Best Crypto to Buy Now as BlackRock’s Invests $67.5 Million in Ethereum

After months of giving the market mixed reactions, Ethereum’s fate seems to be turning around, as BlackRock’s recent $67.5 million worth of ETH purchase is showing massive institutional confidence. The news was broken by Crypto Rover on X recently. Reactions to this news have been positive, with many users saying that the altcoin season is back, while others sidelined the institutional confidence, stating, “these suits are way too late for the party.” 💥BREAKING: BLACKROCK JUST BOUGHT $67.5 MILLION WORTH OF ETHEREUMBULLISH FOR $ETH 🚀 pic.twitter.com/FewXtCqQwa — Crypto Rover (@rovercrc) April 29, 2025 This purchase has created a bullish ecosystem around Ethereum, which, despite its recent rejection at $1.8K, continues to remain stable, indicating that a major pump could be coming soon. The ripple effect of this growth could reach other ETH-based tokens, among which could be the best crypto to buy now to capitalize on the current bull run. BlackRock’s Buying Frenzy and Technical Updates Are the Reason for People’s Bullish Mood Regarding Ethereum The recent $67.5 million purchase isn’t the only one making rounds inside the cryptosphere, because two days ago, the world’s largest asset management company had already bought $54 million worth of ETH. Furthermore, the approval of the first spot Ethereum ETF back in early 2024 already set the tone that the altcoin would be accepted by the regulatory landscape. Technological updates are also coming, with Ethereum’s Fusaka Hard Fork expected to take place in the third or fourth quarter of this year. Important Clarification on EOF debateThere’s a significant EOF debate today, but one crucial misunderstanding needs to be addressed clearly:The current EOF discussion is NOT related to the upcoming Pectra upgrade, scheduled for May 7th. The Pectra upgrade does not include… — Tomasz K. Stańczak (@tkstanczak) April 28, 2025 This update had caused some controversy in the past, as the community believed that the EVM Object Format would be coming for the Ethereum Virtual Machine with this hard fork. However, that has been ruled out. Another major news coming from the technical front is that the Ethereum Spectra Update is set to land on May 7th. This update will focus primarily on optimization rather than a complete overhaul, introducing 11 Ethereum Improvement Proposals, five of which will focus on staking. These updates have contributed to the positive community sentiment around Ethereum. In terms of technicals, the ETH price recently rejected the $1.8K mark and is currently accumulating below that level. Recent action shows two inverted curves, and while the previous one led to a correction, the recent one could lead to a major surge. Also, the update proposals, including one that would increase the gas limit by 100x — theoretically increasing ETH’s transaction speed to 2,000 TPS — could give the ETH price a much-needed boost in the future. So, while the technicals don’t show much green, the updates and institutional adoption could lead to a parabolic price action for Ethereum. Best Crypto to Buy Now – Top 3 Picks Ethereum’s potential surge could lift up other utility-focused tokens as well as meme coins. However, since the market is volatile, the best picks are among the recent crypto ICOs. Solaxy While not directly associated with ETH, Solaxy could gain from Ethereum’s recent updates since it leverages both the Ethereum and the Solana ecosystems to provide a unique L2 solution. Built exclusively to help the Solana blockchain become more efficient, Solaxy is a meme coin project with a keen focus on utility, giving itself both short- and long-term perks. The project uses technologies like Hyperlane, Celestia, and ZK rollups to offer off-chain transaction solutions that make the Solana chain more scalable and fast. Unlike other meme coin projects that only highlight some underlying utility as a future vision, Solaxy has already made a lot of headway in that direction. For instance, the Solaxy Block Explorer has already gone live. Right now, developers say that Solaxy can sustain 140 kb/s with optimal configuration on the Solana mainnet, roll-up performance is being fine-tuned, and proper CORS has already been set up for bridging — meaning the project may continue to evolve as time goes on. With over $32 million raised at the time of writing, Solaxy could be the next big hit as both a meme coin and a utility token in 2025. Best Wallet Token Best Wallet Token is a cryptocurrency project powering Best Wallet, a robust cryptocurrency wallet offering multichain perks, allowing users to buy, sell, store, and transfer Ethereum and ETH-related cryptocurrencies, as well as other cryptos. The project has been designed to reduce the UI-related bottlenecks people face when interacting with the cryptocurrency market. The security features of Best Wallet focus on accessibility and protection, and unique staking perks have also been introduced. The core attribute of this cryptocurrency project, however, is the Token Launchpad. Designed to provide access to early investment opportunities, the launchpad lets investors buy crypto on presale while they are still at the zero stage. Other perks, such as staking, also make Best Wallet one of the best cryptocurrency wallets available. Additionally, the developers are very open and social, providing market insights as well as deep and basic crypto tutorials online via their official YouTube channel. Fantasy Pepe Pepe is considered a beta-play of Ethereum, and Fantasy Pepe could establish itself as an even better asset thanks to its unique use case that brings together the best narratives within the ecosystem. Fantasy Pepe is a P2E project with meme coin themes and AI-driven fundamentals that take a basic approach of giving users something to enjoy. The ecosystem comprises two teams — ChatGPT and DeepSeek — managing their football teams and going against each other in 60-second matches overseen by Grok, acting as a referee. This simple game invites players — FEPE holders — to wager on the outcome and win rewards. These rewards consist of everything from tokens to NFTs. There are also real-world rewards in the works that will come after Fantasy Pepe starts collaborating with international football teams. The combined factor of memes and gameplay makes it one of the best cryptos to buy now. Conclusion BlackRock’s Ethereum purchase has once again highlighted the relevance of institutional interest. However, its impact on the ETH price remains to be seen, which has become especially important to note after Ethereum was rejected at $1.8K. Therefore, a better play is to dive into presales and find the best early-moving opportunities, which this “best crypto to buy now” list provides. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.