Top Cryptocurrencies to Buy Now December 16 – Apecoin, Starknet, dYdX
CCY
STRK
TOP
OM
APE
Cryptocurrency adoption is evolving, with stablecoins emerging as preferred payment options over traditional cryptocurrencies like Bitcoin (BTC). These fiat-pegged digital assets have gained notable traction recently. Regions such as Sub-Saharan Africa and Latin America have seen rapid increases in stablecoin use, surpassing Bitcoin in transaction volume.
Bitcoin recently reached an unprecedented high of $106,000. Despite this milestone, the usage of stablecoins has expanded more significantly in everyday transactions due to their reduced price volatility. While Bitcoin remains an essential component of the crypto market, other cryptocurrencies, including stablecoins and newer blockchain projects, offer diverse opportunities for potential returns. This article will explore some of the top cryptocurrencies to buy now, reflecting the changing trends in adoption and market dynamics.
Top Cryptocurrencies to Buy Now
Wall Street Pepe (WEPE) is gaining significant traction two weeks into its presale, attracting growing interest from global investors. Currently priced at $0.0003644, WEPE’s early momentum highlights increasing confidence in its potential within the meme coin sector. At the same time, ApeCoin continues to show steady performance in the market. Meanwhile, Starknet has experienced a modest price increase of $0.6299—up 1.03% in the last 24 hours.
1. Apecoin (APE)
ApeCoin has maintained steady momentum, offering notable developments for investors. Designed to support decentralized community building in web3, ApeCoin allows holders to participate in governance through the ApeCoin DAO. Decisions on the use of the ecosystem’s fund are implemented by the APE Foundation, ensuring community-driven growth.
At press time, ApeCoin is exchanging hands at $1.57, with a 24-hour trading volume of $278.98 million and a market capitalization of $1.18 billion, giving it a market dominance of 0.03%. Over the past day, the APE price has increased by 2.31%. While the market remains neutral, the Fear & Greed Index currently stands at 83, signaling Extreme Greed among investors.
From a technical perspective, ApeCoin is trading 40.14% above the 200-day simple moving average (SMA) of $1.12. The 14-day Relative Strength Index (RSI) is at 40.02, indicating a neutral zone, suggesting that the token may trade sideways in the short term.
Additionally, ApeCoin recorded 21 green days in the past month, reflecting price stability with high liquidity relative to its market capitalization. Given its performance and market behavior, ApeCoin remains on the radar as one of the top cryptocurrencies to buy now.
2. Starknet (STRK)
Starknet’s price today stands at $0.6299, reflecting a 1.03% increase in the last 24 hours. The network’s 24-hour trading volume is $184.70 million, while its market capitalization is approximately $1.42 billion, contributing to a market dominance of 0.04%. Over the past 30 days, StarkNet has shown positive movement with 15 green days, indicating that its price increased on 50% of those days.
Notably, the project demonstrates strong liquidity relative to its market cap, making it an accessible asset for investors. Starknet is a permissionless decentralized Validity-Rollup, commonly known as a ZK-Rollup, and functions as a Layer 2 solution for Ethereum. The platform ensures scalability by leveraging STARK cryptographic proofs without compromising Ethereum’s composability or security.
TLDR:
💠 Starknet ranks 4th in terms of the number of developers within the Ethereum ecosystem in 2024.
💠 More than 1,000 new developers explored Starknet in 2024.
💠 Starknet is among the top 10 ecosystems with the most full-time developers (those coding more than 10 days per… https://t.co/kARmN6sbjy pic.twitter.com/bQcvPNsADH— Starknet 🐺🐱 (@Starknet) December 13, 2024
This approach enables decentralized applications (dApps) to process extensive computations efficiently while relying on Ethereum’s base layer for settlement and security. The platform’s focus on scalability has positioned StarkNet as an essential component of Ethereum’s expanding ecosystem.
As demand for Layer 2 solutions grows, networks like StarkNet aim to address Ethereum’s congestion and high transaction costs. With its technological foundation and increasing liquidity, StarkNet continues to attract attention among investors and developers.
3. dYdX (DYDX)
The current price of dYdX (DYDX) stands at $2.09, with a 24-hour trading volume of $23.17 million and a market capitalization of $1.16 billion, representing a market dominance of 0.03%. Over the past 24 hours, DYDX has gained 1.83%, reflecting a neutral sentiment in the market.
Furthermore, dYdX is trading 39.57% above its 200-day simple moving average (SMA), currently at $1.49442. DYDX has recorded 19 green days in the last 30 days, signaling consistent market activity. However, the 14-day Relative Strength Index (RSI) at 47.84 suggests the asset is in neutral territory and may continue to trade sideways.
MegaVault TVL surpasses $50M 🚀
The dYdX community making it happen 🫡 pic.twitter.com/WA6ipc8v4P
— dYdX (@dYdX) December 13, 2024
The token’s volatility remains moderate, with a 30-day volatility rate of 22%. Liquidity also appears stable, with a volume-to-market-cap ratio of 0.0199. Moreover, dYdX is projected to trade within a range of $2.09 to $3.67 by the end of the year. dYdX continues to demonstrate steady performance with moderate volatility, making it a token to watch as the year concludes.
4. Wall Street Pepe (WEPE)
Wall Street Pepe (WEPE) is gaining notable traction two weeks into its presale, drawing global investor interest. Priced at $0.0003644, the token has emerged as an attractive opportunity for early investors seeking a low entry point.
The project has already raised over $25 million, nearing its $25.5 million presale target. This rapid progress highlights growing confidence in WEPE, fueled by its staking rewards offering up to 48% APY. These incentives, combined with a secure ecosystem, are driving increased participation from retail and institutional investors alike.
MegaVault TVL surpasses $50M 🚀
The dYdX community making it happen 🫡 pic.twitter.com/WA6ipc8v4P
— dYdX (@dYdX) December 13, 2024
One of WEPE’s standout features is its community-focused approach. Holders gain access to an exclusive private group where members can leverage trading insights, strategies, and alpha calls. This access positions participants to stay informed and potentially gain an edge in the competitive crypto market.
Investor enthusiasm has also been spurred by the project’s focus on building a strong, engaged community. WEPE’s growing “army” suggests confidence in its long-term potential to impact a significant market. Many investors see the project as an opportunity to capitalize on collective strength and momentum.
As the presale nears its completion, the growing investor interest underscores WEPE’s appeal as a community-driven token with practical incentives. With momentum building, all eyes remain on how Wall Street Pepe will perform post-launch.
Visit Wall Street Pepe Presale
5. MANTRA (OM)
MANTRA (OM) is trading at $3.99 today, reflecting a 4.33% increase in the last 24 hours. Market sentiment remains bullish, supported by the Fear & Greed Index, which indicates extreme greed at a score of 83.
The token’s technical indicators highlight its strong position, with OM currently trading 122.35% above the 200-day simple moving average (SMA) of $1.7769. This suggests sustained upward momentum over the long term. Additionally, the asset has seen a positive trend, achieving 15 green days in the past 30 days.
Furthermore, MANTRA maintains stability with a 24-hour volume-to-market cap ratio of 0.0691, signaling healthy market activity relative to its valuation. However, the 14-day Relative Strength Index (RSI) stands at 40.53, indicating a neutral state where the price may trade sideways.
Exciting news, Sherpas! 🇧🇷
We're thrilled to announce the launch of our official MANTRA Brazil X account!
Follow @MANTRA_Chain_BR to connect with our growing Portuguese-speaking community and get the latest #MANTRA updates, news, and announcements.
Bem-vindos!$OM #HomeOfRWAs pic.twitter.com/htMx8cIkv6
— MANTRA | Mainnet Live (@MANTRA_Chain) December 13, 2024
Meanwhile, predictions suggest OM may end the year trading within a range of $3.97 to $4.11. If this scenario holds, it would represent a modest increase of 2.05% compared to current prices, with an estimated average price of $4.03.
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