After SEC Approval of ETH, Will These 3 Altcoin Projects Be Next?

Recently, major decisions made by the US Securities and Exchange Commission (SEC) have caused fluctuations in the Bitcoin and altcoin market. The approval of eight Ethereum spot ETFs by giants such as BlackRock and Fidelity is described as a major milestone for Ethereum. This development raises the question of which cryptocurrency will be next in line for investors. While many experts and analysts turn their eyes to Solana, alternatives such as Dogecoin and Litecoin also stand out. In this article we will examine the effects of SECs Ethereum approval on the altcoin market and share predictions on which altcoins could stand out in the coming period.

Which altcoin projects will be next after Ethereum?

As we reported how Cryptokoin.com, the US Securities and Exchange Commission (SEC) has brought a significant development to the cryptocurrency market by approving eight Ethereum spot ETFs alongside giants such as BlackRock and Fidelity. While this move is described as a major turning point for Ethereum, it raises the question in investors’ minds as to what the next cryptocurrency will be. In this context, many experts and analysts turn their eyes to Solana.

Former White House communications director and SkyBridge Capital co-founder Anthony Scaramucci expressed optimism following the SEC’s approval of Ethereum, saying, “A SOL ETF is coming, get ready.” With these statements Scaramucci expresses his conviction Solana will also receive ETF approval soon. CNBC host Brian Kelly is among those drawing attention to Solana’s potential. Kelly rates Solana, which ranks fifth in terms of market capitalization, with the words: “Bitcoin, Ethereum and Solana are probably the big three for this cycle.” These comments also coincide with the predictions of Solana investor and Asymmetric founder Joe McCann.

Dogecoin is also an ETF candidate

McCann, while expressing his belief that the next ETF to be approved will be Solana, also notes that the language used in the CoinBase case could affect future approvals. McCann says Dogecoin, which has similarities to Bitcoin’s launch and doesn’t have “definitely a stock” status, could also be an ETF candidate. Litecoin is also among the cryptocurrencies evaluated in this context.

However, from a regulatory perspective, although Dogecoin and Litecoin appear to have a better chance of gaining approval, the financial obligations required to launch a Litecoin ETF may be a deterrent for issuers. All in all, while the SEC’s approval of Ethereum represents a turning point for the cryptocurrency market, investors are eagerly waiting to see what the next cryptocurrency will be. While Solana stands out as a prominent candidate due to its potential and similarities to Bitcoin, Dogecoin and Litecoin are also considered more suitable options from a regulatory perspective. It’s a question of curiosity which one cryptocurrencies will receive ETF approval in the coming months and what impact this will have on the market.

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