Altcoins Pumping as Sui, Uniswap Rise 20%+, Expert Tips Best Wallet Token to Explode

The crypto market is on fire again – with “altcoin season” potentially here.

Bitcoin has pushed back above $100,000, although smaller coins are making the biggest moves.

Layer-1 project Sui and DeFi staple Uniswap are both up over 20% in the past day.

And they’re not alone – with one crypto expert tipping the new Best Wallet token to explode in early 2025.

SUI Price Surges 35% – What’s Driving the Rally?

Sui is having a massive day, with its price up 32% to $4.79 and nearly hitting $5 for the first time.

The token’s momentum took a hit late last week, but it has bounced back, pushing above a $14 billion market cap.

That makes SUI the 16th largest crypto in the world.

What’s really drawing attention is the high trading volume the token is generating – SUI just passed Chainlink to crack the top 10 most traded coins.

🎉 Today, Sui's total DEX volume broke $35,000,000,000

AND

🎉 set a new 24-hour record for DEX volume: more than $466,000,000!

Builders and users continue to push the boundaries of Sui DeFi – and we're just getting started. pic.twitter.com/LmBuc9EdOx

— Sui (@SuiNetwork) December 11, 2024

Behind the scenes, a couple of big moves are driving the rally.

Backpack, a popular crypto exchange and wallet, was integrated with the Sui blockchain yesterday.

That news alone sent SUI rising as traders got excited about new projects coming to the network.

Then there’s the explosion in trading – Sui’s DEXs just hit $35 billion in total volume, with a single-day record of $466 million, showing just how much action the network is seeing.

UNI Price Jumps 21% After Uniswap Adds BinancePay Integration

Uniswap isn’t letting Sui steal the spotlight.

The UNI token is up 21% to $18.48, and there’s plenty for traders to be excited about.

After bouncing off support at $15 and breaking above the 50-period EMA, UNI is looking strong and closing in on last weekend’s peak, with just 6% left to go.