{"id":464304,"date":"2023-12-08T18:26:23","date_gmt":"2023-12-08T18:26:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=464304"},"modified":"2023-12-08T18:26:23","modified_gmt":"2023-12-08T18:26:23","slug":"5-best-altcoins-to-invest-in-for-potential-christmas-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-best-altcoins-to-invest-in-for-potential-christmas-gains","title":{"rendered":"5 Best Altcoins to Invest in for Potential Christmas Gains"},"content":{"rendered":"<p>The recent surge in Bitcoin has revitalized the crypto market, with investors viewing this as a strong investment opportunity, considering other coins as well.<\/p>\n<p>Bitcoin&rsquo;s recent price jump to $45,000, a level not witnessed since early last year, is attributed to optimism that spot Bitcoin ETFs will soon be approved, which could significantly increase institutional adoption.<\/p>\n<p>This article highlights some of the <a href=\"https:\/\/insidebitcoins.com\/cryptocurrency\/most-promising-cryptocurrencies\">most promising altcoins<\/a> to consider for December 2023, including a fresh <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-crypto-presales\">presale project<\/a> with high upside potential.<\/p>\n<h2>Bitcoin (BTC)<\/h2>\n<p>BlackRock and Bitwise recently breathed new life into the highly anticipated spot Bitcoin ETF by updating their S-1 filings on December 4, 2023. This move suggests ongoing, productive discussions with regulators, fueling investor optimism.<\/p>\n<p>BlackRock&rsquo;s updated application now includes a new provision outlining the fund administrator&rsquo;s steps to monitor unusual price movements. It also incorporates an audited assessment from PwC and an anti-money laundering compliance clause.<\/p>\n<p><iframe title=\"Top 5 Crypto to Buy December - My 10x Altcoin Picks\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/FCny3M8cFzY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Since the submission of the updated filing, <a href=\"https:\/\/insidebitcoins.com\/cryptocurrency-price\/bitcoin-price\">Bitcoin price<\/a> has experienced a 4.7% gain, rising from $39,978 to $41,876. This increase underscores the excitement surrounding the potential approval of the spot Bitcoin exchange-traded fund.<\/p>\n<p>Analysts predict a Bitcoin price of $100K in 2024, supported by the potential approval of ETF applications early next year and the scarcity resulting from the Bitcoin halving event.<\/p>\n<h2>Solana (SOL)<\/h2>\n<p>Solana is displaying signs of recovery following the fallout from FTX, marked by a notable increase in DeFi activity and active addresses. Despite this positive trend, Solana is still down 72% from its peak, indicating a lengthy journey ahead for complete recovery.<\/p>\n<p>The price of Solana has experienced a significant bounce in the last few days, reclaiming the crucial support level of $61. SOL crypto is presently traded at $73.05, with the 10-day MA at $62.47 and the 100-day MA at $40.90.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-464306\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/sol-crypto-7-days-price-graph.png\" alt=\"SOL Crypto 7 Days Price Graph \" width=\"1920\" height=\"1080\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/sol-crypto-7-days-price-graph.png 1920w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/sol-crypto-7-days-price-graph-300x169.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/sol-crypto-7-days-price-graph-1024x576.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/sol-crypto-7-days-price-graph-768x432.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/sol-crypto-7-days-price-graph-1536x864.png 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\"><\/p>\n<p>Support levels are identified at $63.34 and $58.80, while resistance levels are noted at $70.60 and $78.50. Solana exhibits technical strength in the recent bounce, but the rise in leverage and the potential for long liquidations suggest a possible pullback before the next upward move.<\/p>\n<p>Monitoring $63.34 as a key support level is crucial for traders; otherwise, there could be further downside for $SOL. While recent developments and increased network activity indicate potential growth for Solana, long-term recovery depends on sustained ecosystem development and market sentiment.<\/p>\n<p>Investors should brace themselves for fluctuations, maintaining a cautious yet optimistic outlook for Solana&rsquo;s price appreciation.<\/p>\n<h2>Ethereum (ETH)<\/h2>\n<p>A dormant Ethereum whale has recently awakened, making a significant move of 39,260 $ETH worth approximately $87.5 million.<\/p>\n<p>This substantial transfer, according to on-chain analysis platform Lookonchain, marks the whale&rsquo;s full divestment of its holdings, which were initially acquired for roughly $11.34 million, resulting in a staggering net profit of $76 million &ndash; an impressive nearly 700% return.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">An early <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> whale appears to be selling ETH again after being dormant for 5 years.<\/p>\n<p>The whale deposited all 39,260 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($87.5M) to <a href=\"https:\/\/twitter.com\/hashtag\/Kraken?src=hash&amp;ref_src=twsrc%5Etfw\">#Kraken<\/a> 30 mins ago.<\/p>\n<p>The whale received 47,260 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($11.34M) at ~$240 from June to August 2017.<\/p>\n<p>If sold the whale would make a profit of ~$78M. <a href=\"https:\/\/t.co\/v0PI4LNTKO\">pic.twitter.com\/v0PI4LNTKO<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1731898303527186562?ref_src=twsrc%5Etfw\">December 5, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This move reflects the growing confidence in Ethereum and its increasing prominence within the cryptocurrency market. Currently, Ethereum trades below the key resistance level of $2,400. However, bulls are attempting to push the price above the 21-day SMA (Simple Moving Average), which acts as a crucial support level.<\/p>\n<p>This creates a tight trading range between $2,350 and $2,400. A decisive break above the $2,400 resistance would likely trigger a renewed uptrend. Given the current market dynamics and ongoing developments, the outlook for Ethereum is cautiously optimistic.<\/p>\n<p>The shift to a more efficient consensus mechanism and growing institutional interest suggest a potential upward trajectory in its value. However, challenges may arise from market volatility and regulatory developments, emphasizing the need for a balanced approach with expectations of moderate growth and occasional corrections.<\/p>\n<p>View the video above for an in-depth analysis of the five <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-altcoins\">best altcoins<\/a> for current investment opportunities, and subscribe to his <a href=\"https:\/\/www.youtube.com\/@JacobCryptoBury\">YouTube channel<\/a> for additional crypto-related content. Jacob Crypto Bury also runs a <a href=\"https:\/\/insidebitcoins.com\/visit\/jacob-crypto-bury-discord\" rel=\"nofollow\">Discord community<\/a> with 17,000 members, providing users with trading tips and information on <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/new-upcoming-icos\">upcoming crypto presales.<\/a><\/p>\n<h2>Sei (SEI)<\/h2>\n<p>By incorporating Ethereum Virtual Machine support in its V2 upgrade, Sei aims to enhance its blockchain capabilities. This strategic move positions Sei to attract a growing developer base and foster ecosystem expansion. This initiative underscores their commitment to innovation.<\/p>\n<p>At the time of writing Sei price is $0.27 with a 24-hour trading volume of $208.18 million and market cap of $602.65 million. The $SEI price increased 0.29% in the last 24 hours. Drawing insights from Sei&rsquo;s historical price trends and the BTC halving cycles, the projected minimum $SEI price for 2024 is anticipated to be around $0.23.<\/p>\n<p>Simultaneously, there is an expectation that the Sei price could reach as high as $0.43 in the coming year. The upcoming V2 upgrade holds the potential to draw a more extensive developer community to Sei.<\/p>\n<p>However, Sei faces significant challenges as it must navigate the complex integration with Ethereum, requiring meticulous attention and expertise. Additionally, ensuring strong network performance is crucial for success, making a seamless execution and positive market reception of the upgrade imperative.<\/p>\n<h2>Bitcoin ETF Token (BTCETF)<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" rel=\"nofollow\">Bitcoin ETF Token<\/a> is an <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-erc-20-tokens\">ERC20 token<\/a> presale, carefully designed project linked to regulatory events, especially the potential SEC approval of Bitcoin ETFs, expected as early as December 2023. Although the token isn&rsquo;t officially tied to Bitcoin ETFs, its roadmap aligns with key market events.<\/p>\n<p>This deflationary cryptocurrency plans five token-burning events, triggered by milestones tied to the first Bitcoin Spot ETF release, burning a quarter of the token supply over time. Bitcoin ETF Token imposes a 5% trading tax, gradually reducing by 1% after each milestone.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Just 48 hours left until Stage 8 of <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinETF?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinETF<\/a> concludes! <\/p>\n<p>Keep your eyes on the clock! &#128338; <a href=\"https:\/\/t.co\/x2TaWNUb77\">pic.twitter.com\/x2TaWNUb77<\/a><\/p>\n<p>&mdash; BTCETF_Token (@BTCETF_Token) <a href=\"https:\/\/twitter.com\/BTCETF_Token\/status\/1733094144216621549?ref_src=twsrc%5Etfw\">December 8, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the ongoing crypto presale, 40% of Bitcoin ETF Token&rsquo;s token supply is allocated, divided into ten rounds, each offering 84 million tokens. The current presale stage has raised over $3 million, pricing $BTCETF tokens at $0.0064 each, set to rise to $0.0068 in the final round.<\/p>\n<p>Early presale participants can stake $BTCETF and earn substantial annual yields, with the current <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-staking-coins\">staking<\/a> APY at 87%. Investors can opt for the &lsquo;Buy and Stake&rsquo; feature on the presale website to directly stake their holdings. Potential investors can visit our <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/how-to-buy-bitcoin-etf-token\">guide on how to buy Bitcoin ETF Token here<\/a>.<\/p>\n<p>Keep up with <a href=\"https:\/\/twitter.com\/BTCETF_Token\">Bitcoin ETF Token on X<\/a> and the <a href=\"https:\/\/t.me\/BTCETF_Token\">Bitcoin ETF Token Telegram channel<\/a> for the latest updates on the spot Bitcoin ETF approval and developments related to the $BTCETF project. To take part in the $BTCETF token presale visit <a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" rel=\"nofollow\">btcetftoken.com.<\/a><\/p>\n<h3>Related<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-now-december-8-ftx-token-gas-render\">Best Crypto to Buy Now December 8 &ndash; FTX Token, Gas, Render<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/top-crypto-gainers-today-dec-8-bonk-optimism-solana-sui\">Top Crypto Gainers Today Dec 8 &ndash; Bonk, Optimism, Solana, Sui<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/as-top-investor-sees-altcoins-exploding-in-january-what-are-the-best-altcoins-to-buy-right-now\">As Top Investor Sees Altcoins Exploding In January, What Are The Best Altcoins To Buy Right Now?<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/5-best-altcoins-to-invest-in-right-now-december-7-algorand-monero-bitcoin-etf-token\">5 Best Altcoins to Invest in Right Now December 7 &ndash; 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Bitcoin&rsquo;s <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1899,"featured_media":464305,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Best Altcoins to Invest in for Potential Christmas Gains - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The recent surge in Bitcoin has revitalized the crypto market, with investors viewing this as a strong investment opportunity, considering other coins as\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/464304\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Best Altcoins to Invest in for Potential Christmas Gains\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-08T18:26:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/5-best-altcoins-to-buy-for-potential-christmas-gains.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Rochelle Manalo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@deydom2728\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rochelle Manalo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/464304#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/464304\"},\"author\":{\"name\":\"Rochelle Manalo\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/2fa4e9ff206bfc5c9952150c425eef49\"},\"headline\":\"5 Best Altcoins to Invest in for Potential Christmas Gains\",\"datePublished\":\"2023-12-08T18:26:23+00:00\",\"dateModified\":\"2023-12-08T18:26:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/464304\"},\"wordCount\":1089,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/464304#respond\"]}],\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/464304#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/464304\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/464304\",\"name\":\"5 Best Altcoins to Invest in for Potential Christmas Gains - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2023-12-08T18:26:23+00:00\",\"dateModified\":\"2023-12-08T18:26:23+00:00\",\"description\":\"The recent surge in Bitcoin has revitalized the crypto market, with investors viewing this as a strong investment opportunity, considering other coins as\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/464304\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/464304#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/464304#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; 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