bitcoinist

Altcoin Season Close as Ethereum Surges 30% in a Week: Top Altcoins to Buy

Altcoin Season Close as Ethereum Surges 30% in a Week: Top Altcoins to Buy

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum ($ETH) is nearly back at its all-time high (ATH) of $4,868.80, recorded in November 2021. With its price now hovering between $4.7K and $4.8K, investor excitement is building.

Altcoin season appears to finally be around the corner. And that makes now the best time to buy the top altcoins, including newcomers like Snorter Token ($SNORT) and Best Token ($BEST).

Ethereum’s ETF-Driven Rally & Treasury Demand

Over the past three days, spot Ethereum ETFs attracted a staggering $2.3B in US inflows, equating to roughly 500K $ETH. That’s more than the 450K $ETH issued by the network since the Merge in September 2022.

An incredible $1.03B of that inflow came on Monday, August 11, as traders roared back after the weekend. Even apart from red-letter days like that one, $ETH ETF inflows have been on a nearly-uninterrupted hot streak recently.

Ethereum ETF inflows.
Source: CoinGlass

BlackRock’s iShares Ethereum Trust snagged $500M+ of that $1.03B inflow by itself.

Standard Chartered highlights that ETFs now account for about 3.8% of ETH’s circulating supply, while treasury firms have accumulated 2.3M $ETH (1.9% of total supply) since June, and may eventually hold up to 10%.

That’s roughly on-par with the amount of $ETH held in treasury companies, per Standard Chartered.

Ethereum ETF treasuries.
Source: Standard Charter research

Unsurprisingly, given the above stats, Standard Chartered upped its year-end price prediction for Ethereum. The company now expects $ETH to hit $7.5K, up from its original prediction of $4K.

The ETF surge and accompanying price prediction increase reinforces bullish investor sentiment. It also highlights an ongoing supply-demand crunch.

There’s far more $ETH flowing out of exchanges than there is coming in, creating a compelling supply-demand dynamic.

On-Chain Supply Pressure & Price Momentum

It’s not so much limited supply but booming demand that’s creating prime conditions for $ETH to make big moves.

Ethereum is facing shrinking sell-side pressure: over the past month, exchanges have seen average withdrawals of 40K ETH per day – a negative netflow.

On the institutional level, that’s Ethereum heading into crypto treasuries or ETFs; on the retail end, it points to investors likely HODLing, staking, or sinking $ETH into DeFi activity.

On that side, Ethereum’s total volume locked (TVL) in DeFi just passed $96.9B – within range of the peaks of 2021, when TVL sat north of $100B.

Ethereum TVL
Source: DeFiLlama

Key Price Points & Future Predictions

$ETH decisively reclaimed key resistances at $4K and $4.5K, and is now challenging the $4.8K ATH.

A breakout beyond this level could trigger a move toward $5K, while a short pullback may consolidate at the $4K support zone.

Ethereum price performance.
Source: CoinMarketCap

The economic laws of supply and demand are hard to beat, leaving Ethereum in a prime position to continue its strong performance. Analysts are taking note:

  • VanEck acknowledges the connection between Ethereum and growing crypto sectors, like tokenization and stablecoins (accounting for 62% of all stablecoin value transfer in 2025). It adds that Ethereum could ‘still emerge as a better store of value than Bitcoin.’
  • Tom Lee of Fundstrat highlights the immense growth potential still available with Ethereum, noting that it is still ‘undersold’ from an institutional point of view. Some 48% of investor portfolios contain exposure to gold – only 9% to crypto.

It’s no surprise that while Standard Chartered thinks Ethereum will hit $7K, Fundstrat forecasts $10K to $15K in a far more ambitious prediction. And Standard Chartered shares the same long-term bullishness. It estimates that Ethereum could reach $25K by 2028.

A bullish Ethereum is a bullish altcoin market all round. If you’re thinking of investing in potentially explosive altcoins, Snorter Token ($SNORT), Best Token ($BEST), and Tron ($TRX) stand out as cryptos ready to make big moves.

1. Snorter Token ($SNORT) – Find, Trade, Win Solana-Based Meme Coins on Telegram

Snorter Token ($SNORT) is a utility-oriented meme coin powering Snorter Bot, a Telegram-native crypto trading bot engineered for lightning-fast sniping of meme coin launches on Solana (and eventually EVM-compatible chains).

It features MEV-resistant trade execution, rug-pull detection, copy trading, limit orders, and real-time portfolio tracking, all within Telegram.

Snorter token benefits.

What is $SNORT itself? The token, currently in presale, operates on both Solana and Ethereum as a multi-chain token. Early investors can stake tokens to earn an estimated 142% APY during the presale, disbursed over one year post-launch.

Snorter makes finding and sniping meme coins easier than ever, and for $SNORT token holders, the 0.85% fees are some of the lowest around.

Investors have poured over $3M into the presale already. The token price sits at $0.1011 right now, but our $SNORT price prediction shows it could reach $0.94 by the end of 2025, and $1.92 by the end of 2026 as Snorter expands the bot’s integration with Ethereum and EVM chains.

$SNORT blends the viral appeal of a meme coin with actual trading utility through Telegram. Sniff out those hidden meme coin gems, snipe them, and save big. Check out our How to buy $SNORT guide for more information.

Join the Snorter Token ($SNORT) presale today while its price is still low.

2. Best Wallet Token ($BEST) – Powerful Web3 Wallet Unlocks Crypto Presales

Best Wallet Token ($BEST) is the native utility token of Best Wallet, a rapidly growing non‑custodial multi‑chain crypto wallet. Security is top-notch, too, using a combination of advanced biometrics and Fireblocks’ MPC.

The $BEST token is powering Best Wallet’s mission to dominate 40% of the global crypto wallet market by the end of next year. And holding  $BEST means lower trading fees and higher staking rewards.

There’s also the chance for big wins, with access to the best crypto presales in Best Wallet’s upcoming tokens section.

You can also research projects, read whitepapers, and purchase tokens directly within Best Wallet.

Best Wallet features

Over $14.7M has been raised in the $BEST presale already. Tokens cost $0.025475, and our $BEST price prediction forecasts that could reach $0.072 by year’s end. Discover how to buy $BEST to get in early.

Ready to invest in $BEST? Head to the presale today.

3. TRON ($TRX) – Justin Sun’s Leading Stablecoin-Friendly Blockchain

TRON ($TRX) has been around the block(chain). Established by Justin Sun and launched via ICO in 2017, Tron operates as a decentralized, Proof-of-Stake smart contract blockchain, designed to support scalable, low-cost dApps.

TRON initially aimed to decentralize content sharing by allowing creators to monetize without intermediaries. Its evolution saw it migrate from Ethereum to its own network and grow into a thriving dApp ecosystem, with ongoing focus on speed, scalability, and user experience.

In recent years, however, Tron has also grown in importance as a home for stablecoins – in particular, Tether’s $USDT.

Tron market cap.
Source: CoinMarketCap

That has provided a degree of stability for Tron, while introducing a number of other use cases related to $USDT – cross-border settlements, payments, and more.

$TRX regularly ranks between the eighth and tenth spot by market cap among cryptos. This makes it a major player, but with plenty of room for growth.

You can find Tron ($TRX) on Binance right now.

Ethereum’s Road Ahead: Will Altcoin Season Follow?

With $ETH on the verge of fresh highs, the broader altcoin market stands poised to rally. As Ethereum retakes dominance and confidence rises, investors hope capital flows into smaller-cap altcoins, igniting altcoin season.

Among the big winners could be the likes of $SNORT and $BEST. As altcoins packed with utility, they have the potential to explode – especially as altcoin season appears imminent.

As always, though, do your own research. This isn’t financial advice.

Altcoin Season Close as Ethereum Surges 30% in a Week: Top Altcoins to Buy

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker