Kevin Svenson, a cryptocurrency trader with 83.3K YouTube subscribers, has published some interesting insights about the $OTHERS chart.
As Svenson’s graph illustrates, 2024 was marked by a sharp fall in the crypto market cap, followed by a brain-melting 140% rally.
Svenson said that the 140% rally coincided with the time when both Bitcoin and the S&P 500 index made fresh all-time highs.
Similarly, the S&P 500 index has seen a rally of around 20% since mid-April and is only 1.15% away from a new all-time high.
Both $BTC and the S&P index aren’t too far away from fresh highs, which Kevin expects will push the market cap of $OTHERS to $570B (a nearly 150% increase from its current market capitalization of $229B).
It will do so by building a new Layer-2 (L2) solution that integrates the Solana Virtual Machine (SVM) and a Canonical Bridge to seamlessly support $BTC transfers between the Bitcoin L1 & Hyper’s L2.
The wrapped $BTC that Hyper mints on the L2 can be used to speed up transactions, reduce gas fees, and support complex operations. In other words, it’s paving the way for Bitcoin-compatible NFTs, yield farming, and DeFi services.
The benefits of becoming a $BTCBULL owner include getting a chance to participate in Bitcoin’s price surge and winning free $BTC.
Additionally, the developers will also burn a part of the total token supply with rising Bitcoin prices. Every time $BTC is up $50K (such as when reaching $125K, $175K, and $225K), the BTC Bull Token’s supply will go down.
By creating an urgency among potential investors to buy $BTCBULL before Bitcoin hits new all-time highs, the token has masterfully planned to spike its demand and price alongside Bitcoin’s.
CZ’s Dog ($BROCCOLI) is the first major meme token on BNB, carrying forward the legacy of the most successful dog meme coin of 2025.
$BROCCOLI, in case you’re wondering, is based on the pet dog (called Broccoli) of Binance’s ex-CEO, Changpeng ‘CZ’ Zhao.
It all started when CZ engaged in a fun banter on X, where he not only approved the idea of meme coins but also expressed his desire to launch a meme coin based on his own pet dog.
The crypto community was quick to pick up the pictures he shared of Broccoli and launched several $BROCCOLI tokens.
Some of the most successful ones recorded over 1,000% gains in just over a week, and while CZ’s Dog has a long way to go before it could compete against its dog-themed predecessors, the fact that it’s the only major dog meme coin on BNB has been working in its favor.
With both $BTC and the S&P 500 index nearing new all-time highs, expert traders like Kevin Svenson believe that the next altcoin season is just around the corner.
However, bear in mind that investments in crypto are highly risky. Our article here is not financial advice, so kindly do your own research before jumping in.
