A prominent crypto influencer suggests that Donald Trump’s victory in the 2024 U.S. Presidential election could drive Ethereum (ETH) to new all-time highs by the first quarter of 2025. The prospect of a pro-crypto administration has already generated optimism within the market, contributing to ETH surpassing $4,000 earlier this month.
Trump’s win has been welcomed by many in the crypto community, as he has been involved in various blockchain initiatives and has openly supported the industry in the past. This has further fueled positive sentiment around Ethereum’s future trajectory. In light of this, investors are searching for more affordable tokens to capitalize on the current market growth, particularly the best altcoins to buy now.
5 Best Altcoins to Buy Now
The Ethereum Name Service (ENS) holds the #83 position in the cryptocurrency rankings, while Uniswap (UNI) is ranked #23. Bitcoin Cash (BCH) is currently the 21st largest cryptocurrency, trading at $431.55, and its value has increased by 2.40% over the past 24 hours.
Wall Street Pepe (WEPE) has garnered significant attention in the crypto space by building on the popularity of the Pepe brand. Meanwhile, the MX Token (MX) sits at #195 in the rankings, priced at $3.53, reflecting a 1.19% gain within the last day. Additionally, a closer look at 10 key charts offers insights into the state of markets and the economy in 2024.
1. Ethereum Name Service (ENS)
The Ethereum Name Service (ENS) is currently ranked #83 among cryptocurrencies. Its price is $32.63, reflecting a 2.59% increase over the last 24 hours. ENS has a market cap of $1.14 billion, with a 24-hour trading volume of $235.44 million, up by a significant 83.86%. The Fully Diluted Valuation (FDV) is $3.25 billion, with a circulating supply of 35.18 million ENS out of a total supply of 100 million.
Over the past year, ENS has shown remarkable performance, with its price increasing by 228%, outperforming 86% of the top 100 cryptocurrencies. It has also outperformed Bitcoin and Ethereum during this period. The token is trading above its 200-day simple moving average (SMA), reflecting a strong long-term bullish trend. In the last 30 days, ENS recorded 15 green days, making up 50% of the month.
Big news from ENS Labs🚀
We’ve officially partnered with @LineaBuild to build Namechain, our Layer 2 solution for scaling ENS to the next level.
Here’s why this matters for decentralized identity and the future of ENS 👇🧵 pic.twitter.com/LqDMmZW7YS
— ens.eth (@ensdomains) December 17, 2024
The Fear & Greed Index for ENS is currently at 65 (Greed), indicating positive market sentiment. These trends suggest continued interest and optimism for ENS, though market conditions should be monitored closely.
2. Uniswap (UNI)
Uniswap (UNI) is ranked #23 among cryptocurrencies. It is currently priced at $12.88, with a 2.76% increase over the past 24 hours. UNI has a market cap of $7.73 billion and a 24-hour trading volume of $302.58 million (+44.53%). The Fully Diluted Valuation (FDV) is $12.88 billion, with a circulating supply of 752 million UNI out of a total supply of 1 billion UNI.
UNI has outperformed 65% of the top 100 cryptocurrencies over the last year, with its price increasing by 70%. The token is trading 30.70% above its 200-day SMA ($9.92), indicating a strong long-term bullish trend. In the past 30 days, UNI recorded 17 green days (57%), reflecting consistent positive performance.
The Fear & Greed Index currently shows 65 (Greed), signaling a favorable market sentiment. Uniswap has a Market Cap/TVL ratio of 1.47, with a Total Value Locked (TVL) of $5.2 billion, showcasing its high liquidity relative to its market capitalization.
UNI is predicted to trade in December within a narrow channel of $13.35, representing a potential ROI of 3.21% from current levels. UNI’s price is forecasted to trade between $13.65 and $83.52, with an average price of $47.97, offering substantial growth potential (up to 545.76%). The most bullish activity is anticipated in May. Investors should monitor key support and resistance levels for opportunities.
3. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is currently ranked as the 21st largest cryptocurrency, with a price of $431.55, reflecting a 2.40% increase in the past 24 hours. The cryptocurrency has a market capitalization of $8.54 billion and a 24-hour trading volume of $310.74 million, which has surged by 44.13%. With a circulating supply of 19.8 million BCH out of a maximum supply of 21 million BCH, Bitcoin Cash’s Fully Diluted Valuation (FDV) is estimated at $9.06 billion.
Bitcoin Cash was created to solve Bitcoin’s scalability issues by increasing block sizes, allowing more transactions to be processed per block. This design ensures faster transaction speeds and lower fees, making it an ideal solution for efficient global payments. BCH remains committed to the principles of decentralization, providing an accessible and transparent financial system for all users.
Over the past year, BCH’s price has increased by 64%, outperforming 63% of the top 100 cryptocurrencies. The coin is trading above its 200-day Simple Moving Average (SMA), which signals a positive long-term trend. Additionally, Bitcoin Cash has seen 17 green days in the past 30 days, meaning it closed higher than its opening price on 57% of days during this period.
Despite the current bearish price sentiment, the Fear & Greed Index for the market indicates a level of 65 (Greed). With strong liquidity relative to its market cap, BCH continues to position itself as a reliable option for fast, affordable transactions in the digital economy. Investors may find opportunities as market sentiment evolves.
4. Wall Street Pepe ($WEPE)
Wall Street Pepe (WEPE) has quickly gained attention in the cryptocurrency market, leveraging the popularity of the Pepe brand. In just two weeks, the project raised $27 million during the initial stage of its presale. This rapid capital inflow has prompted analysts to forecast potential price increases driven by growing demand in the coming weeks.
The project aims to provide its community with advanced tools and data designed to enhance user experience and engagement. This focus on utility has positioned Wall Street Pepe as a competitor to other meme-based cryptocurrencies, including the well-known Pepe Coin.
Some market experts have compared Wall Street Pepe’s recent success to Pepe Unchained’s, suggesting that Wall Street Pepe could achieve significant growth. Projections estimate gains of up to 100x before the token’s official launch. Currently, WEPE tokens are priced at $0.0003659, with a planned price increase expected later this week.
Visit Wall Street Pepe Presale
5. MX Token (MX)
The MX Token (MX), currently ranked #195 among cryptocurrencies, is priced at $3.53, showing a 1.19% increase in the past 24 hours. The token’s market capitalization stands at $341.96 million, with a 24-hour trading volume of $130.06 million, reflecting a notable surge of 121.80%. MX has a fully diluted valuation (FDV) of $3.53 billion, supported by a circulating supply of 96.78 million MX out of a maximum supply of 1 billion tokens.
MX Token has demonstrated significant growth, with its price increasing by 28% over the past year, indicating solid performance. The token is currently trading 25.63% above its 200-day Simple Moving Average (SMA), which is at $2.82, signaling a bullish long-term trend. Additionally, MX has recorded 15 green days in the past 30 days, showing that the daily closing price was higher than the opening price 50% of the time.
🚨#MEXC New Listing Alert!
📈 $OGC/USDT will be listed in the Innovation Zone on 2024-12-30 12:00 (UTC).@OGCommunity_X is a convenient platform where users from all over the world can communicate, share experience, grow and earn.
Details: https://t.co/4w9aXo2KZu pic.twitter.com/8aHTYWH7c2
— MEXC (@MEXC_Official) December 28, 2024
The MX Token market sentiment is currently neutral. Still, the Fear & Greed Index is at 65 (Greed), suggesting a positive overall market sentiment. MX’s high liquidity based on its market capitalization makes it an attractive asset for traders, providing flexibility for entering or exiting positions. As the token continues to outperform with steady gains and consistent trading activity, it maintains its relevance as a notable digital asset within the cryptocurrency market.
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