Best Crypto to Invest in Right Now December 14 – BNB, Bittensor, Theta Network

Today, Bitcoin dominance has fallen below 60%, signaling a notable market shift in favor of altcoins. The Altcoin Season Index, which currently stands at 65, highlights this trend, indicating that altcoins are outperforming Bitcoin. However, the rise is not as pronounced as in previous altcoin seasons.

Historical data suggests that Bitcoin often regains market dominance after strong altcoin rallies. Although Bitcoin remains resilient, the growing strength of altcoins reflects a shift in investor sentiment and market dynamics. With altcoins leading the market, attention has shifted to identifying the most promising projects. This article will analyze the best crypto to invest in right nowexamining their potential in a changing market environment.

Best Crypto to Invest in Right Now

BNB is currently valued at $714.87, with a 24-hour trading volume of $2.48 billion and a market cap of $105.42 billion. Meanwhile, VeChain (VET) announced its next upgrade, VeChain Renaissance, which aims to more effectively align rewards with network impact. At the same time, PEPU gained popularity, becoming the top trending coin on CoinMarketCap as of December 13.

1. BNB (BNB)

The BNB price is currently at $714.87, with a 24-hour trading volume of $2.48 billion and a market cap of $105.42 billion, giving it a market dominance of 2, 89%. Over the past 24 hours, BNB saw a slight decline of 0.46%, although its overall outlook remains positive.

Price forecast sentiment for BNB is bullish, supported by the Fear & Greed Index, which currently stands at 83, indicating “Extreme Greed.” Additionally, BNB is trading 23.16% above its 200-day simple moving average (SMA) of $581.61, suggesting strong long-term bullish momentum.

In terms of recent performance, BNB has recorded 16 green days in the last 30 days, reflecting consistent price stability and growth. However, with a 14-day relative strength index (RSI) of 61.80, the asset appears to be in neutral territory, signaling the potential for a sideways price movement in the near term.

BNB price is also trading near its cycle high, reflecting growing investor confidence. Its positive performance relative to the token’s initial sale price adds further credibility to its long-term value proposition.

2. VeChain (EFP)

VeChain (VET) revealed its next upgrade, VeChain Renaissance, which focuses on aligning rewards with network impacts through four major changes. This initiative aims to strengthen stakeholder engagement while driving sustainable network growth by leveraging contributions from users and developers.

One of the highlights is VeChain’s successful two-token system, in which VET serves as the utility token and VTHO functions as the gas token. By separating these functions, VeChain has successfully delivered scalable business applications while overcoming challenges such as unpredictable transaction fees.

– VeChain (@vechainofficial) December 12, 2024

At the time of writing, VET is trading at $0.05681, reflecting a decline of 4.73%. Despite this decline, VeChain remains 77.60% above its 200-day simple moving average (SMA) of $0.032033, suggesting an upward trend. Additionally, the 14-day relative strength index (RSI) is at 61.04, indicating neutral conditions with potential sideways movement.

Over the past 30 days, VET has recorded 19 positive trading days, reflecting its consistent market activity. The 24-hour volume to market cap ratio stands at 0.0544, signifying moderate liquidity relative to its market cap. Additionally, VeChain is expected to trade between $0.054942 and $0.061232 by the end of the year. If the average price reaches $0.058071, it would result in a modest 6.35% gain from current levels.

3. Bittensor (TAO)

Bittensor is currently trading at $568.32, with a 24-hour trading volume of $304.14 million and a market cap of $4.19 billion. This puts its market dominance at around 0.12%. Over the past 24 hours, the price has seen a slight decline of 1.97%, reflecting the volatility inherent in the cryptocurrency market.

Price forecast sentiment for Bittensor remains bearish, suggesting a cautious outlook from investors. However, the Fear & Greed Index, showing a score of 83 (Extreme Greed), indicates increased investor interest and optimism in the market as a whole.

From a technical perspective, Bittensor is trading well above its 200-day simple moving average (SMA) of $122.07, representing a substantial increase of 364.62%. This demonstrates strong long-term bullish momentum. Additionally, Bittensor has recorded 18 green days in the last 30 days, which equates to a 60% positive trading trend.

The 14-day relative strength index (RSI) stands at 56.85, placing the token in a neutral range. This suggests that Bittensor is neither overbought nor oversold and could soon continue trading sideways.

Additionally, the asset enjoys high liquidity relative to its market capitalization, which enhances its ability to accommodate large transactions without significant price fluctuations. Bittensor’s strong technical indicators and liquidity levels make TAO worth watching, although near-term price movements remain uncertain.

4. Pepe Unleashed (PEPU)

Pepe unleashed posted remarkable initial performance, reaching a market capitalization of $200 million and delivering over 3x returns to pre-sale investors. Early investors got tokens for just $0.008 during the initial phase of the presale.

PEPE UNCHAINED L2 IS LIVE!

Yesterday’s launch went off without a hitch.

Our L2 network handled this massive volume effortlessly and is now ready to welcome the masses!

Check out our official block explorer, Pepuscan, and witness this greatness.… pic.twitter.com/0EJ7itirOz

– Pepe Unchained (@pepe_unchained) December 11, 2024

At press time, PEPU is trading at $0.03218 and has gained significant momentum, becoming the top trending coin on CoinMarketCap as of December 13. Although not yet listed on centralized exchanges (CEX), the project has attracted widespread attention and interest from investors.

Pepe unleashed has already entered the top 25 meme coins by market capitalization. If its current growth trajectory continues, it could reach a market capitalization of $1 billion, which would position it as a serious competitor in the coin industry.

The project raised an impressive $74 million during its pre-sale, setting a milestone for the industry ahead of its official launch on December 10. The token’s rapid performance on platforms such as DexTools and Uniswap highlights strong demand. With upcoming CEX listings expected, trading activity and visibility are expected to increase, potentially pushing PEPU higher in the market ranks.

Visit the Pepe Unchained website

5. Theta Network (THETA)

Theta Token is currently priced at $2.64, with a 24-hour trading volume of $218.80 million and a market cap of $2.30 billion, reflecting a market dominance of 0.06%. Over the past 24 hours, THETA saw a decline of 3.08%, although its performance over the past year remains strong.

The token is up 145% over the past year and has outperformed Bitcoin and Ethereum, as well as 68% of the top 100 crypto assets. Currently, Theta is trading 59.14% above its 200-day simple moving average (SMA) of $1.66, highlighting its sustained uptrend.

Theta Edge Node v.5.1.4 is now available! Your node will upgrade automatically, adding real-time alerts for Edge Compute reward payouts, Elite Booster rewards, and release notes for future version updates. Not already running an Edge node? Start earning now on pic.twitter.com/y1FzPuNU4a

– Theta Network (@Theta_Network) December 12, 2024

Additionally, the token has recorded 20 green days over the past 30 years, accounting for 67% of the period, reflecting consistent positive performance. Despite recent fluctuations, its liquidity remains high relative to its market capitalization, making it an attractive option for investors.

The 14-day RSI stands at 45.65, suggesting neutral momentum and the possibility of sideways price movement in the near term. Looking ahead, Theta Token is expected to trade between $2.73 and $2.94 by the end of the year. This prediction implies a potential increase of 7.88% from its current price, with an estimated average of $2.85.

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