6 Best Altcoins To Invest In Today December 12 – Polkadot, PancakeSwap, NEAR Protocol, io.net
FET
NEAR
IO
CAKE
DOT
As Bitcoin hits a new all-time high (ATH), the altcoin market is gaining significant momentum. Global interest in altcoins is surging, with search trends reflecting this growing attention. According to Google Trends, searches for “altcoins” reached the highest possible popularity score of 100 in the first few days of December.
Looking at historical patterns, search interest in altcoins spiked notably in November, peaking at a score of 93 before dropping to 56 mid-month. This fluctuation followed the announcement of Donald Trump’s presidential victory on 5 November, coinciding with Bitcoin’s all-time high. With altcoins printing price rallies, investors are searching for the best altcoins to invest in today.
6 Best Altcoins To Invest In Today
The cryptocurrency market is seeing notable activity, with several tokens drawing attention despite a general market slowdown. Artificial Superintelligence Alliance (FET) has emerged as a key player among AI-focused tokens. Polkadot (DOT) has shown consistent growth, trading at 9.28, an increase of 8.78% over the last 24 hours. PancakeSwap (CAKE) trades at 3.67, reflecting a 7.71% gain within the same period.
Flockerz ($FLOCK) continues to attract interest even as the broader market stabilizes. NEAR Protocol (NEAR) has also performed well, with its price climbing to 7.20, marking an impressive daily gain of 10.86%. Additionally, IO.net has seen significant growth, priced at 4.32 after a substantial 17.33% increase over the past day. Moreover, the crypto market appears to be regaining momentum, with Bitcoin climbing back to the 100,000 mark, fueled by the release of November’s inflation data.
1. Artificial Superintelligence Alliance (FET)
Artificial Superintelligence Alliance (FET) is gaining significant attention in the cryptocurrency market as one of the leading AI-focused tokens. Despite its current downward trend, increasing trading activity indicates the possibility of an imminent breakout. Analysts closely monitor its price movement, which suggests potential for significant growth shortly.
The FET token is ranked as the fifth-largest AI coin by market capitalization. CoinMarketCap’s 24-hour trading volume recently rose by 44% to $482 million. This surge in activity has sparked predictions of a retest of the $2 price level in the coming days.
Crypto analyst Crypto Kindle believes surpassing the $2.10 resistance level could open the door for further growth. A long-term rise toward $20 is possible, although several resistance zones must be overcome to reach this level.
2. Polkadot (DOT)
Polkadot (DOT) has demonstrated steady growth recently, reflected in its current trading price of $9.28, marking an 8.78% increase over the past day. Its market capitalization is $14.17 billion, supported by a 24-hour trading volume of $1.02 billion, indicating strong liquidity. The Vol/Mkt Cap ratio of 7.25% further underscores active trading activity.
Over the past year, Polkadot’s value has risen by 36%, showcasing its resilience in a volatile market. The token trades significantly above its 200-day simple moving average (SMA) of $5.95, with a 56.04% premium, suggesting a positive long-term trend. Additionally, it has recorded 16 green days in the past 30 days, accounting for 53% of the period, which reflects consistent performance.
Spotlight on Hyperbridge
Imagine a multi-chain universe where assets + data move trustlessly across networks with near-instant confirmation, all without relying on a committee of trusted parties 💭
Hyperbridge—the first trustless, verifiable bridge—makes it possible.… pic.twitter.com/gQBMTfNmVK
— Polkadot (@Polkadot) December 11, 2024
The sentiment around Polkadot remains neutral, as the Fear & Greed Index scores 83, indicating extreme greed. This highlights a heightened interest in the asset and potential risks of market volatility.
3. PancakeSwap (CAKE)
PancakeSwap (CAKE) is trading at $3.67, reflecting a 7.71% increase in the past 24 hours. The token demonstrates robust liquidity with a market capitalization of $1.05 billion and a 24-hour trading volume of $207.76 million. The volume-to-market cap ratio of 19.65% further underscores high activity within the trading community.
Over the last year, CAKE has seen a 52% price increase, indicating notable growth. The token is trading well above its 200-day simple moving average (SMA) of $2.28, with a premium of 61.21%, highlighting its upward momentum. Additionally, CAKE has achieved 18 green days in the past 30 days, representing 60% of the period, signifying consistent positive performance.
The sentiment around PancakeSwap is currently bullish, complemented by a Fear & Greed Index score of 83, indicating extreme greed. While this reflects strong interest, it could also signal potential risks of heightened volatility.
4. Flockerz ($FLOCK)
Despite the broader market slowing down this week, Flockerz ($FLOCK) is gaining traction in the crypto space. The project raised over 5.6 million during its token presale, with 500,000 coming in three days. Investors are using the pause in the market rally to explore high-growth opportunities like Flockerz.
What sets Flockerz apart is its emphasis on decentralization and community governance. The project’sproject’s unique feature, FlockTopia, gives $FLOCK holders the ability to vote on decisions that shape the project’sproject’s future. Unlike many meme coins controlled by centralized teams, Flockerz uses this model to reduce risks like ” rug pulls,” where funds are misused or stolen. Participants in FlockTopia are also rewarded for voting, which encourages engagement while aligning community interests with the project’sproject’s long-term goals.
I present to you the crown jewel of Flocktopia! 💎👑
Want to join in on the fun? Go here: https://t.co/HKN509Un5J pic.twitter.com/PM2RDdA18L
— Flockerz (@FlockerzToken) December 11, 2024
In addition to governance, $FLOCK offers income opportunities through staking. The current annual yield is 470%, which is expected to decrease as more users stake their tokens. Over 382 million $FLOCK tokens have already been staked, showing strong community involvement.
Flockerz has also prioritized security. Coinsult and Solid Proof have audited its smart contracts, which confirmed their safety. Investors can buy $FLOCK via the presale site or the Best Wallet app.
5. NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is currently priced at $7.20, marking a significant daily increase of 10.86%. The token exhibits strong market activity with a market capitalization of $8.77 billion and a 24-hour trading volume of $603.37 million. The fully diluted valuation (FDV) closely aligns with the market cap at $8.81 billion, indicating a near-total circulation of the token’s supply.
The asset has consistently grown, with a 35% price increase over the past year. It is trading 54.93% above its 200-day simple moving average (SMA) of $5.95, suggesting a sustained upward trend. NEAR has also recorded 16 positive trading days in the last month, accounting for 53% of the period, reinforcing its stability during this timeframe.
AI will break everything we know about the web.
Deploy a meme coin on @memedotcooking, build a custom webpage, and AI-generate branding.
In seconds.
Powered by NEAR™ pic.twitter.com/EHBvBVoWoK
— NEAR Protocol (@NEARProtocol) December 11, 2024
As measured by market analysis tools, the sentiment for NEAR Protocol remains neutral despite its recent surge. The Fear & Greed Index reflects a score of 83, indicating heightened market optimism or “Extreme Greed,” which could lead to increased volatility.
6. io.net (IO)
IO.net is priced at 4.32, reflecting a 17.33% increase over the past 24 hours. The sentiment surrounding the coin remains bullish. This is further supported by the Fear & Greed Index, which stands at 83, indicating “Extreme Greed.” Moreover, IO.net has shown strong performance, with 19 days of positive price movement in the last 30 days. These days, the daily close price exceeds the opening price 63% of the time. Additionally, the coin demonstrates high liquidity when compared to its market capitalization.
By the end of 2024, IO.net is projected to trade between 4.40 and 8.86. Analysts suggest an average price of 6.59 during December. This represents a potential price increase of 52.39% compared to current levels. If the prediction proves accurate, investors could see returns of approximately 104.63% during this period.
Looking further into 2025, IO.net is forecasted to trade between 7.58 and 21.22. The average price is expected to hover around 12.20. January could be particularly strong, with projections suggesting the price may rise as much as 390.36% compared to today’s value. In conclusion, IO.net shows positive momentum and optimistic growth projections.
Learn More
