5 Best Altcoins to Invest in Right Now December 28 – Bitcoin SV, Rocket Pool, Meme Kombat

adminDecember 29, 2023

join us telegram A channel to stay up to date on breaking news coverage

Searching the cryptocurrency market offers numerous investment possibilities. With Bitcoin’s dominance paving the way, altcoins offer investors a variety of investment opportunities.

However, the evolving cryptocurrency space means that identifying the best altcoins worth investing in requires a keen understanding. Therefore, in this article, we explore the best altcoins to invest in and reveal promising projects that may be experiencing an upward trend.

5 Best Altcoins to Invest in Right Now

On Wednesday cryptocurrency market Despite being nicknamed “Hump Day” during the week, it continued to be strong. These developments have sparked notable investor interest in altcoins and cryptocurrency mining stocks.

Mining sector leader Marathon Digital Holdings ended the day with its value up nearly 15%. These movements reflect investor reactions to price movements within the cryptocurrency space.

1. Bitcoin SV (BSV)

Bitcoin SV had a successful trading day, surging 65% intraday. The Korean market in particular is leading this upward trend. Upbit, the largest exchange in Korea, contributed about 65% of the total trading volume. Therefore, this highlights the significant interest and influence of Korean investors in the recent BSV price surge.

Over the past 30 days, BSV has been on the rise for 17 days, accounting for 57% of the observed period. However, the position is maintained near cycle high. Additionally, cryptocurrency boasts high liquidity relative to its market capitalization.

BSV price chart

According to current market data, the value of Bitcoin SV is $91.77 and the trading volume is $434.98 million. With a market cap of $1.8 billion, the token claims a market dominance of 0.11%. In the last 24 hours, BSV surged 60.05%.

Market sentiment and the Fear and Greed indices indicate a bullish outlook, with 73 in the greed zone. The circulating supply of Bitcoin SV is 19.59 million out of a maximum supply of 21 million BSV. Over the past year, the annual supply inflation rate has been 1.85%, generating 356,417 BSV.

2. Meme Combat (MK)

combat memes It has emerged as a notable addition to the cryptocurrency landscape, drawing attention for its unique features and goals. Currently in the pre-sale phase, MK has successfully raised $4,968,753 of its $5,000,000.00 goal. It therefore indicates initial interest from potential investors.

We reached $4.8 million this year. $MK Reservation 🥊
LFG🚀 pic.twitter.com/JsZprP66ik
— Meme Kombat (@Meme_Kombat) December 27, 2023

Additionally, the main focus of the platform is targeting gaming enthusiasts. Therefore, it combines staking and betting functions to allow users to receive rewards.

Currently 50% of MK tokens are pre-sold at $0.257 each, capped at $10 million. This strategy aims to improve the utility of MK tokens to the user base. It is worth noting that there is a 5-day window before the price increases to $0.268 per token.

Meme Kombat The roadmap includes plans to list the token on a decentralized exchange. Therefore, 10% of the total token supply is allocated to ensure smooth transactions. This move highlights the project’s commitment to fostering decentralized MK token trading, a commitment detailed in the white paper.

3. Rocket Pool (RPL)

Rocket Pool has rebounded over the past year and captured the market’s attention. The current price is $32.10, an increase of 61% over the last 12 months. RPL is consistently trading above its 200-day simple moving average, indicating a continued upward trend in the market.

RPL price chart

In the short term, Rocketful has recorded 16 positive trading days out of the last 30 days. This accounts for 53% of the observation period. This recent trend, combined with high liquidity based on a market capitalization of $641.75 million, suggests some degree of market interest and participation.

Regarding market sentiment, Rocket Pool’s current outlook appears to be optimistic, with the Fear and Greed Index reading 73 (greed). After examining supply indicators, Rocket Pool is currently distributing 19.99M RPL out of the maximum supply of 19.11M RPL. The annual supply inflation rate was 94.47%, generating RPL 9.71 million over the past year.

Rocket Pool continues to integrate tightly across the growing Base ecosystem, giving users more options.
Read on to learn how Base, Coinbase Wallet, and Coinbase Ventures all support Ethereum’s decentralized liquid staking protocol 👇
1/4 pic.twitter.com/eLXwgtzXBX
— Rocket Pool (@Rocket_Pool) December 11, 2023

Rocketpool currently ranks 28th in the Ethereum (ERC20) token sector based on market capitalization. This positioning within the market reflects its relative position compared to other projects in the sector.

4. Chainlink (LINK)

Chainlink (LINK) has experienced a resurgence in the altcoin market and seen notable price movements through 2024. In the last 24 hours, LINK surged 17% to $17.50. This was a significant increase in trading volume, nearly doubling to $1.1 billion. This surge was reportedly due to significant purchases by Chainlink whales. This also represents the acquisition of approximately 7 million LINK tokens, with a weekly value of $105 million.

Additionally, analysts highlighted this surge in trust among key players within the Chainlink ecosystem as whales have amassed significant supply. At the same time, the price of LINK has stabilized above the $14 level over the past week.

link price chart

From a technical perspective, Chainlink (LINK) appears to be consolidating within a strong re-accumulation zone. Depending on the flagpole breakout pattern, holding the price above $17 could potentially trigger a further rally towards the $25 level.

The highest recorded price for LINK since the last cycle low is $17.67 (cycle high). Sentiment analysis also indicates a bullish outlook for Chainlink, with the Fear and Greed Index recorded at 73 (greed).

Product updates for the fourth quarter of 2023@chainlinklabs Chief Product Officer @kelmoujahid cover:
• Latest Chainlink deployments
• What are the next steps? #Chainlink oracle service
• Key focus areas for the network in 2024
Diving ⬇️https://t.co/9QomUC8DNy
— Chainlink (@chainlink) December 19, 2023

According to market statistics, Chainlink’s circulating supply is 568.10M LINK out of a maximum supply of 1 billion LINK. In particular, the annual supply inflation rate was 11.83%, creating 60.1 million LINK last year. Over the past 30 days, Chainlink has observed 17 green days, accounting for 57% of the period. It is currently trading near cycle highs, indicating high liquidity by market capitalization.

5. LDO

Lido DAO token (LDO) has shown remarkable growth over the past year, with its price rising by 193%. This performance puts it in a favorable position among the top 100 cryptocurrency assets, with a performance of approximately 71% during this period. In particular, LDO surpassed the growth rates of both Bitcoin and Ethereum.

Currently, LDO is trading above its 200-day simple moving average, showing a positive trend in its value. Moreover, recent market activity has seen 16 green days in the last 30 days. This therefore constitutes 53% of positive trading sessions and reflects a moderate but consistent upward trajectory.

LDO price chart

In terms of token economics, out of the maximum supply of 1 billion LDO, the circulating supply is 890.17 million LDO. The annual inflation rate remains at a noticeably high level of 184.44%, and 577.22 million LDOs were created over the past year.

The highest price recorded since the previous cycle low is $3.30, marking a cycle high for LDO. Additionally, the Fear and Greed Index shows a sentiment of 73 (Greed), which indicates mainly positive market sentiment.