As Ethereum (ETH) Nears the $3,000 Mark, Its Ripple Effect Is Likely to Boost Coins Within Its Ecosystem

As Ethereum (ETH) edges closer to the $3,000 mark, its ripple effect is likely to boost coins within its ecosystem, including Shiba Inu (SHIB), Toncoin (TON), and Pepe (PEPE).

As Ethereum (ETH) edges closer to the $3,000 mark, its ripple effect is likely to boost coins within its ecosystem, including Shiba Inu (SHIB), Toncoin (TON), and Pepe (PEPE).

As the pendulum swings in Ethereum (ETH)’s favour, the related projects are smartly positioned to reap the benefits – and possibly even outperform the cryptocurrency itself.

Anyone looking to ride the wave of the crypto market’s potential surge would be wise to take a closer look and examine both ETH- and non-ETH-based coins that seem ready to skyrocket.

Here’s a quick rundown of five coins that could soar as Ethereum (ETH) eyes $3,000:

1. Ethereum (ETH): Eyes on $3,000 as Staking Activity Surges

Ethereum (ETH) is available between $2,523.26 and $2,707.82, indicating a consolidation phase that might lead to a breakout. The network is seeing boosted staking activity and lower gas fees, which is boosting overall confidence.

The 10-day moving average at $2,581.2 suggests strong momentum. With an RSI of 34.9, ETH is approaching oversold levels, hinting at a potential rebound. If ETH can surpass the $2,707.82 resistance, it could rally towards $4,000. Positive market sentiment and technical indicators suggest that Ethereum is positioned for a significant move upward, making it a key asset to watch.

2. Minotaurus (MTAUR): Crypto Project of Tomorrow

As Ethereum (ETH) price edges closer to the $3,000 mark, astute market participants are shifting their focus towards undervalued market segments, such as gaming.

One project that immediately stands out is Minotaurus (MTAUR), which offers a refreshing take on the hyper-casual gaming genre with its engaging maze-running gameplay. Players embody the minotaur, navigating an endless maze in this captivating game.

At the moment, 74% of tokens are on offer during the presale phase.

Why Choose Minotaurus (MTAUR)?

Shiba Inu (SHIB) has recently turned up its burn rate, removing over 38 billion SHIB tokens from circulation, raising questions about its price potential.

Currently available between $0.0000133 and $0.00001444, Shiba Inu (SHIB) price action is subdued but bolstered by bullish sentiment from these burns.

With an RSI of 36.34, nearing oversold levels, and a 10-day moving average at $0.00001372, Shiba Inu (SHIB) is at a pivotal point. If it can surpass the resistance at $0.00001973, a rise towards its all-time high of $0.00008616 may be achievable, making the coin’s aggressive burn a potential catalyst for significant upside.

4. Toncoin (TON): Liquidity Surge Following Binance Listing

Toncoin (TON) is experiencing a resurgence, available between $6.08 and $6.67 following its recent Binance listing.

With high liquidity and a 10-day moving average of $6.015, Toncoin (TON) is showing a stable upward trend, while an RSI of 43.787 suggests room for growth. Breaking through the $7.828 resistance is key for Toncoin (TON) to continue rising. If successful, Toncoin (TON) could aim for its previous all-time high of $8.25 and potentially climb higher. The Binance listing has sparked renewed confidence, positioning Toncoin for a potential surge in value.

5. Pepe (PEPE): Can the Meme Coin Make a Comeback?

Pepe (PEPE) is trading between $0.000007681 and $0.000008753, reflecting its volatile nature as a new meme coin. The 10-day moving average at $0.000008014 indicates some stability, and with an RSI of 38.49, Pepe (PEPE) is approaching oversold territory, suggesting a potential rebound.

To gain momentum, Pepe (PEPE) needs to break the resistance at $0.000013589, which could push it towards its historical peak of $0.00001717. Despite the inherent volatility in the meme coin market, current conditions might set up Pepe (PEPE) for a possible resurgence if market sentiment shifts positively.

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