The crypto markets have not had an easy month. In the past 24 hours, it is down 1.03% and 4.7% in December thus far. Some major contributing factors to the decline include Bitcoin liquidations worth $45.87 million, an increase in derivative trading by 28.47%, and investors transferring funds to “safe-haven” assets such as gold and silver, which recently broke records. To top it all, tariff concerns along with the tight correlation between crypto markets and stocks have been keeping the markets in check.
However, even in a slow crypto market, there are some cryptocurrencies that are catching attention. These are the best cryptocurrencies to invest in now for high returns before the end of the year. There is real momentum in these cryptocurrencies, interesting news associated with them, and perhaps they will be the next cryptocurrencies to give a return of 100x. Here are five cryptocurrencies that investors are particularly interested in.
KAITO took everyone by surprise with a sharp 25% surge over a period of one day, bouncing back from the $0.49-$0.50 level. This caused some persons who bet against KAITO to close their positions, hence increasing the value further. KAITO surged by 24% on the Binance Futures market as well.
The momentum of this token is quite strong but short term. The RSI value in this case crossed 80 briefly, implying that the buying momentum was quite rapid, but it soon eased down at 33. Those looking forward to investing in the best crypto with high gains would find another opportunity in the buying cycle of KAITO.
TrueFi (TRU) rallied by 37.37% in a single day when the market dipped amid Bitcoin's domination at 59.11%. This rally came after the token broke several crucial levels. Institutional investment in tokenized debt is on the rise, and a new TRU pair on the Biconomy exchange made trading convenient.
The price also broke out above important averages ($0.0091) and Fib levels ($0.0125), with high momentum indicators given by the MACD and RSI at 73.99. Given the fall of 53.86% within the last 90 days, this could be a solid reversal. For those looking for the next big altcoin to go to $100, TRU is one to watch.
POWER increased by an impressive 51.69% within 24 hours, in addition to its 287.84% increase over the previous month. The blockchain network recently launched its distribution layer in Web3, allowing other applications to leverage its reputation mechanism. This included games such as Fableborne, attracting more than 380,000 gamers, generating $1.1 million, along with guild rewards in the form of $POWER.
POWER is a popular choice as it is not just a hype tool but is actually being utilized. This is why it is considered to be among the best cryptocurrency to invest in.
COLLECT on Fanable was up 24.89% in 24 hours. Although it was one of the coins that performed well during a market decline, this was not expected. The 24-hour trading volume increased to $27.2 million, which makes it very liquid. There was not much major news, so it seems to be led by retail or social media.
For individuals in search of the best trending cryptocurrencies for today, COLLECT presents an investment opportunity in a small token that has massive short-term investment potential. Such high volatility poses a risk, but it also has massive gains potential.
RAIN increased by a substantial 10.46% in a day, outperforming Bitcoin at -1.5% and Ethereum at -0.8%. The price increased due to funding from a Nasdaq-listed firm, Enlivex, which invested $212 million in RAIN, a technical breakthrough at $0.0075, and a rotation towards high beta alts such as Zcash. The volume escalated by 34% at $64 million.
RAIN is an attractive investment option for speculators willing to invest to see a return of 100x or more. With good liquidity and with institutional backing, RAIN may just continue to climb higher. RAIN is an important option to consider for anyone seeking the best crypto to buy now.
The year is having a weak market condition, here are the top five cryptocurrencies with immense potential, KAITO, TRU, POWER, COLLECT, and RAIN, that could turn out as winners. If you are searching for the best cryptocurrency to purchase this year, these cryptocurrencies could bring profits by the end of this year itself. Through monitoring volume, news, and market action, it is possible to identify investment opportunities in the best crypto gainers, the next crypto to 100x, as well as the best crypto to invest in. Although challenges of unwinds of leverage positions and movements towards gold and silver remain in the market, the best coins will benefit the patient investor.
Disclaimer: This article is for informational purposes only, kindly do your own research before investing in crypto markets.
Muskan Sharma is a crypto journalist with 2 years of experience in industry research, finance analysis, and content creation. Skilled in crafting insightful blogs, news articles, and SEO-optimized content. Passionate about delivering accurate, engaging, and timely insights into the evolving crypto landscape. As a crypto journalist at Coin Gabbar, I research and analyze market trends, write news articles, create SEO-optimized content, and deliver accurate, engaging insights on cryptocurrency developments, regulations, and emerging technologies.