December 26, 2024
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5 Best Altcoins to Buy Now December 24 – Render, Internet Computer, XDC Network, Optimism

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The TON blockchain has emerged as a strong performer in 2024, with significant growth in daily active users and overall market activity. This expansion has been driven largely by the increasing adoption of Telegram mini-apps, helping the network surpass 5 million daily active users by mid-year.

Data from IntoTheBlock highlights that TON led the market in terms of daily active addresses, maintaining the highest levels of activity during the second half of the year. Key events appear to have caused spikes in engagement, with a notable surge in early October. This peak, marked by a record number of daily active addresses, was likely tied to a major development, such as a network upgrade or the launch of a new feature, which boosted user participation. In light of this, investors are searching for more affordable tokens to capitalize on the current market growth, particularly the best altcoins to buy now.

5 Best Altcoins to Buy Now

Internet Computer (ICP) is currently valued at $10.81, reflecting an 8.14% increase over the last 24 hours. Meanwhile, Render Network has partnered with Blender to provide free access to Octane, enhancing GPU capabilities through new integrations. XDC Network (XDC) has shown strong momentum, with its price rising by 10.03% in the past day to $0.08376. Optimism (OP), an Ethereum Layer 2 scaling solution, has experienced an 8.24% price surge, reaching $1.92.

Flockerz ($FLOCK), a new meme coin, seeks to innovate the market with a community-driven governance approach. On the other hand, MicroStrategy shares declined on their debut day in the Nasdaq 100 index.

1. Internet Computer (ICP)

Internet Computer (ICP), currently trading at $10.81, has seen an 8.14% price increase in the past day. The token boasts a market capitalization of $5.16 billion, supported by a 24-hour trading volume of $199.9 million, up 3.65%. With a circulating supply of 477.49 million ICP and a total supply of 527.24 million ICP, the token maintains high liquidity, making it an attractive option for investors. Over the past year, ICP has experienced an 11% price increase and is currently trading above the 200-day simple moving average, signaling positive long-term performance.

In the last 30 days, ICP has had 17 green days (57%), with the daily closing price exceeding the opening price on these occasions. While the current market sentiment is bearish, the Fear & Greed Index registers at 73 (Greed), indicating strong market interest.

OP Price Chart OP Price Chart

Price predictions suggest promising growth for ICP. By December 2024, the token is projected to trade between $10.63 and $15.84, with an average price of $13.03, representing a 22.25% price increase from current levels. This growth could deliver a potential ROI of 48.55%. Moving into 2025, ICP is forecasted to trade in a broader range of $14.32 to $50.56, with an average price of $28.88. 

January is expected to be the most bullish month, with prices potentially rising 374.31% higher than today. ICP’s innovative blockchain solutions position it as a strong competitor, appealing to both short—and long-term investors.

2. Render (RENDER)

Render Network has announced a partnership with Blender to offer users free access to Octane, enhancing GPU power with new integrations. This collaboration is expected to benefit the creative community by providing powerful rendering capabilities at no additional cost.

In the last 24 hours, the price of Render Token (RENDER) has increased by 13.36%, reaching $7.74. Trading volume also saw a significant rise of 35.86%, amounting to $1.22 billion.

RENDER Price Chart RENDER Price Chart

Render Token’s price sentiment is currently neutral, with the Fear & Greed Index indicating a level of 73, signifying greed in the market. Over the past year, the token’s price has increased by 66%, outperforming 58% of the top 100 cryptocurrencies during the same period. Additionally, the token is trading above its 200-day simple moving average (SMA) by 14.43%, with the SMA currently at $6.76. This reflects strong bullish momentum and long-term growth potential.

With high liquidity relative to its market cap, Render Token is well-positioned for further growth. Its robust performance metrics, coupled with strategic partnerships like the one with Blender, suggest a promising outlook for the project in the creative and blockchain spaces.

3. XDC Network (XDC)

XDC Network (XDC) has demonstrated notable performance recently, with its price increasing by 10.03% in the past 24 hours to reach $0.08376. The market capitalization currently stands at $1.25 billion, reflecting a similar 10.03% growth. Over the same period, trading volume has surged by 43.56% to $48.52 million, representing a volume-to-market cap ratio of 3.83%.

XDC Price Chart XDC Price Chart

The network has a total supply of 37.95 billion XDC tokens, with a circulating supply of 14.93 billion. While the maximum supply is undefined, the Fully Diluted Valuation (FDV) is estimated at $3.17 billion. The XDC price sentiment is bullish, supported by the Fear & Greed Index at 73, indicating a greed-driven market.

Over the last year, XDC’s price has increased by 73%, outperforming 60% of the top 100 cryptocurrencies during the same period. The token is trading well above its 200-day Simple Moving Average (SMA), which is $0.04864. Specifically, XDC is currently 71.76% higher than its 200-day SMA, suggesting robust bullish momentum and strong liquidity in relation to its market cap.

4. Optimism (OP)

Optimism (OP), a prominent Ethereum Layer 2 scaling solution, is currently trading at $1.92, marking an 8.24% increase in the past day. Its market capitalization is $2.59 billion, with a robust 24-hour trading volume of $405.94 million, up 28.37%. The token has a circulating supply of 1.35 billion OP out of a total and maximum supply of 4.29 billion OP, indicating steady token availability. 

XDC Price Chart XDC Price Chart

With high liquidity, OP has recorded 15 green days (50%) over the past 30 days, though market sentiment remains bearish, according to technical indicators. However, the Fear & Greed Index is currently at 73 (Greed), suggesting increased interest and activity in the market.

Looking ahead, price predictions for OP indicate significant growth potential. By the end of 2024, OP is forecasted to trade between $1.93 and $2.87, with an average price of $2.36, reflecting a 24.80% price increase compared to current levels. This could result in a potential ROI of 51.68% for investors. 

5. Flockerz ($FLOCK)

Flockerz ($FLOCK) is a new meme coin aiming to redefine the space with its community-driven governance model. The project has raised $7.3 million in its presale to fund the development of FlockTopia DAO, the first “Vote-to-Earn” decentralized autonomous organization (DAO). Through this system, token holders gain voting rights and earn rewards for participating in decisions about the project’s future.

This governance model minimizes risks common in meme coins, such as rug pulls or poor team decisions, by placing control in the hands of the community. Such transparency and decentralization aim to address challenges that have plagued other projects, like the notorious $15 million loss from Pepe’s treasury in 2023.

Flockerz also offers staking, with current yields at 380% APY, allowing holders to generate passive income. However, this rate will decline as participation increases. By combining voting rewards with staking, $FLOCK provides additional utility compared to traditional meme coins.

Analysts speculate that $FLOCK could achieve significant gains post-ICO, with some estimating 100x returns. However, these projections depend on the DAO’s ability to make sound decisions and broader market conditions. The project has passed audits by Coinsult and Solid Proof, adding a layer of security. With the presale price set to increase in 29 days, early participation offers potential advantages. 

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