During uncertain market periods, cryptos that perform strongly stand out and attract even more buyers than usual. This week, Pyth Network (PYTH) has become the star of the show with a 75% gain in the last 24 hours after announcing a partnership with the US Department of Commerce. Meanwhile, Ethereum (ETH) is dealing with a 5% daily dip – and Bitcoin (BTC) is threatening to break below $110,000.
Potentially bearish phases also drive extreme demand for crypto wallets and their native tokens, which is why the presale for Best Wallet Token (BEST) has now broken the $15 million mark. Serious crypto believers are funneling their funds into long-term storage products like Best Wallet, which in turn makes wallet tokens more valuable for power users.
Bearing this in mind, let’s dive into the story behind PYTH’s price explosion, and learn more about a trending altcoin that could outperform the market this quarter.
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Will PYTH Hit $1 After Its Latest Price Spike?
Although Chainlink (LINK) still dominates the decentralized oracle network (DON) sector, which is comprised of Web3 projects that connect data feeds and off-chain computation services to blockchains and smart contracts, Pyth Network is one of Chainlink’s closest competitors. In 2025, Pyth Network’s DON market share has increased to 13%, while Chainlink remains ahead with 67%.
This indicates that the PYTH token has a lot of potential upside – and it’s also worth noting that PYTH’s market cap is hovering at $1.1 billion after this week’s 75% price surge, while LINK still has a market cap of almost $16 billion despite its value dipping in line with the majority of other cryptos.
To assess the full impact of PYTH’s latest move, it’s best to examine the token’s weekly price chart.
Following an official announcement that Pyth Network will work with the US government to bring US economic data on-chain via Pyth oracles, the PYTH price exploded by 75%. Since the coin had been struggling since February to recover from its Q1 dip, PYTH is also up around 70% in August, and around 77% higher versus this time last week.
As PYTH’s weekly chart shows, this coin has a massive amount of room for more gains. It’s still in a descending triangle chart pattern that formed last December (with bulls eyeing a breakout), and its Relative Strength Index (RSI) is far below overbought levels. $0.30 could be achievable by the end of 2025 – and $1 could follow next year if PYTH’s bullish strength persists. This would equate to a 5x gain, meaning that PYTH could surge even further as it continues competing with Chainlink.
That said, PYTH holders will need to exercise both caution and patience – and also remember that the broader market looks decidedly bearish right now. Therefore, the smartest investors are focusing on crypto wallet tokens like Best Wallet Token (BEST) instead.
Best Wallet Token Presale Breaks $15M Despite Market Dip
The concept of holding on for dear life (“HODLing”) is one of the Web3 space’s most fundamental tenets. It’s particularly important at points where the wider market turns from bullish to bearish, and traders and investors run the risk of panicking or prematurely declaring a “bear market.” In order to manage their emotions and protect their investments, crypto veterans usually prefer to store their coins in self-custody wallets like Best Wallet – a relative newcomer to the industry that already has over 500,000 users.
Best Wallet has set itself apart by merging a beginner-friendly mobile app interface with cutting-edge security (including multi-party computation technology provided by Fireblocks) and a host of integrated extra features. While most wallets only allow users to send and receive crypto, Best Wallet includes its own DEX, dApp access, and even a crypto launchpad called “Upcoming Tokens,” where investors can join trending presales from carefully vetted Web3 projects.
By holding Best Wallet Token (BEST), users can benefit from lower fees, better staking yields, early presale access, governance votes, and more. BEST is currently available for $0.025545 per token through its ongoing presale, which has raised over $15 million while garnering praise from top influencers like Web3Signal (145,000 subscribers).
The Best Wallet Token presale’s latest milestone achievement demonstrates the evergreen popularity of crypto wallet tokens, and their ability to thrive even when market sentiment starts turning negative. Early BEST buyers can also stake their tokens for APYs of up to 88%, opening up a new way to grow a portfolio via passive income rewards.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.
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