Ethereum News Today: Top Altcoins Surge on Funding, ETF Hopes, and Institutional Demand

The crypto market is showing renewed vigor as several altcoins demonstrate strong momentum, driven by clear catalysts such as significant funding, rising institutional interest, and robust technical indicators. Among the top altcoins to watch now are BlockDAG (BDAG), Cardano (ADA), Hyperliquid (HYPE), and Ethereum (ETH), each of which is experiencing growth due to distinct factors.

BlockDAG has drawn significant attention with its $374.5 million funding round, selling over 25.1 billion BDAG coins in 29 batches at $0.0276 each. The project’s hybrid Layer-1 architecture combines Directed Acyclic Graph (DAG) and Proof-of-Work consensus, offering high throughput and EVM-compatible smart contracts. Participants in earlier batches have seen gains of approximately 2,660%, and analysts anticipate an 81% increase if the price reaches $0.05. With listings confirmed on 20 exchanges, including MEXC and BitMart, and potential U.S. listings on Coinbase and Gemini in the works, the project is positioned for substantial visibility and price appreciation [1].

Cardano (ADA) is gaining traction on both technical and institutional fronts. The token has recently traded as high as $1.012, up 18% in 24 hours and 35% in a week. Increased speculation around a U.S. spot ETF approval—now estimated at 80%—has bolstered sentiment. Whale activity has surged, with $157 million in ADA acquired in just two days. Additionally, Cardano’s treasury has allocated $71 million for ecosystem upgrades, reinforcing the bullish outlook. Analysts are eyeing a potential price target of $1.725, supported by strong technical indicators such as a golden cross and a breakout from a descending channel [1].

Hyperliquid (HYPE) is approaching its all-time high of $49.84, trading currently in the $48.40–$48.53 range. The project’s market cap has reached $16.2 billion, with $550 million in daily trading volume. A recent $583 million HYPE coin treasury and a $50 million private financing round have added liquidity and stability. The co-branded validator initiative with Kinetiq has introduced a staking mechanism, enhancing network resilience. These developments, combined with consistent technical performance, position HYPE as a key player among top altcoins to watch now [1].

Ethereum (ETH) is benefiting from a surge in institutional demand, driven by the approval of U.S. spot ETFs. The token has reached levels not seen in three and a half years, hitting $4,776. Daily inflows have reached as high as $704 million, contributing to a 13% rise since August 11. Standard Chartered has projected a potential $7,500 price target by late 2025, while analyst Tom Lee has suggested a range of $10,000–$15,000 if the uptrend continues. With support near $4,720 and resistance around $4,870, ETH remains a top altcoin to monitor, especially with continued regulatory clarity and smart contract adoption [1].

Collectively, these four altcoins are standing out in a market favoring projects with tangible progress and strong growth triggers. BlockDAG is leveraging its presale success for a large-scale launch, ADA is riding technical and ETF-driven momentum, HYPE is expanding through corporate liquidity and DeFi integration, and ETH is benefiting from record institutional inflows. For investors tracking top altcoins to watch now, these projects offer a compelling mix of innovation, adoption, and price potential [1].

Source: [1] Altcoins Ready to Explode: BDAG, ADA, HYPE & ETH (https://www.cryptoninjas.net/news/altcoins-ready-to-explode-bdag-ada-hype-eth/)