Altcoins Poised for 50% Gains as Bitcoin Bullish Breakout Looms

Bitcoin's price is anticipated to experience a strong bullish breakout in July, driven by the formation of cup-and-handle and bullish flag patterns, as well as surging ETF inflows. Historically, many altcoins have outperformed Bitcoin during its strong uptrends, making them attractive investment options.

Sei (SEI), a layer-1 network, is highlighted as one of the top altcoins to consider for substantial gains if Bitcoin rallies. Sei's strong fundamentals and technical indicators suggest significant potential for growth. The network is being considered by Wyoming for its stablecoin, which could be a highly bullish development. Sei has also become the largest chain in the gaming industry, surpassing competitors like Ronin and Immutable. Its daily active addresses have increased by 27% to 581,000, and active transactions have jumped by 136% in the last 30 days to nearly 40 million. Technically, Sei's price has surged above the 23.6% retracement level and the 50-day moving average, indicating potential for a 50% jump to $0.4370.

Binance Coin (BNB) is another top altcoin to consider if Bitcoin makes a strong bullish breakout. BNB Chain's monthly transactions increased by 152% in June to over 420 million, surpassing Ethereum. BSC Chain also became the most active network in the decentralized exchange industry, handling over $150 billion in transactions. BNB token offers a high staking yield of 8%, and technical indicators suggest potential for reaching the year-to-date high of nearly $700.

Hyperliquid (HYPE) is another top-quality altcoin to buy due to its growing market share in the perpetual trading and layer-1 industries. Its perpetual exchange handled over $216 billion in transactions in June, giving it a market dominance of over 60%. Hyperliquid’s layer-1 network had a total value locked of $2.17 billion, up by 33% from the previous month. Its stablecoin supply jumped to over $3.27 billion, surpassing Cardano’s $31 million. These fundamentals, along with HYPE’s high staking yield, are likely to push its price higher.

As Bitcoin's price is poised to break out, investors are turning their attention to altcoins that could see significant gains. HYPE, ARB, and SKY are being closely watched by whales, who are known for their significant market influence. The moves of these whales could drive prices higher in the coming month. BNB is aiming to secure the $647 support level ahead of the Maxwell hardfork, which promises faster transactions and could boost investor confidence. Polygon (POL) is also positioned for growth, although specific details on its potential gains are not provided.

Aethir (ATH) and Omni Network (OMNI) are also on the radar. Aethir is a decentralized GPU infrastructure project, while Omni Network is a layer-1 blockchain designed for modular chains. Both projects have the potential to outshine Bitcoin in the coming months. Ripple (XRP) and Binance Coin (BNB) are also recommended for early July investments, having experienced significant price movements in recent months. Additionally, Sonic, Algorand, and Ethena are highlighted by analysts as promising altcoins that could deliver major upside in the coming months.

Sui, a leading layer-2 network, is preparing for a significant token unlock on July 1, which could trigger price volatility. Technical indicators suggest that Sui's price could remain weak, with traders focusing on the $2 support level. Sonic, formerly known as Fantom, is also preparing for a token unlock in July, which will release over $73.7 million worth of tokens. The price of Sonic has been on a downward trend, and technical indicators suggest that it could continue to decline, with sellers eyeing the next support level at $0.20.

Overall, the altcoin market is poised for significant movements in July, with several projects showing strong potential for growth. Investors should closely monitor these developments and consider adding these altcoins to their portfolios as Bitcoin's price breaks out.