Why Ethereum is Soaring as Bitcoin Dips — Best ERC-20 Tokens to Watch in the Current Rally

It’s been a good week to be an Ethereum ($ETH) holder as huge buys from corporate investors helped raise its price at a more consistent pace than Bitcoin ($BTC) over the past several days.

Tokens built using Ethereum’s ERC-20 standard are sure to benefit from this, including the likes of Snorter Token ($SNORT) and TOKEN6900 ($T6900).

Here’s a closer look at why Ethereum is up and why these tokens are worth considering if you’re looking for more ERC-20 investment opportunities.

SharpLink, BitMine Immersion Boost Their $ETH Holdings

Gaming company, SharpLink Gaming, recently announced that it bought over 74.6K $ETH last week, bringing its total holdings to over 280.7K $ETH. This makes it the largest corporate holder of the cryptocurrency.

According to its press release, the company said that it allocated 99.7% of its holdings to staking protocols. This allowed it to earn a total of 415 $ETH since it began staking just last month.

Meanwhile, crypto investment firm BitMine Immersion released a statement on Monday that its $ETH holdings now total more than 163.1K $ETH, which are now worth over $500M.

“Since closing on the $250 million private placement, we have surpassed $500 million in Ethereum holdings, which validates our mission to increase our stake in the Ethereum network.” Thomas “Tom” Lee, Chairman of BitMine’s Board of Directors

The announcement helped boost the company’s stock price briefly to a high of $59 before returning to the sub-$50 level.

These purchases from SharpLink and BitMine Immersion have helped raise $ETH’s price at a steadier pace over the past week compared to $BTC. In the past 24 hours, $ETH grew by 6.01%.

Bitcoin, on the other hand, has grown at a more subdued pace despite hitting several new ATHs earlier this week. For example, its value only increased by 1.15% in the last 24 hours.

With Ethereum rallying, we can certainly expect many Ethereum-based tokens to benefit from this news.

3 Promising ERC-20 Tokens That Could Benefit From the $ETH Boom

From soaring presale projects to stablecoins, here are three ERC-20 tokens worth considering:

1. TOKEN6900 ($T6900) – No Utility or Promises, Just Memes

While major cryptocurrencies these days seem to track the economy and the stock market, TOKEN6900 ($T6900) wants to go against the grain.

The project throws away every sense of purpose and every layer of complication to release a token that doesn’t have an inherent goal.

This ERC-20 token was launched less than three weeks ago but has already raised over $570K, proving that it’s finally made what it dubs ‘the divine intersection of Meme and Market.’

To get your hands on the token, you can head out to the official $T6900 presale page. It’s chock-full of early 2000s pop culture references, zero promises, and pretension.

Each $T6900 token costs just $0.006575, which is perfect if you’re looking to invest in an ERC-20 token on a small budget.

To learn more, or nothing, about the project, you can read its litepaper. If you’re sold on the “brain rot” culture, but need help, here’s a guide on how to buy $T6900 tokens.

2. Snorter Token ($SNORT) – Helping You Sniff Out the Next Big Cryptocurrency

Finding the next big cryptocurrency is currently hard work. You have to jump from one platform to another just to do your research, trading, portfolio management, and more.

And when you’re ready to buy, you walk into a market riddled with scams that can be hard to detect yourself.

Snorter Token ($SNORT) comes to the rescue with its Telegram-based bot, Snorter Bot. This brings all your trading needs into one of the most popular messaging apps on the planet.

With it, you’ll be able to automatically snipe tokens, manage your portfolio, copy trades, and more (all from the Telegram chat window). It even has a honey pot and rugpull detection feature that will help protect you from scams.

Buying $SNORT via the Snorter Token presale gives you additional perks, like unlimited sniping, low transaction fees, and governance rights.

All in all, Snorter Token is your ticket to get ahead of the market’s bots and whales. If this is your first presale purchase, here’s how to buy $SNORT tokens. One currently costs just $0.0983.

3. Tether ($USDT) – A Stablecoin for Highly Volatile Times

The crypto market is notoriously volatile. This means you could gain and lose a lot of money within a short period of time.

Tether ($USDT) is pegged 1:1 to the US dollar. This gives its price a level of stability not found in most cryptocurrencies.

Holding this token is ideal, especially during periods of high volatility. That’s because you know that its value against the USD will remain constant no matter what happens.

To ensure this remains the case, the team behind the token allocates the same USD amount each time it issues new $USDT tokens.

Time to Stock Up on Ethereum?

Ethereum is an attractive investment if you want to diversify your crypto portfolio. This limits your risk compared to going all-in on Bitcoin, for example, which is sensitive to price movements.

Equally attractive are ERC-20-based tokens like Snorter Token ($SNORT) and TOKEN6900 ($T6900). While the former offers genuine utility, the latter is built for fun, giving you an extra layer of diversity in your Ethereum-based investments.

If you plan on investing in crypto, remember to do your own research first. This is not investment advice.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.