Best Cryptocurrencies to Invest in Right Now December 14 – BNB, Bittensor, Theta Network

Today, Bitcoin’s dominance has fallen below 60%, signaling a notable market shift in favor of altcoins. The Altcoin Season Index, currently at 65, highlights this trend, indicating that altcoins are outperforming Bitcoin. However, the surge is not as pronounced as in previous altcoin seasons.

Historical data shows that Bitcoin often regains market dominance following strong altcoin rallies. While Bitcoin remains resilient, the strength of altcoins reflects changes in investor sentiment and market dynamics. With altcoins leading the market, interest has turned to identifying which projects are most promising. In this article we analyze: Best cryptocurrency to invest in right nowExamining potential in an evolving market environment.

The best cryptocurrency to invest in right now

The current value of BNB is $714.87, with a 24-hour trading volume of $2.48 billion and a market capitalization of $105.42 billion. Meanwhile, VeChain (VET) announced the VeChain Renaissance upgrade, which aims to better adjust rewards based on network impact. At the same time, PEPU has gained notable traction, emerging as the top trending coin on CoinMarketCap as of December 13th.

1. BNB

BNB’s current price is $714.87, 24-hour trading volume is $2.48 billion, and market capitalization is $105.42 billion, giving it a market dominance of 2.89%. Over the past 24 hours, BNB has seen a slight decline of 0.46%, but the overall outlook remains positive.

Price prediction sentiment for BNB is currently bullish, supported by the Fear and Greed indices, which indicate “extreme greed” at 83. Additionally, BNB is trading 23.16% above its 200-day simple moving average (SMA) of $581.61, suggesting strong long-term upward momentum.

Looking at recent performance, BNB has recorded 16 green days over the past 30 days, reflecting continued price stability and growth. However, with a 14-day Relative Strength Index (RSI) of 61.80, the asset appears to be in neutral territory, indicating that the price is likely to move sideways in the near term.

The price of BNB is also trading close to cycle highs, reflecting rising investor confidence. Positive performance relative to the initial token sale price further adds credibility to the long-term value proposition.

2. VeChain (VET)

VeChain (VET) has unveiled VeChain Renaissance, an upcoming upgrade focused on adjusting rewards based on network impact with four key changes. This initiative aims to leverage contributions from users and developers to foster sustainable network growth while strengthening stakeholder engagement.

The main highlight is VeChain’s successful two-token system, where VET acts as a utility token and VTHO acts as a gas token. By separating these functions, VeChain was able to deliver scalable commercial applications while solving problems such as unpredictable transaction fees.

https://t.co/XooYllLKxC

— VeChain (@vechainofficial) December 12, 2024

As of this writing, VET is trading at $0.05681, reflecting a 4.73% decline. Despite this decline, VeChain remains 77.60% above its 200-day simple moving average (SMA) of $0.032033, suggesting an upward trend. Additionally, the 14-day Relative Strength Index (RSI) is 61.04, indicating a neutral state with potential lateral movement.

Over the past 30 days, VET recorded 19 positive trading days, reflecting steady market activity. The 24-hour market capitalization to trading volume ratio is 0.0544, indicating moderate liquidity relative to market capitalization. Additionally, VeChain is expected to trade between $0.054942 and $0.061232 by the end of the year. If the average price reaches $0.058071, this would mean a small 6.35% profit from current levels.

3. Bit Tensor (TAO)

Bittensor is currently trading at $568.32, with a 24-hour trading volume of $304.14 million and a market capitalization of $4.19 billion. As a result, market power amounts to approximately 0.12%. Over the past 24 hours, the price has experienced a slight decline of 1.97%, reflecting the volatility inherent in the cryptocurrency market.

Bittensor’s price forecast sentiment remains bearish, suggesting a cautious outlook among investors. However, the Fear and Greed Index reads 83 (extreme greed), indicating increased investor interest and optimism about the broader market.

From a technical perspective, Bittensor is trading well above its 200-day simple moving average (SMA) of $122.07, which represents a significant 364.62% increase. This shows strong upward momentum over the long term. Additionally, Bittensor has recorded 18 green days in the last 30 days, which corresponds to a positive trading trend of 60%.

The 14-day Relative Strength Index (RSI) stands at 56.85, placing the token in the neutral range. This means that Bittensor is neither overbought nor oversold and could continue trading sideways soon.

Additionally, the asset’s high liquidity relative to its market capitalization improves its ability to accommodate large transactions without significant price fluctuations. Bittensor’s strong technical indicators and liquidity levels make TAO worth monitoring, but near-term price movements remain uncertain.

4. Baby Unchained (PEPU)

Pepe Unchained It has had impressive early performance, reaching a market capitalization of $200 million and delivering more than 3x returns to pre-sale investors. Early investors secured tokens for just $0.008 during the early stages of the pre-sale.

PEPE UNCHAINED L2 has been released!

Yesterday’s launch went off without a hitch.

Our L2 network has handled massive volumes with ease and is now ready for the masses!

Check out Pepuscan, the official block explorer, and witness this greatness for yourself… pic.twitter.com/0EJ7itirOz

— Pepe Unchained (@pepe_unchained) December 11, 2024

As of press time, PEPU is trading at $0.03218 and has gained significant momentum, making it the most popular coin on CoinMarketCap as of December 13th. Despite not yet being listed on a centralized exchange (CEX), the project has attracted widespread attention and investor attention.

Pepe Unchained It has already entered the top 25 meme coins by market capitalization. If its current growth trajectory continues, it could reach a market capitalization of $1 billion, establishing it as a strong contender in the meme coin sector.

The project raised an impressive $74 million during pre-sale, setting an industry milestone before its official launch on December 10th. The token’s rapid performance on platforms such as DexTools and Uniswap highlights strong demand. With the upcoming CEX listing anticipated, trading activity and visibility is expected to increase, potentially pushing PEPU further up the market rankings.

Visit the Pepe Unchained website

5. Theta Network (THETA)

The current price of the Theta token is $2.64, with a 24-hour trading volume of $218.8 million and a market capitalization of $2.3 billion, reflecting a market dominance of 0.06%. In the last 24 hours THETA is down 3.08%, but its performance over the past year still remains strong.

The token has grown 145% in the past year, outperforming both Bitcoin and Ethereum and outperforming 68% of the top 100 cryptocurrency assets. Theta is currently trading 59.14% above its 200-day simple moving average (SMA) of $1.66, highlighting its continued upward trend.

Theta Edge Node v.5.1.4 has been released! Nodes are automatically upgraded to add real-time notifications about Edge Compute reward payouts, Elite Booster rewards, and release notes for future version updates. Not running an edge node yet? Start earning now at https://t.co/Dgn0dzE1g4! pic.twitter.com/y1FzPuNU4a

— Theta Network (@Theta_Network) December 12, 2024

Additionally, the token has recorded 20 green days in the past 30 days, accounting for 67% of the period, reflecting consistent positive performance. Despite recent fluctuations, liquidity relative to market capitalization remains high, making it an attractive option for investors.

The 14-day RSI remains at 45.65, suggesting neutral momentum and a possible sideways price move in the near term. Going forward, Theta tokens are expected to trade between $2.73 and $2.94 by the end of the year. This forecast suggests a potential upside of 7.88% from the current price, with an average expected price of $2.85.

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