Ethereum Surges 15% This Week, Sparking Optimism in the Altcoin Market

Experts hint at a brewing altcoin season and hot picks.

This article does not provide any investment advice. The materials on this page are provided for educational purposes only.

After a strong week for Ethereum, which saw the second-largest crypto by market capitalization surge 15%, optimism is brewing in the altcoin market.

With Ethereum strength stalling Bitcoin’s market share, experts hint at an upcoming altcoin season and are sharing their hot picks for the best altcoins to buy.

ETH Surges While BTC Stalls Impacting Altcoin Market

Ethereum’s performance has the biggest impact on lowering Bitcoin’s market share, which is a key metric for an altcoin season.

This week, Ethereum rallied 15% to reach $3.6K, while Bitcoin slid 1.53% in the same window.

Traders follow 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 hints at an upcoming altcoin season, 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 suggests 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 (PEPU)

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 (CSLAP)

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 (STARS)

Crypto All-Stars is a unique cryptocurrency that lets users stake their meme coins for passive rewards.

The platform currently pays out STARS tokens to those who stake DOGE, SHIB, PEPE, BONK, and others. It features multichain functionality, evident by the tokens it supports. This is a major breakthrough and a key 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, staking STARS 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 currently undergoing a presale that has raised $6.4 million so far – but it ends in 22 days.

For more information, visit the Crypto All-Stars presale website