Despite its volatility, Cryptocurrency has remained a profitable investment over the years. The increasing number of investors and traders has shown that everyone stands to make a profit.
While you are considering investing in any cryptocurrency, staying updated about the crypto market is essential. In this article, we will be looking into the top 15 picks of cryptocurrencies you should watch out for in December.
- Bitcoin (BTC)
With a market cap worth over $1.17 trillion, Bitcoin is one of the cryptocurrencies you should watch out for next December. Founded under the alias Satoshi Nakamoto in 2009, Bitcoin (BTC) operates on a blockchain or a ledger distributed across a network of computers to log transactions.
Through Smart Contracts, Bitcoin has enhanced its flexibility, privacy, security, and transaction efficiency which makes it one of the trusted cryptocurrencies that you should watch out for. Currently, Bitcoin ranks #1 on CoinMarketCap with a live market price of $63,819.40 While Bitcoin has fallen by 0.97% in the last 24hours (at the time of writing), it has a maximum circulation of over 21,000,000. Although its volatility and price might make you reconsider investing in Bitcoin, it remains a profitable cryptocurrency that you should put on your watch list.
- Ethereum (ETH)
Ethereum is more than just a cryptocurrency, it’s a blockchain market that allows users to create their own cryptocurrency. Worth over $520 billion, Ethereum has unique applications which include Smart contracts and Non-Fungible Tokens (NFTs). While it doesn’t quite meet the value of Bitcoin, Ethereum has also witnessed incredible growth.
Although Ethereum operates on the blockchain platform, transactions can take longer than usual. However, they are working on moving over from proof of work (PoW) to proof of stake (PoS), which will speed up the transaction processing speed. It is currently the cryptocurrency with the second-largest market cap.
At the time of writing, the price of Ethereum is $4,542.43, and its value within the past 24 hours has dropped by 2.98%. While there is no maximum supply of coins and the network is struggling with high transaction costs, Ethereum remains one of the top cryptocurrencies you should watch out for.
- Binance Coin (BNB)
Binance allows you to automate your crypto purchases. With the Binance coin, you can make transactions online and trade on Binance at a fast rate without any fear of inflation. With a market cap worth over $88 billion, Binance is one of the largest cryptocurrencies you should put on your watch list.
Since its takeoff in 2017, Binance Coin has upgraded well beyond merely enabling trades on the Binance exchange platform. It can now be used for trade, payments, or booking travel reservations. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin. BNB is safe, secure, and can be used for instant transaction processing. While it currently ranks #3 on CoinMarketCap, its price is $649.12 with a 24-hour trading volume. Binance Coin has dropped by 0.51% in the past 24 hours (at the time of writing) Looking into the trading chart, the coin has the potential of skyrocketing next month.
- Cardano (ADA)
Cardano’s market cap is now worth more than $66 billion. Cardano’s ADA token has experienced considerable growth compared to other crypto coins. While it did not appear in the crypto market until recently, Cardano is significant for its proof-of-stake validation. This is to ensure that transactions are executed on time.
Cardano removes the complicated and competitive aspect of transaction validation used in other cryptos like Bitcoin by decreasing energy usage. Just like Ethereum, Cardano utilizes smart contracts and decentralized applications powered by its native coin, ADA. Currently, Cardano ADA is ranked #6 on CoinMarketCap. The price of Cardano is $2.01 USD. Although it has gone down by $2.53% in the last 24hours (at the time of writing), Cardano remains one of the potential cryptocurrencies to rise by December.
- Solana (SOL)
Solana is another cryptocurrency you should watch out for in December. It was created to carry out the function of Decentralized Finance (Defi) and Decentralized Apps (DApps).
With a $60 billion market cap, Solana executes transactions quickly and securely through the proof-of-stake and proof-of-history mechanisms. The platform is powered by Solana’s native token, SOL. Solana is a fast, secure, censorship-resistant blockchain that was built for global adoption.
Currently, Solana is ranked #5 on CoinMarketCap. Its live market price (at the time of writing) is $231.36. While it has gone down by 2.39%, you should watch out for the profitable increase of Solana by December.
- Ripple (XRP)
Since its creation in 2017, XRP has grown to be worth over $50 billion. XRP was created by the founders of Ripple, a digital technology and payment processing company. XRP is used for facilitating exchanges of different cryptocurrencies including fiat currencies.
Ripple currently has a market cap of over $55 billion and is ranked #7 in coinmarketcap. The coin has a circulating supply of over 47 billion XRP. Considering the progress they have made in their case with the Securities and Exchange Commission (SEC), we could see XRP coins value increasing soon.
- Polkadot (DOT)
While cryptocurrencies make use of different blockchains, Polkadot seeks to incorporate them by building a cryptocurrency network that binds the various blockchains. This is to ensure that these blockchains can work together.
This has sparked considerable growth and as a result, has altered how cryptocurrencies are managed. Since its launch, Polkadot has grown to over $43 billion in market cap.
The live Polkadot price (at the time of writing) is $45.17 with a 24-hour trading volume of $966,446,751. It ranks #8 on CoinMarketCap. Polkadot has dropped by 4.69% in the last 24 hours.
- Shiba Inu (SHIB)
Looking for a crypto coin to make it big? Shiba Inu (SHIB) is one of the latest coins you should consider. With a market cap of over $41 billion, Shiba operates on the Ethereum network.
Created in mid-2020, Shiba Inu is witnessing spurred acceptance and its value has increased immensely.
The live SHIBA INU price (at the time of writing) is $0.000053. It ranks #11 on CoinMarketCap. SHIBA INU has increased by 1.64% in the last 24 hours.
- Dogecoin (DOGE)
Over the years, Dogecoin has quickly become a leading cryptocurrency. It is an open-source peer-to-peer cryptocurrency. Compared to other cryptocurrencies, Dogecoin has no limit in the number of coins that can be created. With its market cap worth over $38 billion, Dogecoin is vulnerable to devaluation when there is an increase in supply. Dogecoin is a serious investment you can consider but that’s only if you are capable of holding your coin for a very long time.
The live Dogecoin price (at the time of writing) is $0.262069. Dogecoin is up by 0.88% in the past 24 hours. The current CoinMarketCap ranking is #9. The coin has grown by over 5000% this year and this rise can mostly be attributed to several tweets by Elon Musk, the founder of Tesla.
- Bitcoin Cash (BCH)
Compared to Bitcoin, Bitcoin Cash authorizes a larger block size. So, it permits larger transactions. Since its launch in 2017, it has become one of the top-rated cryptocurrencies to invest in.
The price of Bitcoin Cash (at the time of writing) is $659.10. With its trading volume almost reaching a trillion dollars, Bitcoin Cash has dropped by 1.25% in the past 24 hours, but it remains one of the coins to watch out for next month.
- Stellar (XLM)
Stellar has continued to maintain its place as one of the potential cryptocurrencies due to its lower transaction cost and increased acceptance; it also enhances cross-border payments. Stellar has experienced great advancement and growth within just a couple of months. Just 1 week after AMM functionality launched on Stellar, we were already seeing lots of activity and strong engagement from the ecosystem.
The price of Stellar (at the time of writing) is $0.369837. While it has gone down by 2.94% in the last 24hours, Stellar is ranked one of the top currencies you should watch out for.
- Litecoin (LTC)
LTC is a peer-to-peer currency that operates on a decentralized network. Considering its market cap and its limited transaction cost, Litecoin is one of the top cryptocurrencies you should watch out for. It ensures faster transactions and efficient storage and has a block generation which ensures fast confirmation and large transactions.
Litecoin’s price (at the time of writing) is $255.90 with a 24-hour trading volume of $2,344,969,458. Litecoin is down 1.40% in the last 24 hours.
It is currently ranked (at the time of writing) #14 on CoinMarketCap. If you are considering holding your asset for a long time, you should watch out for Litecoin.
- Aave (AAVE)
Aave is a decentralized finance (Defi) protocol that’s focused on the loan industry. If you want to borrow from a DeFi rather than from a bank, all you have to do is deposit a cryptocurrency. Aave allows you to receive interest on your deposits and borrow assets. It now ensures improved capital efficiency.
Aave currently has a market cap of over $4 billion with a circulating supply of over 13 million AAVE coins. The coin is currently ranked #48 in coinmarketcap (at the time of writing) and is trading slightly above $300. The coin is among our top picks for December and is capable of increasing in value before the end of the year.
- Polygon (MATIC)
Polygon is an easy-to-use platform for Ethereum scaling and infrastructure development. One of the major parts is Polygon SDK, a modular, easy-to-use framework that allows for the development of various applications. The polygon network uses the plasma framework which is built on the proof of stake checkpoints that run in the Ethereum main chain.
The token of the polygon ecosystem (MATIC) has seen tremendous growth this year. We could say that the coin has increased by 5000% in the year – making it one of the top coins to watch out for in December.
MATIC is trading at $1.71 (at the time of writing) with a market cap of over $11 million. It is ranked #21 in coinmarketcap with a circulating supply of over 6 billion MATIC coins.
- Chainlink (LINK)
Chainlink is a token network that contributes price and events data received from on-chain and real-world sources. It seeks to offer a solution to the various oracle problems and solve the chain data issues needed to operate any blockchain-based smart contracts.
Many crypto experts have already indicated that the value of this coin will increase before the end of the year. While LINK started with a market cap of just $35, it now ranks #9 on CoinMarketCap.
Although the cryptocurrency market is volatile, that shouldn’t stop you from investing in the above coins. The majority of them have a market cap of over $1 billion, which makes them strong investment options.