Despite Bitcoin’s substantial surge since September, these altcoins display even more positive price movements. Can they surpass BTC’s gains in December?Render (RNDR) Price Breaks Key Resistance -The RNDR price has been moving upward since June 2022. While the upward movement was initially gradual, the increase accelerated at the start of 2023.In May, RNDR reached a new yearly high of 11,000 satoshis. While this caused a breakout above the 9,000 satoshi resistance area, the price fell below it shortly afterward, indicating that the previous increase was only a deviation.The RNDR price created a higher low in August, validating an ascending support trend line. After bouncing in November (green icon), RNDR further accelerated its rate of increase and broke out from the 9,000 satoshi area once more.If the RNDR upward movement continues, the price can increase by another 35% and reach the next resistance at 12,500 satoshis.Despite this bullish RNDR price prediction, a close below the 9,000 satoshi area can trigger a 35% drop to the ascending support trend line at 6,000 satoshis.Synthetix (SNX) Moves Above 1,000-Day Resistance - The SNX price had fallen under a long-term descending resistance trend line since February 2021. The decrease led to a low of 6,150 satoshis in June.Afterward, the price bounced and created a higher low in November. After three successive bullish weekly candlesticks, the SNX price broke out from the trend line, which had been in place for over 1000 days.Breakouts from such long-term structures often signify a new trend in the other direction has begun.Market traders use the Relative Strength Index (RSI) as a momentum indicator to identify overbought or oversold conditions and to decide whether to accumulate or sell an asset.Readings above 50 and an upward trend indicate that bulls still have an advantage, whereas readings below 50 suggest the opposite.The fact that the SNX price increase was preceded by a bullish divergence (green) in the RSI supports the legitimacy of the reversal.If the SNX price continues to move upwards, it can increase by 100% and reach the next resistance at 17,000 satoshis.Despite this bullish SNX price prediction, a close below the descending resistance trend line will invalidate the breakout. If this occurs, the price can fall by 25% and return to its June lows at 6,150 satoshis.Theta Token (THETA) Shows Sings of a Breakout- The final altcoin that could outperform Bitcoin is THETA. The price has followed a descending resistance trend line for 910 days, specifically since June 2021.The trend line has caused numerous rejections, the most recent in October. However, the THETA price regained its footing and is in the process of breaking out.The fact that the increase was preceded by a bullish divergence in the weekly RSI legitimizes the possibility of a breakout.If THETA closes above this trend line and the RSI moves above 50, the price can increase by 165% to the next resistance at 7500 satoshis.Despite this bullish THETA price prediction, failure to break out can trigger a 30% drop to 2,000 satoshis.#btc #Trendingcoins

The cryptocurrency market holds an abundance of opportunities. While the focus commonly centers on major cryptos like Bitcoin (BTC) and Etherium (ETH), undiscovered gems are trading below the $1 threshold.Despite their modest value, these lesser-known altcoins could display growth potential. However, it’s crucial to acknowledge that they entail a higher level of risk.Leveraging fundamental indicators and technical analysis, Finbold has compiled a roster of the most promising cryptocurrencies priced below $1, offering potential profit opportunities in the coming week.Dogecoin (DOGE) - currently encounters a significant hurdle in its path to bullish continuation; however, successfully overcoming it could potentially lead to a doubling of the price of the meme digital asset. DOGE encounters a significant obstacle at $0.087 on the weekly chart. This pivotal level is identified by the convergence of the 0.786 Fibonacci level and the 100-week and 200-week exponential moving averages (EMA). Overcoming this obstacle can propel DOGE to almost double its price, targeting $0.14, per insights shared by the crypto analyst Ali Martinez on X November 28.At the time of press, this cryptocurrency is priced at $0.0836, reflecting a 2.22% increase in the past 24 hours. Additionally, it has seen an 8.09% rise over the last seven days and a month-over-month value growth of 25.35%, based on the latest data retrieved on December 1.Cardano (ADA) - Another asset that may experience growth soon is Cardano (ADA), with experts saying that this phase has a lot of characteristics similar to its previous consolidation phase.With the observation of the 4-hour chart, the 100-EMA serves as a rebound zone for ADA, while the $0.396 level poses a strong resistance. The TD Sequential indicates a buy signal in this timeframe near the 100-EMA, suggesting another rebound. Nevertheless, it’s crucial to monitor a 4-hour candlestick closure either above the $0.396 resistance or below the 100-EMA to validate the direction of the ADA trend, as per a post by crypto analyst Martinez on November 27.Meanwhile, ADA is changing hands at $0.38, experiencing a positive increase of 1.14% in the previous 24 hours; additionally, it lost -2.25% over the past 7 days, contrary to the gains it made in the last month, which amounted to 30.79%.Hedera (HBAR) - supported by major players like Alphabet (NASDAQ: GOOGL), Boeing (NYSE: BA), and IBM (NYSE: IBM), operates differently from traditional blockchains. Instead of a blockchain, it employs a method called a hashgraph, where system components communicate to create a timeline of transactions, similar to other digital currencies.Électricité de France, a leading global electricity producer, the largest renewable energy producer in Europe, and a Hedera Council member, achieved a successful proof-of-concept (POC) on November 29. Utilizing Hedera’s DLT and the open-source Guardian platform, the project automates the issuance and redemption of Renewable Energy Certificates (RECs), signaling a move toward a more efficient and transparent renewable energy market. This milestone underscores the support for Hedera from diverse industries and companies worldwide.At the time of writing, this asset was trading at $0.06, which showcases a gain of 0.29% over the past 24 hours while losing -2.74% in its value over the past 7 days, contrary to the gains made on the monthly range, which added 17.28% to its value.The mentioned altcoins exhibit notable strength and potential for substantial future price increases, especially given the positive sentiment and associated developments. Nevertheless, conducting one’s research and risk analysis remains crucial.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.#Trendingcoins #BinanceTrends #CryptoMovement

Binance will halt support for BUSD product in mid-December.TL;DRBUSD Support Ends: Binance to cease support for BUSD products from December 15, 2023, with all BUSD withdrawals stopping on December 31. Balances will be converted to FDUSD at 1:1.Trading Pair Removals: Key trading pairs including XRP/BUSD and BTC/BUSD will be removed. Certain countries are excluded from these changes.Cryptocurrency Delisting: Binance to delist BitShares, PERL.eco, Tornado Cash, and Waltonchain by December 7 due to factors like low trading volume, impacting their prices.Binance’s Latest AmendmentThe world’s largest cryptocurrency exchange in terms of trading volume – Binance – said it will cease support for BUSD products on December 15, 2023. “Please be assured that BUSD will always be backed 1:1 by USD. Paxos has stated that BUSD will remain supported by Paxos and redeemable through at least February 2024,” the company added.Binance encouraged clients to withdraw or convert their BUSD holdings into other assets before the aforementioned deadline. It is worth noting that users are allowed to trade their BUSD balances for FDUSD at zero trading fees.All BUSD withdrawals will be disabled on December 31, 2023, and remaining balances will be automatically converted to FDUSD at a 1:1 conversion rate. Binance users in Japan, France, Italy, Poland, and Kazakhstan are excluded from the amendments.The exact trading pairs that will be removed include XRP/BUSD, ADA/BUSD, SHIB/BUSD, BTC/BUSD, ETH/BUSD, DOT/BUSD, and many more.Binance’s Previous DelistingThe trading venue also announced that it will remove four cryptocurrencies from its platform on December 7. Those are BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), and Waltonchain (WTC).The reason behind the move seems to be a variety of factors, such as reduced level of development activity, low trading volume and liquidity, evidence of unethical/fraudulent conduct or negligence, and others. The disclosure seemed to have negatively affected the price of the aforementioned assets. TORN has plunged by over 50% in the past seven days, while PERL has collapsed by almost 70% for the same period.

MANILA — The Philippines will block access to cryptocurrency giant Binance, an official said Thursday, as part of a crackdown on online trading platforms operating in the country without licenses.The Securities and Exchange Commission (SEC) announced Tuesday that Binance was not registered in the Philippines and therefore not authorized to sell or offer securities in the country.Filipinos could withdraw their investments before access to Binance's platform and apps was blocked, which was expected to happen "within three months", it said.Other online trading platforms, including OctaFX and Mitrade, will be blocked in the coming months after the SEC found they were also operating without necessary licenses."We want to keep the investing public safe," SEC Commissioner Kelvin Lester Lee told AFP on Thursday."These entities were given a chance, multiple times, over the last few years to register... the fact that a lot of them chose not to do so, that implies something to us."The SEC also asked Google and Meta to stop Binance advertisements from appearing in the Philippines."We're not the only one doing this, a lot of other countries are doing the same thing," Lee said."If you're not registered, you'll automatically have a problem."Earlier this month, former Binance chief executive Changpeng Zhao resigned his post after he and the company pleaded guilty to sweeping US money laundering violations and agreed to fines of more than $4 billion.https://news.abs-cbn.com/business/11/30/23/philippines-to-block-access-to-crypto-giant-binance$BNB #BinanceTrends