Best Altcoins to Watch as Ethereum Closes In on Historic $5,000 Level

Ethereum is currently trading at $4.6K, just $200 below its all-time high (ATH) of $4.8K set in November 2021. The current momentum is igniting significant excitement as the prospect of a new ATH and the $5000 psychological barrier come ever closer. 

It’s been a stellar month for Ethereum with over 50% growth in value. Its market cap has just hit over $559B, surpassing companies like Netflix ($524B). It’s a far cry from April, when it hit a low of $1.5K. Its remarkable recovery has been driven by retail and institutional investment, including major inflows into Ethereum ETFs.

An Ethereum ATH often signals the start of an altcoin season, where gains spread to other projects – even those on competing blockchains like Solana – as investor enthusiasm spreads.

We’ve highlighted three projects that are poised to benefit from Ethereum’s pump: Snorter, a Telegram trading bot; Bitcoin Hyper, a project bringing smart contract functionality to the Bitcoin network; and Ethereum itself for some quick profits to reinvest.

What’s Driving Ethereum’s Price Surge?

Whale activity and institutional inflows are driving huge amounts of Ethereum activity. On August 11, Spot Ethereum ETFs saw a record $1.02B in net inflows, with BlackRock’s ETHA alone bringing in $640M. 

The anticipated Fed interest rate cuts in September, likely starting at 25 basis points, with some odds for 50, could shift more capital from bonds to higher-yield instruments like cryptocurrency. 

This macro environment, combined with Ethereum’s ecosystem strength, sets the stage for broader market uplift.

1. Snorter Token ($SNORT) – Telegram-Based Trading Bot with Ultra Low Transaction Fees

Snorter Token ($SNORT) is a Telegram-based sniper bot that sniffs out the hottest new altcoins and allows you to trade them automatically. Snorter Bot is due to go live in Q3 2025, just in time for potential altcoin season. 

While the team is busy developing the bot, its native token $SNORT is already available. Using $SNORT to transact on the platform cuts your transaction fees from 1.5% to 0.85%, bringing it well under the industry average of 1% for bot trading fees.

When it launches, Snorter Bot will support the Solana blockchain, with plans to integrate other networks like Ethereum, BNB, Polygon, and Base soon after. Whichever blockchain you’re on, a key feature is the Bot’s ability to warn you about altcoins with potentially malicious smart contracts.

By default, Snorter Bot will offer automated trading. Holding $SNORT, however, unlocks more advanced features such as removing daily sniping limits and allowing mirrored trades so you can copy the strategies of top-performing wallets.

The $SNORT presale is due to end sometime before Q4 2025. With over $3.1M  worth of tokens already sold, the price has reached $0.1013. Early buyers can also benefit from staking rewards, currently 141%.

2. Bitcoin Hyper ($HYPER) – Supercharging the Bitcoin Network with Layer-2 Speed and Capabilities

Bitcoin Hyper ($HYPER) is bridging the gap between Bitcoin’s worth as a store-of-value cryptocurrency and Ethereum’s smart contract capabilities, using the Solana Virtual Machine (SVM) to build a Layer-2 network for Bitcoin.

Once the network goes live, you’ll be able to transfer your Bitcoin across the Canonical Bridge and receive the same amount of wrapped $BTC, which you can then use to interact with dApps built on the Bitcoin Hyper blockchain.

With the scalability brought by Solana, Bitcoin Hyper promises faster and cheaper transactions for Bitcoin. Plus, it opens opportunities for Bitcoin-based tokens and decentralized finance (DeFi) applications. The $HYPER token is central to this ecosystem, enabling holders to participate in network activities, exclusive launches, and dApp interactions..

The $HYPER presale is currently underway at $0.012725 per token. In addition to a discounted rate, you can stake your tokens to benefit from a current annual return of 114% The presale has so far raised over $9.5M, so we wouldn’t be surprised to see over $10M sold before launch.

3. Ethereum ($ETH) – The World’s Second Largest Cryptocurrency

Ethereum, a decentralized blockchain founded in 2014 by Vitalik Buterin, introduced the concept of smart contracts. Ethereum extends the same decentralized assurances that Bitcoin offers to code execution, laying the groundwork for the DeFi industry and the rise of NFTs

While Ethereum was originally based on a proof-of-work consensus mechanism similar to Bitcoin, Ethereum transitioned to a proof-of-stake system in 2022. This change, called ‘The Merge,’ massively cut the network’s energy usage by over 99%.

Several competing blockchains, such as Polygon, BNB, and Solana, have sprung up since Ethereum’s inception, but the network shows no signs of slowing down as the top dog in the smart blockchain space based on recent market activity.

What’s next for Ethereum?

As Ethereum inches closer to a new ATH and the significant $5000 milestone, it’s looking increasingly likely that an altcoin season is on the way. The traditional pattern of Bitcoin’s rise pulling up Ethereum, and the knock-on effect on the whole altcoin market, seems to be key.

In this context, we’ve highlighted two projects – Snorter Token and Bitcoin Hyper – that we believe have the potential to pump alongside Ethereum. While there’s always an opportunity for profit, it’s crucial to remember that nothing in crypto is guaranteed. Always do your own research and only invest what you’re prepared to lose.