Major cryptocurrencies are currently experiencing consolidation after a surge led by Bitcoin (BTC) that pushed its price to new annual highs above $44,000. Investors are optimistic about the approval of spot Bitcoin ETFs, which could accelerate institutional adoption of cryptocurrencies. Additionally, there is hope for a dovish policy shift from the US Federal Reserve in the near future. While Bitcoin dominates the market, here are some of the best altcoins to consider buying in December.
BitTorrent (BTT)
BitTorrent (BTT) token has seen significant gains in the market recently. It surged by over 75% to reach new year and a half highs above $0.0000011 per token. The positive sentiment was driven by the news that the Tron network, on which BitTorrent is issued, has surpassed 200 million users. Although there has been a slight pullback of around 30% from these highs, long-term investors might view this as a good opportunity to add to their positions.
Bitcoin Minetrix (BTCMTX)
A decentralized Bitcoin cloud mining protocol called Bitcoin Minetrix has been creating a buzz in the market. The protocol has raised over $5 million in funds from presale investors. With the increasing interest in Bitcoin, both experienced and new investors are seeking ways to gain exposure to its potential growth without waiting for a spot Bitcoin ETF or directly purchasing the coin. Bitcoin Minetrix offers a solution by raising funds through a presale of its native $BTCMTX token. Investors can stake their tokens to earn non-transferable Bitcoin Minetrix mining credits, which can be exchanged for a share in the protocol’s Bitcoin mining revenues. The project also offers staking rewards, currently sitting at around 120%. Bitcoin Minetrix provides transparency and security through smart contracts built on top of the decentralized Ethereum blockchain.
Helium (HNT)
Helium (HNT) has seen a surge in its price over the past two days due to positive developments. The project has launched a nationwide US unlimited mobile data plan priced at $20 per month, driving investor optimism. The token is currently trading around $5.50, reflecting a nearly 90% increase in value. As the overall market sentiment improves, Helium could continue to outperform other cryptocurrencies.
TG.Casino
The Telegram-based crypto gambling platform TG.Casino is gaining attention in the web3 space. Despite still being in its presale phase, the platform has already witnessed over $38 million in wagers from more than 2,450 players, including impressive crypto deposits. TG.Casino aims to simplify the gambling experience for non-crypto native users by leveraging Telegram automation. With a userbase of over 700 million and growing, the platform has significant potential. Early investors are already earning yields of around 170%, thanks to rewards for $TGC token stakers. Additionally, TG.Casino plans to implement a token buyback scheme, providing passive income to $TGC token stakers and potentially driving token price appreciation.
Beam (BEAM)
BEAM, the token powering the game development-focused Beam network, has experienced recent surges in price. In the past month alone, BEAM has gained around 300%, with a 7% increase in the past 24 hours. This upward trend may continue as the project’s creator, Merit Circle, integrates Immutable zkEVM into its gaming ecosystem.
