The Fear & Greed Index is up 48 points from August, indicating investors are hopeful about the future. BTC has reached a new all-time high of $103,900, but it is not the only crypto that can bring significant returns this season.
Alternative cryptocurrencies may offer more advantages due to their innovative use cases, volatility (which in bullish times becomes an advantage), and early entry opportunity. Let’s see which cryptos are most likely to explode in December.
- Crypto Stars (STARS)
- Wall Street Pepe (WEPE)
- Best Wallet Token (BEST)
- Sui Network (SUI)
- Ripple (XRP)
- Cardano (ADA)
- Hedera (HBAR)
1. Crypto All-Stars: Stake Your Meme Coins and Earn Staking APY
Crypto Stars introduced a unified meme coin staking protocol, MemeVault, which allows degenerate investors to generate passive returns from their favorite tokens.
At launch, users will be able to stake on 11 popular coins, including DOGE, PEPE, BRETT and FLOKI. The project team will add support for more meme coins in the future.
MemeVault debuts just in time for the new altcoin season, as BTC dominance went from 61% to 55% in two weeks.
Strategic timing reduces the risk of betting on your meme coins, which are known for their volatility. If you stake a coin during a downtrend, you essentially lock in your losses. But with the current uptrend, you can both benefit from price appreciation. And generate passive returns.
The platform’s native token, STARS, is currently available for presale at $0.0016782. Although you don’t need to own it to use MemeVault, early adopters of STARS will benefit from a higher staking APY. The symbolic protest is scheduled for December 19.
2. Wall Street Pepe democratizes crypto trading
While institutional investors line their pockets through coordinated actions, the little fish have no way of predicting market movements. Wall Street Pepe (WEPE) is on a mission to change that.
The WEPE army declares war on the whale-initiated groups. The project brings together a group of degenerate investors to share ideas and tested strategies for outperforming hedge funds.
To be successful, a meme piece must have a strong community – that’s a no-brainer. This is why WEPE encourages investor participation with 382% APY, in addition to weekly market summaries. To date, early supporters have staked over 2 billion tokens.
The WEPE pre-sale started recently and has already raised $1.4 million. One WEPE now costs $0.000204, but the price will increase in three days.
3. BEST holders get lower fees and higher rewards with the best wallet app
Best wallet is a popular non-custodial crypto storage solution that allows you to buy, trade and stake assets on over 60 chains.
With Best Wallet’s new presale aggregator, users can participate in new projects in advance to support their growth and potentially earn higher earnings when tokens are listed.
Its native token, BEST, recently released for presale at $0.022975. The project has already raised $2.5 million in funding, which will be entirely dedicated to product development and community incentives.
BEST holders will benefit from early access to exclusive pre-sales and new features, as well as reduced transaction fees and higher staking returns.
Additionally, the community of token holders will dictate the direction of the project by voting on key proposals related to new features and partnerships.
4. SUI soars 557% and exceeds $1.6 billion TVL – is $2 billion on the horizon?
This season, we are seeing higher demand than ever for scalable and fast blockchain networks. Sui is a young Layer 1 network that has grown from $151 million in total value locked (TVL) in December 2023 to $1.6 billion in TVL in December 2024.
Sui’s native token, SUI, is up 557% over the year and just hit a new all-time high of $4.47. SUI’s 24-hour trading volume exceeds $3.68 billion and its market capitalization has reached $12.08 billion.
The appeal of Sui Network lies in its object-centric data model, which enables efficient and parallel processing of transactions.
Technical details aside, Sui is an exceptionally fast chain that processes around 10,000 transactions per second (TPS). To put this into perspective, Ethereum only processes 12-15 TPS.
5. Ripple’s legal victory benefits XRP, monthly growth of 341%
Ripple’s tough times ended with a legal victory against the United States Securities and Exchange Commission (SEC). As a result, XRP saw a 341% monthly increase and is now trading at $2.35, 17% below its yearly high of $2.86.
Last week, XRP surpassed USDT in market capitalization and became the third largest cryptocurrency. However, the token has since rebounded to #4, which remains an impressive result.
Like Sui, Ripple’s proprietary Layer-1 XRP Ledger network is extremely fast and scalable. Its focus on low-cost cross-border transfers has earned it the attention of traditional financial institutions like American Express, Santander and MoneyGram.
6. Is Cardano the next Ethereum? ADA climbs 243% in November
Cardano’s ADA is another top-performing token that surged over 243% in November and shows no signs of stopping.
Cardano is very similar to Ethereum in that it uses a proof-of-stake (PoS) consensus mechanism and allows the development of custom applications via smart contracts. However, Cardano’s layered architecture makes it more scalable.
The network has a TVL of $691 million and over 71,000 active wallet addresses. This is a substantial growth from the January 2022 TVL of just $1.4 million.
ADA’s technical indicators, particularly oscillators and moving averages, suggest that the token will see more upside in the long term.
7. HBAR surges 502% in November and may soon reach a new ATH
Hedera is among the fastest growing blockchains according to TVL, with a monthly increase of 262%. Although Hedera’s current TVL of $172 million is significantly lower than Sui’s, it could soon overtake its competitors if it maintains this pace.
Hedera’s growth is explained by its energy efficiency, high degree of decentralization and security, which are ensured by the Hashgraph consensus algorithm.
Hedera’s native token HBAR surged 502% last month and reached $0.2905, 49% below its all-time high of $0.5701 recorded in 2021. However, the token has a high chance of regain its peak in this market cycle.
Conclusion
As we close out 2024, we are seeing undeniable demand for utility cryptocurrencies. Among established projects, tokens native to scalable layer 1 networks are the most promising. It could very well be that in 2025 the list of major blockchains will change.
Meanwhile, new projects like Crypto Stars And Grandpa from Wall Street Merge the appeal of memes with use cases that strive to solve real-world problems.
Remember that diversification, risk management and patience are essential to profit from this uptrend and minimize your losses.