Crypto pundit Ben Armstrong has recently spotlighted five cryptocurrencies he believes are worth considering for investment in the growing bull market. Armstrong got inspiration from a list curated by the crypto YouTube channel Altcoin Daily.
Topping the list of recommended tokens was Ethereum (ETH), Bitcoin’s primary contender. ETH made the listing amid projections from Standard Chartered analysts who have forecasted Ethereum’s peak for this cycle to be $14,000. Notably, Standard Chartered analysts considered the likelihood of an ETH-based spot ETF approval by next month.
However, recent developments have sparked arguments about the SEC’s unlikely approval of the ETH ETF by May. This involves the SEC potentially classifying Ethereum as a security.
Meanwhile, the Altcoin Daily presenter emphasized that such developments would only have temporary impacts. Armstrong agrees with this perspective, noting that Ethereum represents a good buy regardless. At press time, ETH trades at $3,556.79, with 3.8% gains.
The second token the Altcoin Daily analyst mentioned was Chainlink (LINK), particularly given the project’s recent recognition as one of the most innov…
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