5 Best Altcoins to Buy Now December 17 – KuCoin Token, Curve Dao Token, GateToken, Bitcoin Cash
GREED
BCH
CRV
KCS
GT
The incoming U.S. President, Donald Trump, has reaffirmed his backing for the blockchain sector. In a video message addressed to the Blockchain Association during their recent Policy Summit gala, Trump emphasized his administration’s dedication to advancing the United States as a leader in blockchain innovation on the global stage.
The Blockchain Association shared the video on X, voicing optimism about the future of blockchain under Trump’s leadership. They highlighted that his presidency could mark the first pro-crypto administration in U.S. history, coinciding with one of the most blockchain-friendly Congresses. In light of this, investors are searching for affordable tokens to capitalize on the current market growth, particularly the best altcoins to buy now.
5 Best Altcoins to Buy Now
KuCoin Token (KCS) has displayed notable activity in the past 24 hours, with its value rising by 2.50%. Flockerz (FLOCK), a meme-based cryptocurrency inspired by a “flock of birds,” continues to generate interest in the market. Curve DAO Token (CRV) has seen a significant price uptick, gaining 5.05% within the same period.
GateToken (GT), the native token of GateChain, has demonstrated remarkable growth over the last year, with its price increasing by 163%. Bitcoin Cash (BCH) is trading at $539.80, reflecting a 2.67% gain in the past day. Meanwhile, Bitcoin has reached a new all-time high, surpassing $107,000.
1. KuCoin Token (KCS)
KuCoin Token (KCS) has shown a rather dynamic performance over the last 24 hours, evidenced by a 2.50% increase in value. Currently trading at $12.39, this token ranks #81 in the vast crypto market, with a market capitalization of $1.48 billion. This figure, however, reflects only a slight uptick of 2.51%, suggesting that its market presence remains relatively stable despite the price movement. The trading volume of KCS has seen a significant surge, up by 68.62% to $1.75 million. This increase in volume might indicate a growing interest or liquidity in the token.
With a total supply of 142.72 million KCS and a maximum supply capped at 200 million, KuCoin Token’s scarcity could increase its value if demand increases. However, its fully diluted valuation is $2.47 billion, suggesting room for growth and reflecting the market’s anticipation of its future utility and adoption.
@kucoincom recent #Taiwan KOL Meet Up was a true success㊗️
Bringing together Key Opinion Leaders & crypto enthusiasts, solidified existing relationships and fostered new connections🤝
🌌A night to remember sharing insightful conversation with y'all!
#KuCoinGlobalTour #7rust pic.twitter.com/wBJUhrhO0H— KuCoin (@kucoincom) December 17, 2024
Analyzing the chart, KCS experienced a dip early in the period but quickly rebounded, showing resilience and possibly a strong buying interest at lower price levels. The token’s price has been consistently above the $12.10 mark for most of the observed period, indicating a solid support level.
2. Flockerz ($FLOCK)
Flockerz (FLOCK) is a meme-inspired cryptocurrency centered around a “flock of birds” theme. The project emphasizes community involvement and recently raised over $7 million in its presale. Its standout feature is the vote-to-earn (V2E) mechanism, which allows participants to influence key project decisions and earn tokens for their involvement. This mechanism fosters active engagement while promoting decentralization.
The platform operates through a community-led DAO called Flocktopia, where token holders vote on important matters. These include decisions about project development, marketing strategies, token burns, and ecosystem expansion. For instance, holders can vote to approve or reject the idea if the team proposes integrating NFTs. Participants receive $FLOCK tokens for their contributions, incentivizing governance and community engagement.
Flockerz addresses centralization risks often seen in meme coins, where whales or insiders manipulate prices. Such practices have left smaller investors vulnerable, as in Pepe’s $15 million theft in 2023. Flockerz seeks to create a fairer environment for investors by shifting decision-making power to the community.
The project offers high-yield staking rewards for passive investors. The annual percentage yields (APYs) stood at 396%, though rates are expected to decrease with increased staking. Currently, over 350 million tokens are locked in the reward pool.
Tokens are priced at $0.0064523 and can be purchased using cryptocurrencies or bank cards. However, investors need a compatible wallet, such as Metamask, to participate. While the exact launch date is pending, Flockerz’s early momentum suggests a growing interest in its decentralized, community-driven approach. Investors should carefully evaluate its roadmap and long-term potential.
3. Curve Dao Token (CRV)
Curve DAO Token (CRV) has recently experienced a significant price movement, reflected in a 5.05% increase in its value over the past day. It is now trading at $1.13. This upward trend aligns with the bullish market sentiment and the Extreme Greed indication on the Fear & Greed Index, scoring 87, suggesting strong market confidence.
Market dynamics show CRV with a market cap of $1.41 billion, which has also seen a slight increase, reinforcing the token’s growing acceptance and utility. The trading volume for CRV stands at $501.48 million, representing a 3.47% increase, indicating heightened trading activity, likely influenced by recent developments around Curve Finance.
More of @BlackRock's BUIDL came to Curve! This time through @ethena_labs.
All roads lead to Curvehttps://t.co/hSAiF0Q5X0 https://t.co/yW5mnuDqTA pic.twitter.com/1RAk4Vj13j
— Curve Finance (@CurveFinance) December 16, 2024
The notable event includes Michael Egorov, Curve Finance’s founder, engaging in a large-scale buyback of 1.08 million CRV tokens at an average of $1.114, totaling around $1.2 million. This action is a strong vote of confidence in CRV’s future, especially after the June 13 liquidation incident, aiming to stabilize or boost the token’s price.
4. GateToken (GT)
GateToken (GT), the native token of GateChain, has shown impressive performance metrics over the past year, with a price surge of 163%. With $13.64, GT has outperformed 69% of the top 100 crypto assets and surpassed major cryptocurrencies like Bitcoin and Ethereum. This outperformance is reflected in its substantial position above the 200-day simple moving average (SMA) by 226.99%, signaling strong market confidence and momentum.
The token’s market cap stands at $1.2 billion, with a significant increase in trading volume by 47.45% to $10.94 million, indicating growing liquidity and investor interest. Despite the absence of a maximum supply cap, the token’s yearly inflation rate is negative at -10.46%, which could be seen as a deflationary mechanism potentially increasing its value over time due to reduced supply growth.
The bullish sentiment around GT and an Extreme Greed index score of 87 suggests an optimistic market. However, such high levels of greed might also caution against potential volatility or market correction, urging investors to consider both the opportunities and risks.
5. Bitcoin Cash (BCH)
The current price of Bitcoin Cash (BCH) is $539.80, showing a 2.67% increase over the past 24 hours. This upward movement has pushed the market cap to $10.68 billion, while the fully diluted valuation (FDV) stands at $11.33 billion. The 24-hour trading volume has reached $492.75 million, reflecting a 2.00% increase, with a volume-to-market cap ratio of 4.59%.
BCH has performed impressively over the past year, with its price increasing by 145%. It has outperformed 64% of the top 100 crypto assets during this period. Technically, Bitcoin Cash is trading well above its 200-day Simple Moving Average (SMA), currently at $409.67, with its price sitting 31.95% above this level.
The asset has also shown strong market momentum recently. Over the past 30 days, BCH experienced 19 green days, meaning it had a positive daily performance 63% of the time. With its market cap and trading volume, Bitcoin Cash demonstrates high liquidity, indicating solid investor interest and market stability.
Bitcoin Cash continues to show strength, driven by significant price growth and positive technical indicators. Investors may find confidence in its current upward trajectory and consistent performance over the past year.
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