6 Best Altcoins To Watch Today December 7 – Arweave, Helium, Bittensor, Synthetix
2024
PEPU
SNX
ENA
HNT
Analysts have discussed several altcoins poised for strong performance during the anticipated 2025 bull run. Several assets have been outlined as top picks in 2024.
Arweave, Helim, and Pepe Unchained have been identified as key players for the next bull cycle. In light of the positive crypto market wave, this article outlined other affordable tokens, particularly the best altcoins to watch today.
6 Best Altcoins To Watch Today
Arweave has rolled out its 2.8.3 update, improving performance, addressing bugs, and introducing new features. The first phase of HIP 138 implementation for Helium has been completed. Ethena (ENA) is valued at $1.06, marking a 3.44% rise in the past 24 hours. Synthetix (SNX) is trading at $3.15, reflecting a 1.07% gain over the same period.
Pepe Unchained (PEPU), a newly launched meme coin, has gained significant attention following its impressive $73 million presale. Gnosis (GNO) is trading at $299.01, up by 2.23% in the last day. Meanwhile, Bitcoin remains near the $100,000 mark after a week influenced by pro-crypto appointments within the Trump administration.
1. Arweave (AR)
Arweave has released its 2.8.3 update, introducing several changes to improve performance, fix issues, and add new features. The update resolves inefficiencies in disk reading for SATA and SAS systems. This ensures smoother node operations, particularly during peak traffic periods. The optimization is expected to enhance overall efficiency and reliability for users with such disk setups.
Additionally, a new feature has been introduced. The update includes packing difficulty data in the /metrics endpoint, giving operators more detailed information for monitoring. Enhanced options for node self-checks also allow for better performance tracking and troubleshooting.
🚀 New Development Resource #awesome_ao for @ArweaveEco & @aoTheComputer Ecosystem Developers! 🚀
👉 https://t.co/1esQOqtCNyWe’ve created the awesome-ao page, an all-in-one list of resources and tutorials to help developers explore the Arweave and AO ecosystems.
Why?
As the… pic.twitter.com/IpuZltQWI0— Arweave Oasis (@ArweaveOasis) December 3, 2024
Arweave’s price is $27.93, up 5.74% over the past 24 hours. Market sentiment appears bullish. The Fear & Greed Index is at 75, indicating a level of greed among investors.
2. Helium (HNT)
Helium’s first phase of HIP 138 implementation is now complete. As the proposal outlines, additional HNT will be allocated to the MOBILE treasury starting with the next epoch. The Helium Foundation burned its MOBILE Operations Fund, established under HIP 51, to support this. In exchange, it received 1.3 million HNT, which aligns with HIP 138’s specifications.
Helium is trading at 9.23, showing a 7.16% increase over the past 24 hours. Its market capitalization stands at 1.57 billion, reflecting a rise of 7.36%. The 24-hour trading volume is 57.12 million, with a Vol/Mkt Cap ratio of 3.64%. The fully diluted valuation is now at 1.56 billion.
HIP 138: Return to HNT Implementation Update ✅
The first phase of HIP 138 implementation is now complete. Beginning with the next epoch, additional HNT will be directed to the MOBILE treasury as outlined in the proposal.
As part of this process, the Helium Foundation has…
— Helium Foundation 🎈 (@HeliumFndn) December 6, 2024
Over the past year, Helium has demonstrated strong growth, with its price increasing by 88%. It is trading above its 200-day simple moving average, which indicates sustained bullish momentum. During the last 30 days, the daily closing price was higher than the opening price on 53% of the days. There were 16 “green days” during this period. Liquidity remains high relative to its market capitalization.
3. Ethena (ENA)
Ethena (ENA) currently trades at $1.06, reflecting a daily increase of 3.44%. The token shows strong market activity with a market capitalization of $3.11 billion (up 3.50%) and a 24-hour trading volume of $540.26 million (a significant 38.04% increase). The fully diluted valuation (FDV) of $15.89 billion and a total value locked (TVL) of $5.23 billion suggest a solid position in the crypto space, with a market cap/TVL ratio of 0.5947.
Market sentiment around Ethena appears bullish, with the Fear & Greed Index at 75, indicating a “Greed” phase. Over the past 30 days, the token recorded 60% green days with 21.02% price volatility, signaling consistent upward momentum. These indicators suggest a favorable period for potential buyers.
10 months old
$5b dollars
27% APY
1 dream
0 doubtEthena pic.twitter.com/HymWwbjWrn
— Ethena Labs (@ethena_labs) December 5, 2024
By December 2024, Ethena is forecasted to trade between $1.07 and $2.90. This represents an average price projection of $1.80, implying a potential price increase of 70.23% compared to its current value. If the token meets these expectations, investors could see a return on investment (ROI) of approximately 174.20%.
4. Synthetix (SNX)
Synthetix (SNX) is priced at $3.15, with a 1.07% gain over the past day. It has a market cap of $1.06 billion, accounting for 0.95% growth, and recorded a 24-hour trading volume of $88.13 million, indicating a 31.04% increase.
SNX is trading above its 200-day simple moving average (SMA) of $1.96, showing a strong performance as it sits 60.72% higher than this benchmark. The sentiment for Synthetix appears bullish, supported by a Fear & Greed Index score of 75 (Greed). The token has had a relatively positive run recently, with 20 green days out of the last 30, marking a 67% success rate for daily gains.
Synthetix Weekly Recap! @synthetix_io
⚔️Spartan Council & CC updates
⚔️TLX acquisition presentationPodcast on YOUTUBE: https://t.co/4nwb4ioUS4
Anchor Podcast: https://t.co/uUdC4BCjmTBLOG: https://t.co/VBnzk0YZCG
— SNXweave (@snx_weave) December 4, 2024
By the end of 2024, Synthetix is expected to trade within the range of $3.05 to $3.75. This suggests a potential average price of $3.38, implying a moderate price increase of 6.87% from its current level. If this prediction holds, investors could see an estimated return on investment (ROI) of approximately 18.63%, offering modest gains for those holding the asset.
5. Pepe Unchained ($PEPU)
Pepe Unchained (PEPU), a new entrant in the meme coin market, has captured significant attention with its $73 million presale. The token will debut on Tuesday, 10 December, at 2 PM UTC on Uniswap. Given its positioning as a potential rival to leading meme coins like PEPE, crypto enthusiasts and analysts highly anticipate this launch.
Pepe Unchained seeks to improve upon its predecessor by moving away from Ethereum’s mainnet and introducing its own Layer 2 blockchain. This development promises faster transactions, lower fees, and higher scalability, addressing limitations associated with Ethereum.
The PEPU token aims to differentiate itself by creating a broader ecosystem. One of its standout offerings is the Pepe Pump Pad, a launchpad for meme coin projects on Ethereum. This tool allows users to create tokens with minimal technical knowledge. Additionally, the project has introduced a grant initiative, “Pepe Friends With Benefits,” to attract skilled developers to its ecosystem. The staking pool offers a 52% Annual Percentage Yield (APY), encouraging token holders to participate actively.
Pre-approved on @CoinMarketCap!
Slap that bullish vote and show ‘em the power of the Pepu community!https://t.co/XKNyUJPrbY pic.twitter.com/a0QQSXlyAq
— Pepe Unchained (@pepe_unchained) December 7, 2024
Pepe Unchained’s presale was marked by significant interest from large investors, often called whales. Transactions exceeding $50,000 were common, with some individuals investing as much as $500,000 in a single purchase. This whale activity highlights confidence in the project and has fueled speculation about its performance post-launch.
6. Gnosis (GNO)
Gnosis (GNO) is priced at 299.01 and has increased by 2.23% over the past 24 hours. The sentiment surrounding the token appears positive, as reflected by the Fear & Greed Index, which shows a reading of 75, indicating market optimism. Over the past year, GNO’s price has risen by 30%. It also trades above the 200-day simple moving average, which suggests a strong long-term trend.
In the last 30 days, GNO experienced 15 “green days,” where the closing price was higher than the opening price. This means the token saw upward movement on 50% of the days. These trends indicate consistent short-term activity, aligning with the bullish sentiment.
2 MILLION Transactions!🦉
2 Million transactions completed by @autonolas agents—over 1M of them agent-to-agent transactions, happening on @gnosischain. https://t.co/8xV03Ds5SW pic.twitter.com/hCsJ4KeMA8
— Gnosis Chain 🦉 (@gnosischain) December 5, 2024
By December 2024, GNO is predicted to trade between 289.55 and 344.77, with an average price of 307.28. If this forecast materializes, it would represent a 2.77% increase from its current level. For investors, this could mean a return on investment of approximately 15.30%.
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