DONT MISS THIS ALTCOINS !!! SEVEN OF THE BEST NEW CRYPTO TO BUY IN THE MONTH OF DECEMBER BEFORE 2022

today we’ll be looking at Seven of the best cryptocurrencies to buy in the month of December.

Over the last month, the cryptocurrency asset class has fluctuated wildly, with multiple major tokens such as Bitcoin (BTC) and Ethereum (ETH) reaching all-time highs before falling into bear markets. Several factors contributed to the downturn, including the emergence of the omicron variant and the Federal Reserve’s open willingness to raise interest rates earlier than previously thought in order to combat inflation. Digital assets continue to be one of the riskiest areas to invest in as well as one of the most promising growth opportunities as we approach 2022. Here are seven of the best cryptocurrencies to buy in the final month of 2021, as well as the reasons why each coin might be a good investment.

Bitcoin (BTC)

Bitcoin is a must-have asset for any investor looking to get their feet wet in the cryptocurrency market. Even after the recent drop, BTC still accounts for roughly 40% of total market capitalization, a metric known as a coin’s “dominance.” November was a busy month for the digital asset, which reached an all-time high just shy of $69,000 before falling into bear market territory late in the month due to the emergence of the omicron variant. El Salvador, the world’s first country to declare Bitcoin a national currency, purchased the most recent drop in BTC, with its president announcing on December 4 that the country had purchased 150 coins at an average price of $48,670. Playing short-term trends in cryptocurrency, like in the stock market, is more akin to gambling than investing. However, for long-term investors, Bitcoin is still on the rise, and if history is any guide, severe pullbacks should be viewed as buying opportunities.

 

Ethereum (ETH)

Ethereum is still one of the best cryptocurrencies to buy right now. With a dominance of more than 21%, not only do BTC and ETH account for more than 60% of the market, but Ethereum actually became more dominant between the two during the volatile 30 days from Nov. 5 to Dec. 5. Unlike Bitcoin, whose market share fell from 42.7 percent to 40.8 percent during that time period, ETH increased its market share from 19.6 percent to 21.6 percent. In contrast to BTC, Ethereum is the most widely used blockchain in the world, as well as the network of choice for the young and burgeoning field of decentralized finance (DeFi), as well as a popular host for nonfungible tokens, or NFTs.

 

Solana (SOL)

2021 has been an eventful year for cryptocurrency in general, but one of the more remarkable storylines of the year was the sudden emergence of Solana, which rose from 0.01 percent of the market to more than 2.6 percent by early December. The DeFi field, defined by smart contracts, a trustless ecosystem, and the unapologetic omission of third-party financial gatekeepers such as banks and centralized exchanges, is almost certain to grow in prominence in the coming years. Anyone betting on DeFi’s continued growth would be wise to invest in Solana, a developer-friendly network with significantly lower transaction fees than Ethereum. Solana is one of the best cryptocurrencies to buy because of its low fees, maturing ecosystem, and promising future in DeFi.

 

Binance Coin (BNB)

Despite being the third-largest token by market capitalization, BNB accounts for only 4.1 percent of the cryptocurrency market, leaving plenty of room for it to gain market share over time. That’s exactly what Binance Coin did in 2021, increasing its market dominance from 0.7 percent at the start of the year to 4.1 percent by early December. BNB, like many of the top cryptocurrencies to invest in, is the native coin for the Binance Smart Chain, an increasingly popular blockchain. Binance is the world’s largest cryptocurrency exchange, surpassing Coinbase Global Inc. (ticker: COIN). BNB debuted in 2017 and has a maximum supply of 200 million coins. The exchange’s ultimate goal is to reduce supply to 100 million BNB, which it accomplishes through quarterly “burns” that reduce supply.

 

Polygon (MATIC)

The Polygon platform, which was partially funded by Binance and Coinbase, was built on Ethereum with the goal of transforming Ethereum into a multi-chain system. The goal is to build a more versatile and scalable cryptocurrency ecosystem that will allow for more rapid mainstream adoption of cryptocurrency. MATIC’s value has risen from less than 2 cents at the start of the year to around $2 in early December, placing it among the top 15 cryptocurrencies by market cap. MATIC was one of the few major tokens to actually advance in the early December sell-off, jumping 21 percent between Nov. 28 and Dec. 5, in the most recent test of Polygon’s stability. Resilience in difficult times is the icing on the cake that cements MATIC as one of the best cryptocurrencies to invest in for December and beyond.

 

Avalanche Token (AVAX)

Avalanche was founded in 2020 by a trio of Cornell University-affiliated computer science researchers and is backed by elite venture capital firm Andreessen Horowitz. The AVAX coin began the year trading for $3.17 and is now worth more than $80 as its network rapidly gained market share. Avalanche has stated openly that it intends to overtake Ethereum as the most popular smart-contract blockchain. What Avalanche lacks in short-term resilience – AVAX underperformed during the most recent market pullback – it more than makes up for in surging popularity. Avalanche is becoming more compatible with prominent Ethereum projects such as SushiSwap, and it is also expanding its relevance through “bridges,” which allow users to transfer cryptocurrencies from one blockchain to another.

 

Kitty Inu (KITTY)

In keeping with the tradition of this list, the month’s final selection is a purely speculative name and by far the riskiest cryptocurrency mentioned. While the other tokens competing for the title of best cryptocurrency to invest in all have real utility, their own blockchains, and established use cases, Kitty Inu is a want tobe meme token. The previous six picks had the smallest market cap, which was around $14 billion, and KITTY’s fully diluted market cap is right around $100 million. While Kitty Inu is far more likely than other picks to lose a large percentage of its value, it is also arguably the most likely to “moon,” with the coin currently costing about one-hundredth of a cent. With dog-themed coins like Dogecoin having had their moment in the spotlight, one might expect feline-themed cryptos to eventually ride the meme wave, and KITTY, in that case, could be a huge beneficiary. Kitty Inu should only be supported by investors who are willing to lose their entire investment.

Now doing a quick listing, the seven contenders for the best crypto to buy in December are:
• Bitcoin (BTC)
• Ethereum (ETH)
• Solana (SOL)
• Binance Coin (BNB)
• Polygon (MATIC)
• Avalanche Token (AVAX)
• Kitty Inu (KITTY)

 

 

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