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Ethereum network in the limelight for ETH ETF outcome

source-logo  cryptonewsz.com 23 May 2024 13:05, UTC

According to Santiment, a crypto body, the Ethereum space is being observed very closely, with market observers speculating on the outcome of ETH ETF. A lot seems to be depending on it. In the meantime, Santiment has created a list of prime ERC-20 coins that are witnessing an increase in development, with the concentration remaining on the decision the SEC took.

Santiment mentions the coin $LINK, the conventional token belonging to Chainlink, which currently holds the highest position. Chainlink is a base for technology and crypto and provides communicative solutions to blockchain-oriented business houses in terms of outside data.

Further, the ERC-20 coin $SNT, belonging to Status, holds the second position. Status is a decentralized and open-source crypto interactive application that includes a browser, a messenger, and the community at large. Over a month now, $ETH, Ethereum’s local token, has managed to attain the third position.

Over and above that, and according to Santiment, $MANA stands in fourth place on its list. $MANA plays the role of a conventional coin about Decenterland, an online space that helps and supports builders. It then places $AUDIO in the fifth position, being an ERC-20 token used by Audius, which is a base providing solutions regarding the streaming of music, as well as ownership and monetary control.

Added to all of that, Santiment brought in $SUSD, a prime crypto asset undergoing immense development work. It is a stablecoin backed by crypto assets. Following that is $SNX, one more token belonging to Synthetix.

Holo, known as a space for arranging disbursed cloud solutions for peer-to-peer applications, has undergone excessive development work for about $HOT. After that comes the conventional coin belonging to AP13, holding on to ninth place on the list.

Last of all, and in tenth place, stands the $GRT coin, which belongs to the Graph protocol.

cryptonewsz.com