The Bitcoin price could be on the verge of a strong bullish breakout in July, following the formation of cup-and-handle and bullish flag patterns, and as ETF inflows surge.
A surge in Bitcoin (BTC) above its all-time high of $111,900 will likely spark further gains among altcoins. That’s because, historically, many altcoins do better than BTC when it is in a strong uptrend.
This article explores three top altcoins to buy for huge gains if Bitcoin price breaks out above its all-time high of $111,900.
Sei
Sei (SEI), a layer-1 network, is one of the best altcoins to buy for substantial gains if Bitcoin rallies. It has strong fundamentals and technicals that may help to drive the surge.
Fundamentally, Sei is one of the top blockchains being considered by Wyoming for its stablecoin. A win would be a highly bullish thing for the coin because it will vindicate its model.
Sei has become the biggest chain in the gaming industry, overtaking other gaming-focused chains like Ronin and Immutable. More data shows that its daily active addresses have jumped by 27% to 581,000.
Nansen data reveals that its active transactions jumped by 136% in the last 30 days to nearly 40 million.
Technicals suggest that the Sei price has more upside now that it has surged above the 23.6% retracement level and the 50-day moving average. If this happens, it may jump by 50% to $0.4370.
Binance Coin
Binance Coin (BNB) is another top altcoin to buy if Bitcoin makes a strong bullish breakout. It has some of the best fundamentals in the crypto market today.
For example, BNB Chain’s monthly transactions increased by 152% in June to over 420 million, surpassing Ethereum (ETH), which had 41 million transactions.
BSC Chain also became the most active networks in the decentralized exchange industry. It had its best month ever, handling over $150 billion, surpassing the combined total of Solana and Ethereum.
BNB token also has a high staking yield of 8%, also higher than its closest competitors. As crypto.news reported on Monday, technical indicators suggest that it has more upside, potentially reaching the year-to-date high of nearly $700.
Hyperliquid
Hyperliquid (HYPE) is another top-quality altcoin to buy because of 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%. In contrast, Jupiter and Apex Protocol, and RabbitX networks handled less than $20 billion each.
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, passing Cardano’s $31 million.
Therefore, these fundamentals, together with HYPE’s high staking yield, will likely push its price higher.
Other quality altcoins to buy
There are many other altcoins to buy if Bitcoin makes a bullish breakout. Popular meme coins like Dogwifhat and Fartcoin will lead the charge, while utility altcoins like Quant and Chainlink will also jump.
