3 Newly Launched Cryptos to Watch In December 2024

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As a seasoned crypto investor with years of market experience under my belt, I find myself intrigued by these three new coins – UBC, $1, and JAK. While their rapid growth and large holder bases are impressive, it’s their recent corrections that have caught my attention.

UBC, launched four days ago, has gained over 18,000 holders but saw its market cap drop by 45% in the last day, settling at $34 million. Similarly, $1, launched five days ago, experienced a sharper decline of 65%, with its market cap falling to $8.7 million despite attracting nearly 60,000 holders.

In just a short span of less than three days, the digital currency JAK, centered around animated video coins, managed to attract over 24,000 holders. However, it took an 80% drop in value, bringing its market capitalization down to $3.4 million. At present, all three associated tokens display RSI levels indicating a possible recovery if the buying mood among investors reemerges.

Universal Basic Compute (UBC)

In a mere four days since its launch, Universal Basic Compute (UBC) has garnered significant interest. Boasting over 37,000 daily transactions and more than 18,000 holders, UBC is currently one of the most thriving new cryptocurrencies this week, particularly within the Solana network.

Despite experiencing a 45% decrease over the last 24 hours, its market capitalization is now at $34 million, down from an earlier $48 million, suggesting substantial selling activity following its recent spike. This indicates a possible correction or consolidation of the market value.

At present, UBC’s Relative Strength Index (RSI) is at 45, suggesting a neutral trend in its momentum. This implies that the token isn’t experiencing either overbuying or overselling conditions, but rather, it seems to be stabilizing following the latest price adjustment, possibly indicating consolidation.

Should the University of British Columbia (UBC) exhibit renewed optimistic trends, there’s a possibility it may revisit its $50 million market capitalization. This could translate to approximately a 47% hike in value compared to its current standing.

just buy $1 worth of this coin ($1)

In just five days since its launch on the Solana platform, the $1 digital coin has garnered significant interest, amassing close to 60,000 holders and executing over 81,000 transactions within the past day.

Despite this activity, the coin has faced significant selling pressure, with its market cap dropping sharply by 65% in the last day, falling from nearly $15 million to $8.7 million.

At a Relative Strength Index (RSI) of 43, the current value of $1 is in a balanced state, not indicating either overbought or oversold conditions. This implies that the token might be starting to level off following its significant decline.

Should purchasing activity resume, it’s possible that the $1 price level might regain the $10 million total market capitalization. This could lead to another attempt at reaching its prior peak of $15 million, suggesting a robust rebound following recent setbacks.

Jak (JAK)

The JAK token has picked up momentum by capitalizing on the trendiness of meme coins based on animated videos. In just a few days, it has drawn in more than 24,000 owners.

Regardless of its initial surge, the value of JAK has experienced a significant downturn. Its market capitalization has plummeted by more than 80%, decreasing from $6.2 million to $3.4 million.

JAK continues to experience high levels of daily activity, exceeding 90,000 transactions, indicating ongoing market engagement. At the moment, its Relative Strength Index (RSI) stands at 53, suggesting a balanced momentum.

At this point, it appears that the selling pressure has lessened following the significant drop, but the coin doesn’t show signs of being either overbought or oversold. This means there’s still an opportunity for growth if there’s an increase in positive buying interest.

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2024-11-29 20:41