The crypto market bounced back this week, with Bitcoin surging to a record high and the total valuation of all coins reaching over $3.5 trillion.
Traders are betting on a new crypto bull run that will push Bitcoin (BTC) to $150,000 and most altcoins higher.
Altcoins likely to do well in the new altcoin season are those with strong fundamentals and technicals. This article compares Polkadot (DOT) and Berachain (BERA), highlighting the best one to buy and the one to sell or avoid. and highlights the best one to buy and the one to sell or avoid.
Crypto to buy: Polkadot
Polkadot is one of the most contrarian crypto assets to buy in this bull run. It offers a staking yield of 11.5%, significantly higher than most layer-2 cryptocurrencies, including Ethereum (ETH), TRON (TRX), and Solana (SOL).
In addition to strong fundamentals, the main reason DOT is a good buy is that it has remained in a three-year consolidation between $3.76 and $11.33.
This consolidation resembles the pattern Monero (XMR) followed over the past two years before its eventual surge. DOT appears to be in the accumulation phase of the Wyckoff Theory, which is typically followed by a markup phase. Markup is characterized by higher demand than supply.
DOT has also formed a triple bottom at $3.76, a level it has not dropped below since 2023. Therefore, the most likely outlook is a rebound to at least $11.32, a gain of 132% from the current level. A move above that price would signal further upside, potentially to the 50% retracement level at $30, an increase of 500% from its present value.
Crypto to sell: Berachain
Berachain is one of the top crypto to sell because of its fundamentals and technicals. Fundamentally, there are signs that its network is not doing well, as the total value locked has slumped by 43% in the last 30 days to $3 billion.
The market cap of all stablecoins in the ecosystem has fallen from over $1.6 billion earlier this year to $300 million today, signaling a slowdown in growth.
Berachain is also set to begin monthly token unlocks in February next year, continuing through March 2028. Token unlocks increase supply and can pressure a coin’s price, especially when demand is not keeping pace.
BERA has dropped below the 50-period moving average on the eight-hour chart. It has also formed a small rising wedge pattern, suggesting a potential drop to the all-time low of $2.70.
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