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Today, Bitcoin’s dominance fell below 60%, signaling a notable market shift favoring altcoins. The Altcoin Season Index, which currently stands at 65, highlights this trend, indicating that altcoins outperform Bitcoin. However, the surge is not as pronounced as in previous altcoin seasons.
Historical data suggests that Bitcoin often regains market dominance following strong altcoin rallies. While Bitcoin remains resilient, the growing strength of altcoins reflects a shift in investor sentiment and market dynamics. With altcoins leading the market, attention has turned to identifying which projects hold the most promise. This article will analyze the top crypto to invest in right now, examining their potential in the evolving market environment.
Top Crypto to Invest in Right Now
BNB is currently valued at $714.87, with a 24-hour trading volume of $2.48 billion and a market capitalization of $105.42 billion. Meanwhile, VeChain (VET) has announced its upcoming upgrade, VeChain Renaissance, which aims to align rewards more effectively with network impact. At the same time, PEPU has gained notable traction, emerging as the top trending coin on CoinMarketCap as of December 13.
1. BNB (BNB)
BNB is currently priced at $714.87, with a 24-hour trading volume of $2.48 billion and a market capitalization of $105.42 billion, giving it a market dominance of 2.89%. Over the past 24 hours, BNB has seen a slight decline of 0.46%, though its broader outlook remains positive.
The price prediction sentiment for BNB is bullish, supported by the Fear & Greed Index, which currently stands at 83, indicating “Extreme Greed.” Additionally, BNB is trading 23.16% above its 200-day simple moving average (SMA) of $581.61, suggesting strong upward momentum in the long term.
In terms of recent performance, BNB has recorded 16 green days in the last 30 days, reflecting consistent price stability and growth. However, with a 14-day Relative Strength Index (RSI) of 61.80, the asset appears to be in neutral territory, signaling the potential for sideways price movement in the near term.
BNB’s price is also trading close to its cycle high, which reflects growing investor confidence. Its positive performance compared to the initial token sale price adds further credibility to its long-term value proposition.
2. VeChain (VET)
VeChain (VET) has unveiled its upcoming upgrade, VeChain Renaissance, which focuses on aligning rewards with network impacts through four major changes. This initiative aims to enhance stakeholder engagement while driving sustainable network growth by leveraging user and developer contributions.
A key highlight is VeChain’s successful two-token system, where VET serves as the utility token, and VTHO operates as the gas token. By separating these functions, VeChain has managed to deliver scalable commercial applications while addressing challenges such as unpredictable transaction fees.
— VeChain (@vechainofficial) December 12, 2024
At the time of writing, VET is trading at $0.05681, reflecting a decline of 4.73%. Despite this drop, VeChain remains 77.60% above its 200-day simple moving average (SMA) of $0.032033, suggesting an upward trend. Additionally, the 14-day Relative Strength Index (RSI) is at 61.04, indicating neutral conditions with potential sideways movement.
In the past 30 days, VET recorded 19 positive trading days, reflecting its consistent market activity. The 24-hour volume-to-market cap ratio stands at 0.0544, signifying moderate liquidity relative to its market cap. Furthermore, VeChain is projected to trade between $0.054942 to $0.061232 by year-end. If the average price reaches $0.058071, this would result in a modest 6.35% gain from current levels.
3. Bittensor (TAO)
Bittensor is currently trading at $568.32, with a 24-hour trading volume of $304.14 million and a market capitalization of $4.19 billion. This places its market dominance at approximately 0.12%. Over the past 24 hours, the price has experienced a slight decline of 1.97%, reflecting the inherent volatility in the cryptocurrency market.
The price prediction sentiment for Bittensor remains bearish, suggesting a cautious outlook among investors. However, the Fear & Greed Index, showing a score of 83 (Extreme Greed), indicates heightened investor interest and optimism in the broader market.
From a technical perspective, Bittensor is trading well above its 200-day simple moving average (SMA) of $122.07, marking a substantial 364.62% increase. This demonstrates strong upward momentum over the longer term. Additionally, Bittensor has recorded 18 green days in the last 30 days, equating to a 60% positive trading trend.
The 14-day Relative Strength Index (RSI) stands at 56.85, placing the token in a neutral range. This suggests that Bittensor is neither overbought nor oversold and may continue to trade sideways soon.
Furthermore, the asset benefits from high liquidity relative to its market cap, enhancing its ability to accommodate large trades without significant price fluctuations. Bittensor’s strong technical indicators and liquidity levels make TAO worth monitoring, though short-term price movements remain uncertain.
4. Pepe Unchained (PEPU)
Pepe Unchained has shown remarkable early performance, reaching a market capitalization of $200 million and delivering over 3 times the returns for presale investors. Early investors secured tokens for just $0.008 in its presale’s initial stage.
PEPE UNCHAINED L2 IS LIVE!
Yesterday’s launch went off without a hitch.
Our L2 network handled the massive volume effortlessly and is now ready to welcome the masses!
Check out our official block explorer, Pepuscan, and witness this greatness firsthand.… pic.twitter.com/0EJ7itirOz
— Pepe Unchained (@pepe_unchained) December 11, 2024
At press time, PEPU is trading at $0.03218 and has gained significant momentum, becoming the top trending coin on CoinMarketCap as of December 13. Despite not yet being listed on centralized exchanges (CEX), the project has attracted widespread attention and investor interest.
Pepe Unchained has already entered the top 25 meme coins by market capitalization. If its current growth trajectory continues, it could achieve a $1 billion market cap, positioning it as a strong competitor in the meme coin sector.
The project raised an impressive $74 million during its presale, setting an industry milestone before its official launch on December 10. The token’s rapid performance on platforms like DexTools and Uniswap highlights strong demand. With upcoming CEX listings anticipated, trading activity and visibility are expected to increase, potentially pushing PEPU further up the market ranks.
5. Theta Network (THETA)
Theta Token is currently priced at $2.64, with a 24-hour trading volume of $218.80 million and a market capitalization of $2.30 billion, reflecting a market dominance of 0.06%. Over the past 24 hours, THETA has seen a decline of 3.08%, though its performance over the past year remains strong.
The token has increased by 145% in the last year and outperformed both Bitcoin and Ethereum, as well as 68% of the top 100 crypto assets. Currently, Theta is trading 59.14% above its 200-day simple moving average (SMA) of $1.66, highlighting its sustained upward trend.
Theta Edge Node v.5.1.4 is out now! Your node will upgrade automatically, adding real-time alerts for Edge Compute reward payouts, Elite Booster rewards, and release notes for future version updates. Not running an Edge Node already? Start earning now at https://t.co/Dgn0dzE1g4! pic.twitter.com/y1FzPuNU4a
— Theta Network (@Theta_Network) December 12, 2024
Additionally, the token has recorded 20 green days in the last 30, accounting for 67% of the period, which reflects consistent positive performance. Despite recent fluctuations, its liquidity remains high relative to its market capitalization, making it an attractive option for investors.
The 14-day RSI sits at 45.65, suggesting neutral momentum and the possibility of sideways price movement in the short term. Looking ahead, Theta Token is predicted to trade between $2.73 and $2.94 by the end of the year. This forecast implies a potential 7.88% increase from its current price, with an estimated average of $2.85.
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