Quick Facts:
1⃣ Bitmine just added another 44,036 $ETH ($166M), bringing its total Ethereum holdings to over 3.3M tokens worth $12.7B.
2⃣ Ethereum is showing strong long-term bullish signals, finding solid support at the 200-day EMA and retesting a key breakout zone around $4K.
3⃣ As Ethereum stabilizes, now could be the perfect time to explore the best altcoins to buy – like $PEPENODE, $MAXI, and $TRUMP.
Remember when Ethereum hit a high of around $4K after a sweltering 56% rally in July?
Three months later, Ethereum finds itself hovering around the same price level, sparking speculation over whether we could be heading into a deep consolidation zone or possibly even a downtrend.
Amid this uncertainty, institutional investors are making the most of the dip to beef up their Ethereum holdings.
Bitmine, easily the biggest Ethereum holder globally, has reportedly added another 44,036 $ETH ($166M) to its kitty, according to blockchain analytics platform LookOnChain.
This now brings the firm’s total Ethereum holdings to over 3.3M $ETH, currently valued at more than $12.7B.
Also, this isn’t Bitmine’s only purchase during Ethereum’s current downtrend. Just over 10 days ago, the firm scooped up $250M worth of Ethereum.
Ethereum Price Prediction: Long-Term Bullish Picture Remains Intact
So, what is Tom Lee seeing that retail investors are not? For one, Ethereum currently appears to be finding strong support at the 200-day exponential moving average (EMA).
Even more important is the fact that the last time this happened, $ETH spent nearly two months consolidating around the 200 EMA before triggering a 100% rally.
Going by this alone, we could be in for another month of consolidation before a new rally ensues.
Additionally, the token is currently retesting an important breakout zone – a former resistance turned support level that it broke out of during its August rally.
This particular zone, around the $4K mark, has been one of Ethereum’s most important levels recently. Most notably, it sparked a nearly 70% downtrend in December last year.
All in all, even though Ethereum’s current choppy price action looks sheepish, its long-term bullish picture remains firmly intact.
This, in fact, means now’s the best to load up on low-cap, high-upside tokens. Here are our top three suggestions for the best altcoins to buy now.
1. PepeNode ($PEPENODE) – Exciting Mine-to-Earn Cryptocurrency Offering Real Rewards
Currently available at just $0.0011272, PepeNode ($PEPENODE) is one of the best cheap cryptos to buy right now. What makes it even more attractive is its potential to churn out life-changing returns.
According to our PepeNode price prediction, a $100 investment today could turn into $642 by the end of 2026, as the token could hit a high of $0.0072.
What is PepeNode, you ask? It’s a unique mine-to-earn cryptocurrency project that makes crypto mining accessible to everyday users, while also offering them real rewards in return.
Simply put, you get an empty virtual server room as soon as you become a $PEPENODE holder. From there, your job is to stack the room with the most optimal combination of mining nodes.
The trick is to experiment with different meme nodes, as each one has its own characteristics, mining capabilities, and compatibility with other nodes.
Getting this combination right is absolutely crucial if you want to maximize your earnings from PepeNode’s gamified mining ecosystem.
Then, once PepeNode’s TGE (Token Generation Event) is complete and its virtual mining simulator goes live, the top players on the leaderboard will receive free $PEPENODE, $PEPE, and $FARTCOIN tokens as rewards.
Given that it offers a low-cost, user-friendly way to engage in crypto mining – albeit virtual – it’s no surprise PepeNode has already pulled in over $2M in its presale.
Join the PepeNode presale today – and be part of the biggest virtual crypto mining platform.
2. Maxi Doge ($MAXI) – Viral Doge-Themed Meme Coin Eyeing 1000x Returns
If you’ve watched Dogecoin struggle to rally to new highs and wondered if this is the end of dog-themed meme coins, Maxi Doge ($MAXI) is here to give you some hope.
With over $3.8M already raised in its ongoing presale, $MAXI is in a strong position to become the next 1000x crypto.
According to our $MAXI price prediction, it could hit a high of $0.0058 by the end of 2026, giving early adopters a mind-boggling 2,000% return on their investment.
Take a look at our step-by-step guide on how to buy $MAXI for just $0.000266.
What is Maxi Doge? On the surface, he’s a furious Shiba Inu out for revenge on his distant cousin, Dogecoin.
Under the hood, though, his insatiable desire for revenge stems from an emotional backstory – one where Dogecoin hogged all the limelight, leaving Maxi to grow up in loneliness.
That’s when Maxi decided to hit the gym, bulk up, and inject his veins not just with protein shakes, but with the charts themselves, preparing to become the ultimate meme coin for degen investors.
Looking ahead, $MAXI plans to dominate the space through its masterfully crafted tokenomics, which allocates 40% of its total token supply to marketing.
This includes PR pushes, influencer collaborations, and social media campaigns, as well as holder-exclusive benefits such as weekly trading events and leaderboard prizes.
On top of that, $MAXI also plans to list on futures platforms, positioning itself right alongside Dogecoin as the perfect gateway for meme coin traders seeking liquid markets, leveraged bets, and life-changing returns.
Join the next big ‘dawg’ in its journey to 1000x – buy $MAXI tokens today!
3. OFFICIAL TRUMP ($TRUMP) – Donald Trump’s Meme Coin Surges Again
Donald Trump’s popularity among crypto investors is on the rise again, evident from the recent surge in his official meme coin, OFFICIAL TRUMP ($TRUMP).
The token is up nearly 32% this week after finding strong support around the $5.7 mark.
Most importantly, $TRUMP has now broken out of a long-standing downward sloping resistance line, one that had capped its momentum since February.
According to this trading pattern, if the token holds its breakout, we could see a sharp move toward $24.5 – a massive 200% gain from current levels.
On the fundamentals side, the biggest reason behind this surge could be Trump’s recent warming up to China and efforts to bring the U.S. closer to a trade deal – a move that could ease tensions across not just crypto but also global stock markets.
Furthermore, Trump’s pro-crypto stance continues. Most recently, he even pardoned Binance’s founder, Changpeng ‘CZ’ Zhao, calling his prosecution an ‘overly prosecuted case by the Biden administration,’ and ‘a war on cryptocurrency.’
Interested? Buy $TRUMP on Binance or any of the other crypto exchanges.
Recap: With Ethereum likely consolidating before potentially finding renewed momentum, now could be the perfect time to hit a home run by scooping up low-cap gems like PepeNode ($PEPENODE), Maxi Doge ($MAXI), and OFFICIAL TRUMP ($TRUMP).
Disclaimer: Please do your own research before investing in crypto. It’s a highly volatile market, and this article is not financial advice.
Authored by Krishi Chowdhary, Bitcoinist – https://bitcoinist.com/best-altcoins-to-buy-after-bitmine-fresh-166m-ethereum-investment