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3 ALTCOINS TO WATCH IN SECOND WEEK OF DECEMBER.
Render (RNDR)
Render price is currently struggling around the $9.88 support level, which is crucial for maintaining recent gains. A successful close above this level will help the altcoin maintain momentum and target the next resistance at $11.32. Failure to hold support could lead to a potential pullback.
The Render Network recently completed the initial voting on three key proposals: RNP-016, RNP-017, and RNP-018. The final voting for these proposals is set to begin this Wednesday, drawing significant attention from investors. This process could maintain bullish sentiment around RNDR, potentially boosting its price in the short term.
EigenLayer (EIGEN)
Another one of the key altcoins to watch this week is EigenLayerâs native token. EIGEN price recently reached a new all-time high of $5.07, marking its first significant peak in over two months. Currently trading at $4.62, the altcoin is showing strong upward momentum.
The upcoming Rewards V2 upgrade for EigenLayer is expected to bring significant improvements. Designed to enhance flexibility, efficiency, and customization within the ecosystem, this protocol upgrade is generating buzz among investors. As the first EigenLayer Improvement Proposal (ELIP) using the EigenLayer Governance process, it marks a pivotal moment for the network.
Floki (FLOKI)
FLOKI price is currently testing the $0.0002568 support level, aiming to hold this price point to maintain its recent gains. Successfully securing this support could propel the meme coin to $0.0002776, where additional bullish momentum may follow.
Investor sentiment surrounding FLOKI remains strong, especially with the upcoming Wise Monkey (MONKY)Â airdrop. Facilitated by OKX, the distribution ratio is 0.35 MONKY for each 1 FLOKI held. This potential catalyst has generated significant interest, with many investors holding FLOKI in anticipation of the airdrop, which may drive the price upwards