3 Notable Altcoins in the First Week of December 2024
The three notable altcoins in the first week of December 2024 are:
1. Stellar (XLM): XLM has strong growth potential due to the positive market trend. This week, Stellar's validators will vote on the mainnet upgrade of Protocol 22 after successful testing on the testnet. This upgrade could create positive momentum for the price of XLM, especially if the price holds above the support level of $0.41.
2. Yield Guild Games (YGG): YGG is facing a key resistance level at $0.70. To advance to $0.80, YGG needs strong momentum, which could come from the event "The Purging." If YGG flips the resistance of $0.70 into support, this could pave the way for further growth.
3. Banana Gun (BANANA): Although the price of BANANA has decreased by 9% in the past 24 hours, this altcoin still remains above key support levels. The monthly token unlock event could create significant volatility, increasing the circulating supply. If market sentiment remains positive, the price of BANANA could be driven higher.
These altcoins are showing positive signs amid the fluctuations of the overall crypto market.