Top 3 Altcoins to Consider Buying Ahead of Potential FOMO Surge

On Dec 19, 2023

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As we approach the end of 2023, certain cryptocurrencies are displaying optimistic trends, with some offering attractive investment prospects. Making smart investment decisions can be the foundation for accessing unparalleled opportunities in the crypto realm.

As we enter the upcoming year, the crypto industry promises ongoing excitement and opportunities for those prepared to navigate its complexities. Investors should keep an eye on emerging projects, market analyses, and expert insights to strategically position themselves in the volatile crypto space.

In this article, we’ll explore three altcoins to consider buying ahead of a potential FOMO surge and discuss the reasons they earn a spot in your investment portfolio.

yearn.finance (YFI)

Yearn Finance distinguishes itself as an outstanding platform that provides a diverse range of services, including yield farming, lending, and staking, tailored to meet the varied needs of individuals in the cryptocurrency realm. Central to Yearn Finance is its native token, $YFI, which empowers the platform and enhances liquidity for users.

$YFI tokens can be easily acquired or traded on various exchanges, ensuring smooth transactions. What sets Yearn Finance apart from its counterparts is its steadfast commitment to delivering significant value to users.

The platform’s team has devised a remarkable system that automatically invests users’ funds in the most lucrative protocols, resulting in substantial returns. This successful approach has propelled Yearn Finance to the forefront of the industry.

As of today, December 19th, the yearn.finance price stands at $8,178.79, boasting a 24-hour trading volume of $91.20 million and a market cap of $275.83 million. The $YFI price has witnessed a 1.59% increase in the last 24 hours.

The 50-day simple moving average (SMA) for yearn.finance is $6,857.04, and the short-term 50-Day SMA is projected to reach $8,342.83. Support levels for yearn.finance are identified at $7,833.46, with the strongest support at $7,217.79, while resistance levels are observed at $8,449.13 and $9,064.80.

Hedera (HBAR)

Hedera Hashgraph distinguishes itself from traditional blockchain platforms by utilizing the innovative distributed ledger technology known as Hashgraph. This technology enables notable improvements in speed, cost, and scalability compared to many blockchain alternatives.

Hedera transactions boast an average fee of $0.0001 USD and achieve finality in under five seconds, with a remarkable capacity of handling over 10,000 transactions per second.

The platform offers essential network services, including a token service for easy token configuration, a consensus service ensuring a secure event log, smart contract tools for decentralized application (dApp) development, and decentralized file storage services with advanced features such as proof-of-deletion and controlled mutability.

Hedera has been solidifying its partnerships, particularly with Archax, to streamline staking and the tokenization of real-world assets (RWA). This strategic move is poised to strengthen Hedera’s market position.

We’re excited to announce that @ArchaxEx, @TheFCA regulated institutional-grade digital asset exchange, has announced #HBAR staking for its clients as well as a further integration of its services into the @Hedera Token Service (HTS) for Real-World Asset (#RWA) tokenization 🏦 pic.twitter.com/Gu13JPNos4
— HBAR Foundation (@HBAR_foundation) December 12, 2023

The expansion of Hedera’s partnerships, coupled with its emphasis on staking and tokenization, has had a positive impact on the price of Hedera , indicating a bullish trend in the market. This upward momentum reflects increasing confidence in Hedera’s strategic initiatives.

At the time of writing, Hedera Hashgraph’s price stands at $0.080, with a 24-hour trading volume of $106.14 million, securing the #30 position in the market cap rankings at $2.62 billion. $HBAR’s price has seen an increase of over 8% in the last seven days.

Bullish sentiments prevail in $HBAR price predictions, suggesting the potential for the rally to persist for several more months, fueled by extended partnerships and market strategies that may contribute to further price gains.

For a more in-depth insight into the top three crypto to buy now, check out the video above and consider subscribing to his YouTube channel for additional crypto-related content. Jacob Crypto Bury also oversees a Discord community boasting 17,000 members, providing valuable trading tips and insights into upcoming crypto presales.

Sei (SEI)

Sei project is a dedicated layer 1 blockchain tailored for trading purposes, offering unparalleled speed and efficiency with a remarkable time to finality of 390ms. Positioned as the industry’s response to the demand for enhanced efficiency and scalability, Sei has garnered attention for its groundbreaking capabilities.

Recently, Circle Ventures invested in $SEI, recognizing its potential to unlock new applications for Circle’s USDC within the ecosystem. This strategic investment includes valuable go-to-market advice to optimize Circle’s stablecoin infrastructure.

The collaboration focuses on crafting the next phase of the internet through a unique partnership approach. Sei Labs has also announced that Sei v2 will support the Ethereum Virtual Machine, expanding its capabilities and potential use cases.

Notably, Sei has demonstrated impressive growth, surging over 33% in the past 24 hours and currently trading at $0.36. This outstanding performance has positioned Sei as the 77th cryptocurrency, boasting a market cap of $840 million.

The Relative Strength Index (RSI) reading currently stands at 62, indicating a neutral position in the $SEI market. With increasing trading volume, social engagement, and strong bullish momentum, Sei continues to attract attention for its exceptional performance.

Conclusion

The crypto market presents numerous opportunities for profit through the strategic selection of promising crypto to include in your investment portfolio. In addition to well-established cryptocurrencies, participating in crypto presales can yield a higher return on investment.

It allows investors to access tokens at an early stage, often at a discounted rate before they hit the broader market. This can be advantageous, as successful projects may experience substantial price appreciation once they gain wider recognition.

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