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Cryptocurrency News Articles

Best Crypto to Buy for Santa Rally - Top 8 List

Dec 17, 2024 at 11:08 pm

The "Santa Rally" refers to the tendency for financial markets, including cryptocurrencies, to experience a surge in price action during the final weeks of the year.

Best Crypto to Buy for Santa Rally - Top 8 List

The Santa Rally, a phenomenon often observed in global markets during the final weeks of December, usually sparks optimism among investors. Historically, the crypto market has experienced a bullish surge during this period, fueled by increasing investments, positive sentiment, and holiday optimism. And now, with Bitcoin reaching a new all-time high of $107k and numerous tokens gaining traction, it's an ideal moment to consider which assets could outperform the market in the coming months. 

In this guide, we’ve selected the top 8 cryptocurrencies that are poised for growth during the end-of-year Santa Rally, offering a mix of both well-established cryptocurrencies and newer crypto projects.

Best Crypto to Buy for Santa Rally - Top 8 List

Here is the top 8 list of the best crypto to buy for Santa rally;

Bitcoin - Largest Cryptocurrency By Market Cap

Wall Street Pepe - Frog-Themed Meme Coin Aiming For Total Crypto Domination

Ripple XRP - Third Largest Cryptocurrency By Market Cap

Catslap Token - Cat-Themed Play-To-Earn Meme Coin

Crypto All-Stars - World’s First-Ever Meme Vault 

Best Wallet Token - The Ultimate 2024 Crypto Wallet

Flockerz - Groundbreaking Vote-To-Earn Meme Coin

Solana - Blockchain Built For Mass Adoption

8 Cryptos to Buy for End of Year Santa Rally - Full Reviews

To help you make the best decision, we have done well-detailed research and curated a top 8 list of the best crypto coins to buy for the end-of-year Santa Rally. Read the detailed review about each crypto to find out which is suitable for you to invest in.

Bitcoin -  Largest Cryptocurrency By Market Capitalization 

Bitcoin needs no introduction as this cryptocurrency has remained the flagship crypto, often leading the market’s overall direction. As the pioneer of cryptocurrency, it has continued to dominate the market, representing nearly 50% of the entire crypto market cap. As the end of 2024 approaches, Bitcoin is trading at historical all-time highs, and if the Santa Rally plays out like it has in previous years, Bitcoin could see a significant upward momentum in the end-of-year period.

During the holiday season, Bitcoin often leads the charge in price rallies, and with mainstream financial markets catching up to Bitcoin's value proposition as a hedge against inflation and a store of value, the future looks bright for BTC, making it one of the best cryptos to buy for the end of the year Santa Rally. Since the US election, Bitcoin has continued to benefit from the growing mainstream adoption, and as the foundation of the crypto market with its position as digital gold, Bitcoin remains a must-have during the Santa Rally.  

At the time of writing, Bitcoin is trading above $107k, with a YTD return of 153% and a 3-month return of 78%. In the last 12 months, Bitcoin has been one of the standout performers in the crypto space, increasing by an impressive 156%

Generally, the limited supply of 21 million coins also adds to its appeal as an inflation hedge, and its market capitalization exceeds $2.00T, accounting for over 50% of the total cryptocurrency market. This dominance guarantees strong liquidity and allows for easy entrance and exit positions. 

Additionally, Bitcoin’s price saw a 10% increase over the past week, reflecting renewed interest in the token. One $BTC is currently trading above $107 per BTC/USD, breaking its old all-time high of 103K and setting a new one. Several crypto analysts have predicted that in 2025, Bitcoin could gain more and potentially hit the $150K mark.

Wall Street Pepe -  Frog-Themed Meme Coin Aiming For Total Crypto Domination

Another cryptocurrency on our list is Wall Street Pepe, which is a hot new meme token that blends Pepe’s popularity with the excitement of Wall Street trading. This platform is creating a Wepe Army for high-risk, high-reward trading, and this meme coin’s potential for a surge during the Santa Rally lies in its growing following and ability to generate buzz. The project will provide its token holders with exciting meme coin trading strategies and alpha calls.

Notably, the $WEPE presale offers early buyers a chance to get in early before the token lists on some of the top crypto exchanges. Wall Street Pepe is unique because it also offers staking rewards of over 40% p/a during the ongoing presale. Based on the whitepaper, 12% of the total $WEPE supply is allocated for staking rewards, which will be distributed over 3 years at the rate of 3044.14 $WEPE tokens per ETH block. 

All $WEPE token holders become part of the WEPE army movement

News source:www.binance.com

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Other articles published on Dec 18, 2024