The post These 6 Undervalued Coins Are Your Best Shot at Turning $500 into $500,000 This Altcoin Season appeared first on Coinpedia Fintech News In the current cryptocurrency landscape, smart investors are always in search of undervalued altcoins which can give them an unreasonably good return. During altcoin season there are a few tokens you can strategically invest in, and the right investments of $500 can turn into $500,000. RXS Set for Explosive Growth: Presale Raises $27M with Projections of $36 by Mid-January Due to this focus on Real World Assets (RWA), RXS is certainly creating a buzz in the cryptocurrency world. Currently, RXS is in its presale phase and is trading at $0.150 with the potential to reach $36 by mid January. Its strong fundamentals and the growing interest in tokenizing real world assets, support this remarkable potential for growth. Over $27 million has now been raised in the presale with 343 million tokens sold out of a total supply of 380 million. After listing on CoinMarketCap and CoinGecko, and with an audit by Certik, RXS has built credibility in a crowded market. RXS has analysts bullish about it, believing it will outperform many altcoins this coming season. With its momentum picking up pace very fast, and with everyone waiting for its launch, it might actually be a smart move to allocate 80 percent of your $500 portfolio to RXS. Milestone Alert! Rexas Finance has successfully raised $27.8 Million! Thank you for your support! Buy Now: https://t.co/tNJAsvAL8G #rexas $RXS #RexasFinance #crypto pic.twitter.com/xDAJFloQOq — Rexas Finance (@rexasfinance) December 12, 2024 ARB: The Layer 2 Contender With a 68% increase over the past month, ARB, which is currently trading around $1.40, has been anything but stagnant recently. With Ethereum ultimately set to rally towards new all time highs, ARB has the opportunity to ride this momentum. There is a lot of optimism among analysts regarding the ability for ARB to break through resistance levels, and some predictors are forecasting that ARB could rise to $1.60 and $2.20 immediately. L2 SEASON INBOUND? As Ethereum gears up for its rally to new all time high’s, L2’s are getting ready.. $ARB is trying to reverse with an inside bar breakout, if it can we will see $1.60 next, and then $2.20… Patience Pays pic.twitter.com/nk9QaHgyh0 — CRYPTOWZRD (@cryptoWZRD_) December 11, 2024 The buzz around such upcoming layer 2 solutions as ARB is palpable for they help to scale the Ethereum network and lower transaction fees. As Ethereum continues to evolve, ARB is not just a speculative investment but a practical one too, this being due to the existence of the more profound proof of stake features, that many people would want to take advantage of. Mantle: A DeFi Powerhouse Mantle prices are also rising; up 62% in the last month to $1.26, another altcoin that has caught investors’ eye. Analysts say mantle is one of the most underrated ecosystems in decentralized finance (DeFi). The robust fundamentals and an innovative approach make it their favourite ingredients to see it as one of the top layer 2 tokens to watch out for 2024. I've never seen a DeFi ecosystem as good as Mantle's. I've already mentioned the reward station program, but recently, they have introduced a new one Stake $MNT in flexible or fixed period, and watch your $ENA reward grow (worth $4.2M) – Visit: https://t.co/bdvBrB3PCn -… pic.twitter.com/moUx2OYwmL — Faycy (@Faycytw) December 11, 2024 If DeFi stays its course and siphons investors from traditional finance, Mantle’s unique play could be very explosive. On top of this, Mantle’s underlying technology and community support lend further confidence of its imminent performance. Kaspa (KAS) Poised for 10x Growth: A Hidden Gem in the Altcoin Market At the time of writing, Kaspa is trading in the region of $0.1635, up about 17.46% over the last 30 days. While it’s far less known than some of its counterparts, analysts believe Kaspa will soar, and can even see a tenfold increase in price as soon as it begins to rally. $KAS when it starts running is gonna do a straight 10X Kaspa is the one to watch! pic.twitter.com/r6KFDGiZZa — Bruiser (@bruiserscalls) December 12, 2024 This is reason enough for Kaspa to be included in any of your investor portfolios. Its growing community and distinctive technology make it likely that it will soon play a bigger part in the altcoin world. Algorand (ALGO) Eyes $1: A Stable Yet High-Growth Option for Blockchain Innovators ALGO at $0.42, analysts believe the coin’s price will hit $1 soon. Algorand is one of the more mature cryptocurrencies in the market with stable growth potential. It has a focus on scalability and transaction speed making it a great option for developers that want to develop decentralized applications. Algorand is appealing for investors looking for a balanced risk reward and more investors also to invest as it is very innovative within the blockchain space. Sei (SEI) Set for Breakout: A Strategic Buy as Price Consolidates Near Key Support Levels Another altcoin worth considering is Sei, now trading around $0.60. Sei’s price likely just completed a wave pattern with relevant support level pivots between $0.54 and $0.39, analysts say. Sei’s journey along these price levels provides an opportunity for investors who can recognize entry points along potential dips. $SEI : The price is likely working on a wave-(B). Relevant support is between $0.54 and $0.39. pic.twitter.com/3PmY2HRskf — Man of Bitcoin (@Manofbitcoin) December 11, 2024 Sei’s market dynamics show that as conditions improve for the broader markets, Sei could be gearing up for a breakout as part of the altcoin season. Conclusion: Seizing the Opportunity With the sidling of what a lot of the market thinks will be an explosive altcoin season, selecting undervalued coins like RXS can be essential to optimising investment returns. RXS has performed well in its presale and is anchored in real-world assets making it the prime choice for those who wish to convert a minimum investment into an exorbitant sum of money. While coins such as ARB, Mantle, Kaspa, Algorand, and Sei also provide a strong case to invest in, it may be that RXS is best positioned to lead the pack of the upcoming market cycle. If you’re strategic about allocating your portfolio and pay special attention to RXS, chances are you will be in a great spot to take advantage of those coming opportunities in the ever-changing world of cryptocurrency. Website: https://rexas.com Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance
Crypto market recording $788 million in liquidations amid huge sell-off
Most meme coins plunged this week as many retail traders continued to sell in panic as the outlook in crypto worsened. The market cap of all meme coins tracked by CoinGecko was down by 12% to $113 billion on Dec.…
Most meme coins plunged this week as many retail traders continued to sell in panic as the outlook in crypto worsened. The market cap of all meme coins tracked by CoinGecko was down by 12% to $113 billion on Dec. 13. While most meme coins plunged, the sell-off was more pronounced among smaller tokens. Brett ( BRETT ), the biggest meme coin in the Base Blockchain, fell by 11.2% on Thursday and by 23% in the last seven days. Peanut the Squirrel ( PNUT ), a Solana meme coin that went viral recently, has plunged by 40% in the last seven days. Similarly, Popcat ( POPCAT ), Turbo, and Mog Coin were among the worst-performing cryptocurrencies. The market cap of all Solana meme coins dropped by 15% to $15.5 billion. Meme coins have crashed because of the ongoing performance of Bitcoin. After soaring to a record high of $108,200, Bitcoin fell below $100,000, as we predicted earlier this week. Bitcoin has dropped because of profit-taking and the jitters surrounding the hawkish Federal Reserve. In its last meeting of the year, the bank warned that it will deliver just two cuts in 2024 as it expressed concerns about inflation. You might also like: 2 reasons why Bitcoin and other crypto just crashed Meme coins crashed after Bitcoin fell Meme coins always drop when Bitcoin slips. Their retreat is usually more severe because most of them are held by retail investors riding the bullish wave. This is unlike Bitcoin, which has huge institutional investors like MicroStrategy, Marathon Digital, and Tesla. Bitcoin ETFs also have over $115 billion in assets. Historically, institutional investors have a longer investment horizon than retail traders. A good example of this selling is in on-chain metrics. According to Nansen, the number of smart money investors in Peanut the Squirrel has dropped to just 35 from last month’s high of almost 100. Peanut the Squirrel smart money movements | Source: Nansen The same trend is happening in Brett, where the number of smart money holders and their balances have dropped in the past few weeks. Brett has about 40 smart money holders, while their balances have fallen to their lowest level in months. Brett token smart money investors | Source: Nansen Will meme coins rebound There is a likelihood that Bitcoins and these meme coins will bounce back for three reasons. First, Bitcoin is still in an uptrend, with this retreat being a breather. Technicals suggest that Bitcoin price will peak at around $122,000 in this bullish cycle. It is not uncommon for Bitcoin to retreat after hitting a key resistance. For example, it went through a prolonged consolidation when it rose to an all-time high in March. Second, historically Bitcoin – and altcoins – do well during the first quarter of the year. Data by CoinGlass shows that the average Bitcoin return in the first quarter is 56%. This makes it the second-best quarter after the fourth quarter, meaning that there are odds that they will bounce back in Q1. Bitcoin performance by quarter: Source: CoinGlass Third, financial assets often overreact when there is a major event and then moderate as traders adjust to the new normal. A good example of this was in March 2020, when stocks and crypto plunged after COVID was declared an emergency. They then bounced back and reached an all-time high. You might also like: Ethereum price crashes to key support as ETH ETF inflows surge
Bitcoin (BTC) is about to get more recognition in the coming year, riding on its reserve status and performance over the past year. According to Bloomberg’s Mike McGlone, the digital currency may become a top commodity indicator in 2025 after outpacing other profiled assets. While highlighting the prospects of Bitcoin, the Bloomberg Intelligence Senior Commodity Strategist also spotlighted the positive showoff from gold. BTC on Top of Bloomberg’s Commodity Performance List Mike McGlone confirmed that Bitcoin has outsmarted commodities on its watchlist, including the MSCI Emerging Markets Net Total. As McGlone shared in a chart, BTC is up 138.6% year-to-date (YTD), while Gold has earned a comparative 25.7%. The next top-performing asset is the S&P 500 Total Return Index with a close 25.3% growth YTD. Other assets like the MSCI Emerging Markets Net Total, The MSCI World ex USA Net Total Re and Broad Dollar Index scored meagre 12.2%, 9.8%, and 5.0% respectively. Not all assets profiled by Bloomberg saw gains as its US Treasury 20+ Y and Generic 1st ‘CL’ Future dropped 4.3% and 3.3%. These glaring performance prompted Mike McGlone to acknowledge how 2024 turned out very good for risk assets. Bitcoin May Be a Top Commodity Indicator in 2025. #Bitcoin on the top of our macroeconomic annual performance dashboard and US Treasury #bonds on the bottom may suggest it’s about as good as it gets for risk assets. That #gold has outperformed the AI-driven S&P 500, despite… pic.twitter.com/8ngXGxsfum — Mike McGlone (@mikemcglone11) December 19, 2024 Bitcoin recorded numerous All-Time High (ATH) milestones this year. Earlier this week, BTC price topped $108,000 for the first time, before reversing its gains. Bitcoin Reserve To Shape Narratives One major highlight for the premier digital currency this year is the adoption from corporate firms. Beyond business intelligence and software firm, MicroStrategy, companies like Metaplanet and Semler Scientific adopted Bitcoin as a strategic reserve asset. As reported earlier by Coingape, mining giant MARA Holdings bought 15,574 BTC for $1.53 billion, an acquisition that has helped fuel the coin’s growth to date. Despite this, the pivot by world governments to develop a BTC strategic reserve remains the top highlight to watch out for next year. From the United States to Japan and the EU, the conversion is growing across the board. If countries like the US achieve this reserve status as planned, experts claim it could help deal with the huge national debt crisis. The post Bloomberg Provides Bullish Outlook For Bitcoin In 2025 appeared first on CoinGape .
Michael Saylor, the executive chairman of MicroStrategy, remains as ambitious as ever. This is despite the fact that he has forfeited his voting rights. During a recent interview on Tom Bilyeu’s Impact Theory, he reaffirmed his assertion from the Bitcoin 2024 conference in Nashville that Bitcoin would ultimately be valued at $13 million. Around the time Michael made this prediction, the asset was trading for $65,000. Now Bitcoin is trading at $104,000, and he is still grounded on that prediction. Saylor told the host, Tom Bilyeu, that his $13 million Bitcoin price target was calculated using the “Bitcoin24” model. Saylor’s main assumption is that Bitcoin will experience a 20% annual growth rate over 21 years. He explained that Bitcoin’s trend for several years has been to increase by 60% annually and have an average rate of return of 29% over the next 21 Years. In addition, Saylor explained that 95% of the world remains in the dark about Bitcoin’s potential. Therefore, he said that with education and adoption by high-net-worth individuals, Bitcoin would definitely reach its target. The MicroStrategy Chief said, “And the thing driving it from $100,000 to $13 million over the next 21 years is the adoption of it as a capital asset by people that have the wealth.” Microstrategy’s humongous purchases confirm Saylor’s convictions In the interview, Saylor said that in six weeks, they had raised $15 billion. This explains why Microstrategy has been buying Bitcoin in huge quantities. If Michael Saylor believes that Bitcoin is going to rise much higher then that shows why they have been buying Bitcoin at $100,000. In fact, between December 9 and December 15, MicroStrategy acquired 15,350 Bitcoins for an estimated $1.5 billion at an average price of $100,386 per BTC. As a result of this most recent acquisition, the company’s total Bitcoin holdings, which are valued at over $45 billion, have increased to 439,000 BTC. The acquisition was funded by the sale of 3,884,712 Class A shares. In totality, MicroStrategy has invested $27.1 billion in Bitcoin to date, with an average purchase price of $61,725 per coin. In addition, Michael Saylor touched on the new administration saying that it is a supportive one. He reminded people that Trump said that no one should sell their Bitcoin. Moreover, MicroStrategy’s shares have increased by 490% year-to-date, surpassing Bitcoin’s growth of approximately 150%. Saylor’s take on Bitcoin as a strategic reserve America and El Salvador have been on the edge of adopting BTC as one of their nations” financial reserves. Saylor mentioned that this could happen during the Donald Trump administration. Recently, legislation was introduced in the Texas House of Representatives to establish a strategic Bitcoin reserve. This reserve is expected to potentially function as a proving ground for the U.S. Treasury. Giovanni Capriglione, a Republican state representative, declared that the proposed legislation would allow the state to establish a strategic bitcoin reserve by collecting taxes, fees, and donations in bitcoin, which would be held for a minimum of five years. Still, Saylor explained that in the next four years under Trump’s administration, Bitcoin is going to go up because of the “crypto renaissance.” When asked about D.O.G.E, he said, “Elon Musk is the number one sponsor of Bitcoin in the magnificent seven.” He explained that Tesla has Bitcoin on the balance sheet of the seven biggest companies. He mentioned that Vivek is also pro-Bitcoin. Saylor said, “What’s going on right now is the emergence of Bitcoin as the digital capital network for the world.” To that end, Saylor said that the US is the leading nation in digital assets, and it would be a great opportunity for it to win against the BRICS. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
El Salvador’s agreement with the IMF could shutter the country’s state-backed Bitcoin wallet Chivo, but not its overall BTC support. Bitcoin-friendly nation El Salvador will sunset or sell its Chivo crypto wallet as it scales back Bitcoin ( BTC ) activity as part of terms to secure a $1.4 billion International Monetary Fund loan . Stacy Herbert, director of El Salvador’s national Bitcoin office, said the decision was part of its agreement with the IMF. Notably, Chivo’s fate will not impact BTC laws in the country, and Bitcoin will remain available as legal tender under the IMF deal per Reuters. El Salvador introduced Chivo in August 2021, around the same time it legalized Bitcoin nationally. Chivo served as the sovereign crypto wallet to propel President Bukele’s ambitious BTC agenda. Citizens received BTC rewards for signing up with Chivo at the time, but the crypto wallet suffered several setbacks. Hackers attacked Chivo on at least two occasions, exposing sensitive user data and leaking the wallet’s code in April 2024. You might also like: Bukele on Bitcoin: ‘It gave us branding, investment, and tourism’ El Salvador’s Bitcoin bet Despite Chivo’s likely shutdown, El Salvador remains a pro-BTC powerhouse. Under President Bukele, the country became the first jurisdiction to adopt BTC as legal tender and deploy state funds for Bitcoin purchases. Since September 2021, when it legalized BTC, President Bukele has overseen a $270 million investment into the trillion-dollar asset. El Salvador held over $632 million in BTC at press time, with $362 million in unrealized profits from its Bitcoin bet. BTC’s rise above $100,000 triggered growth in El Salvador’s bond markets, a landmark moment in crypto history. It was the first time BTC price patterns impacted sovereign-issued debt. Other nations like Brazil and the U.S. have now announced plans to explore Bitcoin reserve laws, following years crypto skepticism. 😌 pic.twitter.com/w9FrMmCkwi — Nayib Bukele (@nayibbukele) December 16, 2024 Read more: El Salvador and Bhutan: Betting on Bitcoin’s future | Opinion
El Salvador’s agreement with the IMF could shutter the country’s state-backed Bitcoin wallet Chivo, but not its overall BTC support.
21Shares Polkadot Trust Registered in Delaware ————— 💰Coin: Polkadot ( $DOT ) $7.50 ————— NFA.
The crypto world has seen some massive moves recently. Deutsche Bank—Germany’s largest bank—is now leaning on Ethereum’s blockchain to tackle regulatory challenges, a bold step towards bridging traditional finance with decentralized solutions. Meanwhile, Render (RNDR) has caught everyone’s attention, with a big chunk of holders sitting on profits and actively swaying the token’s price action. But perhaps the most exciting headline? Qubetics ($TICS) raising a whopping $7.2 million in its presale, showing it’s not just another token but a serious contender for explosive gains. While Ethereum and Render are tackling specific challenges in finance and creative industries, Qubetics is out to simplify how crypto fits into our daily lives. Let’s dive into why these projects are shaping up as the best cryptos to buy in December 2024. Qubetics ($TICS): Revolutionizing Everyday Crypto Use Qubetics isn’t just another crypto project—it’s a game-changer for how people interact with digital assets. Managing crypto has been, let’s face it, pretty complicated. But with Qubetics’ Non-Custodial Multi-Chain Wallet , everything gets easier. Here’s a scenario: imagine a freelance photographer landing a gig with an international client. Typically, waiting for cross-border payments is like watching paint dry. But with Qubetics, payments are instant. The wallet’s smart contract conversion mechanism even converts crypto into fiat at checkout, making the process as seamless as getting paid through PayPal. The standout feature? Its integration with Apple Pay, Google Pay, and desktop systems. Whether you’re buying coffee or settling invoices, Qubetics brings crypto payments to the mainstream. Plus, with built-in protection against the crypto market’s wild swings, transactions stay stable and secure. Right now, Qubetics is in Presale Phase 13, with tokens priced at just $0.0342. Over 10,800 holders have already jumped in, and 359 million $TICS tokens have been sold. The project has raised over $7.2 million, and the next presale phase comes with a 10% price hike, making this the perfect time to invest. With post-presale prices projected to hit $0.25 and a potential 900% ROI, Qubetics has secured its spot as one of the best cryptos to buy in December 2024. Ethereum (ETH): Driving Financial Innovation with Deutsche Bank Ethereum has always been the backbone of decentralized applications, and now, it’s taking on traditional banking. Deutsche Bank, Germany’s largest financial institution, recently adopted Ethereum’s blockchain to navigate complex regulatory frameworks. This marks a significant milestone in blockchain’s integration with legacy systems. Why does this matter? It proves Ethereum isn’t just about DeFi or NFTs anymore—it’s a solution for global-scale problems. Deutsche Bank’s move validates Ethereum’s robustness and its potential to modernize how big banks operate. Ethereum’s recent upgrades, like the shift to proof-of-stake (PoS), have made it faster and more energy-efficient, cementing its appeal to enterprises. And with gas fees becoming more predictable thanks to Layer 2 solutions like Arbitrum and Optimism, Ethereum is more accessible than ever. These developments keep Ethereum in the spotlight as one of the best cryptos to buy in December 2024. Whether you’re in it for its potential to transform industries or its long-term value, ETH is still a solid pick. Render (RNDR): Empowering Digital Creators and Influencing Price Action Render Network has carved out its space by offering decentralized GPU rendering solutions, a lifesaver for digital artists and content creators. But what’s making waves right now? Nearly 60% of RNDR holders are in profit, and this group is actively shaping the token’s price dynamics. Let’s say you’re a game developer working on a new project. Instead of investing in costly hardware, you can tap into Render’s decentralized network to access GPU power. That’s the beauty of Render—it democratizes access to resources that were once out of reach for many creators. On top of that, RNDR’s recent partnerships with major tech companies are setting the stage for a broader adoption. Analysts are even speculating that RNDR could surge to $50-$80, especially if it continues to dominate the rendering space. For anyone looking to diversify their portfolio, Render is one of the best cryptos to buy in December 2024, offering a unique blend of utility and growth potential. Which Crypto Should You Bet On? The crypto market is always evolving, and 2024 is shaping up to be another breakout year. Qubetics ($TICS) offers groundbreaking solutions to make crypto more user-friendly, with a presale price that screams opportunity. Meanwhile, Ethereum (ETH) continues to prove its value as a financial infrastructure powerhouse, with backing from institutions like Deutsche Bank. Lastly, Render (RNDR) is empowering creators and holding its ground as a profitable investment. Based on the latest research, we recommend considering Qubetics ($TICS), Ethereum (ETH), and Render (RNDR) as the best cryptos to buy in December 2024 . Each project stands out in its own way, whether it’s simplifying payments, modernizing finance, or empowering creatives. For More Information: Qubetics: https://qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .