Best Cryptocurrencies to Buy Right Now December 17 – Cronos, Stellar, Brett

The cryptocurrency market is showing a strong upward trend thanks to the recent bullish rally. Bitcoin has reached a new milestone, hitting an all-time high of $107,000 and driving market optimism. As a result, the global cryptocurrency market capitalization increased by 2.96% in the last 24 hours to $3.77 trillion.

Altcoins are also benefiting from this market rally, with Stellar (XLM) emerging as one of the standout performers. It showed strong upward momentum, rising 123.20% over the past month. With market sentiment currently showing strength, this could be a promising time for investors looking to diversify their portfolios. In this article Best Cryptocurrencies to Buy NowWe highlight top-performing cryptocurrencies that demonstrate strong growth potential.

Best Cryptocurrencies to Buy Right Now

Aave DAO has approved a joint incentive campaign to encourage PYUSD adoption and strengthen PYUSD/GHO liquidity on Aave. Meanwhile, Stellahas has gained attention after rising 11.19% in the last 24 hours and is currently trading at $0.4553. Cronos has also introduced a major upgrade to its blockchain, increasing its capacity to process up to 60,000 transactions per second.

1. Kronos (CRO)

Cronos has launched a major upgrade that will strengthen its blockchain network to handle up to 60,000 transactions per second. This leap positions it as one of the fastest decentralized networks available. The goal of this improvement is to improve transaction speeds by up to 600x, allowing Cronos EVM to better support complex applications such as DeFi, web3 gaming, and AI-powered experiences.

Following this upgrade, the value of the token has increased significantly and is currently trading at $0.1916, a surge of 11.48%. Market sentiment surrounding Kronos is bullish, with a Fear and Greed Index of 87, indicating extreme greed. The coin is trading 106.07% above its 200-day simple moving average, indicating strong market confidence.

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Recent trading data shows that Cronos has experienced positive trading days, recording 16 green days over the past 30 days, suggesting a continued upward trend. Liquidity remains high, supporting the market position.

However, the 14-day relative strength index (RSI) is 48.53, suggesting a neutral stance and potentially indicating a sideways trend. This could mean investors may see less volatility in the near term as the market digests the implications of recent gains and technology upgrades.

2. AAVE

Aave DAO has approved a joint incentive campaign to drive PYUSD adoption and improve PYUSD/GHO liquidity on Aave. This is achieved through a newly created Balancer pool on Ethereum. The plan aims to increase PYUSD deposits on the Aave protocol with the goal of achieving a total deposit of 75 million units.

Aave ranks 28th in the cryptocurrency market and has seen notable momentum recently. As of this writing, AAVE is trading at $371.18, up 29.71% over the past 7 days. The token’s market capitalization is $5.57 billion, with a 24-hour trading volume of $1.28 billion.

Additionally, Aave maintains a total value locked (TVL) of $22.29 billion, keeping its market cap to TVL ratio at 0.2501. From a technical perspective, AAVE is up 131.61% and is currently trading well above its 200-day simple moving average (SMA) of $160.37.

Aave DAO recently approved the PYUSD joint incentive campaign.

This initiative encourages PYUSD adoption on Aave and PYUSD/GHO liquidity in the new environment. @Balancer Ethereum pool.

Full details: https://t.co/Dm83c8vStl pic.twitter.com/lmdoUFfQc5

— Abe (@aave) December 11, 2024

The 14-day relative strength index (RSI) is 65.44, indicating a neutral outlook and possible sideways movement. Additionally, Aave has experienced 19 green days in the past 30 days, accounting for 63% of the period. We continue to have high liquidity relative to market capitalization.

Market sentiment remains bullish and Aave’s price forecast outlook is bullish. Meanwhile, the fear and greed index is 87, reflecting the extreme greed of market participants.

3. Stellar (XLM)

Stellar (XLM) has attracted renewed attention as it is currently trading at $0.4553 after rising 11.19% in the last 24 hours. This surge follows a significant technical breakout, suggesting the potential for a continued upward trend.

In a notable development, the Real-World Asset (RWA) Foundation announced at X that Stellar Network has joined the DAO as a founding member. The RWA Foundation aims to set standards and best practices to drive the adoption of asset tokenization. This initiative targets cryptocurrency participants participating in tokenized real-world assets and issuers looking for blockchain-based solutions.

Stellar is key to advancing decentralized finance (DeFi) applications and promoting asset tokenization. Its mission is focused on expanding global access to financial markets, making opportunities more inclusive regardless of location.

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Total addresses reached 9 million, total transaction volume reached $4.9 billion 🎉 pic.twitter.com/J9wSNk8NRP

— Stellar (@StellarOrg) December 13, 2024

Recent Q3 2024 data highlights Stellar’s progress, with tokenized real-world asset supply exceeding $590.4 million and trading volume exceeding $3 billion. Additionally, the network now hosts approximately 9 million addresses, reflecting increased investor activity and asset onboarding.

From a technical perspective, Stellar is trading 140.38% above its 200-day simple moving average (SMA) of $0.190239. It is showing positive momentum with 16 green days in the past 30 days. The 14-day relative strength index (RSI) is 45.96, suggesting a neutral situation and the possibility of sideways trading.

4. Baby Unchained (PEPU)

Pepe Unchained It has been making significant waves this week, with a notable 400% increase over the past few days. The project is positioning itself as a full-fledged blockchain ecosystem, offering features such as a block explorer, developer-friendly Gitbook, grant program, and DeFi staking opportunities.

Pre-sale efforts proved successful, raising more than $73 million ahead of launch. This is the largest fundraiser to date in 2024. The token’s market debut attracted considerable attention. After briefly approaching a market capitalization of $400 million, PEPU has shown resilience and continued upward momentum.

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For a meme coin in its infancy, the progress is notable. One contributing factor is the $4 million liquidity pool that has been locked up for 11 months. This decision signals a commitment to long-term stability and improves investor confidence.

Launched just three days ago, PEPU has quickly risen through the ranks. It is listed as one of the most popular tokens on CoinMarketCap, even surpassing Bitcoin at one point. Additionally, on Dexscreener, PEPU currently ranks third among Ethereum-based tokens, reflecting its high interest and trading activity.

At the time of writing, Target It continues to trade above the listing price of $0.014 and the final pre-sale price of $0.012. This token has recently become popular with strong trading activity on the Bybit Web3 DEX Pro platform.

Visit the Pepe Unchained website

5. BRETT

BRETT is currently trading at $0.1696, reflecting a gain of 4.61% over the last 24 hours and 4.15% over the past week. The token’s market capitalization was $1.68 billion, with a 24-hour trading volume of $76.56 million, a significant increase of 30.42%.

Meanwhile, the fully diluted valuation (FDV) was about $1.69 billion, and the 24-hour market capitalization-to-trading volume ratio was 4.56%, showing steady liquidity. Despite these numbers, market sentiment for BRETT remains bearish, in line with cautious investor behavior.

Nevertheless, the Fear and Greed Index, a key indicator of market sentiment, currently stands at 87, predicting ‘extreme greed’. Brett has recorded 15 green days in the past 30 days, highlighting a mix of short-term volatility and buyer activity.

The 24-hour volume to market capitalization ratio of 0.0841 indicates high liquidity based on the token’s market capitalization, which may enhance short-term trading opportunities. Analysts predict that Brett could trade between $0.16517 and $0.28203 by the end of the year.

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