Top Altcoins to Watch in December 2024: HYPE, FTM, and More
Historically, December has been a strong month for the cryptocurrency market, and December 2024 is likely to follow this trend, especially for altcoins. BeInCrypto has identified the major altcoins to watch at the end of the year.
This list focuses on cryptocurrencies that experienced major events in December that could impact their prices. While some altcoins lack such drivers, these standout picks are the ones to watch this month.
Hyperliquid (HYPE)
top List of altcoins One to watch in December 2024 is Hyperliquid (HYPE), a Layer-1 blockchain token launched about a week ago. Since its launch, despite the distribution of rewards in airdrop to some of its early users.
As of press time, The price of HYPE has increased. Despite not being listed on any centralized exchange (CEX), the price is still $9.51. In most cases, when an altcoin like this is launched without a central exchange, the demand is higher and therefore the price is likely to increase.
Therefore, considering HYPE’s millions of daily trading volumes, its price is likely to rise in December, making it one of the top 5 altcoins to watch before the end of the year.
Sui (Sui)
Market watchers may not be surprised Sui Listed as one of the altcoins to watch in December 2024. Over the past few months, the coin has been among the best-performing cryptocurrencies, surging 75% in the past 30 days.
Much of the excitement surrounding SUI stems from today’s planned unlocking of $210 million in tokens. Although such events often trigger volatility and increase supply, SUI has historically been bullish Price action in the weeks after unlocking.
So if history is any guide, SUI could be in for another strong showing this month. From a technical perspective, SUI’s price is trading above the 20-day and 50-day exponential moving averages (EMA).
Usually, when the price is above this point, it means the trend is bullish. A move below this level would indicate a bearish trend.
With SUI trading at $3.40, it has the potential to climb above $4.40 in December 2024. However, this may not happen if the coin faces higher selling pressure. In this case, the price could drop to $2.38.
Phantom(FTM)
No phantomthe list of altcoins to watch in December 2024 would be incomplete. This is because the highly anticipated Sonic upgrade will launch on mainnet this month, which will increase throughput.
ahead of development, The price of FTM has hit the $1 markthanks to a 60% gain over the past 30 days. On the daily chart, the altcoin has formed an inverse head and shoulders pattern, which is a bearish to bullish reversal.
As of press time, FTM The trading price was $1.03. However, with rising Bull Bear Power (BBP) indicating that bulls are in control, the price could touch $1.14 in the short term.
also, Sonic mainnet launch Cryptocurrency prices may rise to $2 in December 2024, but if selling pressure increases, the cryptocurrency may fail.
Aptos (APT)
Aptos is another Tier 1 Tokens December is one to watch. Similar to SUI, Aptos plans to unlock approximately $135 million worth of tokens this month.
Interestingly, Aptos and SUI share a common pattern: both frequently experience price increases after the token is unlocked. If history is any indication, easy May end December with positive returns.
From a technical perspective, APT has formed an ascending trianglewhich is bullish. This technical pattern suggests that altcoins may continue to rise in value as long as trading volumes climb and demand surges.
If this is the case, APT could rise to $20 next month. However, traders should remain vigilant. This may not happen if supply shocks are extreme, and APTs may decline to $10.97.
Bunker (Bonker)
Last on the list of the most noteworthy altcoins in December 2024 is Bonk, which is the most valuable same corner At Solana Blockchain. BONK is on this list because of its plans Token burningwhose purpose is to reduce supply and thereby increase value.
Previously, BeInCrypto reported that BONK wants to destroy 1 trillion tokens Before Christmas. If this is achieved, altcoin prices could rise significantly.
While BONK’s price has recently retreated from local highs, the daily chart shows strong support at $0.0000043. Given this outlook, the price is likely to rebound from this point and potentially rise to $0.000059 or higher.
On the other hand, if BONK holders book profits in December, the prediction may be invalid and the meme coin may be worth $0.000035.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
