Bitwise CIO dey see Altcoin Season; Dem pick BEST, HYPER, ENA

Institutional investors dey rotate profits from Bitcoin ETFs go altcoins, wey signal say altcoin season don start. Bitwise CIO Matt Hougan talk say Bitcoin fit reach $200,000 by end of year, and e highlight supply-demand shock for both BTC and ETH after dem get record ETF inflows. Ethereum ETFs see over $4.4 billion net inflows for July, as blockchain company BTCS Inc. add 14,240 ETH to their holdings. Hougan identify three early-stage altcoin picks: BEST, one privacy-focused MPC-secured wallet token with cross-chain swaps and staking (pre-sale $0.0254); HYPER, Solana-VM Layer 2 for BTC wey dey offer 176% APY and smart contracts (pre-sale $0.01245); and ENA, governance token of Ethena’s USDe synthetic dollar protocol backed by ETH/BTC (recently +109% MoM). Traders fit see the current low levels as entry into this altcoin season but make dem manage risk well well.
Bullish
Dis news dey bullish for altcoins. Institutional rotation from Bitcoin ETFs go altcoins, plus big big ETH ETF inflows and BTCS direct buy dem dey show say demand dey grow and supply-demand shock dey happen. Di spotlight dey on early-stage tokens like BEST, HYPER and ENA wey get high potential yields plus innovative use cases, e show say better upsides dey for medium-term. Short term, market fit get wahala as e enter, but long term traders fit enjoy the coming altcoin season.