As December 2024 approaches, significant fluctuations are expected in the cryptocurrency market. Bitcoin is projected to break the $100,000 mark before the end of the year, which could drive a rebound in major and minor altcoins.
However, before that, some altcoins are still looking for potential upward opportunities. BeInCrypto analyzed three altcoins worth watching in the coming days.
XLM
Stellar (XLM) may not be the most outstanding token, but given the overall bullish trend in the market, it is still an altcoin worth paying attention to. Recent price movements show investor confidence, with XLM aligning with the market's positive direction, highlighting its growing influence in the cryptocurrency space.
This week, Stellar validators will vote to approve the mainnet upgrade of Protocol 22 after successful testing on the testnet. Such upgrades usually bring some volatility, but this upgrade is expected to stimulate positive market momentum. If successfully implemented, it could enhance market confidence and drive XLM prices up.
XLM Price Analysis.
XLM is currently solidly above the key support level of $0.41 and seems poised to continue its upward momentum. This support level provides a solid bottom, effectively preventing significant declines. However, if the price falls below $0.41, the bullish outlook will be broken, potentially leading XLM to further retrace to $0.25.
YGG
YGG is currently still below the resistance level of $0.70, facing challenges to break through this key level. Strong market support is needed to push the altcoin up to $0.80.
The level of $0.70 is crucial, limiting further price increases. If this resistance is successfully breached, it may open up space for upward price movement and achieve higher targets.
Potential catalysts for YGG's rise may come from the upcoming end of the 'purification event.' If this event can elicit sustained positive market reactions, it will provide the necessary momentum to break through the current resistance. Such events typically stimulate bullish sentiment in the market, thereby affecting price direction.
YGG Price Analysis.
If YGG successfully converts the $0.70 resistance into a support level, it will provide strong support for the continuous rise in price. However, if the price falls below the support level of $0.57, it may invalidate the bullish perspective.
BANANA
BANANA has dropped 9% in the past 24 hours, bringing the price back to $60. This decline reflects market sentiment, but the price remains above key support levels.
The Telegram bot token is about to unlock 250,000 BANANA tokens each month, which will increase the circulating supply by approximately $15 million. The increase in supply may lead to volatility, but if market signals remain strong, it could also provide momentum for price increases. The final trend will mainly depend on market sentiment.
BANANA Price Analysis.
If the market turns bearish, BANANA may fall back to the next support level of $55. If it breaks below this support level, it may signal further downside and challenge the current bullish outlook.
Club Target Review
TOP.1
Club SVIP Target Review: ADA
With the announcement of the SEC chairman's resignation, tokens previously classified as securities by the SEC have experienced a wave of general increases.
As a token listed by the SEC, the club today suggested that at around 1.1, it would be a good entry point, and it has now reached 1.14, with a completed contract yielding 370%.
TOP.2
Last Saturday, the club discovered the DeSci concept and selected three iconic targets, among which RIF surged 10 times after being recommended, URO also increased by 9 times, while WORM's performance was relatively flat.
However, just now, the BitMEX founder tweeted directly to promote WORM, driving it to instantly break a new high of $0.08659, with an increase of 2 times from the club's recommended price of $0.0244.
Even more exciting, WORM has announced it will distribute 2.4% from the project wallet to $WORM holders, allowing them to earn while they eat.
Join the club and don’t miss out on this meme wave!
TOP.3
EYE is the cryptocurrency that the club has been focusing on.
As early as when BAN gained popularity, the club discovered EYE as a collectible concept on-chain and regarded it as the second in the collectible concept, holding it firmly.
Just after Binance announced the launch of the BAN contracts, EYE surged by 400% in a short time, multiplying fourfold and going straight to zero.
Join the club together and ambush more doubling memes!
TOP.4
With the boost from PNUT, the entire meme sector has seen an increase. Raccoon coin FRED has risen from $0.04, now reaching $0.26, an increase of nearly 6 times; similarly, the eye coin EYE has soared from $0.0004 to $0.0062, an increase of 18 times; BAN has risen from $0.041 to $0.21, also approaching a 6-fold return. The top-performing projects show robust performance, and continuous profit opportunities should not be missed!
