5 Best Altcoins to Invest in Right Now December 24 – Solana, Celestia, Polkadot

adminDecember 25, 2023

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Cryptocurrency investors are constantly looking for promising altcoins that offer returns that surpass industry giants like Bitcoin and Ethereum. However, choosing the best altcoins for your portfolio takes time and effort. Therefore, Insidebitcoins presents a curated list of the best altcoins to consider for investment. This list includes the best contenders that explore their outstanding features and potential.

5 Best Altcoins to Invest in Right Now

Solana’s SOL recently reached $100, driven by continued enthusiasm for the benefits of blockchain. This surge lasted for three weeks and attracted significant attention from on-chain traders. According to analysis data The fact that Solana has significantly captured the attention of on-chain traders is evidenced by its trading volume and network fees surpassing Ethereum over a 7-day period.

At the same time, the value embedded in Solana applications has experienced significant growth. Starting from $400 million in November, it soared to $1.3 billion, reminiscent of the July 2022 figure.

1. Solana (SUN)

Solana recently surpassed BNB to become the fourth largest cryptocurrency by market cap. An incredible 51.8% weekly surge led the market turnaround for SOL. As a result, SOL’s market value reached $48.79 billion, exceeding BNB’s $41.4 billion. This growth is emblematic of a broader upward trend seen across various digital currencies.

SOL price chart

An interesting development is that SOL is outperforming Bitcoin and Ethereum in trading volume on Coinbase. This was the first time three different coins outperformed Bitcoin in 24-hour trading. SOL has also seen a notable increase in activity on decentralized exchanges (DEXs).

Therefore, compared to Ethereum, trading volume showed an incredible increase of 3,078%. This increased investor participation signals notable interest in Solana. Moreover, the surge in the value of memecoin BONK recently triggered a rise in the value of SOL. Therefore, this move later sparked interest in similar meme-based cryptocurrencies.

2/ @PaxosThe USDP stablecoin issuance program, previously limited to Ethereum, has now been expanded to the payments-friendly Solana blockchain. Its features include:
⚡Fast transaction speed
🤝Nearly instant payments
🪙 Negligible transaction fees…
— Solana (@solana) December 22, 2023

Enthusiasts and stakeholders are closely monitoring these developments as they consider Solana’s future potential in the cryptocurrency space. Given the right circumstances and continued bullish market sentiment, Solana appears to be on a positive trajectory in the cryptocurrency industry.

2. Echelon Prime (PRIME)

The coin has experienced fluctuations, reaching a high of $11.74 on December 15, 2023, and a low of $7.80 since its all-time high. The project is trading near cycle highs and above the 200-day simple moving average. The coin appears to be in circulation with a circulating supply of 26.27M PRIME out of a maximum of 111.11M PRIME.

prime price chart

Echelon Prime (PRIME) is trading at $10.22, up 14.99% over the last 24 hours. Additionally, it boasts a trading volume of $3.58 million and a market capitalization of $268.49 million. Market power is 0.02%.

Predictions about Echelon Prime’s future value vary. Some expect the price to peak at $7.36 as the market recovers. Meanwhile, others predict the average price to be $6.49 by 2023. However, if a significant bearish trend occurs, the potential minimum is expected to be $5.62 by 2023.

Hahahahahahaha
We have allocated 60,000 $PRIME For the dedicated first-time collector @ParallelTCG expansion.
Sets are faction-based. More details will be released in the new year.
Upgrade to the full Planetfall set now at https://t.co/zoo0PY2boT! pic.twitter.com/JamXw8JFVA
— Echelon (@EchelonFND) December 13, 2023

Sentiment towards Echelon Prime is currently bullish, with a Fear and Greed Index of 71 (Greed). Supporters of the project emphasize a strong foundation and community support, and envision potential collaborations with other networks to push the coin’s value above $11.47 by 2024.

3. Celestia (TIA)

Celestia caught the attention of the cryptocurrency market with its notable surge into the top 100 cryptocurrencies. This surge, observed in the fourth quarter of 2023, boosted its ranking into the top 40 and sparked discussions about the potential for further growth.

TIA price chart

In a token sale held from October 31 to November 14, the project experienced over 500% growth since launch. With recent trading above $12, Celestia is gaining attention as a viable investment opportunity. Speculation is rife about the possibility of Celestia rising higher and earning a spot among the top 20 altcoins.

So as a DA layer, Rollup and L2 use Celestia to publish and retrieve transaction data.
And with Data Availability Sampling (DAS), Celestia provides rich blobspace that scales with the number of users.
— Celestia (@CelestiaOrg) December 22, 2023

Moreover, the project’s momentum and potential upward trajectory have captured the attention of investors and analysts alike. The possibility of making it into the top 20 within the cryptocurrency space seems plausible for Celestia.

This makes it an attractive prospect for investors watching bullish trends. Celestia’s recent performance and optimism surrounding its future make it a plausible choice for those evaluating their next cryptocurrency investment.

4. Polkadot (DOT)

Polkadot (DOT) has seen a notable surge in interest and value over the past month, with a particularly significant 47% gain in December. This surge culminated in a recent 20% increase in just two days. With this, DOT broke the $7.9 barrier and set a new 2023 high. This surge in value has put attention on the cryptocurrency market and indicates growing investor confidence in Polkadot.

Technical analysis of Polkadot’s price structure suggests a positive trajectory, but a slight reversal is likely to occur soon. Overall, this trend indicates the potential for further price rises and attracts traders and investors interested in technical indicators.

dot price chart

In addition to its price success, Polkadot’s blockchain has seen significant growth in revenue, leading to increased utilization of the platform. This increase highlights the active participation of developers and consumers within the Polkadot ecosystem and demonstrates growing acceptance.

Increased activity indicates improved usage and interaction with the platform. This helps you demonstrate the capabilities of your platform while also capturing the attention of developers and users. This heightened interest could potentially drive further adoption and thus fuel ecosystem expansion. This may also affect the value of the Polkadot network and its native token.

Snapshot of the 2023 Polkadot Data Report published by @paritytech Data Team 👩‍💻
“September 2023 was notable for the launch of native USDC on Polkadot Asset Hub, which enhanced stablecoin functionality in the ecosystem.” pic.twitter.com/b0KnxEjm4Q
— Polkadot (@Polkadot) December 22, 2023

A continued surge in interest could stimulate further adoption. This could potentially impact Polkadot’s future development within the cryptocurrency space. As more developers and consumers join the platform, momentum is created that could significantly shape Polkadot’s trajectory.

5. Sponge V2 ($SPONGE)

Sponge V2 It emerges as a notable development following its predecessor, the $SPONGE meme coin. The coin’s initial market capitalization increased from $1 million to over $100 million in 2023. Additionally, Sponge V2 is currently valued at $16 million, supported by a community of 11,500 holders.

📣 We are excited to announce this. #sponge Connects from V1 to V2!
your $sponge Earn #SpongeV2 token. 🧽︎
Buy and stake now to receive special V2 token bonuses! Don’t miss it 🔥#memecoin #web3 #bull market pic.twitter.com/bYmkg1TNrU
— $SPONGE (@spongeoneth) December 18, 2023

Sponge V2 also offers a Stake-to-Bridge model, strategically designed to seamlessly transition $SPONGE holders to V2 through staking. This mechanism promises a minimum Annual Percentage Yield (APY) of 40% over four years. Additionally, integrating Play-to-Earn (P2E) games into the ecosystem aims to improve token utility and community engagement. This provides users with an interactive layer for engagement.

It is noteworthy that Sponge V2 has transparently allocated its 150 billion token supply for staking rewards. The introduction of P2E games further emphasizes the project’s commitment to incentivizing its user base.

This transparency is important for fostering trust and credibility within the community. Looking forward to it, Sponge V2 is eyeing a major exchange listing and aims to leverage its community of 30,000 members to position itself for potential growth.

SPONGEV2 PRE-SALE VISIT