🚀 Top Altcoins to Watch as BitMine Targets $24.5B Fundraising to Cement $ETH Treasury Dominance

BitMine’s $24.5B fundraising push isn’t just a power move—it’s a seismic shift for Ethereum’s treasury dominance. Here’s how altcoins could ride the wave.

### The Ethereum Juggernaut

With BitMine doubling down on ETH, the smart money’s watching which altcoins will hitch a ride—or get left in the dust.

### Altcoins in the Spotlight

From layer-2 dark horses to DeFi sleepers, the market’s buzzing with contenders. Just don’t expect Wall Street to notice—they’re still figuring out how to short NFTs.

### The Bottom Line

While TradFi scrambles to keep up, crypto’s real players are rewriting the rules. Buckle up.

The news came out as Ethereum’s price broke past the $4,600 mark, inching ever closer to its $4,800 ATH set back in 2021.

Institutional investments continue to fuel Ethereum’s rally, and buoy up the crypto market at large.

As investors seek the best altcoins to put their money into, some brand-new tokens like Snorter Token ($SNORT) and Best Wallet Token ($BEST) are seeing a surge in interest.

Market Heats Up as Institutional Investors Up Their Ethereum Bets

Matthew Sigel, VanEck’s Head of Digital Research, shared on X that BitMine has filed an amendment to its prospectus to expand its equity program by a whopping $20B. This is on top of the $2B and $2.5B filed in previous prospectuses, which should bring the total to $24.5B.

This signals that BitMine and other institutional investors aren’t done growing their respective ethereum stashes.

SharpLink, for example, raised another $400M from other institutional investors with the goal of increasing the value of its $ETH holdings to as much as $3B.

3 Altcoins With Huge Growth Potential as Ethereum Bullishness Continues

As investors pivot from Bitcoin to top altcoins like Ethereum and XRP, cheaper options with high growth potential will also be in their sights. These include:

1. Snorter Token ($SNORT) –Drives the Rise of the Snorter Trading Bot

Every degen trader knows how difficult it can be to find the next big meme coins. Bots and whales typically get into these first, leaving the rest with scraps.

But there’s no point rushing in either, as leaping before you look can mean falling for scams.

This is where Snorter Token ($SNORT) comes in.

It’s a token presale to raise funds for the development of Snorter Bot, a Telegram-native crypto bot. When launched, it will be able to do almost everything on your behalf, including sniping, trading, managing your portfolio, and more. This means no more missed opportunities while you were sleeping.

Snorter Bot will also keep you away from scammers and hackers with its built-in honeypot and rugpull detection feature. This significantly lowers your risk of falling for scams and so-called ‘pump’n dumps’.

Powering this project is its native $SNORT token. With this, you’ll be able to enjoy lower transaction fees, unlimited snipes, and governance rights.

Each token costs only $0.1011, which will still go up with each presale stage. Investing now means guaranteed returns, even before the token launches on exchanges. 

You can stake $SNORT in the presale, too. The staking reward is currently set at 143% p.a., but this will still drop as more investors lock in their tokens.

Join the Snorter Token presale today.

2. Best Wallet Token ($BEST) – Powers One of the Most Secure and User-Friendly Crypto Wallets 

Whether you’re an investor or just someone who uses crypto for your daily transactions, you understand the need for a secure crypto wallet. But wallets that prioritize security and self-custody tend to be bulky and clunky.

That’s not the case with Best Wallet.

As a wallet app available for both iOS and Android devices, it’s ideal for daily transactions.

Plus, it’s a non-custodial wallet. This means only you can access your private keys, and they can’t be stolen in a breach or a hack. 

But to get the most out of Best Wallet, you’ll need some Best Wallet Token ($BEST).

That way, you’ll enjoy reduced transaction fees, the ability to vote on key decisions regarding the Best Wallet ecosystem, and early-bird access to presales in its Token Launchpad.

You can also stake some $BEST in the presale stage for rewards at a rate of 92% p.a

Priced at only $0.025475, $BEST tokens aren’t just practical to hold but cheap.

And, with Best Wallet tipped to take some 40% of the non-custodial crypto wallet by 2026, holding the native token could turn a tidy profit.

Get your Best Wallet Tokens here.

3. Bitcoin Penguins ($BPENGU) – Enjoy Up to 98% Gain in This Month-Long Presale

Bitcoin ($BTC) remains the top crypto by market cap, even as more and more meme coins and altcoins grab the headlines.

Tokens that capture the best of both — Bitcoin staying power, with meme coin appeal, could double their winnings.

Take bitcoin Penguins ($BPENGU), for example.

This penguin-themed project features a quick presale that’s perfect if you prefer not to wait months before you can cash in on your investment.

The entire presale only lasts from July 28 to August 27, and you’ll be able to claim your tokens by September 2.

There will be 15 stages in the presale, with a 5% price increase in every stage. So, if you entered at the earliest stage when $BPENGU was only worth $0.001, the price will become $0.00198 by Stage 15, translating to a 98% increase in value.

The token is currently worth $0.00141, but with just a few hours left before the next price increase, it’s your last chance to get $BPENGU this cheap.

Altcoins are Rolling In

With bold institutional fundraisers from BitMine, SharpLink, and others, Ethereum’s value should continue to rise. A return to its $4,800 ATH of four years ago is not impossible.

This bullish sentiment trickles down to other altcoins as well. This is evident in the explosion of new entrants and growing interest in projects like Snorter Token ($SNORT) and Best Wallet Token ($BEST).