{"id":607035,"date":"2024-12-05T07:33:27","date_gmt":"2024-12-05T07:33:27","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=607035"},"modified":"2024-12-05T07:33:27","modified_gmt":"2024-12-05T07:33:27","slug":"best-cryptocurrencies-to-invest-in-right-now-december-4-bittensor-cosmos-stacks","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-cryptocurrencies-to-invest-in-right-now-december-4-bittensor-cosmos-stacks","title":{"rendered":"Best Cryptocurrencies to Invest in Right Now December 4 – Bittensor, Cosmos, Stacks"},"content":{"rendered":"

Bitcoin has reached a significant milestone, crossing the $100,000 mark. This represents a 49.25% rise from its monthly low, pushing its market cap to an impressive $2 trillion. With this achievement, Bitcoin has surpassed the valuation of major global entities like Saudi Aramco and Facebook.  <\/span><\/p>\n

The news has sparked widespread excitement within the crypto community, with celebrations spilling into the streets as Bitcoin enthusiasts marked the occasion. This surge in Bitcoin’s value has also bolstered the altcoin market, gaining momentum as investors turn their attention to other promising cryptocurrencies. As such, this analysis highlights the<\/span> best cryptocurrencies to invest in now<\/a>.<\/span><\/p>\n

Best Cryptocurrencies to Invest in Right Now<\/b><\/h2>\n

Bittensor is currently valued at $687.11, a 15% increase in the past 24 hours. Stacks recently unveiled its sBTC deployment plan, a significant step in the development of its ecosystem. <\/span><\/p>\n

Furthermore, Jupiter attracts attention due to its commitment to fair reward distribution between the team and its community. In broader market news, <\/span>Bitcoin<\/span><\/a> recently achieved the $100,000 milestone, a long-anticipated achievement.<\/span><\/p>\n

1. Bittensor (TAO)<\/b><\/h3>\n

Bittensor is valued at $687.11, reflecting a 15% rise in the past 24 hours. Its 24-hour trading volume is $950.19 million, with a market capitalization of $5.06 billion, giving it a market dominance of 0.14%. The current market sentiment is positive, as indicated by a bullish outlook and a Fear & Greed Index score of 78, signifying “Extreme Greed.”<\/span><\/p>\n

Over the past year, TAO’s price has climbed by 104%, demonstrating significant growth. It is trading well above its 200-day simple moving average (SMA) of $122.07, exceeding 462.22%. Additionally, the cryptocurrency has maintained a strong performance recently, with 18 green days recorded out of the last 30 (60%).<\/span><\/p>\n

\"TAO<\/p>\n

The 14-day Relative Strength Index (RSI) is at 56.85, suggesting a neutral stance and the possibility of sideways price movement in the near term. This metric may indicate a period of stability or consolidation. <\/span><\/p>\n

Meanwhile, Bittensor’s high liquidity, relative to its market size, supports efficient trading and market stability. These factors and consistent trading above its 200-day SMA suggest that the token is maintaining strong momentum. However, given the fast-paced rise in its value, investors may wish to remain cautious and consider potential market corrections.<\/span><\/p>\n

2. Jupiter (JUP)<\/b><\/h3>\n

Jupiter is currently priced at $1.3024, with the token experiencing a decline of 0.98% in the past 24 hours. Despite this short-term dip, the price sentiment remains optimistic, with a Fear & Greed Index of 84, indicating “Extreme Greed.”<\/span><\/p>\n

The project has gained attention due to its focus on equitable reward distribution between the community and the team. The Jupuary event, which went live on December 4, reflects Jupiter’s strategy to engage all segments of its user base. Instead of traditional vesting methods, the initiative encourages community alignment, with JUP tokens being used actively for governance votes. <\/span><\/p>\n

\"JUP<\/p>\n

Furthermore, token holders can stake JUP and benefit from the protocol’s revenue-sharing mechanism. From a technical perspective, Jupiter’s trading activity is noteworthy. The token is currently trading significantly above its 200-day simple moving average of $0.003332, representing a remarkable 38,961.16% increase. This places it near its recent cycle high of $1.35334, indicating strong market performance.<\/span><\/p>\n

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The second Jupuary vote will go live in about an hour from now at 4AM UTC!<\/p>\n

Join the J.U.P rally at 3:30 AM UTC to listen to a review of the feedback collected and the changes in the proposal. <\/p>\n

We will then kick-off the vote live during the call! 🔥 https:\/\/t.co\/EteBzqzAgw<\/a><\/p>\n

— Jupiter 🪐 (@JupiterExchange) December 4, 2024<\/a><\/p><\/blockquote>\n