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 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:
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.
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.
Like $DOGE that it’s trying to parody, Shiba Inu ($SHIB) started out as a joke back in 2021.
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.
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.
Disclaimer: Do your own research before you invest. This is not investment advice.
