Top Cryptocurrencies to Buy Now December 23 – Ethena, Polkadot, The Graph

General

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XRP
and
HBAR
have
led
the
market
rally
following
the
2024
U.S.
elections.
XRP
has
surged
by
328%,
while
HBAR
has
seen
an
impressive
457%
increase
during
this
period.
Notably,
President-elect
Donald
Trump
is
reported
to
have
exposure
to
both
XRP
and
HBAR,
drawing
further
attention
to
these
assets.  


Other
notable
altcoins,
such
as
Cardano,
Chainlink,
and
Dogecoin,
have
also
experienced
gains
since
the
election.
Tokens
like
Polkadot
and
Ethena
have
also
posted
significant
growth.
This
shift
indicates
that
many
investors
are
reallocating
profits
from
Bitcoin
into
altcoins,
which
have
gained
traction
due
to
their
vibrant
ecosystems,
strong
communities,
and
active
development
teams.
As
the
market
continues
to
evolve,
these
trends
have
sparked
increased
interest
in
finding
the

top
cryptocurrencies
to
buy
now. 


Best
Cryptocurrencies
to
Invest
in
Right
Now


Ethena
Labs
has
partnered
with
World
Liberty
Financial
(WLFI)
to
improve
stablecoin
liquidity
and
enhance
user
rewards
on
WLFI’s
platforms.
Additionally,
The
Graph
has
joined
the
Hypersonic
Builders
Alliance
(HBA)
to
support
Soneium
developers
with
advanced
blockchain
data
solutions.
Meanwhile,


Bitcoin

reached
a
new
all-time
high
of
over
$108,000
on
December
17,
signaling
continued
strength
in
the
broader
cryptocurrency
market.


1.
Polkadot
(DOT)


Polkadot
is
an
open-source,
sharded
multichain
protocol
designed
to
connect
and
secure
a
network
of
specialized
blockchains.
It
enables
the
transferring
of
various
data
and
assets
across
chains,
including
tokens,
fostering
blockchain
interoperability.
Polkadot
aims
to
serve
as
the
foundation
for
a
decentralized
internet
of
blockchains.

DOT Price Chart


The
platform
supports
the
development
of
decentralized
applications,
institutions,
and
services,
providing
a
user-controlled
framework.
Currently,
Polkadot’s
price
is
$6.99,
reflecting
a
1.92%
decline
over
the
past
24
hours.
Despite
this,
it
is
trading
13.35%
above
its
200-day
simple
moving
average
(SMA)
of
$6.17,
indicating
a
stable
upward
trend
over
the
long
term. 


Meanwhile,
Polkadot
also
demonstrates
high
liquidity
relative
to
its
market
capitalization,
a
positive
indicator
for
traders
and
investors.
The
Relative
Strength
Index
(RSI)
over
the
last
14
days
stands
at
36.69,
suggesting
a
neutral
stance
and
the
likelihood
of
sideways
trading
in
the
short
term.


Projections
for
the
year’s
end
estimate
Polkadot
trading
within
a
range
of
$6.99
to
$9.23,
with
an
average
December
price
of
$8.31.
This
would
represent
a
19%
increase
compared
to
its
current
price,
offering
potential
gains
for
investors. 


2.
Ethena
(ENA)


Ethena
Labs
has
recently
partnered
with
World
Liberty
Financial
(WLFI),
a
decentralized
finance
initiative
with
backing
from
President-elect
Donald
Trump.
This
collaboration
focuses
on
enhancing
stablecoin
liquidity
while
boosting
user
rewards
on
WLFI’s
platforms.
A
key
element
of
the
partnership
is
a
governance
proposal
to
integrate
Ethena’s
stablecoin,
sUSDe,
as
the
primary
collateral
asset
on
WLFI’s
Aave-backed
protocol.

ENA Price Chart


The
sUSDe
token,
developed
by
Ethena
Labs,
is
a
synthetic
digital
asset
for
decentralized
finance
applications.
If
approved
by
WLFI’s
governance
community,
this
integration
would
enable
users
to
leverage
sUSDe
as
collateral
to
access
other
stablecoins
like
USDC
and
USDT.
The
proposal
is
expected
to
undergo
a
vote
in
the
coming
week,
potentially
unlocking
new
functionalities
and
increasing
user
engagement
on
WLFI’s
platform.


Meanwhile,
Ethena’s
native
token,
ENA,
has
seen
price
fluctuations.
Currently
trading
between
$1.05
and
$1.10,
the
ENA
token
experienced
a
brief
price
drop
before
stabilizing
near
$1.04. 


The
collaboration
is
likely
to
benefit
both
parties.
The
inclusion
of
sUSDe
as
collateral
could
attract
a
broader
user
base
to
WLFI’s
ecosystem,
enhancing
its
liquidity.
Additionally,
it
may
drive
demand
for
Ethena’s
stablecoin,
potentially
improving
market
confidence
and
increasing
ENA’s
value.
This
partnership
signals
a
strategic
step
forward
for
both
platforms
in
the
DeFi
space.


3.
Catslap
(SLAP)



Catslap

(SLAP)
concluded
a
$1
million
token
burn
on
December
20.
This
follows
the
success
of
the
project’s
flagship
“Slap-to-Earn”
game,
which
recently
surpassed
a
significant
milestone
of
over
one
billion
slaps
completed
by
users.
In
addition
to
the
burn,
the
team
is
implementing
automated
buybacks
every
20
minutes,
with
$445,000
worth
of
tokens
already
purchased.

SLAP Tweet


The
Slap-to-Earn
game
is
the
foundation
of
Catslap’s
ecosystem,
gaining
remarkable
traction
with
1.2
billion
cumulative
slaps
recorded.
As
Season
1
approaches
its
January
10
conclusion,
the
stakes
are
rising
for
participants,
with
a
$100,000
prize
pool
awaiting
the
top
10
players.
Beyond
the
leaderboard,
other
participants
will
also
earn
SLAP
tokens
based
on
their
rankings,
ensuring
broader
incentives
for
engagement.


Moreover,
Catslap’s
approach
combines
engaging
gameplay
with
practical
token
utility,
setting
it
apart
from
other
meme-based
projects.
By
blending
entertainment
with
financial
incentives,
the
team
is
fostering
a
strong
and
active
community.
Their
transparent
development
strategy
further
reinforces
trust
and
user
loyalty.


Currently,
the


SLAP

token
is
trading
at
$0.003086,
reflecting
a
0.55%
increase
in
intraday
performance.
The
project’s
growing
popularity
and
innovative
ecosystem
suggest
positioning
itself
as
a
noteworthy
player
in
the
broader
cryptocurrency
market.



Visit
Catslap
Presale


4.
The
Graph
(GRT)


The
Graph
has
joined
the
Hypersonic
Builders
Alliance
(HBA)
to
enhance
blockchain
data
solutions
for
Soneium
developers.
The
HBA
brings
together
leading
infrastructure
providers
to
support
developers
and
drive
innovation
in
web3,
offering
tools
such
as
RPC
Node
Services.
This
collaboration
reflects
The
Graph’s
commitment
to
advancing
decentralized
technology
and
supporting
the
next
phase
of
web3
development.

GRT Price Chart


Meanwhile,
The
Graph
is
an
indexing
protocol
that
queries
data
from
networks
like
Ethereum
and
IPFS.
It
plays
a
crucial
role
in
powering
numerous
decentralized
finance
(DeFi)
applications
and
other
web3
projects,
making
it
a
foundational
tool
within
the
ecosystem.


From
a
market
perspective,
The
Graph
is
currently
trading
just
above
its
200-day
simple
moving
average
(SMA)
of
$0.209328,
with
a
1.03%
increase.
It
has
demonstrated
stability,
with
17
green
trading
days
in
the
past
month,
signaling
investor
interest.
The
14-day
Relative
Strength
Index
(RSI)
stands
at
34.48,
indicating
neutral
momentum,
suggesting
potential
sideways
trading
in
the
short
term.


Volatility
remains
relatively
low,
with
30-day
volatility
at
13%,
reflecting
a
steady
market
performance.
Price
predictions
estimate
a
modest
0.24%
rise
to
$0.211468
by
January
2025.
The
token
also
benefits
from
high
liquidity
relative
to
its
market
cap,
ensuring
ease
of
trading. 


5.
THORChain
(RUNE)


THORChain
(RUNE)
is
currently
priced
at
$5.07,
recording
a
slight
decline
of
0.31%,
reflecting
a
cautious
market
sentiment.
The
price
prediction
sentiment
for
RUNE
appears
bearish.
At
the
same
time,
the
Fear
&
Greed
Index
indicates
a
score
of
70,
suggesting
an
environment
of
investor
greed. 

RUNE Price Chart


Despite
the
bearish
outlook,
the
token
has
shown
positive
performance
compared
to
its
initial
sale
price
and
recorded
17
green
days
in
the
past
30
days,
which
suggests
some
resilience
in
recent
trading
activity.
Liquidity
levels
are
notable,
with
a
volume-to-market
cap
ratio
of
0.1213,
indicating
ease
of
trading
activity. 


The
Relative
Strength
Index
(RSI)
over
the
last
14
days
is
31.71,
which
is
neutral.
This
suggests
the
token
may
continue
to
trade
without
significant
directional
movement
in
the
short
term.


Additionally,
the
30-day
volatility
is
relatively
low
at
11%,
which
may
appeal
to
investors
seeking
lower-risk
opportunities
in
the
cryptocurrency
market.
THORChain’s
current
market
conditions
suggest
a
period
of
consolidation,
with
potential
for
sideways
trading.


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