Altcoin Outlook: Top 5 Coins to Watch in December
December is historically a strong month for the cryptocurrency market, with altcoins often seeing significant gains. As we enter the final stretch of 2024, several coins are poised for exciting potentially profitable movements. Here are five altcoins to keep a close eye on this December:
1. Hyperliquid (HYPE)
Hyperliquid (HYPE), a newly launched Layer-1 blockchain token, has been making waves. Just a week after its debut, HYPE has already surged over 200%, riding the momentum of an airdrop to early users. While currently not listed on any centralized exchanges, this limited accessibility often leads to increased demand and price appreciation.
As of now, HYPE is trading at around $9.51 with daily trading volume reaching millions. Analysts predict that this strong performance will continue throughout December, potentially catapulting HYPE into the top 5 altcoins before the year’s end.
2. Sui (SUI)
Sui (SUI) has consistently been a top performer recently, boasting an impressive 75% jump in value within the last 30 days. This surge coincides with a scheduled release of $210 million worth of tokens, an event that typically brings volatility and increased token supply.
However, SUI has historically shown resilience, exhibiting bullish price action in the weeks following these releases. Technically speaking, SUI is maintaining an upward trend, currently hovering above both the 20-day and 50-day moving averages, which typically signals a bullish trajectory.
With US$3.40 as its current price, analysts predict SUI could hit US$4.40 in December, underscoring their optimistic outlook. However, a significant price drop to US$2.38 could occur if sellers gain momentum.
3. Fantom (FTM)
Fantom (FTM), a Layer-1 blockchain known for its speed and scalability, is gearing up for a major upgrade this month. The highly anticipated Sonic update, scheduled to arrive on the mainnet in December, promises to boost network throughput and could significantly increase FTM’s price.
This anticipated upgrade has already sent FTM soaring by 60% over the past month. The formation of an inverse head-and-shoulders pattern on FTM’s daily chart, a bullish reversal signal, further indicates positive sentiment. As of this writing, FTM sits at $1.03. With bullish momentum strengthened by rising Bull Bear Power (BBP) readings, its price could soon reach $1.14.
Some analysts predict an even more dramatic ascent, suggesting FTM could reach US$2 by year-end, contingent upon positive market reception of the Sonic update.
4. Aptos (APT)
Aptos (APT), another promising Layer-1 blockchain, is set to unlock a significant amount of tokens in December, worth $135 million. This coincides with a similar event experienced by SUI, leading analysts to predict a similar price trajectory. APT, like SUI,
has shown a tendency to rebound strongly after token unlocks, bolstering confidence in APT’s potential for growth this December.
From a technical perspective, APT has formed an ascending triangle pattern, signaling impending bullish momentum. If trading volumes increase and demand remains strong, APT
could climb to US$12 by the end of December. However, analysts warn that a supply shock might trigger a pullback to US$10.97.
5. Bonk (BONK)
Bonk (BONK), the leading meme coin on the Solana blockchain, is making headlines due to a planned token burning event. Aiming to reduce supply and potentially boost its price, the BONK community has pledged to burn 1 trillion tokens before Christmas. If successful, this could ignite a major rally for BONK.
While recent price corrections have brought BONK down from its highs, strong support is evident at $0.0000043
Analysts cautiously predict BONK might surge to US$0.000059 or even higher if the token burn goes as planned. However, if investors decide to cash out their BONK holdings, a drop to US$0.000035 is possible.
Final Thoughts:
While these five altcoins present exciting speculative opportunities for December, it’s crucial to remember that cryptocurrency markets are volatile. This list is not financial advice; it’s simply a starting point for your own thorough research and investment decisions.
2024-12-01 12:42:00
#Altcoin #Tips #Join #Watch #List #December
## Altcoin Outlook: Top 5 Coins to Watch in December
**Introduction:**
Welcome back to World Today news! As we approach the final month of 2024, seasoned crypto investor and analyst, **[Expert Name]** joins us to shed some light on the potential movers and shakers in the altcoin market.
**Host:** Thanks for joining us, [Expert Name]. December historically has been a strong month for crypto. Are there any particular altcoins that you see showing promise as we head into the holiday season?
**Expert:** Absolutely! December often brings increased trading activity and, typically, a favorable sentiment in the market. This year, I have my eye on a few specific altcoins that have shown strong fundamentals or exciting developments lately.
**Host:** Let’s dive into yoru top picks.
**Expert**
I’ve identified five altcoins that are worth keeping a close eye on in December:
* **Hyperliquid (HYPE):** HYPE is a relatively new Layer-1 blockchain token that has exploded onto the scene. It’s already witnessed a staggering 200% surge after its launch just a week ago thanks to an airdrop to early users. This limited accessibility often fuels demand and drives up prices. While not yet listed on major exchanges, its current
trading price around $9.51 and substantial daily volume suggest a promising trajectory. I wouldn’t be surprised if HYPE makes a serious climb towards the top 5 altcoins before the year ends.
* **Sui (SUI):** Sui has been on a tear lately, boasting a 75% increase in value over the past month. This coincides with a planned release of $210 million worth of tokens, an event typically associated with volatility and increased supply. However,Su
i has a history of resilience and bullish price action even in scenarios like this.
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* **Their underlying technology or use case**
* **Recent developments or partnerships driving their growth**
* **Potential risks or challenges investors should consider**
* **Your overall outlook and price predictions for December]**
**Host:**
These are certainly interesting projects with a lot of potential.
**Expert:**
Indeed. the crypto market is constantly evolving,and December often brings about exciting opportunities.
**Host:**
Thank you so much for sharing your expert insights with us today, [Expert Name].
**Expert:**
It was a pleasure.
**host:**
Remember, folks, this is not financial advice. Always conduct thorough research and consult with a qualified professional before making any investment decisions.
**Closing:**
And that wraps up our Altcoin Outlook for December. To stay up-to-date on all the latest crypto news and market analysis, be sure to visit World Today News.
