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Digital assets are witnessing a green December, with the cryptocurrency market capitalization surging 7.2% to reach $3.49 trillion. This record metric reflects a continuation of the market rally following Donald Trump’s victory in the concluded US polls. Experts believe Trump’s pro-crypto stance will drive the adoption and introduction of favorable regulatory changes.
Meanwhile, altcoins are beginning to break out and could revisit or surpass their previous all-time highs, according to TradingView data. Analysts believe the current market outlook will continue fueling altcoin growth, with investors looking to capitalize on the sustained growth. Altcoins like Toncoin and BNB are already riding this wave, showcasing metrics worthy of consideration among the best altcoins to watch today.
6 Best Altcoins To Watch Today
BNB recently hit new ATHs following months of resistance. Meanwhile, Curve Finance has generated annualized revenues of approximately $37 million in the last 30 days. The Open Network (TON) has partnered with the memecoin launchpad platform GraFunis to expand its presence in the memecoin sector. On another front, Britain aims to challenge the U.S. as the leading global crypto hub, though skepticism persists within the industry.
1. OKB (OKB)
OKB, a cryptocurrency launched by the OK Blockchain Foundation and the Malta-based crypto exchange OKEx, remains a significant player in the digital asset market. OKEx is one of the leading global exchanges, ranking third in liquidity and fourth in trading volume. It also offers a broad range of trading pairs, making it a popular platform for traders.
OKB is priced at 59.90, reflecting an increase of 10.7% in the past 24 hours. Over the past year, the coin has grown by 6%, indicating steady, though moderate, progress. Market sentiment for OKB is currently bullish. This is supported by the Fear & Greed Index, which stands at 78, indicating a state of extreme greed among investors.
The flocks always helping each other reach their goals!
Teamwork makes the dream work! pic.twitter.com/Mk97zpMy37
— Flockerz (@FlockerzToken) December 2, 2024
From a technical perspective, OKB is trading above its 200-day Simple Moving Average (SMA) of 52.16. The current price is 15.21% higher than this benchmark, suggesting a continued upward trend. Over the past 30 days, the token experienced 16 green days, meaning the price increased by 53%. This points to consistent, though not overwhelming, positive momentum.
2. Bitget Token (BGB)
Bitget Token (BGB) is priced at 1.715434 and has increased by 10.84% over the past 24 hours. This recent price movement reflects a bullish market sentiment. The Fear & Greed Index also stands at 78, indicating “Extreme Greed.”
Over the past year, BGB has shown substantial growth, with a 234% increase in value. It has also outperformed 71% of the top 100 cryptocurrencies during the same period. Its performance has been stronger than that of major assets like Bitcoin and Ethereum.
The token is trading significantly above its 200-day Simple Moving Average (SMA), currently at 0.458521. It is now 275.65% higher than this long-term moving average. Regarding trading activity, BGB has recorded 18 positive days out of the last 30, which translates to a 60% success rate.
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— BitgetBuilders (@BitgetBuilders) December 4, 2024
BGB is also trading near its all-time high. This highlights its sustained upward trend over time. While the token’s performance suggests a strong market position and notable growth, market conditions and external factors could still influence future price movements.
3. Toncoin (TON)
The Open Network (TON) is set to expand its presence in the memecoin sector following its recent partnership with memecoin launchpad platform GraFun. Through this partnership, users can leverage GraFun’s launchpad to easily create and trade meme coins directly inside Telegram.
The TON ecosystem is witnessing a dynamic trend shift, with TON-based telegram mini apps like MAJOR and Catizen unveiling new revenue-sharing schemes to incentivize users. As a result, the network has seen increased participation recently.
TON’s native token, Toncoin, has also witnessed impressive market trends, rallying 47.27% MTD. As of the time of writing, TON trades at $7.18 after an 8% increase in the past 24 hours. TON has increased by 199% year-to-date, surpassing Bitcoin and Ethereum’s performance.
💎 We're witnessing a dynamic trend with $TON-based Telegram mini apps implementing additional revenue-sharing mechanisms that benefit users directly. These strategies not only enhance user experience but also help maintain the long-term value of their tokens as an extra… pic.twitter.com/PQopJCHMVF
— TON 💎 (@ton_blockchain) December 3, 2024
Toncoin is trading above its 200-day SMA of $2.03 and near its cycle high of $7.16. Meanwhile, it has recorded 19 green days MTD. Furthermore, the Fear & Greed Index shows 78 (Extreme Greed), reflecting a positive market sentiment.
4. BNB (BNB)
BNB has also staked its claim in the high-flying altcoin market, recording a new all-time high following months of resistance. The cryptocurrency reached an ATh of $ 771.74 on 4 December after trading between an eight-month-long resistance zone of $572 and $619.
Alongside this northbound price movement, BNB has witnessed a surge in market activity, reflected by its current Fear & Greed Index of 78. This current trend indicates positive investor sentiment and a continued upward trajectory. Market data shows that momentum remains intact and suggests that BNB could continue its uptrend.
Beacon Chain Fusion is completed! 🎉
🔸 BNB Beacon Chain is shut down, with governance & staking now on BSC
🔸 Historical data will be on BNB Greenfield
🔸 Didn’t migrate your assets to BSC? Token recovery tool is coming soon via on-chain governance! 👇https://t.co/UEabMtOSYo pic.twitter.com/WE4YHXS7Cl— BNB Chain (@BNBCHAIN) December 3, 2024
BNB’s overwhelmingly positive market sentiment has seen the coin surge by 18% in the last 24 hours, trading at $767. As expected, this market growth has liquidated short positions worth $3 million. BNB trades above the 200-day SMA of $ 567.08 following 18 green days in the past month.
5. Quant (QNT)
Quant (QNT) is currently ranked #77 in the cryptocurrency market. The token is priced at 149.59, reflecting a 5.31% increase in the past 24 hours. It has a market capitalization of 1.81 billion, while the 24-hour trading volume stands at 160.14 million. This results in a Vol/Mkt Cap ratio of 8.86%.
Quant has shown steady growth, with its price increasing by 49% over the last year. The token trades significantly above its 200-day simple moving average of 79.34, showing an 89.42% premium. This indicates strong momentum in its current performance. Furthermore, Quant has had 18 green days in the past 30 days, translating to a 60% success rate.
The current market sentiment is bullish, supported by a Fear & Greed Index score of 78, which reflects extreme greed. This suggests a growing confidence among investors. Quant also benefits from high liquidity relative to its market cap, contributing to its trading activity stability.
In December 2024, Quant is predicted to trade between 136.64 and 152.42, with an average estimated price of 144.46. If this forecast holds, it would represent a 3.37% decline compared to its current price. This creates an opportunity for short sellers, who see a potential return on investment of 8.61%.
6. FreeDum Fighters ($DUM)
FreeDum Fighters (DUM) has gained attention as its presale nears its end, with less than five days remaining. The project combines a political narrative with cryptocurrency, offering an interactive experience. It positions itself as a PolitiFi token that gamifies U.S. politics through a fictionalized universe, raising over 713,000.
The project features two fictional factions. The FreeDum Party, led by MAGATRON (a Trump-inspired figure), includes a mad scientist resembling Elon Musk and DOGE. The opposing LibDum Party is headed by Kamacop 9000, a Kamala Harris-inspired character, along with Pepe the Frog and a Biden-like figure. Token holders can stake their DUM coins to vote for their preferred faction while earning rewards.
Each faction offers distinct staking rates. The FreeDum Party pool provides a 231% annual yield, while the LibDum Party offers 345%. Meanwhile, 20% of the total token supply is allocated for staking rewards to sustain this system. Weekly debates and meme contests hosted on social media offer further community incentives.
Time is running out!
5 days left to buy $DUM before we launch 🔥🔫 pic.twitter.com/Jdt0eX7Qv1
— FreeDum Fighters (@Freedum_Fighter) December 2, 2024
The PolitiFi trend remains strong, driven by political events like Trump’s upcoming inauguration and Elon Musk’s congressional appearance. FreeDum Fighters integrates popular figures and timed its launch to align with these events.
Visit FreeDum Fighters Presale
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