Ethereum ecosystem coins continue to establish themselves as the top crypto investments for the rest of this bull cycle.
Jerome Powell’s dovish Jackson Hole address resulted in a new Ethereum all-time high. ERC-20 coins, which show a strong correlation with ETH, saw explosive breakouts as well.
Arbitrum, Aave, Lido DAO, and Ethereum Classic each posted nearly 20% daily gains on Friday before showing consolidatory price action on Saturday.
ERC-20 coins consistently rank among the top gainers in every broader market rally, signalling strong underlying demand. Unsurprisingly, many analysts view them as offering some of the most attractive risk-reward setups heading into the next altseason.
Even low-cap ETH-based altcoins are in high demand. Bitcoin Hyper has raised nearly $12 million in its presale, with many tipping it as the next 100x crypto. Similarly, the new meme coin TOKEN6900 is also going viral, seeing strong whale demand just before its open market debut next week.
ERC-20 Coins Show Explosive Strength
Ethereum ecosystem coins tend to show a strong correlation with ETH, with many smart money investors even viewing them as leveraged Ether.
Data from Crypto Correlation by Metrix Finance shows that Ethena, Uniswap, Chainlink, Lido DAO, Arbitrum and Ethereum Classic all have a correlation coefficient of over 0.93 with Ethereum over the past 90 days.
Simply put, this means that these ERC-20 coins have been moving almost in lockstep with Ethereum’s price, reflecting its broader market momentum and acting as leveraged plays on ETH during rallies.
Prominent analysts claim that investors should buy these coins without much thought and reap the rewards throughout the bull cycle.
Among the many ERC-20 options available, Chainlink is emerging as a must-have coin. As perhaps the most fundamentally sound altcoins, owing to its oracle technology and strong institutional demand, $LINK has massive upside potential this bull market.
Experts reveal that LINK is also on the cusp of a massive breakout.
Aave is another Ethereum beta coin in high demand. The network’s total value locked (TVL) has surged past $57 billion, showcasing the strong demand for its lending protocol.
Finally, Arbitrum is another excellent ERC-20 investment. The ARB price is up by more than 20% over the past week, with the layer-2 coin poised for a massive bullish continuation.
Investing in the top performers is always a good strategy in a bull market, and Arbitrum is one of those, as is Lido DAO.
Bitcoin Hyper, TOKEN6900 Also Among The Best ERC-20 Coins To Buy
Even low-cap ERC-20 tokens are seeing strong demand, which isn’t a surprise either. As investors accumulate ETH, swapping into ERC-20 coins becomes a seamless and natural extension of their exposure.
For instance, a whale swapped 35 ETH to buy nearly $170,000 worth of Bitcoin Hyper (HYPER), the newest BTC layer-2 coin.
With layer-2 coins like Arbitrum and Optimism now pumping, whales are betting that low-caps like HYPER could potentially deliver outsized returns against such a backdrop.
The Bitcoin Hyper presale has already raised nearly $12 million in its viral presale, thanks to strong whale and retail demand.
Besides its cutting-edge layer-2 architecture, investors are impressed with its lucrative staking rewards, community-centric tokenomics and audited smart contracts.
Considering that the top layer-2 coins often reach multibillion-dollar valuations, it is no surprise that several analysts are viewing HYPER as the next 100x crypto.
TOKEN6900 (T6900) is another ERC-20 coin that is going viral before its launch next week.
The meme coin has raised nearly $2.5 million in its ICO and is particularly popular among investors who missed out on SPX6900.
TOKEN60 offers the same anti-Wall Street spirit, 2000s nostalgia, reverence to the number 69 and an opportunity for small investors to make it big.
Whales are among the first to recognize its growth potential. Just this month, a whale bought $100k worth of T6900. One of the best ERC-20 coins to buy now, TOKEN6900, is another investment that could potentially deliver up to 100x returns.
However, sidelined investors have a very short window to buy early as the presale ends in less than 5 days.
Visit TOKEN6900 Presale
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.
