Sui and Fantom Soar as Whales Buy More Bitcoin, What About New Altcoin BEST Token?

Sui and Fantom are flying right now.

These cryptocurrencies are suddenly back in fashion, with some pointing to renewed interest in the altcoin market as the reason.

bitcoin whales are also getting in on the action, which could set the stage for big price swings in the final weeks of the year.

In the midst of all this, the new Best Wallet token reached $2.5 million in pre-sale, positioning itself as a high-potential bet for 2025.

Sui and Fantom explode: what's behind the rise of altcoins?

SUI and FTM have been on fire in the last 24 hours.

They have made significant gains, which has helped turn the overall crypto market green again.

IUE is now at $4.12, an increase of 11% from Thursday morning.

The token rose as much as 21% today before retreating slightly.

Since yesterday, tons of traders have been seeking exposure, pushing their spot trading volumes to over $4 billion.

SUI's market capitalization has also exceeded $12 billion.

Ghost It is also doing well and is now hovering around the $1.29 level.

That's a 9% increase from Thursday, and almost $1 billion worth of FTM has been traded in the last 24 hours alone.

No one is really sure why SUI and FTM are doing so well, given that neither token has had any major news or announcements.

Their increases may simply be due to positive market sentiment.

bitcoin Whale Buying Helps Fuel Altcoin Rally

Things in the altcoin market seem to heat up every time the big bitcoin whales start making moves.

And there are some major btc purchases happening right now.

BlackRock's bitcoin Trust Now Stands $46.9 billion worth of bitcoinadding another 7,750 btc earlier this week.

But they are not alone, since Marathon Digital Holdings also joined<a target="_blank" href="https://x.com/lookonchain/status/1864856912002715786″ data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”> your btc stash.

<blockquote class="twitter-tweet”>

On-chain data shows that Marathon Digital(<a target="_blank" href="https://twitter.com/MARAHoldings?ref_src=twsrc%5Etfw” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>@MARAHholdings) acquired another 1,423 <a target="_blank" href="https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>$btc($139.5 million) in the last 6 hours!

this comes later <a target="_blank" href="https://twitter.com/hashtag/MARA?src=hash&ref_src=twsrc%5Etfw” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>#MARA announced yesterday the closing of its second convertible bond offering of $850 million, aimed primarily at the purchase <a target="_blank" href="https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>#bitcoin and partially… pic.twitter.com/t2sjjzhDNW

— Lookonchain (@lookonchain) <a target="_blank" href="https://twitter.com/lookonchain/status/1864856912002715786?ref_src=twsrc%5Etfw” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>December 6, 2024

An anonymous whale even scooped up 600 btc (worth around $58 million) when the coin's price dropped yesterday.

All this bitcoin buying is likely to contribute to positive market sentiment, especially for altcoins like Sui and Fantom.

But it makes sense.

When big players start buying bitcoin, it usually means that they are bullish on the entire cryptocurrency market, making others more comfortable investing in altcoins.

If whales continue to load btc, Sui and Fantom could continue to benefit from bullish conditions.

Best Wallet Token pre-sale takes off and reaches $2.5 million: what is your outlook for 2025?

All this excitement around altcoins has people looking for the next big thing, and many eyes are on<a target="_blank" href="https://cryptopotato.care/b_bestwalletps-en_662?referrer=sui-fantom-soar-as-whales-buy-more-bitcoin-what-about-new-altcoin-best-token” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”> Best wallet and its native BEST token.

Pre-sales for the project are gaining traction and have already raised more than $2.5 million, with hundreds of thousands entering each day.

Early investors can still get their hands on BEST tokens for just $0.022975, which many people think is a bargain.

Even big names like<a target="_blank" href="https://x.com/austinahilton/status/1862934628107251865″ data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”> Austin Hilton They are urging their followers to get involved.

<blockquote class="twitter-tweet”>

I am impressed by what <a target="_blank" href="https://twitter.com/BestWalletHQ?ref_src=twsrc%5Etfw” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>@BestWalletHQ has built for us <a target="_blank" href="https://twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>#crypto headlines!

BEST WALLET – Presale https://t.co/HF2MURQ2mP pic.twitter.com/g5fsAguceN

—Austin Hilton (@austinahilton) <a target="_blank" href="https://twitter.com/austinahilton/status/1862934628107251865?ref_src=twsrc%5Etfw” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>November 30, 2024

So why all the hype around Best Wallet?

The main reason is that it takes a different approach than established wallet apps like MetaMask.

Best Wallet works with 60+ blockchains, has its own built-in DEX and even a custom betting app for the BEST token.

This betting app currently offers annual returns of 1265%.

And if that wasn't enough, the team has made Best Wallet extremely easy to use, regardless of whether you're a cryptocurrency veteran or just starting out.

Looking ahead, the Best Wallet team has big plans, like adding an nft gallery and launching a crypto debit card.

the project technical document It even mentions offering derivatives trading options.

So, as more people look for easy ways to manage their cryptocurrencies, Best Wallet could be well positioned to meet some of this demand.

That's why the BEST token could be one to watch in 2025.

<a target="_blank" href="https://cryptopotato.care/b_bestwalletps-en_662?referrer=sui-fantom-soar-as-whales-buy-more-bitcoin-what-about-new-altcoin-best-token” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>Visit Best Wallet Token Presale

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