As 2024 is coming to an end, we have entered the final month. Since 2013, Bitcoin's average performance in December has been an increase of 4.95%, with 5 years of gains and 6 years of losses.
Since Trump's election as the new President of the United States, Solana ($SOL), Ripple ($XRP), Dogecoin ($DOGE), and Cardano ($ADA) have become the market's focus. What should we pay attention to in the last month of 2024?
Some cryptocurrencies that are about to face significant events, technical upgrades, or important market catalysts may have a huge impact on their prices and can serve as reference points.
Hyperliquid ($HYPE) price trend analysis
Hyperliquid is a blockchain that was launched about a week ago, and its token $HYPE has quickly become the market's focus. Since its listing, $HYPE has accumulated an increase of over 200% and has not yet been listed on major centralized exchanges (CEX). It reached a high of $9.4 in the past 24 hours.
Currently, $HYPE's daily trading volume is quite substantial, reaching $250 million, indicating that investors have high expectations for this emerging project.
Considering its rapid growth momentum, $HYPE is predicted to possibly maintain its upward trend in December, and it may even break the $10 barrier, bringing substantial rewards to early investors.
Sui ($SUI) price trend analysis
In the past month, Sui ($SUI) has performed impressively, with the price accumulating a 75% increase, demonstrating strong market momentum.
In December of this year, Sui ($SUI) will welcome a token unlock of up to $210 million. Although unlocking usually increases market supply and may lead to price fluctuations, Sui has shown a certain level of resilience in past unlocking events.
From a technical perspective, Sui is currently priced at $3.5, having surpassed the 20-day and 50-day exponential moving averages (EMA), which is usually seen as a bullish signal.
Under favorable market conditions, Sui is expected to rise to $4.40 in December. However, if it faces significant selling pressure or unexpected market events, it may also undergo a correction, with a key support level at $2.38.
Fantom ($FTM) price trend analysis
Fantom ($FTM) may attract significant attention in December, mainly due to the major Sonic Upgrade going live on the mainnet, which is expected to enhance the network's transaction speed and efficiency, bringing significant breakthroughs to the Fantom ecosystem. At that time, the original $FTM will also be converted 1:1 into $S tokens.
Driven by this positive news, $FTM has risen 60% in nearly a month, successfully breaking the $1 barrier, currently priced at $1.25.
From a technical perspective, $FTM has formed a bullish head and shoulders bottom pattern, which is a typical technical pattern that indicates a shift from a bearish trend to a bullish trend.
In addition, looking at the performance of the Buy-Sell Power Indicator (BBP), the bulls for $SUI still dominate.
$FTM may surge to $1.14 in the short term. With the official launch of the Sonic mainnet, it may even aim for the $2 round number. However, investors still need to closely monitor potential selling pressure.
The last opportunity for retail investors?
The current crypto market is experiencing an unprecedented bullish market. This time, altcoins are performing brighter than ever, from BNB to XRP, Ethereum, and many other projects, the entire market is undergoing a profound transformation. Under Bitcoin's leadership, altcoins are taking the baton and starting a surge that belongs to them.
This is not just a reallocation of capital, but a reshaping of the crypto market landscape. In the coming years, we will witness the rise of more altcoins, whose technological innovations, market applications, and institutional support will bring unprecedented growth to the crypto market. For us, this is a golden age full of opportunities, seizing this wave of bullish market may become a turning point for wealth. Moreover, this may also be the last wave of crazy bull market for retail investors.
