Top 3 Altcoins to Consider Buying Ahead of Potential FOMO Surge

adminDecember 20, 2023

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As the end of 2023 approaches, certain cryptocurrencies are showing bullish trends and some are offering attractive investment prospects. Making smart investment decisions can be the foundation for accessing unparalleled opportunities in the cryptocurrency space.

As we enter the coming year, the cryptocurrency industry promises continued excitement and opportunity for those prepared to navigate its complexity. Investors should keep an eye on emerging projects, market analysis, and expert insights to strategically position themselves in the volatile cryptocurrency space.

In this article, we’ll take a look at three altcoins you might consider buying ahead of a potential FOMO surge, and discuss why they deserve a place in your investment portfolio.

Yeon.Finance (YFI)

Yearn Finance distinguishes itself as an outstanding platform that offers a variety of services, including yield farming, lending, and staking, to meet the diverse needs of individuals in the cryptocurrency space. The core of Yearn Finance is its native token, $YFI, which powers the platform and improves liquidity for users.

$YFI tokens can be easily acquired or traded on various exchanges, ensuring smooth transactions. What sets Yearn Finance apart from others is its unwavering commitment to providing significant value to its users.

The platform team has designed an amazing system that automatically invests users’ funds in the most profitable protocols, generating significant returns. This successful approach has led Yearn Finance to the forefront of its industry.

As of today, December 19th, yearn.finance’s price is $8178.79, with a 24-hour trading volume of $91.2 million and a market capitalization of $275.83 million. $YFI price is up 1.59% in the last 24 hours.

yearn.finance’s 50-day simple moving average (SMA) is $6,857.04, while the short-term 50-day SMA is projected to hit $8,342.83. The support level for yearn.finance is identified at $7,833.46, with the strongest support level at $7,217.79, and resistance levels at $8,449.13 and $9,064.80.

Ivy (HBAR)

Hedera Hashgraph differentiates itself from existing blockchain platforms by leveraging an innovative distributed ledger technology known as Hashgraph. This technology provides notable improvements in speed, cost, and scalability compared to many blockchain alternatives.

Hedera transactions boast average fees of $0.0001 USD and achieve final completion in less than 5 seconds with an impressive capacity of over 10,000 transactions per second.

The platform provides essential network services, including a token service for easy token configuration, a consensus service to ensure secure event logs, smart contract tools for developing decentralized applications (dApps), and a distributed file storage service with advanced features such as attestation. Possibility of deletion and controlled change.

Hedera has been strengthening its partnership with Archax specifically to simplify staking and tokenization of real-world assets (RWA). This strategic move is poised to strengthen Hedera’s market position.

We are pleased to announce this. @ArchaxEx, @TheFCA Regulator-level digital asset exchange announced. #HBAR Additional integration of staking and services for customers. @girl name Token Service (HTS) for Real Assets (#RWA) Tokenization 🏦 pic.twitter.com/Gu13JPNos4
— HBAR Foundation (@HBAR_foundation) December 12, 2023

Hedera’s expanded partnerships combined with its emphasis on staking and tokenization have had a positive impact on Hedera’s price, indicating a bullish trend in the market. This upward momentum reflects growing confidence in Hedera’s strategic initiatives.

At the time of writing, Hedera Hashgraph’s price was $0.080, the 24-hour trading volume was $106.14 million, and it ranked 30th with a market capitalization of $2.62 billion. The price of $HBAR has risen by more than 8% over the past 7 days.

Bullish sentiment prevails in the $HBAR price forecast, suggesting that the rally is likely to continue for several more months, fueled by expanded partnerships and market strategies that could contribute to further price gains.

Check out the video above for in-depth insight into the top three cryptocurrencies you can buy right now, and consider subscribing to his YouTube channel for additional cryptocurrency-related content. Jacob Crypto Bury also oversees a Discord community that boasts 17,000 members, providing valuable trading tips and insights on upcoming cryptocurrency presales.

SIX

The Sei Project is a dedicated layer 1 blockchain tailored for transactional purposes, offering unparalleled speed and efficiency with an incredible final completion time of 390ms. Positioned as the industry’s response to the need for increased efficiency and scalability, Sei has garnered attention for its groundbreaking features.

Recently, Circle Ventures invested in $SEI, recognizing the potential to unlock new applications for Circle’s USDC within the ecosystem. This strategic investment includes valuable go-to-market advice to optimize Circle’s stablecoin infrastructure.

This collaboration is focused on creating the next phase of the Internet through a unique partnership approach. Sei Labs also announced that Sei v2 will support the Ethereum Virtual Machine, expanding its functionality and potential use cases.

SEI cryptocurrency daily price graph

Sei in particular has shown impressive growth, surging more than 33% in the last 24 hours and currently trading at $0.36. This outstanding performance makes Sei the 77th cryptocurrency with a market capitalization of $840 million.

The Relative Strength Index (RSI) reading is currently at 62, indicating a neutral position in the $SEI market. With increasing trading volume, social engagement, and strong bullish momentum, Sei continues to attract attention for its outstanding performance.

conclusion

The cryptocurrency market offers countless opportunities to profit by strategically selecting promising cryptocurrencies to include in your investment portfolio. In addition to well-established cryptocurrencies, you can get a higher return on your investment by participating in cryptocurrency pre-sales.

This allows investors to access tokens at an early stage and at a discounted price before they reach the wider market. This can be advantageous, as successful projects can experience significant price increases as they become more widely recognized.

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