The cryptocurrency market has entered another bull run. Top assets are climbing closer to new peaks. Bitcoin (BTC) has breached the never-before-seen $90,000 level, hitting an all-time high of $$93,477.11 last week.
The latest bull run is likely due to Donald Trump winning the US Presidential race. Trump’s pro-crypto stance may have led to investor sentiment going up. The Federal Reserve cutting interest rates by 25 basis points may have led to market participants increasing their cryptocurrency investments. Rate cuts usually lead to investors taking on more risks.
Also Read: Buy Jio Financial Shares: Target 330 to 350, Say Analysts
Analysts anticipate the crypto market to continue its bullish momentum for the time being. That said, let’s look at three crypto assets you could watch for healthy gains in December 2024.
Top 3 Cryptocurrencies For December 2024
1. Ripple’s XRP
Source – FXEmpire
Ripple’s XRP token has reclaimed the $1 mark for the first time since November 2021, about three years ago. The asset’s resurgence is a testament to its popularity and robustness.
Also Read: Nvidia Reports Q3 Earnings This Week: Will NVDA Stock Boom Continue?
The cryptocurrency’s lackluster performance over the last few years was likely due to the SEC vs. Ripple lawsuit. The suit was recently settled with Ripple, who paid a $125 million fine. With its legal woes out of the way, XRP could continue to rise throughout December 2024.
2. Peanut The Squirrel (PNUT)
Source: The Crypto Times
PNUT is among the best-performing cryptocurrencies right now. The new memecoin has quickly climbed the charts. The project is currently the 69th largest crypto by market cap.
PNUT, and other Solana-based memecoins, have witnessed an incredible run over the last few days. The memecoin may continue its momentum over the next few weeks.
3. Dogecoin (DOGE)
Source – CoinGape
DOGE has experienced an incredible rally since Donald Trump’s victory in the US Presidential election. The memecoin has climbed to the 7th spot among the top projects by market cap.
Also Read: Dogecoin: Investment of $1,000 Turns $1.5 Million Today
With the creation of the Department Of Government Efficiency (D.O.G.E.) with Elon Musk and Vivek Ramaswamy as its head, the meme cryptocurrency may continue its upward movement.
