Market Update: Crypto Market Cap Recovers, Bitget and Hedera Lead the Charge
The broader crypto market is slightly recovering after its market cap dropped from $3.77 trillion to $3.13 trillion between December 17th and 20th.
Today, the crypto market cap stands at $3.31 trillion, but Hedera (HBAR) and Bitget (BGB) are some of the few tokens that stand out in a sea of red. Both are up over 20% in the last day.
However, established coins lack the explosive potential of tokens that are gearing up for launch, and Best Token (BEST) is grabbing attention as its presale gains momentum. With over $5.5 million raised and a unique role in Best Wallet’s ecosystem, it stands a solid shot at making significant gains on launch.
Bitget Secures a Strategic Partnership With TRON, Hedera Seeks to Transform Consumer Engagement
Bitget is already a top-tier exchange with a customer base of more than 45 million users and a daily volume that exceeds $10 billion. Its native token, BGB, is now recording new highs following a strategic partnership with TRON, which revolves around TRON’s meme coin launchpad, SunPump.
The partnership will see Bitget’s support for projects launched on SunPump, such as expedited listings and post-listing marketing, which can increase the visibility of these coins and allow Bitget’s users to invest in them.
The news led to an explosion in BGB’s price, which had a rough week that saw it plummet from $4.87 to $3.66 amidst the market-wide downturn. Today, BGB reached a new ATH at $4.97, and its technical indicators signal it could keep the momentum.
HBAR was one of the few altcoins that missed the market-wide rally in November following the US Election Day, but it saw its price skyrocket in early December when it reached a one-year high at $0.3891.
Although its price dropped since, entering this week at $0.2898, HBAR is now priced at $0.3112, following a presentation by Xiang Xu, Mondelez’s leader for digital strategy and blockchain, which outlined the company’s goal to leverage Hedera as they take a step toward a digital transformation.
HBAR is now up 131% over the past month.
Best Wallet Token a Smart Play for 2025 Altcoin Season?
As BGB soars, another platform utility token that’s catching eyes is BEST token, the native coin for Best Wallet.
Best Wallet is a rapidly growing Web3 wallet that’s leveraging its cutting-edge security and interesting features to achieve its goal of capturing 40% of the non-custodial wallet market by the end of 2026. The wallet already has over 100,000 monthly users despite being relatively new, and has now launched its BEST token presale and already raised over $5.5 million.
Currently, the wallet lets its users swap tokens across 50+ chains using its Best DEX feature, access presales in their early stages with Upcoming Tokens, use multiple wallets, and more. The project’s roadmap reveals Best Wallet’s intentions to add derivatives trading, a crypto debit card, an NFT library, a staking aggregator, and numerous other features as it expands.
Those holding BEST will enjoy various benefits, including lower transaction fees on Best DEX and Best Card, and exclusive alpha access to upcoming presales.
To maximize their returns, investors can earn additional BEST by staking their tokens and participating in Best Wallet’s airdrop campaign. The project’s staking APY currently stands at 405%, and participating in the airdrop campaign requires investors to interact with Best Wallet’s X (Twitter) page and complete daily and seasonal quests.
According to an audit by Coinsult, there are no critical threats to investor funds, and with 10% of its total token supply allocated to liquidity, BEST is reducing the risk of market manipulation, fostering a safe trading environment.
Investors don’t have long to secure BEST at its current price of $0.23325, as it is scheduled to increase tomorrow.
Conclusion
In conclusion, the crypto market is showing signs of recovery, with Bitget and Hedera leading the charge. Established coins are struggling to keep up with the explosive potential of tokens gearing up for launch, and Best Token is a smart play for 2025 altcoin season. With its unique role in Best Wallet’s ecosystem and presale gains momentum, BEST is poised to make significant gains on launch.
FAQs
Q: What is the current market cap of the crypto market?
A: The current market cap of the crypto market is $3.31 trillion.
Q: Which tokens are leading the charge in the current market recovery?
A: Bitget (BGB) and Hedera (HBAR) are two tokens that are leading the charge in the current market recovery.
Q: What is the significance of the partnership between Bitget and TRON?
A: The partnership between Bitget and TRON will see Bitget’s support for projects launched on TRON’s meme coin launchpad, SunPump, which can increase the visibility of these coins and allow Bitget’s users to invest in them.
Q: What is the current price of BEST token?
A: The current price of BEST token is $0.23325.
Q: How can investors earn additional BEST tokens?
A: Investors can earn additional BEST tokens by staking their tokens and participating in Best Wallet’s airdrop campaign.
Q: What is the staking APY of BEST token?
A: The staking APY of BEST token is currently 405%.
