3 Hidden Gem Altcoins That Can Yield Gains in December

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As a seasoned crypto investor with a knack for spotting promising projects, I must say that the recent performance of Virtual Protocol (VIRTUAL), Pyth Network (PYTH), and Raydium (RAY) has caught my attention. Having navigated through multiple market cycles, I can confidently say that these three coins are not just blips on the radar but could potentially be game-changers in their respective niches.

November witnessed Bitcoin hitting a fresh record high, prompting coins such as Solana and SUI to follow suit. While we may not be in the full-blown altcoin season just yet, given Bitcoin’s continued dominance on the charts, projects like Virtual Protocol (VIRTUAL), Pyth Network (PYTH), and Raydium (RAY) are demonstrating remarkable growth.

Over the past week, VIRTUAL has experienced a 71.29% increase, fueled by discussions surrounding cryptocurrencies related to artificial intelligence. Meanwhile, PYTH and RAY are thriving due to their leadership within their respective ecosystems and practical applications. Both tokens are garnering attention and underscoring the growing possibilities of DeFi and blockchain technology.

Virtual Protocol (VIRTUAL)

Lately, VIRTUAL surpassed its previous record and crossed over the $1 billion market capitalization, cementing itself as an emerging powerhouse within the artificial intelligence-focused cryptocurrencies sector.

The coin has surged 161.75% in the past month, driven by growing interest in AI-focused blockchain projects. As the AI coin narrative continues to gain traction, VIRTUAL’s momentum suggests there could still be significant upside potential.

Due to a recent boost, VIRTUAL has moved up to be the fifth-biggest AI cryptocurrency in terms of market capitalization. Currently, it sits below RENDER, TAO, FET, and WLD but has managed to outrank AKT.

Pyth Network (PYTH)

In simple terms, the digital currency known as Pyth (PYTH), which is associated with the Pyth Network, has seen a surge of 27.14% over the past month. This increase indicates growing attention towards the blockchain oracle for market data. Even though PYTH hit an unprecedented peak of $1.15 on March 16, 2024, its current price is approximately 60% lower than that maximum value.

The network’s TVL has grown to $520 million from $408 million last month. That shows progress but is still far below its record $1.37 billion in March.

If PYTH continues to perform as it is now, it might soon overpower its existing resistance at $0.49 and potentially reach levels between $0.55 and even $0.60 in the upcoming period. Additionally, the positive effects of the “altcoin season” could potentially enhance its oracle business.

Raydium (RAY)

Raydium (RAY), a prominent player in the world of decentralized exchanges, has risen to the top, outperforming other platforms such as Uniswap and PancakeSwap in terms of fees earned on trades.

Over the last month, I’ve seen my investments in Raydium rake in over $200 million in fees, outshining heavyweights like Jito, Solana, Ethereum, Circle, and Uniswap, with Tether being the sole exception. As meme coins gain traction within the crypto world, I anticipate Raydium’s growth to persist.

RAY is currently up 61.40% in the past month and an astounding 1,345.81% in the past year, though it remains 67.87% below its all-time high from 2021.

With Raydium showing its strength and expanding quickly, the token’s recent trends might indicate a more powerful climb ahead as the altcoin market’s peak season is still unfolding.

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2024-11-28 19:58