Altcoins
Best Crypto to Buy Today December 29 – Kaspa, Bonk, Sei
Last Updated: December 29, 2023 3:02 PM EST | 3 minutes of reading
Unsurprisingly, cryptocurrency markets are choppy on the last Friday of 2024, as massive options expirations trigger waves of unpredictable buying and selling pressure as market participants hedge and reposition ahead of the new Year.
Bitcoin options worth around $11 billion expired today, according to data presented by The blocka new absolute record.
Bitcoin (BTC) was last trading around $42,000, down about 1.5% over the past 24 hours, according to CoinMarketCapwhile Ether (ETH) was around $2,300, down around 2.5% over the same period.
Conditions across major altcoins are mixed, with Solana (SOL) up 4.5% in the $103s, BNB (BNB) down 6.5% and Cardano (ADA) down 2.5%.
Traders anticipate the main driving factors in 2024, including near-term potential. spot Bitcoin ETF approvals in the US, Ethereum’s Dencun UpgradeTHE Bitcoin issuance rate cut in halfthe perspective of start of a new cycle of Fed rate cutsthe US elections and subsequent developments in various major crypto lawsuits, including the American SEC vs. Ripple and the American SEC vs. Binance And Coinbase.
Ahead of 2024, here are some of the best cryptocurrencies to buy today.
Kaspa ($KASPA)
$KASPA bulls have regained control over the past two days after the price broke north of a downtrend in play since early December.
The cryptocurrency was last trading around $0.12 and was looking for a breakout north of its 50 and 21 DMAs, which could open the door for a quick push toward this year’s all-time highs in the area. of $0.155.
Longer term, the $KASPA chart structure remains very bullish, with the 2023 uptrend still strongly intact.
Kombat Meme ($MK)
For those with a high risk tolerance, investing in a promising web3 project by purchasing their token presales is a good way to generate potential rapid exponential gains.
Cryptonews.com spends a lot of time analyzing which presales have potential, and one of those projects they are big fans of is an exciting new project called Kombat meme.
Meme Kombat mixes the world of crypto gaming and gambling with its exciting platform where users can bet on the outcomes of exciting battles between characters based on some of the crypto world’s most popular meme coins.
Early investors in $MK can also benefit from generous staking rewards, which are currently over 100% per year.
The project has already raised nearly $5.25 million, despite launching only a few weeks ago.
Damn it ! ($BONK)
The third largest coin in the world and a darling of the Solana ecosystem, Bonk! ($BONK) regains the upper hand on Friday, after a difficult week.
On Thursday, $BONK fell back to $0.0000125, down more than 65% from its peak earlier in the month above $0.00003.
It has since recovered more than 20% from those lows to trade around $0.000015, meaning it remains around 86 times higher from the October lows.
Yes Bonk! can return above its downtrend from its record highs, it has a good chance of quickly moving back towards $0.00003, making it a good crypto to buy today.
Sei ($SEI)
Financial-focused blockchain Sei ($SEI) hit new record highs near $0.60 on Friday, rising another 27% on the day and taking its gains from October lows to over 500 %.
With a still relatively small market capitalization of $1.3 billion and great potential for this new technologically advanced blockchain, Sei still offers a good possibility of 10x or more gains.
Sponge V2 ($SPONGEV2)
Sponge V2 ($SPONGEV2) is the reincarnation of the legendary SpongeBob-themed $SPONGE token, which reached a market cap of almost $100 million earlier in 2023 and generated gains in the range of 100x for its first investors.
$SPONGE token holders will be able to stake their tokens to receive an equivalent amount of $SPONGEV2 tokens, as well as start earning staking rewards (paid in $SPONGEV2) with a minimum APY of 40%.
The main advantage of $SPONGEV2 over $SPONGE is that it will power a new play-to-earn game, details of which have yet to be released.
But we know that there will be a free and a paid version of the game.
Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.