- Analyst believes Polkadot (DOT) will be the next likely altcoin ETF.
- Many mark SOL or XRP to be next but DOT is also a strong contestant.
- Analyst explains why DOT is the next likely option for an altcoin ETF.
Amidst the ETH ETF frenzy, the crypto community awaits a massive price spike for ETH and ETH-based ETFs. Another expectation from the sector is what altcoin will follow after BTC and ETH Spot ETFs?
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According to one analyst, Polkadot (DOT) ETFs is the most likely option for the next altcoin ETF listing. This analyst highlights how most people expect the next altcoin ETF to be DOT or XRP. He then goes on to explain why DOT is more likely to be next in line.
He begins by hinting that Polkadot (DOT) is a sleeping giant and carries a lot of dormant value. It’s time to start paying attention to DOT price movements and see what the asset will accomplish next.
To highlight, the analyst draws light to how a US billionaire has disclosed his intention to launch a decentralized version of TikTok on the Polkadot blockchain. In detail, this visionary aims to use Polkadot’s parachain technology to deliver.
He also hightlights how despite SEC pressure, Polkadot (DOT) is not under the radar of the SEC. In fact, the SEC has not gone after DOT the way it has with other altcoins pointing out to the unlikelihood of DOT facing legal hurdles.
Following this the analyst mentions institutional interest in DOT as an asset. He mentions Grayscale including DOT in its Digital Large Cap Fund. Ultimately, he believes there’s a lot happening behind the cameras and DOT is showing some serious bullish potential.
Meanwhile, others believe XRP, SOL, and possibly even Dogecoin (DOGE) will be announced as the next altcoin to get an ETF. DOT price currently stands at $7.28 according to CoinMarketCap with its previous ATH waiting to be beaten at $55.
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