressive buying from treasury firms and the strong ETF inflows.
Indeed, BitMine’s ETH holdings have surged to nearly $5 billion within just two months. Meanwhile, SharpLink Gaming’s have also surged past the $2.5 billion mark.
Unsurprisingly, Ethereum price predictions from prominent analysts remain heavily bullish. Even some of the more conservative projections have ETH hitting $5000 in the coming weeks. Others, like BitMine’s Tom Lee, are eyeing $10,000 as the key year-end price target for Ethereum.
These Ethereum Meme Coins Could Be The Next 100x Cryptos
Ethereum shows a strong correlation with its ecosystem coins. For instance, Pendle, Lido DAO and Arbitrum are among the top crypto gainers over the past few days, each being viewed as excellent ETH beta plays by experts.
Similarly, low-cap Ethereum meme coins are in high demand. For instance, TOKEN6900 (T6900), a new coin that has marketed itself as the ETH-based alternative of SPX6900, has raised nearly $2 million in its viral ICO.
Much like Fartcoin, SPX6900 and other top meme coins, TOKEN6900 is an unapologetically no-utility coin. Instead, it is aiming to be the global benchmark for brain-rot finance.
The project’s whitepaper transparently reveals that it doesn’t care about GDP, oil prices or corporate earnings. Instead, it relies on vibe liquidity and the popularity of the most popular number, 6900.
This unique meme coin is already going viral in its presale, with some even calling it the next 100x crypto.
Similarly, Maxi Doge (MAXI) has emerged as one of the hottest low-cap meme coins on the market.
Portrayed as the wilder cousin of DOGE, MaxiDoge is all about maximizing gains, whether that’s pumping in the gym or pumping in the markets. On its website, the shredded dog is depicted clutching a Red Bull in one hand while the other hovers over a trade, hunting for 1000x gains.
The MAXI presale is quickly nearing the $1 million mark, a sign of strong community support and high upside potential. Much like TOKEN6900, Maxi Doge is another low-cap investment that many seasoned traders are viewing as the next 100x crypto.
Visit Maxi Doge Presale
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