As is often the case, a sneeze by Bitcoin has had altcoins catch a flu in recent weeks. In the same breath, the anticipated recovery has savvy investors looking out for viable altcoins that will have them rake in hefty profits in the year’s last quarter.
Bitcoin Dogs, a meme coin indirectly pegged to BTC, tops this list. At the same time, Sui has been boosted by the expected launch of a related gaming device even as market volatility yields resistance for BNB price.
Bitcoin Dogs continue to move in tandem with BTC
Bitcoin Dogs, the first ICO on the Bitcoin network has maintained its hype even after the presale. Based on its credibility and growth potential, it is no wonder this dog-themed meme coin raised $13.5 million in 30 days. It is already listed in crypto exchanges like Gate.io and MEXC, which each record over a billion in daily trading volumes.
Besides, the meme coin is softly pegged to the king of crypto – Bitcoin. As such, the anticipated recovery of Bitcoin is set to be reflected on Bitcoin Dogs price action.
Granted, BTC may continue to experience rough rides before the bull run takes off. The crypto fear & greed index remains on ‘fear’ as has been the case in recent weeks. Concerns over the health of the US economy, coupled with the large Bitcoin outflows from exchanges, have contributed to the bearish trend. What’s more, the excitement surrounding ‘Bitcoin halving’ failed to translate to an uptrend.
Even with these stormy conditions, a rainbow appears in the horizon. In fact, the surge in outflows in not necessarily a negative thing. While it has impacted the market sentiment, it points more towards institutional involvement rather than transfers by retail investors. It could mean transfer of the asset to private wallets as the whales anticipate a surge in price.
Besides, the resultant decline in supply and increase in demand is set to boost BTC price. When that happens, Bitcoin Dogs is set to record a surge in value given the historic correlation between BTC and altcoins. With that in mind, savvy investors understand that now is the best time to own 0DOG tokens. At its current price of $0.01452, it offers an irresistible opportunity of using a modest investment to secure hefty profits in the long term. You can learn more about Bitcoin Dogs here.
Sui surges by over 120% as bullish momentum builds
In the past 24 hours, Sui price has been up by 15.3%. This performance has been on for weeks now, with the altcoin rising by 25.2% in the past 7 days. In comparison, Bitcoin and Solana have risen by 1,7% and 1.8% over the past 7 days respectively.
Evidently, it has been one of the best performing cryptocurrencies. After dropping to its lowest level YTD in early August, it has rebounded by over 120%. Furthermore, as indicated by Coingecko, its 24-hour trading volume was at over $530 million with the likes of Shiba Inu and Dogecoin being at $222 million and $553 million respectively.
Apart from the overall market sentiment, the launch of SuiPlay 0X1 in the first half of 2025 is set to further boost Sui price. This Web3 gaming device will be the first of its kind and is already available on preorder at $600. With this, the bullish momentum is expected to remain steady. More specifically, it is likely to retest its all-time high of $2.18 in coming months.
BNB’s bullish momentum capped by market sentiment
Amid the choppy market conditions that have shaped the broader crypto sector recently, BNB price has been trading in green for five out of the past six sessions. It has been up by 5.7% in the past 24 hours and 7.4% in the last 7 days. Furthermore, as seen on Coingecko, its daily trading volume was over $1.06 billion.
Even with these figures, market volatility remains a major headwind for the altcoin. A look at its daily chart shows it facing resistance at a significant level of $550. Even with the possible breaking of this resistance, the psychological level of $600 bears the main test.
Notably, the range between $550 and $600 has been a main consolidation point for BNB price in 2024. If it is to retest the all-time high hit on 6th June at $723, it will need to gather enough market confidence to rally and break the resistance at $600.
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