NFTs have indeed made a comeback in the past few weeks, mainly driven by Ethereum's recent surge.
Though far from the peak of 2021, the recent surge should catch the attention of investors looking for heavily discounted assets.
This should redirect attention back to the hottest meme coins. Top new entrants like Best Wallet Token ($BEST) and Snorter Token ($SNORT) are currently in presale, allowing you to snap them up at low prices before they hit exchanges.
NFT: Back on the menu?
According to CoinMarketCap data, the NFT market's market cap has grown by 62.72% in the past 30 days, peaking at $28.4 billion on August 15.
This growth is mainly due to Ethereum's rise in the past few weeks, with its price breaking the $4000 mark for the first time since the end of 2024.
As there are many NFTs on the Ethereum blockchain, the rise of $ETH has also led to an increase in the value of these digital assets.
In fact, according to #nft price floor data, the top 10 NFTs by market cap are all on the Ethereum blockchain, with CryptoPunks leading at a market cap of $2.1 billion.
From Bitcoin to #ETH : Why institutions are turning to Ethereum
The rebound of NFT values may attract investors seeking alternative investments to replace the tried-and-true Bitcoin. We have already seen the rise of Ethereum treasury bonds as a testament to the competition among enterprises to become the largest holders of top altcoins.
Ethereum has outperformed Bitcoin, rising nearly 20% in the past 30 days, while Bitcoin has dropped by 3%. This divergence hints at the beginning of 'altcoin season,' where investors will seek higher returns on non-BTC assets.
AInvest reports that institutional investors and corporate funds currently hold about 8% of the total supply of ETH, up from 3% in April. This indicates how rapidly these institutions are hoarding ETH, and we expect this trend to continue.
Meme Coins have become a trend
But today, what catches the eye is not just NFTs. Meme coins (#MEME Coin) are also on the rise, as they offer investors opportunities to snap up low market cap, high growth potential digital assets.
With a market cap of $68.1 billion, the right meme coin has proven to be a goldmine for both fallen and more adventurous investors.
The presale price is even cheaper, and the potential upside is even larger, for example:
1. #Snorter Token ($SNORT) – The secret to finding hot tokens
It is well known that finding the next big hit in the cryptocurrency market is very difficult.
There are too many release events to track, and too little time to research. This situation increases your risk of encountering failures or even outright scams.
The Snorter token ($SNORT) is about to launch. This token presale aims to raise funds for the development of the Telegram crypto trading bot Snorter Bot. Once online, it is expected to speed up your search for and acquisition of quality tokens.
You can conduct almost all transactions within the bot, including sniping, portfolio management, and copy trading. Most importantly, it features rug pull and honeypot detection capabilities to help protect your funds from hackers and scammers.
As one of the hottest cryptocurrencies this year, the Snorter token has raised over $2.7 million. You can still join and get SNORT for only $0.1015, but the price will increase in a few hours, so act fast.
If you choose to stake tokens, you can currently enjoy an annualized return of 138%. Such a high yield makes supporting the network more attractive. But be aware, as more people lock tokens, the annualized return may change at any time.
You can also hold $SNORT to gain unlimited sniping and other benefits. According to our predictions for the Snorter token price, it also has some upside potential, with its value possibly reaching $3.25 by 2030.
2. Best Wallet Token ($BEST) – More than just a way to store cryptocurrency
As your cryptocurrency portfolio grows, the need to store assets in a secure place like Best Wallet will also increase.
As a non-custodial crypto wallet, Best Wallet gives you complete control over your private keys. This means only you can access your keys to sign transactions and prove your ownership of cryptocurrencies.
Best Wallet allows you to trade, swap, and sell over 1000 different cryptocurrencies, and even find the best new presales in its Token Launchpad.
It is available on iOS and Android devices, easy to install and convenient to use at any time.
The wallet is supported by its native best wallet token ($BEST), which provides you with additional benefits such as low transaction fees, governance rights, and early access to the latest token presales.
So far, the presale has raised over $14.9 million, with no signs of slowing down. To acquire $BEST tokens, simply go to the Best Wallet presale page, where you can purchase each for only $0.025495.
Our guide to purchasing the best wallet token contains all the details to help you get started.
3. Bitcoin Penguin ($BPENGU) – Expected to win 1 $BTC every week
Not everyone has the patience to hold and wait for tokens to appreciate, and that's perfectly fine. This is why the Bitcoin Penguin (B#pengu ) presale exists.
The token presale will take place from July 28 to August 27, making it easy for you to enter and exit quickly. Additionally, the price will increase 15 times, with each increase being 5%. This means that if you participate in the first phase, by the 15th phase, your tokens will have increased by 98%.
This project also provides you with the opportunity to earn Bitcoin through weekly giveaways of $BTC.
With just over a week left until the presale ends, this may be your last chance to get $BPENGU at a low price. Currently, each $BPENGU is priced at $0.00171 and offers staking services with yields of up to 100%.
Buying opportunity on dips?
Although NFTs are recovering, their prices are still cheap compared to the peak around 2021. This means now is a good time to buy before NFT prices may soar again.
Alternatively, check out the best meme coins like Snorter Token ($SNORT) and Best Wallet Token ($BEST). They are currently in presale, which means, like NFTs, they are cheap before listing on exchanges and have high growth potential.
