🌎 Top 10 Altcoins to Buy in December

Altcoin Season: Top 10 Altcoins to Buy in December 2024

Bitcoin’s dominance has dipped to 55.81%, down from its November 2024 top of 61.53%. This decline has paved the way for the altcoin season, with over 75% of the top 100 altcoins consistently outperforming Bitcoin. In this article, we’ll delve into the top 10 altcoins for beginners to buy in December 2024 to prepare for 2025.

Why Bitcoin Dominance Matters to Altcoin Traders

Bitcoin dominance is a percentage measure of how much of the total crypto market value belongs to BTC. This metric helps identify how capital is distributed between Bitcoin and altcoins. At 55.81%, over half of the total crypto market value belongs to Bitcoin, and the rest of the capital is likely flowing into altcoins.

A decline in Bitcoin dominance during bull markets is a sign of potentially higher returns on altcoins. Bitcoin dominance is used to identify altcoin trading opportunities. The Bitcoin dominance chart shows a likelihood of a nearly 5% decline to the confluence of 100 and 200-day Exponential Moving Averages (EMAs) at 53%.

What Makes an Altcoin Worth Investing In

To make the most of the altseason, beginners should consider the following five points when buying an altcoin:

Fundamental use case and utility: The purpose of the real-world use case of an altcoin is crucial. Questions to consider are: what is the real-world use case? How do blockchain technology and the token simplify an existing problem? What is the unique value proposition of the altcoin?
Market capitalization and liquidity: An altcoin’s market capitalization is a measure of the size and relevance of the project among traders. Large market cap projects are typically considered safer, while mid to small-market cap projects have a relatively higher potential for gains with higher risk.
Development activity and team transparency: Evaluating the team behind the project and keeping track of ongoing developments are key steps in ensuring the token has a committed team.
Community support and adoption: Altcoins with community support have a relatively higher number of supporters on forums like Reddit, X, or Telegram. Tracking project partnerships and integrations is another way to identify the token’s relevance and adoption among market participants.
Risk management: Volatility and regulatory landscape: Altcoins are inherently considered riskier than Bitcoin, so beginners should assess the volatility through historical price movements, listing on exchange platforms with clear listing criteria, regulations, and existing lawsuits in the U.S. and other economies.

Top 10 Altcoins to Buy in December 2024 to Prepare for 2025

Here are the top 10 altcoins to buy in December 2024:

Solana (SOL)
Ethereum (ETH)
Aptos (APT)
Toncoin (TON)
Kaspa (KAS)
Injective (INJ)
Render (RNDR)
Brett (BRETT)
Gigachad (GIGA)
Arweave (AR)

For each of these altcoins, we’ve identified the ideal buy zones, resistance levels, and targets for the cycle.

Strategic Considerations and Risk

The total crypto market capitalization is a key metric used to determine what to expect from a portfolio that consists of the above 10 altcoins. Based on projections, the total market capitalization of crypto excluding Bitcoin could surge to $4.47 trillion.

An increase to the projected levels implies a likelihood of 2X gains in the portfolio with the top 10 altcoins listed above. Factors like duration of the altseason, Bitcoin’s performance, institutional investor interest, and inflow of capital could influence the market cap.

Traders can expect between 2X and 3X gains this cycle, at the entry points marked in the weekly charts above.