Ethereum ETF News Pushes Crypto Prices Up – Best ERC20 Tokens To Buy Now

The crypto market was hit with positive Ethereum ETF news at the start of this week, which helped boost the prices of most altcoins. Bloomberg analysts increased the chances of Ethereum ETF acceptance from 25% to 75% yesterday, providing a boost to the entire crypto ecosystem.
Ethereum itself produced the best single-day performance of this bull run, with the ETH price surging 17%. However, ERC20 tokens, which are built on the Ethereum blockchain, are stealing the spotlight today.
Will Ethereum ETF get approved? Chances Are Higher Now
On Monday, May 20th, Bloomberg ETF analyst Eric Balchunas posted on X (formerly Twitter), raising his chances of a spot ETF approval from 25% to 75%. This post now has over 4.4 million views, causing a ripple effect throughout the market.

Update: @JSeyff and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they’d be denied). See… https://t.co/gcxgYHz3om
— Eric Balchunas (@EricBalchunas) May 20, 2024

Ethereum’s price pumped from around the $3000 area to close to $3700 following this news. Some ERC20 tokens that are part of the Ethereum ecosystem also performed well, with Lido DAO (LDO) price pumping over 30%, and Uniswap’s coins, being the biggest DEX on Ethereum, also pumping over 20%.
Arbitrum (ARB) price reacted well with a 17% pump, while Ethena (ENA) price also pumped 16%. At press time, when looking at the biggest gainers from the top 100 coins in the last 24 hours, 6 out of the first 7 gainers are ERC20 tokens, with only BONK there as a Solana meme coin. The hottest ERC20 meme coin PEPE also pumped 20%.
Source: CoinMarketCap/Top Gainers
So, this leaves investors thinking – what are the best ERC20 tokens to invest in right now? With the ETF ETH buzz, this has become a hot topic.
Best ERC-20 Tokens to Invest in Now
One of the most popular crypto YouTube channels out there, 99Bitcoins, which has over 700k subscribers, highlighted the best crypto to buy now in their latest video. In fact, 2 altcoins they mentioned are ERC-20 tokens.

The first one is Dogeverse, and they mentioned that in about 10 days, we should see Dogeverse go live following a successful crypto presale. It’s one of the hottest meme coins out there right now, with about 20K followers on X and getting lots of likes, retweets, and impressions. The community and culture are strong, and it has a maximum supply of 200 billion tokens. One Dogeverse token is 0.0031, and it is available on six different chains. This coin raised over $15 million in the presale.
The second ERC-20 token is WienerAI. It is about to hit the next stage of the presale at 0.0078, having raised 2.3 million of their 2.37 million target. If you like artificial intelligence and meme coins, this could be a high-risk, high-reward play. It has a total supply of 69 billion tokens and is getting a lot of coverage. Their X page has 9.5K followers, and it could be a recipe for a big pump soon.
Ethereum ETF Approval Could be a Game-Changer
The potential approval of an Ethereum ETF could be another game-changer for the crypto industry. While Bitcoin ETFs were approved in January of this year, paving the way for institutional investment in the leading cryptocurrency, an ETH ETF would open up new avenues for investment in the second-largest cryptocurrency and its ecosystem.
This is why ERC-20 tokens that are build on Ethereum, such as Dogeverse and WienerAI, could be the next cryptos to watch as we experience another leg up in this bull cycle.
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Leaks seem to confirm Hellblade 3 is already greenlit and ready to go into development

Senua’s Saga: Hellblade 2 launches today and before the world has even played the latest installment of one of the best games of the last decade it seems as though her adventures are already set to continue into a part three.
With that massive spoiler that she doesn’t die out of the way, the news that the game will reach a trilogy is great for Xbox fans who currently have the exclusive to shout about, although, with recent developments, it is hard to see that a third game from Ninja Theory would not appear on the PlayStation as well.
Windows Central’s Jez Corden posted on X:
“ICYMI: Ninja Theory offers fans a message on the eve of Hellblade 2’s launch.
Oh, and no, it’s not a “goodbye” message like some are spinning. According to sources familiar, their next game has already been greenlit.”
This followed a message from Ninja Theory’s studio head Dom Matthews who earlier posted:
“Hi everyone, as we sit on the eve of the release of Senua’s Saga: Hellblade II I wanted to thank you, our fans, on behalf of everyone here at Ninja Theory. We see you and we hear you when you give us such love and support. When you tell us how much Senua means to you. When you tell us how much you are looking forward to the game and how much faith you have in us to continue Senua’s story in a way that does justice to the connection so many of you have to her and to Hellblade.”

A message from Studio Head Dom Matthews ahead of our launch tomorrow. pic.twitter.com/IH98qP9evv
— Ninja Theory (@NinjaTheory) May 20, 2024

Some internet mischief makers were quick to suggest that the note sounded like a goodbye and Microsoft was about to wield its “small studio” layoff hammer once more but Corden and WC confirmed that game three had already been signed off.
Senua is an important character in many games as she suffers from severe mental health conditions and many gamers relate to her struggles – all of which helped to make the first game a triumph, and thankfully why the long wait for the sequel is nearly over for many fans.
To find out when you can play Senua’s Saga: Hellblade 2 in your region, see our handy page.
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Ether extends its rally following 20% surge on renewed ether ETF optimism

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