James Seyyfart and Eric Bachunas Released Their Finding On Their Take On Which Coins Will Get An SEC Approval

Crypto prices have been crashing for about a week. As a result, people remained on edge, especially newer crypto enthusiasts who were going through something like this for the first time. However, there is some positive traction in the market. Prices of some coins like XRP, Solana, DOGE, and LTC show positive results. What could this mean for the market as a whole? 

Crypto analysts Eric Balchunas and James Seyyfart released their take on the market and ETF approval odds. The data shows that the aforementioned coins are showing good traction, and one might even suggest that the prices are safely hovering in the green. The leading name of the pack is LTC, which is showing a 12% hike after the rumors of a sure-shot chance of an SEC approval. In other words, LTC is currently leading the SEC approval process. 

Analyst’s Take On SEC Approval 

James and Eric researched and ranked the coins likely to be approved by the SEC. According to the duo, a combined ETF for BTC and ETH will be the first to be approved. Subsequently, LTC will get approval, as it is created in the vein of the BTC. However, the list does not end there.  

The next ETF that the SEC might approve could be Hedera. This is a promising enterprise-focused blockchain as it offers high ROI for a low fee. The best part about the coin is its loyal following and solid foundation. The coin is based on Web3Bay, which is focused on bringing blockchain to everyday users. Therefore, this aligns well with the SEC’s objective, making the token highly likely to receive SEC approval.  

All in all, Trump’s all-new crypto-friendly stance can bring some positive changes to the market and usher in a new chapter. Read more for crypto news.