Best Cryptocurrencies to Invest in Right Now December 3 – Aave, Solana, Maker

Ethereum-based investment products hit another milestone in 2024, recording $2.2 billion in net inflows, according to CoinShares data. This surpasses the previous high of $2 billion set in 2021, signaling a shift in investor interest. XRP has also made significant gains. XRP-linked funds saw $95 million in inflows in a single week, the highest ever for the asset. This coincided with a 69% rise in its price, highlighting the growing focus on altcoins.

The broader cryptocurrency market has grown significantly, with its total value increasing by around 72% since the US election to reach $3.43 trillion. The growth was driven by growing interest in US-based exchange-traded funds (ETFs) and growing demand for altcoins like Ethereum and XRP. This article analyzes the best cryptocurrencies to invest in right now.

Best Cryptocurrencies to Invest in Right Now

Aave reached a major milestone, with net deposits reaching $31.4 billion. Meanwhile, Solana has been integrated into the Crypto Life platform, enabling payments to over 90 million merchants worldwide. In another development, BEST’s token presale surpassed $2 million in funding.

1.Aave (AAVE)

Aave, a decentralized finance (DeFi) platform, reached a major milestone with net deposits totaling $31.4 billion. This figure represents a substantial increase of 50% in one month, compared to $20.9 billion in early November. This increase highlights the growing interest in Aave’s lending and borrowing services.

Over the past 30 days, Aave has gained $10.4 billion in new deposits. The platform’s native token, AAVE, is currently priced at $237.00, reflecting a 5.99% increase over the past 24 hours. It is trading well above its 200-day simple moving average (SMA) of $137.90, with a margin of 71.13% against that benchmark. This indicates a strong upward trend in its value.

Meanwhile, market sentiment for AAVE remains bullish, supported by the Fear and Greed Index at 76, indicating extreme market confidence. The token has shown positive movement 16 of the last 30 days, indicating consistent performance. Its trading volume relative to market capitalization stands at 0.4084, suggesting active trading activity.

Aave’s current position reflects its growing influence in the DeFi sector. Its growing deposits, high liquidity and proactive governance demonstrate steady progress, and its services continue to attract user interest.

2. Creator (MKR)

Maker is gaining ground in the market, surging sharply to $2,229, an increase of 24.71% in the last 24 hours. The token’s trading volume during the same period was $397 million, while its market capitalization stood at $1.96 billion, representing a 0.06% share of the overall cryptocurrency market . It is trading above its 200-day simple moving average (SMA) of $1,822.44, at a premium of 22.28%.

Market sentiment towards MKR appears optimistic. The Fear & Greed Index, a gauge of investor sentiment, has a score of 76, indicating extreme greed. MKR has also seen significant liquidity, with a 24-hour trading volume to market cap ratio of 0.3803 and 15 positive trading days over the past month.

Additionally, the token’s annual inflation rate is -3.60%, indicating a decreasing supply. Technical indicators suggest a neutral stance, with the 14-day relative strength index (RSI) at 67.39 signaling potential for short-term sideways movement.

Projections for MKR suggest that it could trade between $2,152.58 and $3,449.00 by the end of the year. If the December average price reaches $3,005.95, that would represent a 35.60% increase from current levels, providing investors with a potential return of 55.58% if forecasts hold true.

3. Decentralized country (MANA)

Decentraland continues to attract attention for its unique approach to real estate and digital experiences. Users can purchase virtual land, create interactive spaces, and engage in economic activities using its native token, MANA. The platform functions as a decentralized ecosystem, allowing participants to shape its development and governance through token-based voting.

MANA is the primary means of transaction, including land purchases and market activities. Recently, the price of the token increased significantly, increasing by 16.9% in 24 hours to $0.708. Decentraland’s market capitalization currently stands at $1.38 billion, with a daily trading volume of $935.23 million.

Its market dominance is measured at 0.04%, reflecting its niche role in the broader cryptocurrency market. Additionally, the growing popularity of the metaverse has driven its adoption, with businesses and brands hosting virtual events and creating branded experiences in Decentraland. This trend has strengthened its position as a major player in Web3 technology.

Analysts note positive indicators including MANA trading above its 200-day simple moving average and demonstrating strong market liquidity. Over the past month, the token has seen gains 21 days out of 30, signaling consistent performance.

Investor sentiment around Decentraland remains optimistic, supported by an “Extreme Greed” reading of 76 on the Fear & Greed Index. These measures suggest an environment favorable to both participation and speculation.

4. Best Wallet Token (BEST)

The token presale for Best Wallet’s cryptocurrency BEST has surpassed $2 million in funding. Initially, the campaign was limited to Best Wallet users through its “Upcoming Tokens” feature, which showcases and reviews new blockchain projects.

The presale is now open to the public, allowing non-users to participate in the token sale. Best Wallet is designed to work with major blockchain networks, including Ethereum and Binance Smart Chain (BNB), making it accessible to new and experienced cryptocurrency users.

In addition, the BEST token offers several practical advantages. Holders can benefit from reduced transaction fees, early access to new presales, better staking rewards, and voting rights to influence future wallet updates.

Step 16 of $BEST Presale ends soon! 🚨

Time is running out and the current pre-sale price won’t last much longer. The first buyers are already stacking their suitcases: will you be next? 👀

This is your chance to buy $BEST before the next price increase.

Download now 📲… pic.twitter.com/Z2mdRJvnzw

– Best Wallet (@BestWalletHQ) December 2, 2024

Currently, the price of BEST is $0.02290 per token, with an expected increase after the next presale phase, which ends in 22 hours. Best Wallet also offers a decentralized exchange (DEX) aggregator that analyzes over 50 blockchain networks and 200 decentralized exchanges to help users find optimal token swap rates, aiming to save time and reduce costs. costs.

Visit the Best Wallet Token Presale

5. Solana (SOL)

Solana has been integrated into the Crypto Life platform, enabling its use for payments at 90 million merchants worldwide. The Solana platform announced this development on its X Account. The integration emphasizes Solana’s fast transaction processing, low operational costs and the expansion of the decentralized financial ecosystem as the main reasons for this move.

Additionally, the platform has integrated with Uquid to introduce Solana’s native USDT transactions, allowing users to purchase various products. This development aligns with Solana’s growing adoption and infrastructure improvements.

Welcome CL Card — the card that lets you use Solana to pay IRL at over 90 million merchants worldwide 🌍

Integrated with Ledger Live and works with Apple Pay. pic.twitter.com/QCPdV0jHB0

– Solana (@solana) December 2, 2024

Solana market performance shows an upward trend. It is currently trading at $224.15, down 1.26% over the past 24 hours, but has gained 37.67% over the past 30 days. The token is 35.12% above its 200-day simple moving average of $166.07, indicating strong upward momentum. Analysts also highlight its high liquidity relative to its market capitalization.

The Fear & Greed Index further supports blockchain sentiment, which currently shows “Extreme Greed” at 76, reflecting strong positive sentiment among investors.

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