The leading altcoins have significantly outperformed Bitcoin (BTC) over the past 30 days, and the investor enthusiasm surrounding them is only growing. For example, Ethereum has spiked 34.14% over the last 30 month, almost triple Bitcoin’s 12.86% surge.
As altcoins like Ethereum (ETH) surge, an altcoin season has begun, and it may result in explosive gains across smaller markets as capital shifts into other tokens.
Let’s dig deeper into the main catalysts behind the altcoin rally, as well as the three tokens that could deliver outsized gains as bullish momentum continues to rise.
Ethereum Breaches $3,400 as ETH ETFs Record Massive Daily Net Inflows
Over the past 30 days, Ethereum surged from $2,557 to $3,428, representing a 34.34% increase, and it shows no signs of slowing down.
Its technical indicators, such as the Golden Cross that has formed in its key moving averages, suggest the leading altcoin will keep growing in the short term, especially if buying pressure from whales and institutions persists.
Over the past week, whale purchases of ETH have flooded the market, with Lookonchain reporting that one whale bought $298.26 million worth of ETH.
Meanwhile, ETH ETF daily net inflows surged to a record-high of $726.74 million on July 16th, which coincided with Ethereum’s push past the $3,400 mark for the first time since January.
Best Coins to Buy for Altseason
As fresh capital enters the market at staggering rates, smaller altcoins are in a near-perfect position to capitalize on the renewed momentum.
Here are three cryptocurrencies that could be among the biggest winners of the current bull run:
Snorter (SNORT)
As a Solana and Ethereum multichain meme token project currently in presale, Snorter aims to level the playing field for meme coin traders with the release of Snorter Bot.
Snorter Bot will soon launch as a Telegram trading bot for Solana, equipped with a plethora of automation tools and capable of executing transactions in under one second.
Additionally, it will automatically flag projects with malicious smart contract functions, as well as protect its users from front-running attacks.
Although a meme coin, SNORT acts as a utility token, as its holders will have access to unlimited token sniping, which allows Snorter Bot’s users to buy new meme tokens seconds after they launch.
Holding SNORT, which currently costs $0.0985, will reduce the fees to just 0.85% for Snorter Bot’s users, making it one of the most cost-effective solutions.
With nearly $2 million already raised, Snorter could release at a perfect time to help its presale backers capitalize on the altcoin season’s most bullish opportunities. Visit Snorter presale.
Bitcoin Hyper (HYPER)
Bitcoin Hyper is designed to benefit from both Bitcoin and altcoin dominance, as it is a meme token presale aiming to improve Bitcoin’s scalability.
Using Solana Virtual Machine (SVM) technology, Bitcoin Hyper seeks to bring scalable smart contracts to Bitcoin’s Layer 1.
Once released, its ecosystem could see various DeFi protocols, dApps, and other projects centered around Bitcoin emerge, unlocking BTC’s full potential.
With its Bitcoin Layer 2 solution that’s designed to be cost-effective and fast, the project will also make microtransactions and payments viable for those swapping their BTC for wrapped BTC via the project’s Canonical Bridge.
Crypto expert Jacob Crypto Bury praises Bitcoin Hyper’s impressive early adoption rates that have already pushed it past $3.1 million raised, expecting its native token to explode in value shortly after launch.
With the Bitcoin Hyper launch looming as the first-ever Bitcoin layer 2 token, its current per-token price of $0.0123 represents an attractive entry point. Visit Bitcoin Hyper.
Aave (AAVE)
Among established tokens, AAVE appears ready to capitalize on the fresh capital targeting Ethereum-based assets.
As a top decentralized lending and borrowing platform, Aave became the second-largest project on Ethereum yesterday by Total Value Locked (TVL), according to Token Terminal.
Aave’s native token, used for staking, collateral, governance, and more, grew by 19.5% over the month, reaching $322.94 today.
Crypto expert Posty believes the token is now in an excellent position to reach its December 2024 highs around the $384 mark, pointing to its formation of higher lows over the past few months.
AAVE’s technical indicators support this prediction, as the token’s Relative Strength Index (RSI) of 66.59 reveals that it still hasn’t entered overbought territory.
Additionally, the token’s long/short ratio of 1.95 suggests traders are confident in its potential to grow in the short term.
Fueled by bullish technical and market momentum, AAVE’s expected jump above $380 could position it for much greater gains by the end of 2025.
