5 Best Altcoins to Invest in Right Now December 20 – Hedera, BNB, aelf

adminDecember 21, 2023

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Teong Hng, CEO of cryptocurrency investment firm Satori Research, pointed to a revival of alternative seasons similar to early 2021. Altcoins particularly affected Things like Solana and Avalanche, which have seen significant surges in value.

On Wednesday, SOL and AVAX tokens surged more than 10%, making them among the best-gaining tokens of the year in the larger token market. This surge highlights the growing importance of altcoins in the cryptocurrency market and why investors should leverage these tokens.

5 Best Altcoins to Invest in Right Now

Foresight Ventures has announced the launch of its third accelerator program with an investment worth $10 million. Blockchain and Web3 Innovation. The recently announced program, open for applications until January 15, 2024, is aimed at startups specializing in artificial intelligence, Bitcoin ordinal, and direct-to-consumer protocols.

This particular accelerator cohort is notable for its focus on nurturing companies working in these areas. Funding for eligible startups ranges from $200,000 to $500,000, providing notable financial support to selected participants.

1. Ivy (HBAR)

Hedera recently collaborated with WalletConnect, a move aimed at improving the way users interact with the web3 ecosystem. This collaboration will make it easier for developers to create dApps and wallets. So you can focus on innovation while ensuring a smoother user experience.

HBAR price chart

Scheduled for full release in January 2024, this integration aims to gather feedback for further improvements. This is a strategic move that will simplify processes and improve the overall user experience within the Hedera ecosystem. This can spark new ideas and collaborations.

Moreover, the community is very excited about this partnership and sees it as an important step forward for Hedera. With user-friendly tools and guides, the goal is to strengthen Hedera’s position in the web3 world and promise better features and experiences.

A wallet is a necessity for everyone #web3 An ecosystem that serves as the primary network access point for community members, developers, and businesses. with @Wallet Connect In ~ #girl nameWe are in the final stages of improving the experience for everyone.
The pinnacle of this community-led… pic.twitter.com/nCP8JB3cYo
— Ivy (@ivy) December 18, 2023

In the past year, HBAR’s price has risen significantly, surpassing most of the top 100 cryptocurrency assets. Additionally, consistently positive trading days and positions above the 200-day moving average indicate strong liquidity by market capitalization.

2. ELF

Aelf has made significant advancements to improve how it connects to other networks via eBridge. This feature allows for more seamless transfer of ELF tokens between aelf, Ethereum, and BSC. To support this, AElf moved approximately 1.75 million ELF tokens from its administrative addresses to eBridge. This is to make it easier for ELF holders from other networks to transition to the ELF mainnet.

ELF price chart

ELF also plans to remove approximately 1.05 million BEP-20 ELF tokens from the mainnet swap. This is to simplify the swapping process and make it more efficient for users within the AElf ecosystem.

📢aelf allocates 1.75 million. $ELF Go to eBridge, elf’s first cross-chain bridge, and burn ~1.05 million BEP-20 ELF tokens on the mainnet swap.
Key moves for: #blockchain Innovation and interoperability.🔥
🔗Learn more through the link https://t.co/hTXuvIffce#web3
— ælf (@aelfblockchain) December 20, 2023

The price outlook for Elves is positive, with the Fear and Greed Index showing a value of 74 (greed). In the past year, the price of elves has skyrocketed by 480%. This growth was stronger than 91% of the other top 100 cryptocurrency assets, surpassing Bitcoin and Ethereum. Moreover, Elf’s trading is consistently above its 200-day simple moving average, giving it a stable position in the market.

3. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix It is a cloud mining platform that aims to address concerns about cloud mining scams. It provides a transparent way for people to mine Bitcoin (BTC) in a decentralized manner. There are over 400,000 BTCMTX tokens staked, indicating significant user participation.

One notable aspect is that the current Annual Percentage Yield (APY) is 103,225%. However, this rate may decrease as more tokens are staked. Regarding token distribution, 42.5% of BTCMTX tokens will be used to fund mining operations and 35% will be used for marketing and BTCMTX growth. Additionally, 15% will be used for community rewards and 7.5% will be used for staking rewards until the platform is developed.

#Bitcoin Metrics We successfully raised over $5,400,000! 🪙 pic.twitter.com/eD8FvCkXJQ
— Bitcoin Minetrix (@bitcoinminetrix) December 19, 2023

The project raised more than $5,581,527 through presales. BTCMTX Tokens cost $0.011 each. At this stage, you can purchase 2.8 billion BTCMTX tokens (70% of the total supply of 4 billion) using Ethereum (ETH) or Tether (USDT).

Likewise, the minimum investment required is $10, making it accessible to many investors. Considering a potential token price increase, interested investors can take action before the end of the two-day period for the current price. Likewise, the Phase 14 presale ends in 3 days.

Visit Bitcoin Minetrix.

4. BNB

Binance has seen notable price movements recently, showing resilience above $230 and a steady upward trajectory. This positive momentum has taken it above significant resistance levels at $240 and $242, and has seen it outperform Ethereum and Bitcoin, especially in recent sessions.

BNB price chart (1)

When analyzing the BNB/USD pair on the 4-hour chart, several key observations emerge. BNB successfully broke through the 76.4% Fibonacci retracement level of the downward move from the $257.1 swing high to the $231.9 low. A significant breakout occurred as the price crossed an important bearish trend line near $252. It also consolidates positions above $250 and the 100 simple moving average (4 hours).

Moreover, the current price action indicates a positive outlook, indicating a potential rise above the $258 resistance level. A clear breach of the $262 level could trigger further positive movement, potentially testing the $272 threshold.

The BNB Beacon Chain, designed for staking and governance once essential to BSC, is evolving 🔮 🙌
Changes in the blockchain environment have led to the discontinuation of beacon chains due to redundancy and complexity.
Read ahead to know more 🧵 (1/5)https://t.co/8MfyU5vuRk
— BNB Chain (@BNBCHAIN) December 19, 2023

This level closely aligns with the 1.618 Fibonacci extension level of the previous downward swing. This suggests a potential bullish trend towards the $285 resistance level. It is worth noting that BNB peaked at a historical high of $386.87 during the last cycle. Market sentiment is currently bullish, supported by the Fear and Greed indices, which reflect a value of 74 (greed).

5. THETA TOKEN (THETA)

The Theta token, with a market capitalization of $912.28 million and a value of $1.047991, has shown notable trends and statistics over the past year. Over the past 12 months, prices have surged 38%, reflecting an upward trend.

This growth has pushed the Theta token above its 200-day simple moving average, indicating a bullish market sentiment. The initial token sale price performance was also positive, suggesting investor confidence and favorable returns for early backers.

THETA price chart

Recent trading activity further highlights the momentum of Theta token. During the 30-day period, we experienced 15 positive price movements, corresponding to 50% of the observation period. These continued green days suggest continued buying interest in the market.

The Theta token in particular exhibits high liquidity, as evidenced by its significant market capitalization within the cryptocurrency space. It currently occupies an overwhelming position in the Ethereum (ERC20) token sector, ranking 22nd. It also ranks 4th in the NFT tokens and metaverse category and 34th in the layer 1 category.

today @Fog Digital We are launching a new collection of vintage POG collectibles, originally created in collaboration with Coca-Cola in the 1990s, as digital collectibles exclusively on the Theta blockchain!
Available exclusively on POGCHAIN: https://t.co/IZP2jziS2a
— Theta Network (@Theta_Network) December 15, 2023

The sentiment surrounding the Theta token price prediction remains neutral, indicating a balanced outlook among market observers. At the same time, the Fear and Greed Index suggests a level of 74 (Greed), reflecting prevailing enthusiasm and potentially heightened market appetite.