5 Altcoins that have the Potential to Rise in December: Ada Cardano

Bittime - Find out the 5 altcoins with upside potential in December 2024. Discover why Cardano and other coins are worth keeping an eye on, as well as what affects their prices. 

December 2024 is an exciting month for altcoin investors. Although Bitcoin (BTC) dominates the market with its soaring prices, altcoins still have great potential for gains.

Some altcoins showed impressive performance and are worth considering this month. Here are five altcoins that deserve your attention in December 2024.

In December, the crypto market is faced with a number of important events and announcements that could significantly affect altcoin prices.

These include coin unlocks and hard forks scheduled for several projects. Investors will also be looking closely at how general market trends will affect altcoin price movements. Let's take a look at five altcoins that could experience price spikes this December.

Also read: When will the Altcoin Season Start in 2024 and 2025? Here are the signs!

1. Horizen (ZEN)

Horizen, which has been around since 2017, is known for its application of zero-knowledge (ZK) technology that provides a more secure and decentralized blockchain application.

On December 12, Horizen will conduct its first halving which reduces ZEN miner rewards from 6.25 to 3.125. This is expected to have an effect on the price of ZEN, and could provide an opportunity for price increases in the coming weeks.

2. Kaspa (KAS)

Kaspa (KAS) gained attention in late 2023 due to its speed in blockchain transactions. The coin reached its highest point in August 2024 at $0.2075, but has experienced a price drop since then.

On December 1, 2024, Kaspa will conduct a hard fork that is expected to improve its blockchain performance. If the hard fork is successful, the price of KAS could skyrocket again.

3. Stacks (STX)

Stacks (STX) is a project that enables smart contracts on top of the Bitcoin blockchain. On December 16, 2024, Stacks will launch sBTC, a 1:1 Bitcoin-backed asset.

This launch is expected to increase the value of STX as it provides additional benefits for Bitcoin users who want to utilize smart contracts. So, STX is worth keeping an eye on in December.

Also read: Bitcoin Price Prediction and 9 Best Altcoins for 2024

4. Sui (SUI)

Sui (SUI) is an altcoin launched in 2023 and is famous for its horizontal scaling technology for fast and cheap transactions. On December 1, 2024, SUI will unlock 64.2 million coins, which represents 2.26% of the circulating supply.

This coin opening may cause price fluctuations, but SUI remains an attractive option for investors.

5. Cardano (ADA)

Cardano (ADA) is a blockchain based on academic research and supports decentralized development with two separate layers.

On December 1, 2024, more than 18 million ADA will be unlocked, which may affect the price of ADA. Cardano has built a loyal fan base and remains one of the most popular altcoins on the crypto market.

December 2024 will be an interesting time for altcoins with various events that could move the market.

Some coins such as ZEN, KAS, STX, SUI, and ADA have the potential to provide profits for savvy investors. Be sure to keep up with the latest developments and be prepared for opportunities that may arise.

With the growing interest in blockchain technology and ever-evolving innovations, altcoins could be an attractive option later this year. Don't miss out on December's potential altcoin price rise!

FAQ

Which altcoins have the potential to rise in December 2024?

The five altcoins that have the potential to rise in December 2024 are Horizen (ZEN), Kaspa (KAS), Stacks (STX), Sui (SUI), and Cardano (ADA).

What influences the potential price increase of altcoins in December 2024?

Some of the factors affecting altcoin price increases in December include important events such as halvings, hard forks, and new product launches, as planned by several projects such as ZEN, KAS, STX, and SUI.

Why is Cardano (ADA) interesting to watch in December 2024?

Cardano (ADA) is interesting because more than 18 million ADA will be unlocked on December 1, 2024, which may affect the price. In addition, Cardano has a loyal community and is constantly developing its ecosystem.

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References

ccn.com, 5 Altcoins You Should Keep an Eye on in December 2024, accessed on December 2, 2024.

techbullion.com, 5 Altcoins Turning Heads in December 2024: Don't Miss Out!, accessed on December 2, 2024.

Author: AWW