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The crypto market is surging today. Bitcoin is rising, hitting a new all-time high above $112,000, and Ethereum is doing even better.
But it’s not just these two giants getting attention. Traders are also buzzing about Snorter, a new Telegram-based trading bot that has raised $1.5 million in its presale.
Could Snorter be the next altcoin to explode after BTC and ETH?
Institutions & Macro Tailwinds Are Driving Crypto’s Latest Surge
Crypto is rallying hard right now – and some believe this is the start of a new bull run.
Institutional investors are responsible for a lot of the crypto demand, with the spot BTC ETFs attracting over $14 billion so far this year.
Big names like BlackRock and Fidelity are stacking Bitcoin – the former now holds more than 3% of BTC’s total supply. Traders can’t ignore that kind of support.
On top of that, the macro picture is finally lining up in crypto’s favor. Inflation numbers from May were mild – just 0.1% – and that’s got traders hopeful the Fed might finally cut interest rates at the next FOMC meeting.
Plus, the U.S. dollar index just hit a 20-year low, and investors are looking for alternatives (like Bitcoin) to protect their cash.
Throw in a sizable short squeeze and clearer regulations in the U.S. (thanks to things like the GENIUS Act), and suddenly cryptocurrencies are looking like a good investment.
Ethereum Hits Its Highest Price in Weeks After 7% Jump
Ethereum isn’t just tagging along behind Bitcoin – it’s leading the way in the ongoing altcoin rally.
Over the past 24 hours, ETH has jumped by 7%, now trading at $2,780. That’s the highest ETH has been since June 11.
And if you zoom out, Ethereum’s up more than 31% since last month’s lows. But why all the excitement?
For one, big money is moving into ETH, too. Spot ETH ETFs are seeing hundreds of millions of dollars in inflows every week, and the amount of ETH locked in staking contracts just keeps growing.
Right now, nearly a third of Ethereum’s total supply is staked, meaning less available ETH on exchanges – simple supply and demand.
Ethereum also has some technical momentum going its way. It recently formed a “golden cross,” and that bullish signal has caught the eye of traders who watch these patterns closely.
Meanwhile, Ethereum’s Layer-2 ecosystem continues to grow, with networks like Arbitrum and Optimism making transactions cheaper and faster. Basically, Ethereum’s looking healthy from every angle, which is why ETH demand is rising.
Meme Coin Trading Bot Snorter Could Explode Next After Raising $1.5M in Presale
Some traders are looking for smaller coins that could benefit from the bullish conditions.
One of the hottest projects gaining traction right now is Snorter, a meme coin-focused trading bot built directly into Telegram. Traders love simplicity – and Snorter nails it.
The reason people are getting excited is straightforward: the Snorter Bot lets you trade meme coins in seconds, all through your Telegram app.
It’s fast, secure, and comes with built-in anti-scam tools to dodge rug pulls and honeypots – exactly what active meme coin traders need.
On top of that, Snorter charges a low fee (just 0.85%) if you hold their native SNORT token.
SNORT is currently only available in presale but has raised more than $1.5 million in early funding so far.
Adding to Snorter’s appeal are the holder incentives. SNORT holders can stake for some seriously high yields – estimated at 218% per year – which helps shrink the available supply and could drive the token’s price higher post-listing.
And Snorter isn’t stopping at Solana; it’ll soon roll out support for Ethereum, BNB Chain, and Polygon as well.
YouTuber Crypto Gains thinks this multi-chain setup could make it “better than Banana Bot.”
Ultimately, if the crypto market continues surging higher, Snorter could be perfectly positioned to benefit.
Visit Snorter Presale
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