Best ERC-20 Tokens to Buy as Ethereum Targets $5,140

Ethereum could reach $5,140 if it holds a key support level, says top crypto analyst. ERC-20 tokens could profit

If a key support level holds, Ethereum ($ETH) could be poised for massive growth beyond $5K, says a leading crypto analyst.

While the scenario may not happen immediately, we can expect ERC-20 tokens like Snorter Token ($SNORT) and Best Wallet Token ($BEST) to ride this wave.

Still Plenty of Upside for $ETH

According to crypto analyst Ali Martinez on an X post, we could see $ETH moving up to $4,220 before hitting the $5,140 mark, so long as it maintains the $3,300 support level.

The prediction is based on MVRV Pricing Bands, typically used to identify historically significant price zones for cryptocurrencies like Bitcoin ($BTC) and $ETH.

In Martinez’s post, the chart shows a lot of upside potential at $ETH’s current level before it reaches what can be considered an overvalued zone at the $5,140 mark.

Growing attention from institutional investors could further accelerate this rise. As Standard Chartered predicts, $ETH treasury companies could eventually own 10% of the coin’s total supply.

In other words, we could still see a lot of upward movement for $ETH despite it hovering between $3,600 and $3,900 in the past week.

The market’s number two cryptocurrency is currently trading at $3,868.01, translating to an 8.77% growth in the last seven days, according to CoinMarketCap data.

3 ERC-20 Tokens That Could Blow Up as $ETH Continues to Grow

With $ETH still having a lot of growth potential on the horizon, tokens built on its chain could also rise. That’s why, if you’re looking for ERC-20 tokens to invest in, here are three that are heating up right now.

1. Snorter Token ($SNORT) – Simplifies Finding the Next Big Meme Coins

When it comes to growth potential, meme coins are king. Despite their fun exterior, meme coins are worth serious money with a current market capitalization of around $70B.

The only problem with these coins is that the next big ones are notoriously difficult to find. You need to jump from platform to platform, ensuring they’re legitimate and not just another attempt at a rug pull.

Snorter Token ($SNORT) wants to change that. It’s a presale that aims to develop Snorter Bot. This Telegram-based trading bot lets you do everything from sniping to checking for possible scams via its honeypot and rugpull detection feature.

Aside from supporting the project, owning its ERC-20-based $SNORT tokens will give you exclusive perks, such as unlimited snipes, low fees, and governance rights.

You can get your tokens for only $0.997 via the official Snorter Token presale page. But you must act quickly, as a price increase will happen in a few hours.

Staking is also an option and an easy way to earn passive income. The project currently offers this at a reward rate of 164% p.a. This can change, though, as more people lock in their tokens in the staking pool.

2. Best Wallet Token ($BEST) –Secure Your Crypto the Easy Way with the Best Non-Custodial Crypto Wallet

Best Wallet is an up-and-coming crypto wallet that aims to capture over half of the market by 2026. Ambitious, yes, but it has a lot going for it that can make this lofty goal well within its reach.

For one, it’s available for both Android and iOS devices. Installing the app is quick, and navigating it is easy, so you don’t need to be a techie just to figure out how it works.

It’s also non-custodial, which means you have complete control over your private keys. You use these to sign transactions and prove that you own your crypto. Looking after them yourself keeps them away from hackers who could potentially attack the exchange.

More than just a tool for storing crypto, you can also buy and swap coins within the Best Wallet app. It’ll also support over 60 chains, which makes owning and moving a wide variety of coins extra convenient.

Powering the wallet is the Best Wallet Token ($BEST). Holding this token unlocks benefits like low transaction fees, early-bird access to new presales on its Token Launchpad, and the ability to vote on the project’s direction.

Priced at only $0.025415, $BEST is a must-buy at the Best Wallet Token page if you want an affordable ERC-20 with real utility. Of course, staking is available too at a rate of 94% p.a.

3. Uniswap ($UNI) –Earn Governance Rights within the Uniswap Ecosystem

Since its launch in 2018, decentralized exchange (DEX) Uniswap features Automated Market Making (AMM). Unlike traditional order books, trades are executed via liquidity pools with AMM. This means trading is always possible when there’s a pool available.

$UNI is the ecosystem’s governance token. This will give you the power to vote on proposals within the ecosystem, such as protocol upgrades, fee distributions, and treasury usage.

To date, there are over 310K members of the Uniswap DAO (entities and individuals who own $UNI).

Unlike $SNORT and $BEST, which are on presale, you can already get $UNI on major exchanges, including Binance, Coinbase Pro, and Uniswap itself.

Ready for $ETH’s Next ATH?

While $ETH is clawing its way back to the $4,891.70 ATH it reached in November 2021, the growing number of institutional investors could help push its value beyond $5,100.

This is naturally good news for ERC-20 tokens like Snorter Token ($SNORT) and Best Wallet Token ($BEST), helping draw interest to their presales and boosting investments into their respective projects.

Disclaimer: Do your own research before you invest. This is not financial 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.