Top Cryptocurrencies of December

2024 has been an eventful year for crypto; from Bitcoin setting a new all time high to the U.S. electing potentially its first crypto-friendly president. With market sentiment still optimistic for crypto to record more gains in the closing of the year, investors are on the hunt for the best crypto to invest in December.

However, it's important to note that crypto is a highly volatile investment and prices are known to fluctuate quite a bit. So, ensure to keep an eye out for the top-performing cryptos December before making an investment decision.

This article will examine the top cryptocurrencies December 2024 and offer predictions about exciting projects that could yield massive rewards before the end of the year. 

We've followed the December crypto market trends and done our homework so as to ensure you're well-informed before making any crypto investment choices.

November Crypto Insights - Key Takeaways

Following October’s trends, Bitcoin again emerged as a major player in the crypto sector in November. We witnessed the price of BTC surge to a new all-time high shortly after Trump's election victory.

Stablecoins like USDC and USDT also recorded a significant increase in adoption which improved their crypto liquidity. In a similar vein, speculation around deregulation have also led to a sector-wide outperformance in DeFi projects.

However, a consensus among retail investors shows that memecoins remain a preferred speculative asset in terms of ROI. Despite their inherent volatility, this trend underscores a persistent retail interest in high-risk, high-reward assets.

Below is our December cryptocurrency picks that showcases some of the best coins to watch. 

1. Ripple (XRP)

Ripple's XRP tops our list of the best coins to watch in December—and for a good reason. This project is a digital payment network and protocol that aims to become a viable alternative to cross-border payment systems like SWIFT.

One of the key considerations we took when picking XRP as one of the high-potential cryptocurrencies in December is its unique consensus mechanism and business model. 

Unlike most cryptocurrencies that rely on mining to validate transactions, XRP was pre-mined at its launch, resulting in a total supply of 100 billion tokens. Ripple Labs currently holds approximately 48 billion XRP in escrow, releasing up to 1 billion tokens each month. This strategy helps manage the supply of XRP and aims to maintain price stability. 

Currently, XRP is listed on several exchanges including Coinbase, Robinhood, Binance, Bitfinex, Gemini, Huobi, Kraken, and many more. According to CoinMarketCap, XRP price today is $1.88 USD with a 24-hour trading volume of $18,463,331,510 USD, which represents a 13.52% increase in value in the last 24 hours.

An X user with the alias luw reported BraveNewCoin’s prediction for XRP in December in a post that reads “Ripple Price Prediction: #XRP Could Hit $3 In December, Lunex Network Price Surges 180% - Brave New Coin”

2. Hyperliquid (HYPE)

Another interesting crypto project that could explode in December is Hyperliquid. Hyperliquid emerges as an innovative blockchain platform, crafted to revolutionize the landscape of decentralized finance (DeFi) applications. 

At its heart, this groundbreaking project introduces a bespoke Layer 1 (L1) blockchain, meticulously engineered to push the boundaries of performance and scalability in the DeFi space.   

Data from CoinMarketCap shows that Hyperliquid price today is $7.44 USD with a 24-hour trading volume of $432,229,103. This figure represents a 69.54% surge in price of HYPE token in the last 24 hours. 

AMBCrypto, a popular crypto prediction website predicts a gradual increase in price for Hyperliquid in December, starting at a minimum of $4.32 and reaching up to $5.45 by the end of the month. 

3. Virtuals Protocol (VIRTUAL)

Coming third on our list of top 10 crypto in December, Virtuals Protocol (VIRTUAL) is pioneering a new frontier in digital interaction by merging artificial intelligence with immersive virtual environments. This innovative cryptocurrency serves as the foundation for a unique ecosystem where human-curated, co-owned gaming AIs can be seamlessly integrated into various platforms.

The project’s native token, VIRTUAL is available on various marketplace including eToro, Gate.io, and kucoin.

As of this writing, the price of Virtuals Protocol is $1.57 USD with a 24-hour trading volume of $230,362,775 USD according to data from CoinMarketCap. This shows that Virtuals Protocol has risen by 13.08% in the last 24 hours. 

Virtual Protocol price prediction for December is an average trading price of $1.80, according to CoinLore.

4. Algorand (ALGO)

This is another must-have coins you should add to your watchlist for crypto investment in December 2024. Algorand (ALGO) serves a dual purpose as both a digital currency and a blockchain platform. Designed with efficiency in mind, Algorand's infrastructure enables rapid transaction processing, rivaling the speed of major payment networks like Mastercard or Visa. 

Moreover, the platform's versatility allows it to host a variety of cryptocurrencies and blockchain-based initiatives, positioning Algorand as a formidable competitor to Ethereum in the decentralized ecosystem. 

Currently, the token is listed on Coinbase and Kraken exchanges. The price of Algorand currently is $0.453201 USD with a 24-hour trading volume of $2,343,262,724 USD, according to CoinMarketCap. Data also shows that Algorand has surged by 17.97% in the last 24 hours.

According to Changelly, the Algorand value will not drop below a minimum of $0.376 in December 2024. The prediction site also projected the token to record a maximum peak of $0.376 and an average trading value of $0.376 in this month. Their analysts believe investing in Algorand today would yield a potential ROI of 195.6% by the end of December. 

5. Dogecoin (DOGE)

This list of trending cryptocurrencies in December isn't complete with mentioning Dogecoin. Dogecoin (DOGE) is a decentralized, open-source cryptocurrency that has captured the attention of many since its launch in December 2013. Known for its playful Shiba Inu dog logo, Dogecoin has evolved from a meme-inspired joke to a widely recognized digital asset.

This altcoin has gained significant traction in the crypto world, now available on major exchanges like Coinbase, Binance, and Kraken. DOGE is also listed on traditional platforms like Nasdaq, making it accessible to a diverse range of investors.

CoinMarketCap reported Dogecoin’s live price today to be $0.419810 USD with a 24-hour trading volume of $7,589,259,087 USD. This figure shows that Dogecoin has gone down by 0.07% in the last 24 hours. 

Market analysts at Changelly offer an optimistic outlook for Dogecoin in December. They anticipate the cryptocurrency's value to maintain a floor of $0.358, with potential peaks reaching $0.404. The projected average trading price is expected to hover around $0.381, suggesting a possible return on investment of 229.5%.

6. Sui

Sui stands out as an innovative layer-1 blockchain platform, engineered to meet the demands of global adoption by providing a secure, robust, and scalable environment for developers. At its foundation, Sui employs a unique object-centric data model and harnesses the power of the secure move programming language

For those interested in exploring Sui (SUI), it's currently available for trading on popular exchanges like Coinbase and Ndax.

Currently, Sui is trading at $3.44 USD with a 24-hour trading volume of $1,042,638,058 USD based on data from CoinMarketCap. The crypto aggregation site also recorded that Sui has been down 1.00% in the last 24 hours.

However, Coincodex is bullish on Sui, projecting that the token would rise by 227.05% and reach $ 11.25 by December 30, 2024. Their analysts also recommend Sui Crypto as a good buy this period based on the forecast. 

Recap

With optimism around crypto higher than ever and market sentiment fueled by potential loosening of cryptocurrency regulations, now is the best time to be a crypto investor. 

A good place to start is the options we’ve outlined in our list of top cryptocurrencies of December 2024. However, it's crucial that you conduct thorough research of the crypto market before investing as cryptocurrencies are very volatile assets. 

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