Top 3 Cryptocurrencies To Watch This December

The cryptocurrency market is undergoing another significant correction, with most assets among the top 100 projects by market capitalization trading in the red. Bitcoin (BTC), the leading cryptocurrency, has dropped to approximately $101,000, marking a sharp decline from its recent highs.

The recent dip in the cryptocurrency market has left many investors puzzled. Typically, a Federal Reserve decision to cut interest rates—such as the recent reduction of 25 basis points—is seen as a positive sign for markets, often boosting investor confidence.

The cryptocurrency market correction might be linked to projections for 2025. Instead of three expected rate cuts, there will now be just two. The Federal Reserve also anticipates prolonged inflation, raising its 2025 inflation forecast from 2.1% to 2.5%. Additionally, inflation in 2026 is projected to reach 2.1%, still above the Fed’s 2% target.

These changes may have unsettled cryptocurrency investors, with risky assets struggling even after a rate cut. However, here are 3 Must-Watch Cryptocurrencies for December.

3 Must-Watch Cryptocurrencies for December

1. Binance Coin (BNB)

Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, designed to facilitate secure and transparent transactions through the use of smart contracts. BNB is used for a variety of purposes, including transaction fee discounts on the Binance Exchange, participation in token sales, and powering the Binance Smart Chain for dApps.

Currently, BNB is experiencing a market correction, a common occurrence in the volatile world of cryptocurrencies. Despite this dip, analysts suggest that the token could regain momentum in the coming weeks as broader market trends and ecosystem developments unfold.

It’s worth noting that BNB recently set a new all-time high, reaching $788.84 on December 4, 2024. This milestone highlights the growing adoption and utility of the token within the crypto space. As the Binance ecosystem continues to expand with new innovations and partnerships, many experts believe BNB has the potential to rally again soon.

2. Solana (SOL)

Solana (SOL) is a high-performance cryptocurrency and blockchain platform designed to facilitate the development and execution of decentralized applications (dApps) and crypto projects. Known for its speed, scalability, and low transaction costs, Solana has become one of the leading blockchain networks in the industry.

Over the last two years, SOL, the native cryptocurrency of the Solana network, has demonstrated remarkable performance, despite facing significant market volatility. Following the collapse of FTX in late 2022, the price of SOL plummeted to below $10, shaking investor confidence.

In a sign of its strong rebound, SOL recently reached a new all-time high of $263.21, showcasing its potential as a major player in the cryptocurrency market. Analysts suggest that the asset could see substantial growth in the coming weeks.

3. Ripple (XRP)

Ripple is a digital payment network and protocol that was launched in 2012 by Chris Larsen and Jed McCaleb. Designed to facilitate fast, low-cost international money transfers and currency exchanges, Ripple uses its native cryptocurrency, XRP, as the backbone of its operations.

Unlike traditional banking systems, Ripple’s blockchain technology allows transactions to be completed in seconds and at a fraction of the cost of standard cross-border payment systems. In 2024, XRP experienced a year of significant milestones.

Ripple achieved a major legal victory by settling its long-standing lawsuit with the U.S. Securities and Exchange Commission (SEC), a development that removed much of the regulatory uncertainty surrounding XRP. Additionally, the cryptocurrency made headlines when it broke the $2.5 mark for the first time in nearly seven years. XRP may be poised for a rally in the near future.

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