Following the recent rises in Bitcoin and Ethereum, other cryptocurrencies have also begun a progressive upward path. Here are the 2 cryptocurrencies with high potential for December.
With the recent rally of Bitcoin and Ethereum, the altcoin market has started to sporadically record significant restarts. What triggered this generalized recovery, according to many, was the sprint shown by Ethereum (ETH), which, after exceeding $2,000, began to aim for the high of the last two years. The month of December is renowned for being typically bullish from a statistical point of view, and for this reason, many are wondering which tokens may be the best performing.
What attracted attention was the trend linked to artificial intelligence and big data, which, after remaining dormant for a few weeks, returned to recording above-average volumes and important capital account results. Among these, two particularly stand out: Fetch.ai (FET) and Injective (ING).
Fetch.ai (FET): climbing into the top 100 CMC
Its mission is to create an ecosystem where various interfaces can communicate, collaborate, and even negotiate autonomously, leveraging AI to improve process efficiency. Through the use of advanced smart contracts, the project therefore aims to enable automated transactions and peer-to-peer exchanges without intermediaries.
What has attracted attention in this period, however, is the strong graphic expansion recorded in the last year of trading, combined with the size of the volumes recorded in the last seven days. The FET token has gained over 782%, of which 51% in the last month alone. This week, the AI crypto segment is back on trend, and FET is among the most traded cryptocurrencies. From a graphic point of view, the first technical obstacle to overcome is the $0.57 threshold. Its position on CoinMarketCap is 100, expressing some interest already expressed by the investing public.
Injective (ING): finance is becoming even more decentralized
Injective positions itself as a decentralized trading platform that aims to democratize access to financial derivatives. Although from a definitional point of view, it seems little linked to artificial intelligence systems, in itself it perhaps represents one of the most innovative projects in the field of on-chain finance. It is located within the Big Data category of CoinMarketCap at position number 43 in the capitalization ranking and has recently been benefiting from a strong inflow of capital which has led ING to be one of the most traded tokens in recent sessions. From a technical point of view, it has an interesting structure, without clear graphic resistance, but rather with barely visible support, positioned in the price range between $17 and $18.
Original article published on Money.it Italy 2023-11-30 07:48:00. Original title: Queste 2 criptovalute potrebbero esplodere a dicembre
