The cryptocurrency market has shown strong bullish price action in recent days. This has led to the crypto space reaching a new ATH. Furthermore, with Bitcoin price hovering above $97,000, the altcoin market is gaining momentum.
Are you planning to invest in undervalued altcoins but worried about their prospects? In this article, we have discussed the top 3 cryptocurrencies that have the potential to outperform top projects during the last month of the year 2024.
Bot ShibaSwap (BONE)
Bone ShibaSwap (BONE) (DOGE-Killer), built on the Ethereum chain, is the ShibaSwap (DEX) governance token. It allows users to vote on proposals, submit proposals, and access NFTs. However, SHIB is considered the “Dogecoin (DOGE) killer” and the second largest memecoin.
The Bone ShiabSwap has seen great growth in its community in recent days. This has led to this meme coin reaching a market cap of ~146 million. This currently puts the BONE token in 381st position on the crypto market.
If the cryptocurrency market experiences an altcoin season, it could push the price of this memecoin to a high of $2 by the end of the year. Conversely, a bearish reversal could pull the price towards the crucial low of $0.3128.
Aethir (ATH)
This altcoin revolutionizes “DePIN” with its advanced and distributed infrastructure tailor-made for AI and gaming. Furthermore, Aethir aims to serve enterprise “AI customers” who need the most powerful AI chips in the world. All of this is accomplished by bringing the GPU cloud to the community and making it accessible to everyone.
The Relative Strength Index (RSI) has crossed the overbought range. Furthermore, the SMA indicator is continuously supporting the Aethir price chart, indicating a bullish outlook for the near future.
Suppose, given the bullish sentiment, ATH price could be preparing to retest its all-time high this year. On the other hand, if the bears come back to power, this altcoin could retest its lower support level of $0.050.
Decred (DCR)
Decred is considered evolved money. By combining proven PoW with an innovative application of PoS, Decred can particularly adapt to challenges. Moreover, security, privacy, scalability, and decentralized treasury provide the tools to increase financial sovereignty.
The Decerd price is currently valued at $17.02 with a 24-hour trading volume of $3.123 million. Moreover, with a market capitalization of $284.73 million, it has secured the 263rd position in the global cryptocurrency market.
With the increased price volatility, Decerd price could retest its multi-year high. Conversely, if the bears gain momentum, this altcoin could retest its crucial low of $10.
Credit : coinpedia.org
