Crypto prices dipped on Thursday due to hot PPI data, and the US Treasury Secretary Scott Bessent saying there are no plans to buy Bitcoin. Both developments dampened previously held optimism for this week, although it appears that the market may quickly shrug off the setbacks.
That’s because traders continue to price in an interest rate cut in September, and Bessent later clarified his statement, saying the U.S. government will keep exploring “budget neutral” strategies to buy Bitcoin.
Meanwhile, the altcoin market is heating up. CoinMarketCap’s Altcoin Season Index has risen 12 points in the past week, from 33 to 45. This clearly signals that altcoins are gaining momentum relative to Bitcoin, a trend supported by top centralized exchange Coinbase, which predicts a “full-scale altcoin season” in September.
Despite some light selling on Thursday, the crypto market maintains its bullish outlook over the longer term, so smart traders are ignoring short-term noise and looking for the best crypto to buy for maximum gains in the upcoming altseason.
Market Conditions Suggest a Shift Toward Altcoin Season
Bitcoin dominance has fallen to a six-month low, and the altcoin market capitalization has increased 50% since July, which indicates an altcoin season is approaching, said Coinbase researchers.
“We think current market conditions now suggest a potential shift towards a full-scale Altcoin Season as we approach September,” wrote David Duong, Coinbase’s Global Head of Research, in a monthly report on Thursday.
The firm defines an Altcoin Season as a period when 75% of the top 50 altcoins outperform Bitcoin, and it describes CoinMarketCap’s model as “largely subdued” at its current score of 45.
However, Bitcoin’s market dominance declined from 65% in May 2025 to around 59% in August 2025, indicating altcoin strength and setting the stage for a September altcoin season, the report states.
Duong also emphasized that there is “significant retail capital sitting on the sidelines” and that the Federal Reserve could “unlock greater retail participation in the medium term.” As mentioned, traders continue to price in a September rate cut despite hot PPI data, with CME’s FedWatch tool indicating a 92.6% chance of a cut.
The shifting market dynamics – Bitcoin dominance falling, rising altcoin valuations, and the likelihood of a September rate cut – all point toward an upcoming Altcoin Season. Rather than worrying about Thursday’s short-term setback, smart traders are using the opportunity to buy crypto assets at a discount before prices start to explode.
With that in mind, let’s explore three cryptos that could perform best in the months ahead.
Bitcoin Hyper
Bitcoin Hyper is a Bitcoin layer 2 blockchain built using Solana Virtual Machine (SVM) tooling and ZK rollups. It’s the first of its kind, and its setup is expected to be cheaper, faster, and more secure than any other Bitcoin scaling solution on the market.
Furthermore, because Bitcoin Hyper uses SVM, Solana developers can easily port their apps or tokens to the network in minutes without wrappers or needing to learn new programming languages.
Clearly, Bitcoin Hyper occupies a highly unique position. It provides the Solana ecosystem with access to Bitcoin’s secure and liquid infrastructure, while also delivering Solana’s speed and active developer community to Bitcoin.
The project is currently in a presale, where it’s gaining significant momentum, having raised over $9.6 million.
It has recently been averaging over $500,000 in daily inflows. This makes it one of the fastest-growing presales on the market, which indicates massive price potential once it hits exchanges. Visit Bitcoin Hyper.
Lido DAO
Lido DAO is a platform built on Ethereum that offers liquid staking services, enabling users to earn yield on their $ETH without operating their own validator nodes.
The project also provides users with synthetic staked tokens (stETH) that represent their staked assets plus earned rewards, which can be used across DeFi protocols while the underlying ETH remains staked.
Coinbase’s report highlights LDO as the top-performing Ethereum beta investment, noting it achieved a 58% gain this month. However, it notes that the asset’s value was also helped by new SEC guidelines stating that liquid staked tokens are not securities.
Currently, Lido DAO’s total value locked (TVL) is at $40.9 billion, which marks a new all-time high (ATH). Despite that, LDO’s market cap remains below 50% of its February 2024 ATH, indicating there is plenty of room for growth.
Best Wallet Token
Best Wallet Token is well-positioned for significant gains during Altcoin Season. It’s an early-stage project with a strong use case and a massive community. The project is a multi-chain crypto wallet supporting over 50 blockchains and offering a suite of integrated tools.
Its core features include a crypto debit card, presale aggregator, cross-chain DEX, and a futures trading platform. Holding the $BEST token grants trading fee discounts, higher staking yields, voting rights, and access to promotions on partner projects.
The wallet is already operational with over 500,000 users, yet investors can still buy $BEST at the ground floor via its ongoing presale, which has raised over $14 million.
This makes it one of the largest presales happening now, highlighting the significant growth potential during Altcoin Season. Visit Best Wallet Token.
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