Most major cryptocurrencies have seen strong momentum recently, but cryptocurrency investors are still awaiting further regulatory changes.
Cryptocurrency bulls believe the erratic market is headed for new highs and are hopeful that more institutional investors will begin to embrace cryptocurrencies as a result of clearer regulations.
We have selected these cryptocurrencies below that we believe have what it takes to meet the challenges of the market and bitcoin–ethereum-ripple-btc-eyes-45-000-as-fomc-minutes-spur-volatility-202312132359″ target=”_blank” rel=”noopener nofollow”>record significant price increases before December 25.
Top 5 Cryptocurrencies Seen Rising Before Christmas
AVAX
Of the top 10 projects, Avalanche (AVAX) is the best performing cryptocurrency at the moment. The token is up over 116% over the last month, over 82% in the past 14 days, and over 50% on the weekly charts.
AVAX price has risen about 270% since January 2023, outpacing Bitcin's (btc) gain of around 150% in the same period.
Perhaps JPMorgan and Citi's real-world asset (RWA) tokenization activities with the Avalanche Foundation influenced AVAX's performance in December.
ethereum on the rise
ethereum is a blockchain platform and cryptocurrency popular among developers due to its potential uses, including non-fungible tokens (NFTs) and so-called smart contracts, which are automatically executed when certain conditions are met.
ethereum has grown astronomically also. Its price increased by 20,054% from April 2016 to December 2023, from approximately $11 to more than $2,000 in value.
With a market capitalization of $270 billion, a 24-hour trading volume of $13.81 billion, and 17% market dominance, ethereum is currently trading at $2,253.
As of today, the market cap of cryptocurrencies stood at $1.56 trillion. Chart: TradingView.com
XRP unfazed by challenges
XRP
XRP is a cryptocurrency used on the Ripple network to enable the exchange of various currencies, including fiat currencies and other prominent cryptocurrencies. Ripple is a payment processing and digital technology company founded by some of the same people.
The price of XRP was $0.006 at the beginning of 2017. Its price increased by more than 10,000% to $0.62 on December 12, 2023.
The $2,408 level was thecrypto/ripple/” target=”_blank” rel=”noopener nofollow”> highest eth price from the low of the previous cycle. According to Coincodex, the sentiment around the ethereum price prediction is currently positive, and the Fear & Greed index is currently at 67 (Greed).
Solana emerges amid DeFi growth
SUN
Solana (SOL) is recovering significantly and has seen an increase in DeFi and nft activities within its ecosystem. Due to its growing stake with its SPL tokens and its partnerships with key exchanges like Coinbase and BNB, Solana's price has recently increased.
On November 6, 2021, Solana reached its highest price of $259.52, its all-time high. On May 11, 2020, Solana recorded its lowest price of $0.503701.
At $74.00, Solana has a market capitalization of $31 billion, a 24-hour trading volume of around $5 billion, and 1.95% market dominance.
bitcoin still reigns supreme
Almost 14 years after its creation, bitcoin remains the most valued and loved in the world. cryptocurrency.
bitcoin price volatility has increased as the Federal Reserve has kept interest rates unchanged. But the expectation of further rate cuts has spurred bullish momentum in the cryptocurrency market, with bitcoin leading the way in terms of gains.
An increase in buying pressure would cause the price of bitcoin to rise, perhaps surpassing the high range of $44,700 and reaching $45,000, which is 6% above its current levels. In a very bullish scenario, bitcoin can reach the psychological mark of $48,000. A measure like that would represent a 12% increase over the current level.
As the holiday season approaches, the rationale behind selecting these cryptocurrencies as preferred assets reflects a diverse and informed investment strategy prepared to navigate the changing dynamics of the cryptocurrency market.
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