Top 10 Altcoins Poised for 100x Surge Following the Approval of Ethereum ETFs

The recent approval of multiple Ethereum spot exchange-traded funds (ETFs) has bolstered investors' confidence about an imminent rally

The recent approval of several Ethereum spot exchange-traded funds (ETFs) has sparked optimism among investors, who anticipate a significant rally in the broader market that could extend to altcoins, including Shiba Inu (SHIB).

According to data from CoinShares, eight of the nine approved Ethereum ETFs, excluding the Grayscale Ethereum Trust ETF (ETHE), have generated more than $2.2 billion in net inflows. These inflows are expected to have a positive impact on ETH's price, which could, in turn, drive up the prices of other altcoins.

In a tweet, popular crypto enthusiast Ava Monaro highlighted the top 10 altcoins that could surge between 1,000% (10x) and 10,000% (100x) following the approval of spot Ethereum ETFs.

The list includes SHIB, Byte (BYTE), Ethereum Name Service (ENS), Render (RNDR), Baby DogeCoin (BabyDoge), Turbo (TURBO), Pepe (PEPE), Bonk (BONK), Toncoin (TON), and Ondo (ONDO).

Shiba Inu is currently trading at $0.00001673, and a 10x surge would propel the asset's price to $0.00018403. Meanwhile, a 10,000% increase from its current price would see Shiba Inu hitting the $0.00168973 mark.

Several experts have projected that SHIB could trade within the ranges of $0.0001 to $0.001 in a bull market. Notably, experts from Changelly speculate that SHIB could reach the $0.0001 threshold by December 2027, approximately three years from now. They further anticipate that SHIB will surge to the $0.001 territory no earlier than 2040.

While these predictions reflect analysts' confidence in SHIB, it is crucial to note that there is no guarantee that the token will achieve the feat within the projected timelines.

In the past 24 hours, SHIB is down 2.24%, trading at $0.00001673 per token. The token has also witnessed a similar decline of 2.4% in the weekly charts.