Polkadot (DOT) vs. Berachain (BERA): Which Crypto to Buy the Dip?

The crypto market bounced back this week, with Bitcoin surging to a record high and the total valuation of all coins reaching over $3.5 trillion.

The crypto market has seen a strong rebound this week, with Bitcoin (BTC) surging to a record high and the total valuation of all coins now exceeding $3.5 trillion.

Traders are placing their bets on a new crypto bull run that will propel Bitcoin to $150,000 and most altcoins to new highs.

Among the altcoins likely to flourish in the upcoming altcoin season are those boasting strong fundamentals and technicals. This article will compare Polkadot (DOT) and Berachain (BERA), highlighting the best one to buy and the one to sell or avoid.

Crypto to buy: Polkadot

Polkadot stands out as one of the most contrarian crypto assets to buy in this bull run. It offers a staking yield of 11.5%, which is significantly higher than most layer-2 cryptocurrencies, including Ethereum (ETH), TRON (TRX), and Solana (SOL).

Apart from its strong fundamentals, the main reason DOT is a good buy is that it has remained in a three-year consolidation between $3.76 and $11.33.

This consolidation pattern is similar to the one Monero (XMR) followed over the past two years before its eventual surge. DOT appears to be in the accumulation phase of the Wyckoff Theory, which is usually followed by a markup phase. Markup occurs when demand outpaces supply.

DOT has also formed a triple bottom at $3.76, a level it has not breached since 2023. Point 3

The most likely scenario is a rebound to at least $11.32, which represents a 132% gain from the current price. A move above that price would indicate further upside potential, possibly reaching the 50% Fibonacci retracement level at $30, indicating a 500% increase from its present value.

Crypto to sell: Berachain

One of the top crypto to sell is Berachain due to its weak fundamentals and technicals.

In terms of fundamentals, there are signs that its network is not performing well, with the total value locked declining by 43% in the last 30 days to reach $3 billion.

The market cap of all stablecoins in the ecosystem has decreased from over $1.6 billion earlier this year to $300 million today, indicating a slowdown in growth.

Berachain is also set to begin monthly token unlocks in February next year, continuing through March 2028. Token unlocks increase the total supply and can put pressure on a coin's price, especially if demand is lagging.

Technically, BERA has dropped below the 50-period moving average on the eight-hour chart. It has also formed a small rising wedge pattern, which suggests a potential drop to the all-time low of $2.70.