Best Crypto to Buy Now December 20 – Fantom, Aptos, Flare

The CoinMarketCap Altcoin Season Index, a key indicator for cryptocurrency investors, reflects ongoing altcoin dominance despite a slight decline to 45 as of December 20. For an official “Altcoin Season” to occur, 75% of the top 100 altcoins must outperform Bitcoin. While this threshold has not yet been met, the index suggests that altcoins remain favorable, solidifying their prominence in the final quarter of 2024.  

As the market increasingly favors altcoins over Bitcoin in the final quarter of 2024, this shift could signal a change in investor behavior and preferences, further solidifying the role of altcoins in the crypto ecosystem. As such, investors are looking for the best crypto to buy now.

Best Crypto to Buy Now

Aptos has announced a collaboration with Tomarket, a Telegram mini-app designed to connect Web2 and Web3 technologies. Meanwhile, Flare has rolled out FXRP, a tokenized representation of XRP, on its Songbird test network. Solaxy has attracted significant investor interest, raising over $3.4 million in its ongoing token presale.

1. Aptos (APT)

Aptos has recently partnered with Tomarket, a Telegram mini-app that aims to bridge Web2 and Web3 technologies. This collaboration leverages Aptos’s advanced infrastructure to improve scalability and enhance user experiences. 

Moreover, Aptos offers high-speed and reliable blockchain infrastructure, enabling Tomarket to efficiently manage its expanding user base. By integrating with Aptos, Tomarket leverages its technology to deliver smooth blockchain interactions, ultimately benefiting millions of users. This partnership enhances Tomarket’s functionality and introduces new users to the broader Aptos ecosystem.

From a market perspective, Aptos is priced at $10.29, reflecting a 17.38% decrease over the past 24 hours. Despite this decline, it remains above its 200-day simple moving average (SMA) of $9.79, showcasing a 5.27% margin. The cryptocurrency has experienced 18 green trading days in the last month, indicating a relatively stable performance.

The token’s 14-day RSI is at 48.60, signaling a neutral trend with potential for sideways trading. With high liquidity relative to its market capitalization, APT remains well-positioned for future growth. Predictions suggest a possible 225.89% price increase, reaching $38.25 by January 2025, further supporting its long-term potential.

2. Internet Computer (ICP)

The current price of Internet Computer (ICP) is $9.29, reflecting a significant 17.81% decline over the past 24 hours. Despite this, the cryptocurrency has shown modest growth of 0.30% in the last 30 days. Market sentiment remains bearish, with the Fear & Greed Index at 74, indicating market participants are operating in a state of greed.

ICP has a market cap of $4.43 billion, supported by a 24-hour trading volume of $342.63 million, representing a volume-to-market-cap ratio of 7.71%. Its fully diluted valuation (FDV) is $4.89 billion, reflecting potential market confidence. The asset has experienced 18 green days in the last month, which is notable compared to its token sale price.

Additionally, ICP displays strong liquidity relative to its market cap. The Relative Strength Index (RSI) for the past 14 days is at 38.72, which places the token in a neutral zone. This suggests a possible continuation of sideways trading, with no strong momentum toward either gains or losses in the immediate future.

Furthermore, ICP’s price is forecasted to increase by approximately 225.19%, potentially reaching $34.38 by January 2025. This projection may attract attention from investors seeking long-term opportunities. 

3. Solaxy (SOLX)

Solaxy (SOLX), positioned as Solana’s first Layer-2 protocol, has gained attention by addressing the challenges of congestion and transaction failures on the Solana blockchain. Solaxy has raised over $3.4 million in its ongoing token presale, reflecting investor confidence in its potential to enhance scalability for one of the industry’s leading blockchains.  

The protocol aims to improve Solana’s performance by mitigating limitations that hinder its full scalability. This initiative has attracted interest from investors seeking solutions to these persistent issues. 

Additionally, Solaxy has partnered with Best Wallet, enabling users to securely purchase and stake SOLX tokens through the platform. Notably, tokens acquired via Best Wallet appear in user accounts before the official claim date, enhancing convenience for stakeholders.  

Staking SOLX offers an attractive annual yield of up to 1,523%. However, the yield adjusts dynamically as more tokens are added to the staking pool. At present, 1 billion SOLX tokens have been staked. This approach incentivizes early participation while balancing rewards as adoption grows.  

The SOLX token is priced at $0.001572, with the next price increase scheduled within the next 29 hours. For investors, this presents a limited-time opportunity to engage at a favorable entry point.  

Visit Solaxy Presale

4. Fantom (FTM)

Fantom uses a directed acyclic graph (DAG) structure to support decentralized finance (DeFi) services. It aims to address challenges faced by earlier blockchain networks by balancing scalability, security, and decentralization. Fantom provides tools to streamline DApp integration, offers built-in DeFi features, and implements a comprehensive staking rewards system.

Currently, Fantom is trading at $0.8644, reflecting a 25% intraday decline. Despite this drop, the token remains above its 200-day simple moving average (SMA) of $0.7417 by 17.79%, indicating longer-term positive momentum. Over the past month, FTM has gained 25.61%, showcasing its resilience in the market. 

The price is near a key resistance zone. If it breaks above $1.39, it could trigger further upward movement toward the next resistance level of $1.67, representing a potential 20% gain. However, this is contingent on sustained bullish momentum.

The Relative Strength Index (RSI) of 63.97 signals strengthening positive sentiment while remaining below the overbought threshold, suggesting room for further price appreciation. Fantom has also delivered 17 green days in the last 30 days, or 57%, highlighting its consistent performance. 

With strong liquidity and a market cap that supports its DeFi use cases, Fantom remains a viable option for developers and investors seeking scalability and innovation in the blockchain space.

5. Flare (FLR)

Flare has introduced FXRP, a tokenized version of XRP, on its Songbird test network following the conclusion of an open beta phase involving 48,000 users. The platform recorded over 263,000 mints and 395,000 redemptions during testing, showcasing its capability to support large-scale transactions. 

The FXRP integration includes a “handshake” verification mechanism, enabling authorized agents to validate wallet addresses used in minting and redemption activities. This approach aims to connect non-smart contract cryptocurrencies, such as XRP and Bitcoin, with decentralized finance (DeFi) platforms, thus expanding their use cases. 

Your $XRP can now sing a new tune 🐦

FAssets are LIVE on Songbird, @FlareNetworks‘ canary network, with the mainnet launch coming soon.

Mint FAssets, explore DeFi, and be rewarded!

Find out how to get started: https://t.co/DQyk4zPFWo pic.twitter.com/rPQa5eZ7bg

— Flare ☀️ (@FlareNetworks) December 18, 2024

Currently, Flare’s price stands at $0.02511, reflecting a 10% decrease over the past 24 hours. However, the token has risen by 26.55% in the last month. The 24-hour trading volume is $29.94 million, accounting for 19.19% of its market cap. 

Furthermore, the sentiment for Flare’s price movement remains neutral, supported by a 14-day Relative Strength Index (RSI) of 50.48, suggesting potential sideways trading. Meanwhile, Flare is projected to end the year within a trading range of $0.026159 to $0.038837, with an average December price of $0.03363.

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