Intense bullish signals for Ethereum indicate that an altcoin craze is approaching.
Often referred to as "digital silver," #Ethereum ($ETH) has just broken through the $4000 mark and is moving towards the historical high of $4867.95 set in November 2021, with the possibility of exceeding this level.
Historically, such strong rises in Ethereum often lead altcoins into a period of comprehensive prosperity.
Glassnode co-founders Jan Happel and Yann Allemann pointed out on the X platform that after Ethereum broke through the $4000 support level, it is likely to initiate a 'crazy market'. They also mentioned that signs of fund accumulation often appeared on Fridays and Saturdays over the past month, with the real rebound possibly starting on Sunday or Monday.
Currently, Ethereum's weekly increase has exceeded 19%, and its parabolic rise potential makes altcoins the market focus, likely leading to collective gains in the coming days.
The core logic behind Ethereum's strength
In addition to Glassnode's optimistic expectations, MN Trading Capital co-founder Michaël van de Poppe predicts that altcoins may rise by 200%-500% in the next 2-4 months, suggesting that Ethereum's current momentum is "the first step towards increased risk appetite."
As Ethereum stabilizes above $4000, over $817 million in short positions may face liquidation, and forced buybacks could trigger a short squeeze, further driving up prices. More importantly, the ETH/BTC ratio has risen by 67% over the past three months, indicating that capital is shifting from Bitcoin to Ethereum and altcoins. This is a great time to position for undervalued tokens and ride the altcoin wave.
Three recommended potential altcoins
1. #BitcoinHyper ($HYPER): Bitcoin Layer 2 solution, low entry price during pre-sale
Bitcoin Hyper plans to accelerate the Bitcoin blockchain by building a Layer 2 network integrated with the Solana Virtual Machine (SVM). This solution will inject Solana-like high performance into the originally slow, high-fee, and poorly compatible Bitcoin ecosystem—high transaction speed, low fees, and full Web3 compatibility, effectively adding a "fast lane" to Bitcoin's "busy highway" and reducing high "toll fees."
Through a decentralized standard bridge, users can convert native BTC into Layer 2 compatible 'wrapped BTC', and participate in Hyper ecosystem's high-speed DeFi trading, NFTs, DAO governance, lending, staking, and other scenarios. Currently, the project is in its early pre-sale stage, having raised over $7.8 million, with a current unit price of only $0.0126.
It is predicted that by the end of 2025, the price of $HYPER may reach $0.32, representing a 2400% increase from the current price.
2. #Snorter Token ($SNORT): Telegram Bot Assists Meme Coin Sniping
In the craze for altcoins, low market cap meme coins often experience explosive growth in their early listings. The Snorter token ($SNORT) is a tool to capture such opportunities. Its supported Snorter Bot is a Telegram trading robot designed for retail investors to seize liquidity in newly listed meme coins.
This robot is currently compatible with Solana and is about to expand to Ethereum, Polygon, BNB Chain, and Base. Users can set limit/stop-loss orders by sending commands in the Telegram chat, which will be automatically executed when liquidity is activated, avoiding the issue of institutions using advanced tools to seize liquidity. Additionally, the robot has built-in protections against 'rug pulls', honey pot attacks, and MEV attacks.
Holding SNORT grants exclusive rights: only 0.85 SNORT at a unit price of $0.1007, having raised over $2.8 million, with a forecasted price of $0.94 by the end of the year, representing an 830% increase.
3. #Dogecoin ($DOGE): Strong fundamentals and technicals for this veteran meme coin
As the largest market cap meme coin, Dogecoin has risen over 16% in the past week and 7% in the last 24 hours, leveraging both fundamental and technical advantages to welcome the altcoin boom.
On the fundamental side, the probability of the U.S. SEC approving a DOGE ETF in the third quarter exceeds 90%. If realized, it will attract significant institutional and retail funds. Technically, Dogecoin plans to integrate a zero-knowledge proof (ZKP) verification system to enhance privacy and scalability.
From a technical perspective, Dogecoin's daily chart is above the 10-day and 20-day EMA, rebounding from the 0.5-0.618 Fibonacci 'golden pocket' area (starting from the low of $0.14287), showing strong upward momentum. The current price is $0.2338, expected to challenge $0.50 this year, offering excellent entry value.
Summary of this article
Ethereum's strong breakout paves the way for altcoin trends, with HYPER's Layer 2 innovation, SNORT's tool attributes, and $DOGE's longstanding appeal making them popular targets.
However, it is important to note that investing in altcoins carries high risks. This article does not constitute financial advice, and thorough research is essential before investing.
