3 Altcoin to Watch Before Ethereum Price Takes Off

The crypto market is experiencing a downturn as Bitcoin tests new highs. Top altcoins, including Ethereum, have seen losses between 3% and 10% over the past two weeks. This stagnation is believed to be linked to Ethereum’s flat performance. The Altcoin Season Index is currently at 61, down from 86 in previous weeks, suggesting the altseason might be over.

What’s Next for Ethereum?

Ethereum’s price has been fluctuating below $4,000 for two weeks. The second-largest altcoin briefly hit a three-year high of $4,100 but couldn’t hold and is currently trading around $3,864. Despite being below a key resistance point, analysts believe ETH could break through $4,100 and rally toward $5,000. Long-term growth potential is supported by ETF inflows and the steady increase of long-term ETH holders. An IntoTheBlock report shows ETH holdings grew by 50%, from 73 million to 110 million tokens between 2022 and 2024. This signifies growing investor confidence and adoption, fueling predictions of ETH reaching $5,000. Ethereum-based projects like Pepe, Arbitrum, Aave, and Best Wallet token could see gains before ETH makes its move.

1. Arbitrum Dips Below $1

Arbitrum (ARB) has continued its decline since the beginning of the week, falling from its recent high above $1.20. Currently trading around $0.92, ARB has partnered with Ubisoft. Despite the recent dip, likely influenced by token unlocking events, ARB is considered a long-term investment that could benefit from Ethereum’s rise.

2. Pepe Whale Accumulations

PEPE experienced increased whale activity over the past two days, followed by a 10% drop. Lookonchain data revealed significant whale purchases of PEPE, totaling $11.36 million in under 24 hours. However, investors seem to be selling PEPE to buy Ethereum and PENGU, another indicator of shifting interest toward newer, rapidly rising coins. As an Ethereum-based meme coin, PEPE could surge if ETH breaks $4,500, potentially pushing PEPE above $0.000030. PEPE is currently trading at $0.000021.

3. Best Wallet (BEST) Token on Ethereum

Best Wallet (BEST), an ERC-20 token, could benefit from Ethereum’s recovery. Still in presale, BEST offers early investment opportunities. Integrated with the Best Wallet crypto wallet, BEST offers low fees, high staking rewards, and early access to presale projects. Token holders get discounts on transaction fees and higher staking rewards. Current staking APY is at 485% but is expected to decrease. BEST also aims to build a strong community, allowing holders to participate in governance decisions. The project also features an airdrop campaign with daily and one-time tasks to earn BEST.

BEST is currently priced at $0.0225 in presale and can be purchased with card or crypto. The price is expected to increase post-launch. This information is for informational purposes only and not investment advice. Neither the author nor any entity is responsible for your investment decisions.