Ethereum is gearing up for one of its biggest upgrades and hard forks in years, known as Pectra. This upgrade comes when Ethereum’s price crashed from last year’s high of $4,083 to below $2,000 today. This article looks at the Pectra upgrade and identifies some of the best crypto to buy, including PepeX, Chainlink, and AAVE.
What is the Pectra Upgrade?
Ethereum developers hope that the Pectra upgrade and hard fork will help to make the network much better by introducing key features. It will do that by merging the Prague or the execution layer and Electra, the consensus layer.
Some of the top features are account abstraction, which allows standard wallets to perform complex operations like transaction batching and sponsored transactions without converting to full smart contract wallets.
Further, the upgrade will introduce enhanced staking by increasing the maximum stake per validator from 32 ETH to 2,048 ETH. This move will reduce the infrastructure costs used to run the network.
Pectra will also have data efficiency and scalability, smart contract enhancements, and more security features.
This Ethereum upgrade comes at a delicate time for ETH. The coin has crashed and is on the verge of moving to a record low in Bitcoin terms. The Ethereum market dominance has also dropped to the lowest level in months.
Best Crypto to Buy Today
Some of the best crypto to buy as the Pectra upgrade activates are AAVE (AAVE), PepeX, and Chainlink (LINK).
PepeX
PepeX is one of the best crypto tokens to buy today. It is a viral token that has raised over $2.2 million in its presale, and its momentum is gaining steam.
PepeX is named after Pepe, the third-biggest meme coin in the world, with a market cap of over $3 billion.
However, it is not necessarily a meme coin. Instead, it is a platform in the fast-growing tokenization industry that analysts expect will be worth billions in the coming years.
The PepeX platform will help developers create new tokens in minutes and tokenize ideas using advanced AI features. For example, a farmer in the developed or developing world will be able to tokenize their projects and generate a return in easy steps.
Similar launchpads have achieved a lot of success lately. A good example of this is Virtuals Protocol, which lets users generate AI agents. VIRTUAL, its token, has soared, bringing its market cap to over $1 billion.
One advantage of PepeX versus other token sales is its tokenomics in that insiders are allocated just 5% of the tokens, with the rest going to the community. You can buy the PepeX token here.
AAVE (AAVE)
AAVE is another top crypto to buy as the Pectra upgrade activates. It is the biggest player in the decentralized finance industry with over $20 billion in assets.
AAVE is a good coin to buy because it has been tested and proven resilient. It survived the COVID-19 pandemic, the collapse of FTX and Celsius, and most recently, it survived during the crypto crash of earlier this year. It also has strong technicals, including the formation of a falling wedge pattern on the daily chart as shown below.
Chainlink (LINK)
Chainlink is a top crypto to buy because of its strong fundamentals. As we wrote here, the developers have partnered with top companies like UBS, Swift, and ANZ Bank to take part in the tokenization industry. It is also the biggest oracle network in the crypto market by far, making it a vital infrastructure provider.
Chainlink price has also formed a giant megaphone pattern, pointing to a strong surge in the coming months.
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