The highly anticipated decision on the spot Ethereum ETF has been made. The SEC has given the green light to the spot ETH ETF, clearing a major uncertainty in the market. This announcement follows the approval of the spot Bitcoin ETF on January 10. The market’s reaction to this news has been swift. Here are the top-performing cryptocurrencies in the last hour.
How Has Ethereum’s Price Reacted?
Following the spot Ethereum ETF announcement, all eyes turned to Ethereum’s price. Just before the approval, ETH briefly touched $3,500 but quickly bounced back. The price has since stabilized above $3,800.
Meanwhile, investors are also closely monitoring altcoins. According to Coinmarketcap, the top-performing cryptocurrency in the last hour was MINA, which saw a 2.77% increase.
What Are the Latest Gains for ONDO Coin?
ONDO has been frequently mentioned recently, particularly with the rise of RWA tokens. Following the ETF approval, ONDO, along with MINA, emerged as one of the top gainers. The altcoin’s price soared to $1.02 after a 2.77% rise in the last hour.
ONDO’s 24-hour rise reached 7.66%, and it experienced a 20.39% increase over the past week, making it one of the strongest-performing cryptocurrencies during this period. The market cap for ONDO exceeded $1.4 billion, and its 24-hour trading volume surpassed $310 million.
JasmyCoin Price Outlook
In the third position on the list is JASMY, trading at $0.02085 after a 2.46% price movement in the last hour. Unlike its peers, JASMY saw a 1.38% decline over the last 24 hours.
However, JASMY’s 5% rise over the past week indicates that investors have generally been satisfied. The market cap for JASMY surpassed $1 billion this week, and its 24-hour trading volume reached $114 million, ranking it 84th on the CMC list.
Key Insights
Investors should consider the following:
- Ethereum prices have stabilized above $3,800 post-ETF approval.
- MINA and ONDO are the top gainers, showing significant short-term increases.
- Despite a recent dip, JASMY exhibited a strong weekly performance.
These insights can help investors make informed decisions in the dynamic cryptocurrency market.