If an XRP ETF is Approved: Which Cryptos Will Skyrocket and When is the Best Time to Buy?

Bittime - If an XRP ETF is approved, which cryptos will skyrocket and when is the best time to buy? Do you want to know which cryptocurrencies could skyrocket after the approval of the Ripple ETF? 

From Dogecoin to a new presale, here are 4 potential coin picks for big profits in 2024.

WisdomTree and Ripple (XRP) collaboration

Asset management giant WisdomTree has submitted an application for Ripple (XRP) listed investment trust on November 26. 

Market analysts predict that Ripple's ETF approval could increase value for both meme coins like Pepe Unchained and utility-focused cryptocurrencies like Solana (SOL).

Ripple's value soared more than 175% following Donald Trump's presidential election victory. 

Trump Plans to Eliminate Crypto Capital Gains Tax in US

Reports suggest that Trump plans to eliminate capital gains taxes on cryptocurrencies issued in the US, a move that could expand tax exemption benefits for Ripple as well.

Gary Gensler, US SEC Chairman Announces Resignation November 21

The cryptocurrency market received another boost on November 21 when SEC Chairman Gary Gensler announced his resignation. 

This news triggered substantial price increases for Ripple and Solana, two cryptocurrencies facing regulatory scrutiny from the SEC.

Successful Bitcoin and Ethereum Crypto ETFs in 2024

The cryptocurrency ETF landscape has evolved rapidly throughout 2024, from the approval of a Bitcoin (BTC) spot ETF in January to the authorization of an Ethereum (ETH) spot ETF in May. 

WisdomTree's latest application for a Ripple ETF shows continued momentum, with further developments expected to strengthen this trend.

Here are 4 Coins That Have the Potential to Skyrocket when the XRP ETF is Approved

1. Dogecoin (DOGE) Benefits from XRP ETF

Dogecoin is a cryptocurrency inspired by the Shiba Inu dog made famous in the internet meme "Doge." 

Over the past year, Dogecoin's value has surged by more than 500%, with its current price around $0.3961. 

One of the most impressive spikes occurred after the presidential election, where the price of Dogecoin jumped from around $0.19 to around $0.40 almost overnight.

As a prime example of a meme-based coin, Dogecoin is very sensitive to market mood and investor feelings. 

If the Ripple ETF is approved, it is expected that the price of Dogecoin will also experience a significant spike. 

Additionally, technical analysis suggests the possibility that Dogecoin may continue to rise in the near future.

Department of Government Efficiency or DOGE

Dogecoin is also famously favored by entrepreneur Elon Musk. Musk plans to engage with the Trump administration's Department of Government Efficiency, often referred to as DOGE. 

If Musk's influence is combined with Ripple's ETF approval, Dogecoin could see a substantial increase in value.

2. Solana (SOL) As a Strategic Complement to the Ripple Ecosystem

Solana excels as a blockchain platform that supports decentralized applications (DApps) and smart contracts. 

Solana Speed ​​and Solana ETF Plans

Ultra-fast transaction speeds address the scalability challenges that Bitcoin and Ethereum still face.

Solana hit a record peak of $257.7 on November 23, which coincided with the resignation of the SEC Chairman. 

The price is currently stable at around $236. 

In this bull market, Solana is showing tremendous strength and maintaining a premium valuation.

Like Ripple, Solana's architecture enables fast transactions. 

While Ripple targets international remittances and payment systems, Solana provides a strong foundation for decentralized finance (DeFi), non-fungible tokens (NFT), and blockchain gaming.

Solana's practical value and complementary position with Ripple indicate substantial growth potential following the approval of the Ripple ETF. 

Additionally, Solana is also actively pursuing ETF approval, a development that could push its market status and value higher.

Read too Will XRP ETF Be Available Soon? This is what the CEO of Ripple said!

3. Pepe Unchained (PEPU) Offers Combined Utility with the Meme Coin Sector

Pepe Unchained (PEPU) is an advanced version of “PEPE,” which is among the top three meme coins on the market. 

While dog-themed coins like Dogecoin lead the crypto landscape, Pepe Unchained is breaking new ground with its frog-inspired concept.

Pepe Unchained wants to fix the core issues affecting PEPE, such as slow transactions and high fees. 

Through Layer 2 blockchain technology, PEPU offers fast transaction speeds that surpass Ethereum's processing capabilities.

Despite starting as a meme coin, Pepe Unchained provides practical value similar to Ripple and Solana. 

Ripple and Solana ETFs Both Benefit PEPU?

This dual identity suggests that ETF approval for Ripple and Solana could substantially increase the price of PEPU. 

The combination of its meme appeal and technical superiority created a strong market response, making it an attractive meme coin.

Pepe Unchained also offers lucrative staking rewards. 

Layer 2 transactions are proven to be faster and more economical than Layer 1, allowing for more efficient operations. 

This reduction in fees allows investors to shift their transaction costs towards earnings. PEPU holders can access passive income through this staking incentive.

PEPU Presales Have Already Raised Over $50 Million

The project is currently running an active presale phase offering tokens at a discount. 

The presale is nearing its end and has raised over $57 million.

Each PEPU token is selling for $0.01295, and the presale will end on December 13. 

This final window could be a prime opportunity for early investors to acquire PEPU at a favorable price ahead of potential market expansion.

Read too SEC Delays Approval of Solana ETF: What Are the Implications?

4. Flockers (FLOCK) Flockerz Can Benefit from Increased Market Confidence Generated by XRP ETF Applications

The meme coin market looks very different now than it has in years past, as coins seek to add real utility to mainstream acceptance. 

Flockerz ($FLOCK) finds the perfect balance between meme fun and the need for utility.

Options for pure meme coin investors have been dwindling recently, but Flockerz is here to fill this void. 

Initial Inspiration for the Flock Coin Story

Their story revolves around King Birb, who once led his zealous band until a chance encounter with his followers sparked an idea: a vote-to-earn empire. 

This concept is realized through Flocktopia, a revolutionary DAO that gives real power to investors while rewarding them for their participation.

Annual staking rewards of 635% show how Flockerz combines the excitement of classic meme coins with modern financial rewards. 

Presale numbers prove its appeal, with more than $3.6 million raised so far.

The timing looks very promising considering the pending Ripple ETF decision. A green light for a Ripple ETF could increase confidence across the crypto market and direct new attention to innovative projects. 

As institutional money flows into approved crypto products, Flockerz is poised to attract renewed interest from investors looking for entertainment and substance in their portfolios.

Read too 11 Best Memecoins on the Ethereum Network, Investors Must Know!

Closing remarks

The next wave of crypto growth relies on institutional adoption via ETFs. 

WisdomTree's Ripple ETF application shows how traditional finance now sees value in assets beyond Bitcoin and Ethereum. This opens the door to:

- Utility tokens like Solana that solve real technical problems

- A meme coin with real functionality (L2 Pepe Unchained solution)

- Community managed project (Flockerz DAO structure)

For investors, the key opportunity lies in identifying projects that combine real utility with strong community support—exactly what helped drive XRP's 175% surge.

The current presale window for Pepe Unchained ($0.01295) and Flockerz offers an entry point before these assets react to broader market developments. 

Regulatory clarity from the SEC transition and potential tax reform under Trump could accelerate this trend further.

FAQs about XRP ETFs

XRP on What Network?

XRP operates on the RippleNet network, which is a decentralized payments platform designed to facilitate cross-border transactions quickly and efficiently. 

RippleNet uses blockchain technology to enable instant transfer of value around the world.

Who Owns XRP?

XRP is a cryptocurrency developed by Ripple Labs Inc., a technology company focused on payment and money transfer solutions. 

Although XRP is a separate digital asset, Ripple Labs owns the majority of the existing XRP supply.

Can XRP be mined?

No, XRP cannot be mined. In contrast to many other cryptocurrencies such as Bitcoin, which use a mining process to generate new coins, all XRP is created at launch. 

Currently, XRP can only be purchased or traded on cryptocurrency exchanges.

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Reference

Jack R. Mitchell, 4 Digital Assets Poised for Explosive Growth After Ripple (XRP) ETF Approval, Accessed December 2, 2024

Author: IN