🪙🔝 4 Altcoins Ready for December Rally 🚀💰
Bitcoin's dominance over the crypto market has hit a critical juncture, falling to 56%, a two-year low. That shift signals the arrival of "altseason," where smaller cryptocurrencies often rally as investors pivot from Bitcoin to altcoins. Here are the Top 4 ‘alts’ for December - with XRP leading the field.
♦️Ripple ($XRP ) Surges 284% in November – Still Eyeing $2.57 Mark
The XRP news has been all good recently. On Dec. 1, Ripple unlocked 1 billion XRP tokens, valued at $1.92 billion. This routine release aims to ensure a predictable supply of XRP, aligning with its long-term escrow plan to release 55 billion tokens—about 55% of the total supply.
♦️Will Dogecoin ($DOGE ) See a 337.5% December Rally?
Dogecoin, often dubbed the king of meme coins, could benefit from a seasonal phenomenon known as the “Santa Claus rally.” Traditionally observed in stock markets, this rally often pushes asset prices higher in the final days of December and the first days of January.
♦️Can Injective ($INJ ) Price Surge 80% More?
Injective (INJ), a decentralized exchange protocol, has been making strides with recent upgrades to its mainnet. These improvements enhance scalability and user experience, likely drawing more traders and boosting the demand for INJ tokens.
Since Nov. 4, when it broke above descending resistance, INJ’s price soared 80%, reaching $31. Analysts suggest this is just the beginning of a larger five-wave rally expected to unfold through December.
♦️Can Render ($RNDR) Hit $13.60 Again?
Render (RNDR) is carving its niche in the crypto market with its decentralized GPU rendering network. This platform connects digital creators with GPU power providers, streamlining rendering processes for artists and studios.
Similar to INJ, RNDR’s price has risen sharply, climbing 116% since Nov. 4. It is currently trading around $9, with analysts eyeing a potential revisit to its yearly high of $13.60.
