{"id":611322,"date":"2024-12-18T15:32:07","date_gmt":"2024-12-18T15:32:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=611322"},"modified":"2024-12-18T15:32:07","modified_gmt":"2024-12-18T15:32:07","slug":"best-cryptocurrencies-to-invest-in-right-now-december-18-cardano-render-filecoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-cryptocurrencies-to-invest-in-right-now-december-18-cardano-render-filecoin","title":{"rendered":"Best Cryptocurrencies to Invest in Right Now December 18 – Cardano, Render, Filecoin"},"content":{"rendered":"

The potential approval of altcoin exchange-traded funds (ETFs) in the U.S. could significantly influence cryptocurrency prices and expand investor access. Bloomberg ETF analyst Eric Balchunas predicts that ETFs for altcoins like XRP, Litecoin, Hedera, and Solana may receive regulatory approval soon.<\/span><\/p>\n

If approved, these ETFs would allow institutional and retail investors to engage with altcoins via traditional financial markets, boosting demand and liquidity. This reflects the increasing acceptance of digital assets within regulated systems. With market sentiment bullish, investors may find this a suitable time to explore top-performing cryptocurrencies showing growth potential and assess risks for informed decisions. This article will examine some of the<\/span> best cryptocurrencies to invest in right now<\/a>.<\/span><\/p>\n

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

Chainlink has joined forces with Hedera to integrate its decentralized oracle technology. Meanwhile, Cardano is experiencing increased activity from large investors, suggesting growing confidence in the platform. Filecoin (FIL) is currently priced at $6.05, marking a 35.64% increase over the past month.<\/span><\/p>\n

1. Cardano (ADA)<\/b><\/h3>\n

Cardano has seen a notable increase in whale activity, signaling renewed investor confidence. Recent data reveals that large holders accumulated 80 million ADA tokens within the past 48 hours, valued at approximately $85.6 million. This transaction surge highlights significant interest from major investors, suggesting optimism for ADA’s long-term performance.  <\/span><\/p>\n

\"ADA<\/p>\n

The Cardano network emphasizes its commitment to peer-reviewed research, ensuring that technological developments are robust and well-tested. With ongoing advancements within its ecosystem, the increased whale accumulation reflects expectations for further price appreciation. <\/span><\/p>\n

\"ADA<\/span>
\n<\/span>Analysts forecast ADA’s value could sequentially climb to $1.46, $1.76, and potentially $2.04. Currently, ADA is trading at $1.05, marking a 2.12% rise over the past seven days and a 38.41% gain over the last month. This consistent upward trend has drawn the attention of investors and strengthened market confidence in the Cardano network.  <\/span><\/p>\n

The heightened whale activity underlines growing institutional interest and reinforces speculation about ADA’s price movement soon. As the ecosystem develops further and investor engagement increases, Cardano remains a key cryptocurrency to monitor closely. <\/span><\/p>\n

2. Chainlink (LINK)<\/b><\/h3>\n

Chainlink has partnered with Hedera to integrate its decentralized oracle solutions, aiming to advance decentralized finance (DeFi) and tokenize real-world assets (RWA). This collaboration will incorporate Chainlink’s Data Feeds and Proof of Reserve into the Hedera ecosystem, providing developers with a secure, transparent, decentralized data infrastructure.<\/span><\/p>\n

Through this integration, developers on the Hedera network will gain access to accurate and tamper-proof market data via Chainlink’s Data Feeds. This will enhance the reliability and security of DeFi platforms and applications, especially those focused on tokenized assets. <\/span><\/p>\n

\"LINK<\/span>
\n<\/span>By enabling access to precise data, the partnership aims to support the development of innovative financial products in the decentralized space. Meanwhile, the announcement sparked notable market activity for Chainlink (LINK).<\/span><\/p>\n

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#Chainlink<\/a> Data Feeds and Proof of Reserve are now live on @hedera<\/a> mainnet.<\/p>\n

How the Chainlink standard enables Hedera developers to build secure DeFi apps and scalable tokenized RWAs ↓https:\/\/t.co\/NEzknjsAlI<\/a> pic.twitter.com\/2StH7TDYXu<\/a><\/p>\n

— Chainlink (@chainlink) December 16, 2024<\/a><\/p><\/blockquote>\n