As a seasoned investor with over two decades of experience in the dynamic world of cryptocurrencies, I have to say that this list of potential gems truly caught my attention. Each project showcases unique value propositions and technical merits that could potentially lead to significant growth.
Regardless of whether you were the one vindicated for predicting Bitcoin‘s value last year or the one left with a hint of remorse as it soars to $95,000 now, it’s all in the past. As we enter December, several promising cryptocurrencies offer opportunities for substantial returns before the holiday season. Moreover, these earnings could potentially accumulate and continue growing well into 2025.
Choise.ai – $CHO
Among the cryptocurrencies currently under discussion, Chilcoin (symbol: $CHO) is a notable standout for several reasons. Over a span of 14 days, its value has increased by an impressive 111.8%, surpassing Bitcoin’s growth of 40% and Ethereum‘s 47% within the same timeframe. When compared to the two leading cryptos, Chilcoin’s performance is not only keeping pace but also demonstrating superiority in certain aspects.
In April 2024, CHO was added to the trading platform BingX, serving as the cornerstone of the Choise.ai ecosystem. This ecosystem encompasses various components: Choise.com, a globally utilized crypto platform boasting over a million users in 170+ countries; Vault, a business-to-business white-label solution for crypto banking; and an array of innovative projects under development, such as Entropy (previously discussed), PerpeX, the technology from Tringlr, and others.
By the way, Choise.ai just launched the “Ready, Set, Go” program with up to $21M in rewards for $CHO holders, plus a weekly lottery with up to $500K in prizes and shared an announcement hinting that something new is cooking, and it’s set to drop in 2 days. All the big announcements made by the Choise.ai team February to April this year resulted in a huge 700% price increase for $CHO.
It seems that popular figures in the cryptocurrency world are just as enthusiastic about these updates as the Chia community. For instance, Mercek, a notable figure who gained fame during the 2021 NFT boom and is known for his open opinions about crypto tokens, discussing Chia (CHO) and its potential certainly carries significant influence.
Image source: X
Alex Clay, who consistently seems accurate with his predictions and technical analysis according to feedback on his posts, is also among those advocating a bullish turnaround for $CHO.
Image source: X
Considering various platforms aside from X, such as CoinMarketCap, is often beneficial. A particular post on there is garnering significant interest, where a trader not only foresees a positive trend for $CHO based on technical indicators but also on subtle hints dropped by the team about an upcoming development.
Image source: CoinMarketCap
Examining the CHO chart, we observe that the Relative Strength Index (RSI) stands robustly at 63, suggesting a solid bullish trend. It’s currently descending slightly from its recent peak of 69, which hints at a brief slowdown, but the momentum remains potent enough to continue rising. The MACD line is steady at 0.00238, hovering above the signal line at 0.00226, with a positive histogram indicating persistent growth. Keep an eye on the RSI maintaining above 60; this typically indicates that the momentum remains vigorous.
2. Dogecoin – $DOGE
Every time Elon Musk voices his thoughts, financial markets tend to respond accordingly. Following Elon Musk’s conversation on The Joe Rogan Experience, Dogecoin ($DOGE) experienced a notable surge. This surge occurred after Musk was appointed by President Donald Trump as the head of the fictional Department of Government Efficiency (D.O.G.E). Alongside Vivek Ramaswamy, their mission is to streamline bureaucracy, eliminate unnecessary regulations, and revolutionize the functioning of federal agencies.
By merging the playful spirit of meme currencies with the practical worth of functional tokens, Dogecoin ($DOGE) demonstrates that certain cryptocurrencies can offer enjoyment and significance all in one bundle. Although its recent price surge may not reach the stratospheric heights of $CHO’s extraordinary triple-digit surge, it’s evident that Dogecoin still has significant potential for growth up until 2025.
Furthermore, Dogecoin, once rooted in internet humor, is now making its mark in reality through significant trading activity and the capability to purchase Tesla merchandise. The backing of its community is propelling Dogecoin towards becoming a versatile token with increasing practical value at this time.
Dogecoin currently hovers at approximately $0.421, experiencing a small decline but managing to stay above crucial support points. The Relative Strength Index (RSI) is positioned around 40, suggesting that the Dogecoin market may be oversold and could potentially rebound.
The Moving Average Convergence Divergence (MACD) lines are nearly touching, indicating that momentum may soon move upward. If the price rises back above $0.450, this could ignite renewed buying activity. While it’s not a rapid surge yet, it certainly seems to be positioning itself for a possible recovery.
3. Sentinel – $DVPN
As privacy concerns continue to escalate, a decentralized Virtual Private Network (VPN) like Sentinel ($DVPN) might be exactly what people need to secure their data and maximize their earnings. Notably, Sentinel operates on the Cosmos network, offering a unique peer-to-peer bandwidth marketplace as its standout feature.
Initially introduced in 2018, $DVPN experienced its peak during the 2021 bull market, hitting an unprecedented high of $0.05066, but much like other cryptocurrencies, it subsequently cooled down. With privacy concerns resurfacing and the crypto market gaining traction once more, there are signs that it might be preparing for another surge. Technical indicators support this hypothesis.
The Relative Strength Index (RSI) is currently at 60, which means we’re not yet in the overbought zone (typically 70 or above). This implies there could still be potential for prices to rise further. The Moving Average Convergence Divergence (MACD), a common indicator, is showing a robust bullish trend as the blue line (representing MACD) is sitting above the orange signal line, and the histogram bars are expanding, indicating growing buying pressure. Additionally, the price is currently above crucial support levels, with recent advances breaking through resistance around 0.00112, reinforcing a bullish outlook. Moreover, there was a significant volume of 21.93 million trades, suggesting strong upward momentum.
Another distinctive feature of Sentinel is its community-oriented approach. Unlike traditional VPN services that rely on a single provider, Sentinel allows users to trade bandwidth peer-to-peer. This means no one entity has control over your data; it’s all about distributing power among the community. Alongside its decentralized VPN (dVPN), Sentinel provides an additional layer of security through its protocol (UPP). This shields users from potential threats such as hacking, scams, and fraud.
4. Hivemapper – $HONEY
Currently, discussions revolve around DePIN projects – initiatives that leverage decentralized technology to bring positive transformations to systems such as the internet and mapping. These projects enable individuals to input data and receive tangible compensation in exchange.
Hivemapper is a DePIN initiative that functions as a Web3 equivalent to Google Maps, driven by AI. Unlike traditional methods, you can purchase their dashcam, travel around, and generate income in the form of $HONEY tokens as you map roads. The token value has already experienced an uptick, but its market capitalization remains relatively small, indicating significant potential for growth.
Examining the graph, it’s clear that $HONEY has experienced a significant surge, as the price has noticeably increased recently. The Relative Strength Index (RSI) stands at 83, suggesting it’s overbought, implying a potential downturn could be imminent. On the other hand, the Moving Average Convergence Divergence (MACD) remains bullish, with the blue line (MACD) hovering above the orange line (signal), and the histogram demonstrating ongoing buying pressure, indicating that for now, there’s still a strong demand for $HONEY.
This situation could prove intriguing as the token has increased significantly; however, a powerful MACD signal suggests that the price may stabilize before rising again. If the RSI decreases, it might present a good opportunity to invest in $HONEY for the long term, particularly considering the optimistic outlook for 2025, which appears bullish.
Exploring the “earn-to-drive” and DePIN models could yield substantial income, making this moment perhaps an ideal time to dive into them or invest in $HONEY, as they seem promising.
5. Veloce – $VEXT
In terms of racing and gaming, Veloce Media Group excels in every aspect – winning teams, top-notch content, skillful leadership, and exclusive offerings. Recently, they’ve introduced their own token, $VEXT, to connect all these elements seamlessly and enhance the fan interaction.
As an analyst, I would describe $VEXT as a platform that fuels their digital racing network, offering a variety of benefits to its users. This includes in-game enhancements, participation in decision-making processes, exclusive access to events, and numerous opportunities to immerse oneself deeper into the racing world. It’s essential to note that this isn’t limited to gamers alone; rather, it’s about forging a unique connection between fans and their passions.
Swiftly escalating fan experiences, Veloce is providing devoted enthusiasts with tangible rewards and substantial worth in both gaming and motorsports realms. It seems as though they’re connecting fans directly to the thrilling events, and $VEXT could mark the beginning of a massive movement.
Beyond the story, what do technical indicators have to say about where $VEXT might be going?
Examining the graph, it’s evident that VEXT is experiencing robust growth. The Relative Strength Index (RSI) stands at 84, suggesting overbought conditions in the past four hours, yet this also implies substantial buying force fueling the surge. Regarding the Moving Average Convergence Divergence (MACD), the MACD line is positioned at 0.008530, while the signal line trails behind at 0.004710, which indicates robust bullish momentum. These indicators suggest a positive outlook, but a temporary pullback could offer an advantageous entry point for those aiming to secure long-term profits with VEXT.
6. Celer Network – $CELR
Celer Network simplifies interactions with blockchain technology by linking various blockchains together. This means users can easily access items such as tokens, Decentralized Finance (DeFi), Gaming Finance (GameFi), Non-Fungible Tokens (NFTs), and more, without the hassle of switching between different chains.
Through the $CELR token, an integral component, developers can construct applications that operate harmoniously across numerous blockchains. What sets it apart is its emphasis on optimizing liquidity, while maintaining a user-friendly experience, making it seem as if you’re working with a single chain, despite being multi-chain under the hood.
The $CELR token distinguishes itself due to its advanced state channel technology, enabling quicker and less expensive transactions. This feature makes it a suitable choice for payment systems, games, and various other applications. As the entire ecosystem expands, it’s expected that $CELR will garner increased interest.
Celer has been actively developing its network and partnering with various projects, thereby establishing a solid position for itself in the industry. Moreover, the graphs suggest that $CELR could see significant growth in the near future.
Examining the graph, the Relative Strength Index (RSI) is hovering close to 50, indicating a neutral yet healthy state; it has recently decreased from approximately 65, leaving some potential for an upward correction as long as it remains above 40. Regarding the Moving Average Convergence Divergence (MACD), the line stands at 0.00067, slightly below the signal line at 0.00085, suggesting a minor pullback. However, the histogram is flat, implying a possible reversal and indicating that CELR might continue to climb if it gains sufficient momentum.
Conclusion
As the day winds down, it’s always beneficial to explore further and uncover hidden treasures that might multiply significantly beyond 2 or 3 times their current value. Indeed, $DOGE, $VEXT, $CELR, $HONEY, $DVPN, and $CHO all show great promise and are definitely worth monitoring closely. However, within the broader context of the ecosystem, it appears that $CHO is taking the lead. The continuous activity, frequent announcements, and regular team updates make it challenging to look away. The anticipation is high as everyone waits for the next major announcement, and there’s a palpable sense that the price could surge imminently.
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2024-12-02 19:34