Top 5 Altcoins to Buy Now on December 17: KuCoin Token, Curve Dao Token, GateToken, Bitcoin Cash

Incoming US President Donald Trump has reaffirmed his support for the blockchain sector. In a video message to the Blockchain Association during his recent Political Summit gala, Trump emphasized his administration's dedication to advancing the United States as a leader in blockchain innovation on the global stage.

The Blockchain Association shared the video on x, expressing optimism about the future of blockchain under Trump's leadership. They highlighted that his presidency could mark the first pro-crypto administration in US history, coinciding with one of the most blockchain-friendly Congresses. In light of this, investors are looking for affordable tokens to capitalize on the current market growth, particularly the best altcoins to buy now.

The 5 best altcoins to buy now

KuCoin Token (KCS) has shown notable activity in the last 24 hours, with its value increasing by 2.50%. Flockerz (FLOCK), a meme-based cryptocurrency inspired by a “flock of birds,” continues to generate market interest. Curve DAO Token (CRV) has seen a significant price increase, gaining 5.05% in the same period.

GateToken (GT), GateChain's native token, has demonstrated notable growth over the past year, with a 163% price increase. bitcoin Cash (BCH) is trading at $539.80, reflecting a 2.67% gain over the past day. Meanwhile, <a target="_blank" href="https://www.cnbc.com/video/2024/12/16/bitcoin-hits-fresh-record-high-above-107000-cnbc-crypto-world.html”>bitcoin has reached a new all-time highexceeding $107,000.

1. KuCoin Token (KCS)

KuCoin Token (KCS) has shown quite dynamic performance in the last 24 hours, as evidenced by a 2.50% increase in value. Currently trading at $12.39, this token is ranked 81st in the vast crypto market, with a market capitalization of $1.48 billion. However, this figure reflects only a slight rebound of 2.51%, suggesting that its presence in the market remains relatively stable despite the price movement. KCS's trading volume has seen a significant increase, up 68.62% to $1.75 million. This increase in volume could indicate growing interest or liquidity in the token.

With a total supply of 142.72 million KCS and a maximum supply capped at 200 million, the scarcity of KuCoin Token could increase its value if demand increases. However, its fully diluted valuation is $2.47 billion, suggesting room for growth and reflecting the market's anticipation of its future utility and adoption.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”11.452991452991″>

<a target="_blank" href="https://twitter.com/kucoincom?ref_src=twsrc%5Etfw”>@kucoincom recent <a target="_blank" href="https://twitter.com/hashtag/Taiwan?src=hash&ref_src=twsrc%5Etfw”>#Taiwan KOL Meet Up was a real success

Bringing together key opinion leaders and cryptocurrency enthusiasts, solidified existing relationships and fostered new connections

A night to remember sharing an insightful conversation with all of you!
<a target="_blank" href="https://twitter.com/hashtag/KuCoinGlobalTour?src=hash&ref_src=twsrc%5Etfw”>#KuCoinGlobalTour <a target="_blank" href="https://twitter.com/hashtag/7rust?src=hash&ref_src=twsrc%5Etfw”>#7 rust pic.twitter.com/wBJUhrhO0H

-KuCoin (@kucoincom) <a target="_blank" href="https://twitter.com/kucoincom/status/1868948929146241497?ref_src=twsrc%5Etfw”>December 17, 2024

Analyzing the chart, KCS experienced a drop at the beginning of the period, but quickly recovered, showing resilience and possibly strong buying interest at lower price levels. The token price has been consistently above the $12.10 mark for most of the observed period, indicating a strong support level.

2. Flockerz ($FLOCK)

flockerz (FLOCK) is a meme-inspired cryptocurrency centered around the theme of a “band of birds.” The project emphasizes community involvement and recently raised more than $7 million in its pre-sale. Its standout feature is the vote-to-earn (V2E) mechanism, which allows participants to influence key project decisions and earn tokens for their participation. This mechanism encourages active participation while promoting decentralization.

The platform operates through a community-run DAO called Flocktopia, where token holders vote on important issues. These include decisions on project development, marketing strategies, token burning, and ecosystem expansion. For example, holders can vote to approve or reject the idea if the team proposes to integrate nfts. Participants receive $FLOCK tokens for their contributions, incentivizing governance and community participation.

Flockerz addresses the centralization risks often seen in meme currencies, where whales or insiders manipulate prices. These practices have left smaller investors vulnerable, such as in Pepe's $15 million theft in 2023. Flockerz seeks to create a fairer environment for investors by transferring decision-making power to the community.

The project offers high-yield rewards for passive investors. Annual percentage yields (APY) stood at 396%, although rates are expected to decline as stakes increase. Currently, over 350 million tokens are locked in the reward pool.

The tokens are priced at $0.0064523 and can be purchased using cryptocurrency or bank cards. However, investors need a compatible wallet, such as Metamask, to participate. While the exact release date is pending, Flockerz's Initial momentum suggests growing interest in its decentralized, community-driven approach. Investors should carefully evaluate its roadmap and long-term potential.

Visit the Flockerz pre-sale

3. Curve Dao Token (CRV)

Curve DAO Token (CRV) has recently seen significant price movement, reflected by a 5.05% increase in its value over the past day. It is now trading at $1.13. This bullish trend aligns with bullish market sentiment and the Extreme Greed indication on the Fear & Greed Index, with a score of 87, suggesting strong market confidence.

Market dynamics show CRV with a market capitalization of $1.41 billion, which has also seen a slight increase, reinforcing the growing acceptance and utility of the token. CRV's trading volume stands at $501.48 million, representing an increase of 3.47%, indicating increased trading activity, likely influenced by recent developments surrounding Curve Finance.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”5.0224215246637″>

More than <a target="_blank" href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw”>@BlackRockBUIDL has arrived at Curve! This time through <a target="_blank" href="https://twitter.com/ethena_labs?ref_src=twsrc%5Etfw”>@ethena_labs.

All roads lead to Curvehttps://t.co/hSAiF0Q5X0 https://t.co/yW5mnuDqTA pic.twitter.com/1RAk4Vj13j

— Curve Finance (@CurveFinance) <a target="_blank" href="https://twitter.com/CurveFinance/status/1868674630011273546?ref_src=twsrc%5Etfw”>December 16, 2024

The notable event includes Michael Egorov, founder of Curve Finance, participating in a large-scale buyback of 1.08 million CRV tokens at an average of $1,114, for a total of around $1.2 million. This action is a strong vote of confidence in the future of CRV, especially after the liquidation incident on June 13, with the goal of stabilizing or increasing the price of the token.

4.Gate Token (GT)

GateToken (GT), GateChain's native token, has shown impressive performance metrics over the past year, with a 163% price increase. At $13.64, GT has outperformed 69% of the top 100 crypto assets and surpassed major cryptocurrencies such as bitcoin and ethereum. This outperformance is reflected in its substantial position above the 200-day simple moving average (SMA) by 226.99%, indicating strong market sentiment and momentum.

The market capitalization of the token stands at $1.2 billion, with a significant increase in trading volume of 47.45% to $10.94 million, indicating growing liquidity and investor interest. Despite the absence of a maximum supply limit, the token's annual inflation rate is negative at -10.46%, which could be seen as a deflationary mechanism that potentially increases its value over time due to lower growth. of the offer.

The bullish sentiment around GT and an Extreme Greed Index score of 87 suggests a bullish market. However, such high levels of greed could also warn against potential market volatility or correction, urging investors to consider both opportunities and risks.

5. bitcoin Cash (BCH)

The current price of bitcoin Cash (BCH) is $539.80, showing an increase of 2.67% in the last 24 hours. This upward move has taken the market capitalization to $10.68 billion, while the fully diluted valuation (FDV) stands at $11.33 billion. The 24-hour trading volume reached $492.75 million, reflecting an increase of 2.00%, with a volume-to-market cap ratio of 4.59%.

BCH has had an impressive performance over the past year, with its price increasing by 145%. It has outperformed 64% of the top 100 crypto assets during this period. Technically, bitcoin Cash is trading well above its 200-day SMA, currently at $409.67, with its price 31.95% above this level.

The asset has also shown strong momentum in the market recently. Over the past 30 days, BCH experienced 19 green days, meaning it had a positive daily performance 63% of the time. With its market capitalization and trading volume, bitcoin Cash demonstrates high liquidity, indicating strong investor interest and market stability.

bitcoin Cash continues to show strength, driven by significant price growth and positive technical indicators. Investors can find confidence in its current upward trajectory and its consistent performance over the past year.

More information