Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Bitcoin’s surge to $100k sets the stage for altcoin season, with BEST, SUI, and WIF primed for massive breakouts.
With Bitcoin hitting $100k, experts anticipate wealth rotation into altcoins, sparking an explosive altcoin season in the forthcoming weeks.
Three of the projects displaying the most potential are Best Wallet (BEST), Sui (SUI), and Dogwifhat (WIF).
Bitcoin hits ATH but dominance collapses
While Bitcoin holders are euphoric about the landmark price surge beyond $100k, traders are increasing their position sizes in alternative crypto assets.
Bitcoin Dominance, the measure of Bitcoin’s share in the crypto market, has decreased 10% since its highs in mid-November, crashing to 55%, a level last seen in July.
Bitcoin is trading at $98K, up 1.73% this week and 30.8% this month.
The fall of Bitcoin Dominance while its price rallies display significant strength within the altcoin market, which is why top analysts suggest an altcoin season is incoming.
Altcoin seasons are periods in which alternative crypto assets outperform the market leader – and they’re typically the periods where everyday investors generate the most gains.
As we approach the next altcoin season, Best Wallet, Sui, and Dogwifhat display signs of massive breakouts with fundamental and technical strength.
Best Wallet raises $2.4 million
Best Wallet token is a viral presale for a next-generation crypto wallet.
The wallet is already up and running, providing features such as Best DEX, which connects to over 200 exchanges to get users the best price, alongside “Upcoming Tokens,” which offers early access to vetted presales.
Upcoming Tokens recently listed Catslap, which exploded over 50x, providing Best Wallet users with massive gains.
Best Wallet is set to go multichain soon and add support for over 60 networks, including Bitcoin, Solana, Ethereum, Injective, and more.
The project will also launch Best Card, a debit card that lets users spend their crypto in-store.
The BEST token is the centerpiece of all this, providing trading fee discounts, higher staking yields, and exclusive access to advantages on partner projects.
After launching in November, the Best Wallet presale has raised over $2.4 million, illustrating a strong market appeal and significant momentum. As such, the token is firmly poised for a massive breakout when it lists on the open market.
Sui shows strength after TRX run
Capital is seemingly moving from Bitcoin to layer 1 blockchain coins first. Ethereum, XRP, and Tron have all seen strong upticks recently, but Sui could be next.
TRX exploded over 80% on December 4 but has slowed down today, with Sui gathering momentum to close the gap on its weekly performance.
As mentioned, wealth typically rotates throughout assets, and for those who made profits on Tron, Sui is a logical next step.
Sui’s ecosystem is thriving, with its total value locked (TVL) recently reaching a new all-time high (ATH) of $1.75 billion.
Similarly, the SUI token value has entered price discovery, currently at $4.28. Given its recent momentum, this breakout could gain even more strength in the weeks ahead, potentially rivaling the gains provided by Tron. Sui is up 13% today and 25% this week.
Dogwifhat reclaims Solana throne
Dogwifhat may be preparing for the next leg in its bull rally.
WIF has traded sideways after peaking at a local top in mid-November, but Bluntz, a prominent analyst says it will see a strong uptick. The analyst noted that WIF is trading inside an “accumulation zone” but is displaying real strength and is potentially moments away from an explosive breakout.
WIF’s sideways performance allowed its Soloana-based rival Bonk to overtake its market cap and become the ecosystem’s largest meme coin. However, Dogwifhat’s recent rise has pushed it to retake its throne. It is now worth approximately $200 million more than Bonk.
WIF is currently trading at $3.45, up 5.9% today, 9.1% this week, and 39% this month.
For more information about BEST, visit their website.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
