The cryptocurrency market is entering the final month of 2024 with predictions of strong volatility. Bitcoin, the world's leading cryptocurrency, is expected to conquer the historical milestone of $ 100,000 before the end of this year.
The upcoming Bitcoin halving event, along with the growing interest of large institutional investors in the cryptocurrency market, are believed to be the main factors driving the sharp increase in Bitcoin prices. It is possible that this will create a domino effect, triggering a broad-based price increase for all altcoins.
However, before Bitcoin reaches this important milestone, some altcoins are still showing significant growth potential, attracting the attention of investors. We have analyzed and come up with a list of 5 notable altcoins to watch in the coming days.
Among the notable altcoins, Stellar (XLM) emerged as a bright candidate, attracting the attention of investors thanks to positive signals from the market.
Although not the best performing cryptocurrency, XLM ’s recent price movements show investor confidence as it capitalizes on the overall market momentum. Stellar ’s consistent performance further confirms its growing position in the cryptocurrency space.
This week, Stellar validators will vote on upgrading the Primary Network to Protocol 22 after successful testing on the testnet.
Typically, such upgrades bring volatility, but this time, it could create positive momentum for XLM. The successful implementation of this upgrade will strengthen market confidence and potentially trigger a bullish momentum for XLM.
Currently, XLM is holding above the important support level of $0.41, indicating a potential continuation of the uptrend. This price level has Vai as a solid “shield”, preventing a significant decline. However, if XLM falls below $0.41, the bullish outlook will be negated, and the altcoin could drop to $0.25.
Catslap (SLAP), an ERC-20 meme coin inspired by the social media sensation $POPCAT, has seen an impressive 10x growth since its launch. Currently, Catslap boasts a growing community of 10,000 Watcher and an ecosystem designed to foster engagement and adoption.
The project has teased exciting upcoming developments, including a “Slap-to-Earn” feature that allows users to earn rewards and plans to list on a centralized exchange. Both are expected to be announced within the next four days, creating great excitement and anticipation for the Token ’s potential.
In terms of tokenomics, Catslap has a total supply of 9 billion Token, with 50% in circulation. The project's fully diluted market Capital is $30 million, indicating strong interest from investors.
Like many other meme coins, Catslap has gone through a typical market cycle, with an initial price increase followed by a sharp correction. After stabilizing at $0.0021, the Token is showing signs of recovery and potential for further growth.
With major announcements coming soon, this meme coin could see a new wave of price appreciation for early holders. To participate in buying and Stake $SLAP, visit catslaptoken.com .
PEPE Unchained (PEPU) has been gaining traction in the crypto community, especially since Tesla and SpaceX CEO Elon Musk has frequently mentioned “frogs” on social media. Musk’s interest in frog-themed coins is not new; he mentioned similar projects earlier this year, fueling speculation about PEPE Unchained’s growth potential due to the thematic connection.
The project has raised $60 million in Capital funding, providing ample funding for development, marketing, and future initiatives. PEPE Unchained is a Layer 2 ecosystem designed to provide high usability and scalability.
Currently, the project is in the presale phase, expected to end in 7 days, with a price of 0.01295 USD per Token .
After the presale, the project is expected to be listed on major exchanges, possibly even popular platforms like Coinbase or Binance, thereby increasing the attractiveness of PEPU.
The PEPE Unchained ecosystem includes a decentralized exchange (DEX), a cross-chain bridge, a block explorer, a Staking program with attractive rewards, and a developer funding fund – all signs of a comprehensive Layer 2 blockchain project.
PEPE Unchained's cross-chain bridge allows users to exchange Token in a decentralized and secure manner. The cross-chain bridge connects PEPE Unchained to other blockchains, expanding the interoperability and use case of PEPU.
One highlight of PEPE Unchained is its Staking program with an annual percentage yield (APY) of up to 58%. While joining Staking late may not yield optimal returns, it is a welcome sign, showing the project's commitment to rewarding the community and controlling the supply.
PEPE Unchained’s strong social media presence is also an indicator of the project’s momentum. With 66.5k Watcher on X , community engagement is steadily increasing, attracting likes, Chia , and attention from crypto enthusiasts.
Yield Guild Game (YGG) is facing a significant challenge as its price remains below the $0.70 resistance level. The altcoin is struggling to overcome this important barrier, and to move towards $0.80, YGG needs a strong push.
The $0.70 price level is Vai , preventing YGG from making further advances. If this resistance level is broken, the door will open for a strong rally, taking YGG towards higher targets.
The upcoming “The Purging Event” could be a catalyst for YGG’s rally. If the event generates a sustained positive reaction from the market, it could provide the necessary impetus for YGG to break through resistance. Such events tend to lead to bullish sentiment, which influences price direction.
If YGG successfully turns the $0.70 resistance into new support, the path for continued price growth will be open . However, any decline below the $0.57 support level will likely negate the bullish thesis .
The price of Banana Gun (BANANA), a prominent altcoin in the Telegram bot space, has dropped by 9% in the past 24 hours, bringing the value of the cryptocurrency down to $60. This decline reflects the general market sentiment, however, the price of BANANA remains above important support levels.
Banana Gun is currently preparing for its monthly Token Lockup unlock event, with 250,000 BANANA about to enter circulation, equivalent to a value of $15 million. This sudden increase in supply could create strong market volatility.
However, with positive signals from the market, this event can also boost the price of BANANA. The final result will depend largely on investor sentiment.
If the market turns negative, BANANA could drop to the next support level at $55. Losing this support level could signal deeper declines and could even negate the current bullish outlook.
Disclaimer: This is an advertisement, not investment advice. Investing in crypto is extremely risky, you can lose all your investment. You need to learn carefully before acting, we are not responsible for your investment decisions.
