Crypto capital rotations have been swift this cycle. Even if a coin may have increased 10x to 20x in one month, that’s only paper profits until investors actually sell, and many are learning this the hard way.
In the past 24 hours, Aster, one of the hottest new projects in the space, has dropped 13%, bringing its loss to 34% from its all-time high (ATH) just 16 days ago. This comes after an impressive run in early September, when it surged by over 2,000% in just a few days.
As traders take profits, many are eager to find the next cryptocurrency to explode, and there are whispers that it may be Best Wallet Token (BEST). The project is building an entire DeFi ecosystem within a single Web3 wallet app.
But what’s most important is that it supports over 90 blockchains, including BSC, Bitcoin, Ethereum, Solana, and XRP. This helps negate the fragmentation issue that may have contributed to ASTR’s demise this week.
Currently, investors can purchase BEST at a ground-level price through its ongoing presale. It has already raised $16.4 million, indicating strong investor interest and potentially setting the stage for high demand once it is listed on exchanges. Let’s explore what Best Wallet Token is all about and why some experts suggest it is the best crypto to buy now.
What does Best Wallet Token do?
Rather than just being used to store tokens, Best Wallet is like a full-fledged DeFi ecosystem, bringing together all the tools you previously needed multiple apps to access. It features a cross-chain DEX, a futures trading platform, a presale launchpad, a staking aggregator, fiat on- and off-ramps, and even a crypto debit card with up to 8% cashback.
The idea is that this will simplify the user experience and encourage on-chain adoption. It aims to feel more like using a top centralized exchange, such as Coinbase, rather than the usual clunky on-chain transaction process.
At its core is the Best Wallet Token, which offers trading fee discounts, higher staking yields, governance rights, and access to promotions on partner projects. This means BEST plays a key role in rewarding users and driving the growth of the entire ecosystem.
Best Wallet’s multichain capabilities hedge against ecosystem risk
Aster’s rise was remarkable, emerging seemingly out of nowhere into one of the most respected DeFi tools in the space. However, after experiencing a 2,000% gain, its expansion began to slow, and then came the final blow on Thursday when BNB coin dropped around 5%, causing widespread disruption across the Binance Smart Chain (BSC) ecosystem.
For Aster, this was poor timing. It was already near critical support levels, and the pullback across BSC pushed it below key marks, leading to liquidations and a sharp selloff. This highlights the uncomfortable truth that many tokens face ecosystem risk – when liquidity and attention shift, tokens within the losing ecosystem suffer.
However, Best Wallet’s multichain capabilities help offset this issue. By supporting over 90 blockchains, BEST has broad exposure, making it more diversified and less dependent on any single ecosystem.
Moreover, Best Wallet’s approach could help reduce this problem for other projects, as swapping a token between BSC and Solana, or any other chains, is as easy as swapping two tokens on the same network, thanks to its cross-chain DEX. The DEX also utilizes Autorouter to access liquidity from 30 bridges and 330 exchanges, ensuring users receive the best prices on their swaps.
Best Wallet’s combination of token utility and innovative ecosystem features has attracted considerable attention lately, with Alessandro De Crypto stating that it could be the next big opportunity after Aster and Hyperliquid.
Best Wallet Token price prediction: Can BEST 100x?
Best Wallet provides unique exposure within the cryptocurrency market, functioning as both a wallet and a comprehensive DeFi tool. This makes its potential difficult to gauge – Trust Wallet token is valued at $640 million, while perp DEX tokens like Aster and Hyperliquid are worth billions.
Either way, since the project has raised $16 million, there’s still plenty of untapped potential once it enters the open market. That’s why some experts, such as Borch Crypto, believe that BEST could deliver 100x returns.
The outlook for Best Wallet Token is promising. Aster is declining, and there’s a noticeable gap in the market for an interoperable DeFi tool. Whether BEST will generate 100x returns remains to be seen, but one thing is certain: this is a project worth watching closely in Q4.
Visit Best Wallet Token Presale
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