Altcoins like , Hyperliquid, Sui, and Fantom are drawing attention with potential gains in December. Major token launches and expected updates are creating a positive environment that supports price increases for these cryptocurrencies.

As market analysts emphasize, “December has generally been an eventful month for the cryptocurrency market, and this year too prices are expected to rise.” Let’s take a look at the best altcoins to keep an eye on in December 2024; examine their recent performance and upcoming developments that could affect their prices.

Hyperliquid (HYPE)
One of the altcoins that has stood out this December is Hyperliquid (HYPE). HYPE has had an impressive launch, with its price increasing by over 200% in just one week, currently trading at around $9.51. This increase is notable because it has occurred without relying on a centralized exchange listing. The lack of a centralized exchange usually leads to increased investor demand, which in turn drives up prices. If HYPE continues its momentum in December, it could surpass the $10 level with continued investor interest.

On (ON)
Sui (SUI) is drawing attention as it approaches a major token launch of $210 million. SUI, which has increased significantly by 75% in the last month, has historically shown that such launches can create volatility. However, SUI has created a positive atmosphere in the market by exhibiting a strong recovery and price increase after the launch. Currently trading at around $3.40, analysts predict that the price could rise to $4.40 as long as market conditions remain favorable. However, if selling pressure increases, prices could fall to $2.38.

Phantom (FTM)
Fantom looks set to make waves with its Sonic upgrade expected in December. The upgrade promises to increase the network’s throughput, with FTM rising 60% recently to $1.03. FTM has formed an inverse head-and-shoulders pattern on its charts, indicating a bullish trend, indicating the potential for higher prices. With the December launch approaching, the market is looking bullish, with FTM expected to reach $1.14 if the upward momentum continues. However, external market pressures could threaten these gains.

Apartments (APT)
Another notable Layer-1 token, Aptos (APT), is one of the altcoins to watch this December. Preparing for a $135 million token launch, Aptos could follow Sui’s bullish trajectory. Currently showing an ascending triangle formation, APT is in a good position for a price increase. Market analysts predict that APT could reach $20 by the end of December if trading volumes increase. However, a significant sell-off could push the price down to $10.97, prompting investors to exercise caution.

Bonk (BONK)
Finally, Bonk (BONK), one of the leading meme coins on the Solana blockchain, is making headlines. Bonk aims to reduce supply and strengthen its market cap with a massive token burn plan of 1 trillion tokens. This move has rekindled interest among investors. Despite a significant decline recently, Bonk’s charts show solid support at $0.0000043. Analysts predict that if the price rebounds from this level, it could surge to $0.000059 or higher, provided the bullish sentiment continues.