ByBit has recovered $1.5 billion in Ethereum (ETH) following a significant security breach. Hackers conducted unauthorized withdrawals of extensive ETH funds from the digital wallet. ByBit quickly responded to the incident reducing market volatility due to the hack. The crypto exchange promptly restored stability to trading operations after market fluctuations. This recovery has shifted investors’ focus to promising Ethereum coins priced under $1 that could 30X as ByBit achieves 1:1 parity with their ETH reserves. Here are 3 ETH tokens that trade under $1 but have emerged as top contenders with the potential for substantial rallies.
Ethereum Tokens Under $1 That Could 30X Ahead of Bybit’s $1.5B ETH Parity
The investor funds are safe again as ByBit CEO Ben Zhou announced today that it has managed to achieve 1:1 parity of their Ethereum (ETH) holdings after the fateful $1.5B ETH hack. The assurance of the crypto exchange’s reserves is likely to kickstart a rally among Ethereum coins. Let’s explore 3 ETH tokens that could 30X.
Shiba Inu (SHIB)
Shiba Inu (SHIB), built on the Ethereum network, has shown significant progress in the decentralized finance space.
The meme coin has shown a 15% price rise throughout the previous 12 months maintaining a market value at $0.00001468. Shiba coins resisted the market downturn that led to a 6% decrease in value after the broader cryptocurrency market experienced a correction period.
Ethereum tokens under $1, including SHIB, are drawing investor attention, especially after ByBit’s recovery of $1.5 billion in ETH.
Whale transactions have intensified, adding to market volatility. If bullish sentiment returns and Bitcoin price surpasses $100k key levels, SHIB could potentially rise to $0.00002.
Pepe (PEPE)
Pepe (PEPE), an emerging digital token on the Ethereum network, is gaining traction among meme cryptocurrencies. Over the past 12 months, its price surged by 600%. Currently, the PEPE price trades at $0.000008911, positioning itself as a notable contender in the market.
Crypto experts report that the Pepe price could experience a significant price increase soon. The short-term target is set at a potential 15x surge. Key rejection levels include $0.000043, $0.000071, and $0.0001451.
Arbitrum (ARB)
Arbitrum (ARB), a prominent Layer 2 scaling solution for ETH tokens has seen growth recently.These enhancements increase throughput and also lower user fees. Recently, the Arbitrum token experienced a 3% growth in its market value, now priced at $0.4495 ETH Coins Under $1. That Could be 30X as ByBit Recoups $1.5B ETH
Arbitrum’s total value locked (TVL) has reached $2.85 billion. This figure highlights strong user engagement within the Arbitrum ecosystem. The growing TVL indicates increased investor confidence and continued adoption of the platform.
Conclusion
ByBit restored $1.5 billion in Ethereum value to the market which brought stability to investors and reduced market anxieties. Under-$1 coins now offer growth potential after the market stabilizes because investors show better sentiment toward ByBit following its swift recovery measure after the hack.
The post Ethereum Tokens Under $1 That Could 30X as ByBit Recoups $1.5B ETH appeared first on CoinGape.
