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The cryptocurrency market has displayed a strong bullish price action over the past few days. This has resulted in the crypto space achieving a new ATH. Moreover, with Bitcoin price hovering above the $97k mark, the altcoin market is gaining momentum.
Planning on investing in undervalued altcoins but concerned about their prospects? In this article, we have covered the top 3 cryptocurrencies that have the potential to outperform top projects during the last month of the year 2024.
Bone ShibaSwap (BONE)
Built on the Ethereum chain, Bone ShibaSwap (BONE) (DOGE-Killer) is the ShibaSwap (DEX) governance token. It allows its users to vote on proposals, submit proposals, and access NFTs. However, SHIB is considered to be the “Dogecoin (DOGE) killer” and the second-largest memecoin.
The Bone ShiabSwap has experienced major growth in its community over the past few days. This has resulted in this meme coin achieving a market capitalization of ~146 million. With this, the BONE token is currently listed at 381st position in the crypto market.
If the cryptocurrency market experiences an altcoin season, this could push the price of this memecoin toward its high of $2 by the year-end. Conversely, a bearish reversal could pull the price toward its crucial low of $0.3128.
Aethir (ATH)
This altcoin is revolutionizing “DePIN” with its advanced and distributed infrastructure tailored for AI and gaming. Moreover, Aethir aims to serve enterprise “AI clients” who need the world’s most powerful AI chips around the world. All of this is accomplished by bringing the GPU cloud to the community and making it accessible to all.
The Relative Strength Index (RSI) has surpassed the overbought range. Moreover, its SMA indicator constantly supports the Aethir price chart, indicating a bullish outlook in the upcoming time.
Suppose, the bullish sentiment, the ATH price may prepare to retest its all-time high this year. On the flip side, if the bears regain power, this altcoin may retest its lower support level of $0.050.
Decred (DCR)
Decred is considered as evolved money. Notably, by combining battle-tested PoW with an innovative application of PoS, Decred is able to adapt to challenges. Moreover, its security, privacy, scalability, and decentralized treasury provide the tools to enhance financial sovereignty.
The Decerd price is currently valued at $17.02 with a 24-hour trading volume of $3.123 million. Moreover, with a market capitalization of $284.73 million, it has secured the 263rd position in the global cryptocurrency market.
With increased price volatility, the Decerd price may retest its multi-year high. Conversely, if the bears gain momentum, this altcoin could retest its crucial low of $10.
