The crypto market is painted green right now – hinting that “altcoin season” might be just around the corner.
Bitcoin is trading above $81,000, while Solana and Sui have posted double-digit gains in the past week.
Meanwhile, the buzz around presale project Flockerz just keeps growing, proving that investors’ appetite for low-cap gems is back in full force.
Solana & Sui Rally as Crypto Conditions Flip Bullish
Solana is leading the altcoin race, breaking through resistance to hit $216.
That’s its highest level since the 2021 bull run.
With a 34% jump in the past week, SOL hasn’t just pumped – it has solidified its spot as the fourth largest crypto, overtaking BNB in market cap.
Open interest has also hit a record $3.5 billion, showing traders are all-in on Solana’s momentum.
Meanwhile, Sui is having its own bull run.
The Layer-1 blockchain has reached a new all-time high of $3.28, building on its impressive run that began in early August.
SUI’s market cap has grown to $9.2 billion, landing it in the top 15 cryptos worldwide.
Crypto analyst The CryptoBull is optimistic about the token’s prospects.
He posted a price chart on Twitter suggesting SUI could rise as high as $25 by April 2025.
Ultimately, for both Solana and Sui, the strong price action hints that things are really heating up.
And that there might be a lot more upside to come.
Is Altcoin Season Here? Bitcoin’s Rally Sets Stage for Huge Gains
The big moves in Solana and Sui might be just the warm-up for a full-blown altcoin season.
With Bitcoin hitting a new all-time high above $81,000, the stage is set for traders to shift profits from BTC into higher-risk altcoins.
That’s a classic setup we’ve seen in past cycles.
In previou
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Author: Felix Mollen
