Happy days are here again for Ethereum ($ETH) and its investors as the world’s second-largest cryptocurrency broke the $4,600 mark. This brings $ETH to a level unseen since late 2021.
Institutional investors and Ethereum ETFs have primarily driven the rally that began earlier this month.
This bullish sentiment will also have a positive impact on the wider market and top ERC-20 tokens like Bitcoin Hyper ($HYPER) and Snorter Token ($SNORT) as traders seek to diversify their investments.
Ethereum ETFs, Institutional Investments Drive $ETH Surge
Growing appetite for $ETH has driven its price since the beginning of August, resulting in a record number of inflows on Monday of over $1B, based on data from SoSo Value.
BlackRock has been one of the biggest winners so far, after its iShares Ethereum Trust ETF reportedly accounted for $640M of these inflows.
But investors aren’t done buying $ETH just yet. On Monday, SharpLink Gaming announced a raise of $400M to growing its $ETH holdings to over $3B.
Meanwhile, BitMine Immersion also expanded its Ethereum stash in a single week from 833,137 to its current holdings of over 1,150,263. This further extends the company’s lead as the biggest owner of $ETH and the third-biggest in DAT (total value of digital assets held).
This flurry of activity has resulted in a 27.36% increase in Ethereum’s value in just seven days. It’s also been up by 6.93% in the last 24 hours, and is currently trading at $4,623.
As Ethereum returns to its late 2021 levels, we can already expect traders to look for other investments to put their money in.
ERC-20 tokens are potential winners too, especially Ethereum crypto presales. They’re typically very cheap and offer a huge growth potential, making them extremely attractive to investors. Here are three worth considering:
1. Bitcoin Hyper ($HYPER) – Helping Unlock the Bitcoin Ecosystem’s Potential
There’s no denying that Bitcoin remains king, as it continues to attract institutional investors like Strategy, which now holds 628,946 Bitcoins, valued at $75B.
But Bitcoin is falling behind in terms of scalability and potential. No dApps, smart contracts, and very low DeFi scalability. That’s where Bitcoin Hyper ($HYPER) comes in.
You’re looking at a future Bitcoin Layer 2, which will improve transaction speed and lower the fees, while also expanding the crypto’s utility according to modern demands.
The key to this is the Canonical Bridge that will let you send $BTC from Layer 1 to Layer 2 as wrapped $BTC. The latter is a high-speed environment powered by the Solana Virtual Machine (SVM), which enables fast transactions and low fees while keeping Bitcoin’s robust security intact.
You only need to deposit $BTC to get started. The system will verify and mint wrapped $BTC on the Layer 2. This will allow you to use this wrapped $BTC for staking, trading, and interacting with dApps—things that aren’t possible with Bitcoin.
Here’s a comprehensive guide on Bitcoin Hyper if you want to learn more about it.
To support the project, you can join the Bitcoin Hyper presale and buy tokens for $0.012675 each. You can also stake your tokens, if you prefer, and earn rewards at a rate of 120% p.a. Our Bitcoin Hyper buying guide has all the details you need to get your hands on $HYPER.
Our Bitcoin Hyper price prediction estimates a $0.15-$0.32 price range for the end of 2025, which would mean a 1,090%-2,430% potential growth if you invest now.
Buy Bitcoin Hyper tokens today to join an upcoming revolution in Bitcoin programmability and scalability.
2. Snorter Token ($SNORT) – Simplifying the Search for the Next Big Tokens
As demand for cryptocurrencies grows, it becomes more difficult to find high-quality ones. This is the case when you’re looking for the best meme coins. It’s like playing Russian roulette sometimes, as some could be scams that could cost you your hard-earned money.
This is where Snorter Token ($SNORT) comes in.
The project wants to develop Snorter Bot, a Telegram-native bot that will make it easy for you to sniff out (trade) promising tokens while protecting you from potential scams.
With just a few clicks, you’ll be able to snipe, trade tokens, manage your portfolio, and more. The bot also comes with a honeypot and rugpull detection feature that will help keep scammers and hackers at bay.
Holding its native $SNORT token opens up even more perks when Snorter Bot launches, such as low transaction fees and governance rights. Of course, you’ll also be able to use it to pay for gas fees.
$SNORT is currently available for only $0.1011 via the Snorter Token presale page. The staking rewards are very generous too at 143% p.a. Alternatively, you can consider HODLing as the token could reach as much as $3.25 by 2030 based on our Snorter Token price prediction.
Whether you want to HODL, trade, or stake $SNORT, now’s your chance to take part in one of this year’s best presales.
Join the Snorter Token presale today.
3. Shiba Inu ($SHIB) – Digging Its Way Back to Its Meme Coin Glory
Like $DOGE that it’s trying to parody, Shiba Inu ($SHIB) started out as a joke back in 2021.
But now it’s so much more than that. It’s a payment method not just in crypto payment platforms but also in retailers, restaurants, and digital wallets.
The coin had its peak back in late 2021, reaching a price of around $0.000088, based on TradingView data. While it’s mostly hovered around $0.000012-$0.000015 this year, $SHIB has been quite hot lately as it grew by a considerable 12.53% in the last seven days.
While some traders might argue that the coin’s glory days are behind it, there are still many who remain bullish about $SHIB. With a market capitalization of over $8B and over 1.5M wallets holding it, it’s not the type of meme coin that will go away soon.
Unlike the two previous ERC-20 coins we covered, $SHIB is widely available in major exchanges. Its low price, high liquidity, and wide availability can help you practice your trading without burning a hole in your wallet.
No End in Sight Yet for Ethereum’s Growth
As Ethereum broke past $4,500, it’s safe to say that its rally isn’t over yet. Like Bitcoin’s surge in July, we expect institutional investors to push $ETH’s price to greater heights, with a potential to return to its $4,800 ATH set in 2021.
ERC-20 tokens like Bitcoin Hyper ($HYPER) and Snorter Token ($SNORT) will be in other investors’ sights too if the trend continues. That’s because these investors will be looking at other promising coins to put their money in, in the hopes of growing their gains further.
Disclaimer: Do your own research before you invest. This is not investment advice.
