The crypto market is quite strong now. Most cryptocurrencies, including Bitcoin, are now pretty close to retesting their all-time highs. This means it’s a perfect time to start scouting for cryptocurrencies that have the potential to give superior returns all through December.
While it’s not easy to predict which cryptos will win big in the short term, there are some whose short-term news give them better prospects than the rest.
Here are 3 top cryptocurrencies to buy in December:
- Solana (SOL)
- Ethereum (ETH)
- Cardano (ADA)
Solana (SOL)
Top 100 crypto coins to buy
The first cryptocurrency that makes it to this list is platform blockchain Solana (SOL).
Solana rose by 100x in 2021 and has risen to become a top 10 crypto in a very short time. Despite being a relatively young blockchain, Solana has experienced massive adoption over the past year.
There seems to be a mad rush towards building DeFi projects on the Solana blockchain. The number of NFTs being minted on this blockchain is also on an exponential growth path.
This explosion in DeFi and NFTs on Solana is not a fad, though. There is a rational basis behind it. Solana is probably the most scalable platform blockchain in the market today.
The Solana blockchain can handle over 50,000 transactions per second. It also has some of the lowest transaction costs of any other platform blockchain. Its average transaction costs are less than $0.01.
After its recent price rally, Solana and its capabilities have come to the spotlight. This means the demand for SOL, the native token in the Solana ecosystem, will only grow. With demand by DeFi and NFTs on the rise, SOL’s potential in December looks almost given.
The best part is that all this FOMO around Solana is happening at a time when the overall market momentum is bullish.
Bitcoin is holding firmly above $16k and is gaining momentum. This is a confidence boost in the broader market and will also add to the momentum around top-performing altcoins like Solana.
Don't Miss: Solana (SOL) Price Prediction
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Ethereum (ETH)
Flirting with all-time highs
Ethereum (ETH) has a lot of fundamentals backing it up. It is in the process of a shift to Ethereum 2.0, and all this is going on pretty well.
For instance, the London fork of August 5th was a success, and even Vitalik Buterin commended it. He said that it was a huge step towards the actualization of Ethereum 2.0.
One particular aspect of this transition playing in Ethereum’s favour is the coin burn that came with the London fork.
Before this fork, Ethereum users bid, and the person paying the highest gas fee got priority in the next block.
With the London fork, the Ethereum blockchain uses an algorithm to determine overall demand and sets the base price. To further help stabilize gas prices, the block introduced a coin burn, rather than Ether going to miners.
This is a big deal because it made the most used platform blockchain in the market, highly deflationary. Its effect is quite evident in Ethereum’s price action all through August and September 2021.
Ethereum was one of the best performing cryptocurrencies in 2021. As the demand for Ethereum in DeFi grows, so will the value of ETH all through December and beyond.
While there is no way to tell the future, if the current momentum continues, Ethereum could easily clock $1,800 by the end of this month.
Check Out: Ethereum (ETH) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Big news coming up that could make Cardano the next cryptocurrency to explode.
Cardano (ADA) had a strong run in August and September 2021 and made new all-time highs above $3.
The much-anticipated introduction of smart contracts on the Cardano blockchain took place on the 12th of September.
With this huge change to the Cardano blockchain, there will be an increase in the demand in everything from DeFi to NFTs.
Cardano already has what it takes to draw in developers for DeFi and other Dapps. For instance, it is one of the most scalable blockchains out there. This is all thanks to its peer-reviewed Proof-of-Stake algorithm called Ouroboros.
On-chain, Cardano can handle up to 200 transactions per second, while its off-chain capabilities are pretty much limitless.
Since an upsurge in NFTs and DeFi means a higher demand for ADA, it then follows that its price has a high probability of rallying quite strongly through December and beyond.
If the upside momentum in the broader market sustains all through December, then the chances of Cardano hitting $0.5 or more within the month are pretty high.
Read Also: Cardano (ADA) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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