Best ERC20 tokens to buy now with possible Ethereum ETF approval

Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), stated that approval of the Ethereum ETF (ETH) should take place this summer. In other words, sometime between the months of July and September, which excited cryptocurrency investors.

Although approval occurred at the end of May, the nine approved ETFs still need to have their S-1 forms approved before trading can begin. Therefore, investors will still have to wait to see the effect of the funds materialize on the ETH price.

Meanwhile, the cryptocurrency entered a strong correction zone, recording losses of 2.6% in the last 24 hours. But these falls open space for investors to acquire solid assets at lower prices. And this goes not just for ETH, but for ERC-20 tokens. See now what the three main promising options on the market are:

WienerAI

This is an ERC-20 token that brings one of the most interesting proposals of 2024: helping traders make their profits profitable and carry out more accurate operations. To achieve this, WienerAI has a trading robot that aims to offer the best buying and selling points in operations.

Furthermore, WienerAI is a dog memecoin, which makes it arouse the interest of traders looking for the “new PEPE”. But unlike its peers, WienerAI has real utility and can boost operating revenue by providing secure, quality data, in addition to not charging fees for operations.

Best of all, this network’s token (WAI) is in the pre-sale phase, a fact that tends to multiply profits when purchasing it. The mix of meemcoin and trading was a huge success and led to memecoin raising almost $6 million so far. And you certainly don’t want to miss out, so secure your tokens now.

Gala Games (GALA)

GALA is an ERC-20 utility token that powers the Gala Games ecosystem and reached an all-time high of US$0.82 in 2021. However, the market crash significantly affected its price, which is currently worth around US$0. 02 – more than 95% drop.

However, the Gala ecosystem has continued to grow with a recent revamp of its roadmap, which includes significant changes to advance this gaming ecosystem. Therefore, Gala Games has positioned itself as one of the most promising gaming platforms.

In February, the network launched GalaSwap on its layer 1 (L1) blockchain, GalaChain, enabling fast swaps between other tokens and Gala network tokens. This, coupled with the growing demand for web3 gaming, makes GALA a key ERC-20 token for anyone looking to invest in the GameFi sector.

ONDO

Ondo Finance is a network that works with one of the most promising segments of cryptocurrencies: Real World Assets (RWA). Its objective is to create a platform where managers and companies in the traditional market can tokenize assets and participate in this revolution.

To use this network you need to have ONDO, an ERC-20 token that powers the Flux Finance protocol and the Ondo DAO. Ondo Finance was born with the support of large companies in the finance sector, such as the giants BlackRock and PIMCO.

In this sense, Ondo’s objective is to make institutional-grade investment products available to the market. It also has a stablecoin, the US Dollar Yield (USDY), which is supported by the US Treasury and offers yields to its holders, an example of how tokenization can revolutionize finance.