Ethereum Rallies Above $4,300 – What’s Next for These Top ERC-20 Tokens?

The world’s number two cryptocurrency broke past the $4,300 level this weekend, despite slipping back slightly to $4,281 at the time of writing. It’s expected to keep inching closer to its next target at $4,400.

This surge could spell good news for top ERC-20 tokens, such as Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST), which are heating up in their respective presales.

Institutional Buys Push Ethereum Price Up Over the Last 7 Days

Huge buys from institutional investors have helped push Ethereum’s price up over the past week.

According to crypto analytics platform Lookonchain, a mysterious buyer accumulated 221,166 $ETH over the past week, equivalent to around $946.6M.

 

Meanwhile, Bitmine Technologies and Sharplink went on a buying spree during the same period, and grabbed about 300K $ETH in total, reported CoinGecko via X.

These purchases dwarf the average daily number of Ethereum coins issued (approximately 2,700 $ETH), which creates a supply squeeze and raises its price.

As a result, Ethereum has grown by 20.26% in the last seven days and is currently trading at around $4,274.

Source: CoinMarketCap

Top ERC-20 to Watch as Ethereum Surges

As the top blockchain by Total Value Locked (TVL), Ethereum is also home to some of the biggest tokens via its ERC-20 standard.

As Ethereum’s price continues to rise, ERC-20 tokens should see a rise in attention from traders looking for hot low-cap investments. These include the following: 1. Bitcoin Hyper ($HYPER) – Taking the Bitcoin Ecosystem to the Next Level

While Ethereum makes massive gains, there’s no escaping Bitcoin’s dominance. However, due to its age, the world’s most valuable cryptocurrency is bogged down by issues, including slow transactions, high fees, and limited scalability.

Bitcoin Hyper ($HYPER) aims to change that by developing a Bitcoin Layer 2. When it launches, it promises to introduce Solana-level speeds, low transaction fees, and advanced features to the Bitcoin ecosystem.

 

To use the L2, you’ll first need to deposit $BTC to an address monitored by Bitcoin Hyper’s Canonical Bridge. The same amount of $BTC will then be minted in the L2, letting you transact $BTC instantly and cheaply and perform DeFi operations like staking or trading.

You’ll then be able to withdraw your $BTC from the L2. To do this, the system will verify the L2 state and generate a proof for the bridge. After validation, you’ll get your $BTC back to your L1 address.

Using $HYPER tokens helps you get the most out of the L2, including low transaction fees and governance rights. You’ll also be able to use them to pay for gas fees or staking.

You can buy $HYPER for only $0.012625 via the Bitcoin Hyper presale page. If you choose to stake, you can enjoy rewards at a rate of 130% p.a., but expect this to change as more investors lock in their tokens.

Join the Bitcoin Hyper presale.

2. Best Wallet Token ($BEST) – Powering One of the Most Secure Crypto Wallets in the Market

As crypto ownership becomes more mainstream, there’s an increasing demand for crypto wallets like Best Wallet.

It’s a user-friendly wallet that you can install on your iOS or Android device. This means you’ll be able to use it to access your crypto in minutes without needing separate hardware to store your digital assets.

Best Wallet is also a non-custodial crypto wallet. This makes it extra secure because only you will have access to your private keys. These keys are super important as they’re used to sign your transactions and prove that you own your cryptocurrencies.

You can also do more than just store your crypto in this wallet. You can also buy, swap, and trade crypto, as well as access presales via its Token Launchpad.

Holding Best Wallet Token ($BEST) will give you extra perks within the Best Wallet ecosystem. You’ll get discounts on transaction fees and be able to vote on key decisions related to the wallet ecosystem.

$BEST tokens are currently available at the Best Wallet Token presale. Each one costs $0.025465, which will get another price increase a few hours from now. So, if you want to get yours, buy them while they’re still cheap.

Staking is also available at 92% p.a. To date, over 288M $BEST tokens have been locked into the staking pool, or about 2.88% of the total token supply.

Get your Best Wallet Tokens here.

3. Chainlink ($LINK) – Helping Connect the World’s Top Blockchains to Real-World Data

Powerful as blockchains are, they can’t access outside data on their own. So if an app on a chain requires price information, for example, they won’t be able to do it without the help of a decentralized oracle network like Chainlink.

Chainlink fetches data from various sources and securely serves it to the blockchain that requests it.

Powering Chainlink is its native $LINK token, which is already available in top exchanges like Binance and Kraken.

It’s a utility token, which you can use to pay for the data you request from Chainlink or for staking.

Priced at $21.91, $LINK has grown by a whopping 31.63% over the past seven days. While still a long way from its ATH of $52.88 set in May 2021, now’s your chance to get the token at a steep discount.

Happy Days are Here Again for Ethereum

While Ethereum bottomed out at around $1.5K earlier this year, it’s doubled its price since then and seems well on its way to $4,400.

$ETH’s growth is having a huge impact on ERC-20 tokens too, such as Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST). This should bode well for their respective presales and help bring in cash to make their projects a reality.