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Ethereum surged 15% this week, sparking optimism in the altcoin market. Experts hint at a brewing altcoin season and hot picks.
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Ethereum has rallied by 15% this week, which is good news for the altcoin sector.
Experts say this could be the start of an altcoin season – but what are the best coins to buy?
ETH rallies while BTC stalls
Etheruem’s growth has the biggest impact on lowering Bitcoin’s market share, which is fundamental to an altcoin season.
This week, Ethereum has rallied 15% to $3.6K, while Bitcoin is down 1.53% in the same window.
Traders track Bitcoin’s market share and the progress of altcoin season via the “Bitcoin dominance” chart.
Lark Davies noted that Bitcoin dominance is decreasing while the altcoin index is rising. He alludes to a forthcoming altcoin season by saying, “You know what happens next.”
Meanwhile, analyst Sensei noted that the total crypto market cap (excluding Bitcoin) is breaking out similarly to just before the 2021 altcoin season.
All of this indicates that the next major altcoin rally is upon us. And that’s good news for traders – since this is where the biggest gains are made.
But this year, it’s the meme coin sector that has provided the biggest returns during bullish periods. As such, here are the best meme coins to buy now.
Pepe Unchained
Pepe Unchained is an Ethereum layer 2 blockchain that offers 100x faster speeds and is much cheaper than the Ethereum main network.
It aims to be the home for meme coins inside the Ethereum ecosystem.
So, considering Ethereum’s strength this week, it’s no surprise that Pepe Unchained is also seeing growth. It’s currently undergoing a presale and has raised over $55 million to develop its blockchain.
However, the ICO will end in 15 days, and then PEPU will be listed on exchanges.
The Pepe Chain will launch after the ICO ends and will include features like a block explorer, a dedicated Ethereum bridge, staking, a decentralized exchange, and a two-click meme coin generator.
The team is also running a grants program where it pays people to build projects on the chain. Coupled with its no-code meme coin launchpad, this indicates that Pepe Chain will become a vibrant ecosystem.
For more information, visit the Pepe Unchained presale website.
CatSlap
CatSlap is another Ethereum-based meme coin showing potential. The project is newly launched and is currently trading at a 1,600% premium from its launch price.
However, it remains a low market cap opportunity, holding a valuation of just $20 million. Moreover, it recently underwent a selloff and redistribution phase, creating a healthy price chart ahead of the next leg up.
CatSlap is a cat-themed meme coin that offers multiple features that other cat coins do not – this includes the CatSlap Slapomter gamified experience and staking.
There are also talks that the team will expand the gamified experience into a full-swing Play-to-Earn game. No other cat-themed meme coins offer that.
CatSlap is available to buy on the decentralized exchange widget on its website or via the Best Wallet app via the Upcoming Tokens feature.
For more information, visit the CatSlap website.
Crypto All-Stars
Crypto All-Stars is a unique cryptocurrency that lets users stake their meme coins for passive rewards.
The platform pays STARS tokens to those who stake DOGE, SHIB, PEPE, BONK, and others. Based on the tokens it supports, it has multichain functionality. This is a big breakthrough and a real driver of its early success.
STARS is an integral part of the Crypto All-Stars ecosystem. Users must hold it to maximize their rewards, and they can also stake it for further growth. Currently, STARS staking offers a 310% APY.
Crypto All-Stars is a unique crossover of meme coin and utility token. This makes it appealing to a wider range of investors, especially those who want exposure to the meme coin market without too much volatility.
As such, STARS is in high demand. It’s undergoing a presale that has raised $6.4 million so far – but it ends in 22 days.
For more information, visit Crypto All-Stars presale website.
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This article first appeared at crypto.news
