Ethereum Surges to New Heights: Is Now the Time to Invest in Altcoins?

Ethereum reached a major milestone on Friday, hitting $3,000, a peak not seen since February. The cryptocurrency surged by 6.8% today and 18% over the week, driven by favorable market conditions and a growing interest from institutional investors.

The Ripple Effect on Altcoins

As the most important altcoin by market cap, Ethereum often sets the pace for the broader altcoin market. Its recent rise suggests that investors are feeling more adventurous, paving the way in which for smaller altcoins to realize momentum.

Interestingly, these lesser-known altcoins can sometimes outshine Ethereum’s growth, as their lower liquidity makes price increases easier to attain.

So, which altcoins must you be eyeing at once? Let’s dive into the Ethereum surge and 4 cryptocurrencies which may emerge as big winners on this bullish wave.

Ethereum’s Institutional Interest Skyrockets

According to Tom Lee from Fundstrat, Ethereum is seeing a shift from retail to institutional ownership. Lee highlighted on CNBC that Ethereum is becoming a coveted asset on Wall Street.

“Wall Street’s interest in Ethereum is growing—30% of its activity involves stablecoins,” he noted.

Supporting this trend is BlackRock’s ETHA ETF, which has seen over $800 million in trading volume day by day for the last two days. ETF expert Eric Balchunas predicts “significant flows” are likely within the near future.

While Bitcoin’s growth is stirring up the market, it’s clear that institutional enthusiasm is giving Ethereum an additional push.

Ethereum’s 8% jump today outpaced Bitcoin, XRP, BNB, and Solana. However, many smaller altcoins have delivered even higher returns. According to CoinMarketCap, 44 of the highest 100 cryptocurrencies surpassed Ether today, highlighting the potential for greater gains in under-the-radar altcoins during bullish times.

With that said, let’s explore 4 altcoins that might see significant growth as Ethereum continues its upward trajectory:

Best Wallet Token: Innovation at Your Fingertips

The increasing demand for Ethereum from institutional players underscores the rapid evolution of the crypto world. Best Wallet Token exemplifies this innovation. It’s a brand new multi-chain crypto wallet boasting cutting-edge features and top-notch security.

Supporting over 50 blockchains, including Bitcoin, Ethereum, Solana, XRP, and Cardano, it offers a seamless experience without the trouble of juggling multiple apps.

Beyond being only a wallet, it features a cross-chain DEX, a crypto debit card, a presale launchpad, a futures trading platform, a staking aggregator, an NFT gallery, and more.

This comprehensive approach positions Best Wallet to draw significant adoption this yr, potentially driving up demand for $BEST. Currently in its presale phase, it has already raised $13.8 million, marking it as one in every of the most important ICOs available.

With its promising early-stage development and versatile use case, $BEST seems poised for explosive growth once it hits exchanges. Visit Best Wallet Token.

Snorter: The Meme Coin Whisperer

Ethereum’s recent rise reflects a growing appetite for risk amongst investors, and meme coins often thrive in such environments. Today, Neiro is up 84%, MemeCore by 59%, and Unicorn Fart Dust by 40%.

Enter Snorter, a brand new multi-chain trading bot that helps users spot promising meme coins and snatch them up faster than ever. Built on the Solana network, it would also support Ethereum, Base, BSC, and Polygon.

Offering market-beating fees of just 0.85% in comparison with the standard 1%-2% charged by other bots, Snorter also features copy trading, automated token sniping, and rug pull detection.

With its private RPC infrastructure, Snorter safeguards against MEV attacks and avoids the same old congestion of decentralized exchanges.

Currently in its presale phase, Snorter has raised $1.7 million, indicating potential strong gains for $SNORT once it lists openly. Visit Snorter.

Sei: Speed Meets Innovation

Sei, a Cosmos-based layer 1 blockchain, is all about speed, boasting ultra-low latency throughput with transaction finality in lower than 400 ms. This makes it perfect for high-volume applications like gaming, DeFi, and AI.

Recently, Sei gained traction when the US state of Wyoming shortlisted it alongside Aptos for its stablecoin pilot.

With strong institutional backing, including Circle, the issuer of USDC, holding Sei as a major crypto position, it’s gaining credibility.

Despite these strengths, Sei’s market cap is $1.8 billion—much smaller than leading coins like Solana, BNB, or Tron. Even in comparison with smaller coins like Hyperliquid and Hedera, it’s undervalued.

However, Sei has surged 25% today, making it the most important gainer among the many top 100 cryptos. This momentum suggests it might be a top altcoin to contemplate.

Story: Tackling IP Infringements in AI

Story is a layer 1 blockchain dedicated to addressing mental property (IP) issues in generative AI.

AI systems trained on proprietary data can inadvertently create IP infringements. Story’s infrastructure connects creators and AI developers, enabling developers to purchase IP rights on-chain, ensuring ownership and facilitating seamless transactions and other functionalities.

These include automated royalties via smart contracts and collaborative derivative creation, which could be difficult to attain without blockchain technology.

According to Story’s website, the IP market is valued at $85 trillion, and the project goals to show IP into programmable assets.

Today, Story is among the many top-performing cryptos with a 21% gain, signaling strong momentum and potential for further price growth.

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