November marked a new all-time high for Bitcoin, with other coins like Solana and SUI following suit. While altcoin season is yet to arrive, projects like Virtual Protocol (VIRTUAL), Pyth Network (PYTH), and Raydium (RAY) are showing impressive growth.
VIRTUAL has surged 71.29% in the past seven days, driven by the AI-powered coin narrative. Meanwhile, PYTH and RAY are capitalizing on the ecosystem’s dominance and utility, with both tokens gaining significant traction and highlighting the growing potential of DeFi and blockchain technology.
Virtual Protocol (VIRTUAL)
Recently hitting a new all-time high, VIRTUAL has surpassed the $1 billion market cap and solidified its position as a rising star in the AI altcoin narrative.
VIRTUAL Price Analysis. Source: TradingView
The coin has surged 161.75% in the past month, driven by growing interest in AI-focused blockchain projects. As the AI coin narrative continues to gain traction, VIRTUAL’s momentum suggests there could still be significant upside potential.
This recent surge has propelled VIRTUAL to become the fifth-largest AI coin by market cap. It now trails RENDER, TAO, FET, and WLD, while surpassing AKT.
Pyth Network (PYTH)
Pyth (PYTH), the native token of the Pyth Network, has surged 27.14% over the past 30 days, reflecting renewed interest in the blockchain oracle for market data. Although the asset reached an all-time high of $1.15 on March 16, 2024, its price remains about 60% below that level.
PYTH Price Analysis. Source: TradingView
The network’s TVL grew to $520 million from $408 million last month. That shows progress, but it’s still well below its record $1.37 billion in March.
If PYTH maintains its current momentum, it could break the $0.49 resistance and test $0.55 or even $0.60 in the near term. Its oracle business could also be positively impacted by the altcoin season.
Raydium (RAY)
Raydium (RAY) has emerged as the most dominant decentralized exchange globally, surpassing platforms like Uniswap and PancakeSwap in fees generated.
In the last 30 days, Raydium has raised more than US$200 million in fees, surpassing large projects such as Jito, Solana, Ethereum, Circle and Uniswap, behind only Tether. The DEX may continue to grow as memecoins become more relevant in the crypto ecosystem.
RAY Price Analysis. Source: TradingView
RAY is currently up 61.40% over the past month and an impressive 1,345.81% over the past year, although it remains down 67.87% from its 2021 all-time high.
Given Raydium’s dominance and rapid growth, the token’s recent performance could signal the start of an even stronger upward trajectory as altcoin season is just beginning.
The article 3 Promising Altcoins to Keep an Eye on in December appeared first on BeInCrypto Brasil.
