The Bitcoin (BTC) market has started the first proper trading day of December on the back foot amid fears the US government might be about to dump tokens, though Bitcoin remains a strong candidate for best crypto to buy now.
That’s because, in every December that followed a positive November since 2015, Bitcoin has always gone on to post a double-digit monthly percentage gain.
While a supply dump from the US government may have dampened sentiment so far this month, risks remain titled towards a breakout above $100,000 before the year’s end.
That’s because the incoming Trump administration and Republican-controlled Congress is expected to usher in a new golden age of pro-crypto policy in the USA, which could potentially include the establishment of a national bitcoin reserve.
Its no surprise that institutional investors piled into Bitcoin ETFs at a record rate in November.
For investors new to the crypto space, Bitcoin is a strong candidate for best crypto to buy now.
But for more experienced crypto investors, altcoins may offer a better risk reward.
After all, the unfriendly policy stance of the Biden administration and government agencies over the past few years hurt altcoins the most, so a shift to a pro-crypto policy stance means they have the most to gain.
The market cap of the altcoin market minus Bitcoin and Ethereum was up a staggering 60% in November, with XRP (XRP) a notable leader.
Indeed, XRP’s rally has continued into December, with the crypto up another 40% in the past 24 hours to a price around $2.70.
That means XRP is up a staggering 430% in the past 30 days, reaching a market cap of more than $150 billion, ranking it as the third largest crypto behind only BTC and ETH.
However, many might feel they have missed out on the XRP move, and that it isn’t the best crypto to buy now.
Here are some other strong-performing altcoins that may offer more near-term upside potential.
Best Crypto to Buy Now – Which Are They?
Hedera (HBAR)
Data-focused blockchain Hedera (HBAR) is up a stunning 50% in the past 24 hours per CoinMarketCap. Last at $0.29, it is up around 7x from its November lows.
However, it is yet to test its 2021 highs in the $0.57 area. A further 2x gain to this area is likely in the weeks ahead followed by potential explosive price discovery.
That’s why HBAR could be the best crypto to buy now for those looking for a highly volatile coin.
Kaia (KAIA)
Asia-focused layer-1 blockchain protocol Kaia (KAIA) is another strong performer, surging a stunning 45% in the past 24 hours on Monday per CoinMarketCap.
The relatively new crypto was last trading around $0.3650, giving it a market cap of just over $2 billion.
But if it really does gain traction in the Asia market, it could easily become a $10 billion market cap coin, suggesting 5x gains are in the offing, suggesting its a candidate for best crypto to buy now.
IOTA (IOTA)
Internet of Things-focused blockchain IOTA (IOTA) is another altcoin on the front foot, gaining 28% in the past 24 hours according to CoinMarketCap.
Last at $0.38, IOTA is coming close to retesting its 2024 highs. But the market’s unstoppable momentum suggests a breakout is likely, and many investors will be eyeing a 5x rally back to 2021 highs above $2.0.
As this altcoin season heats up, IOTA could be one of the best cryptos to buy now. That said, some highly risk-tolerant crypto investors looking for even larger upside potential may prefer to invest in meme coins.
One of the best ways to secure 20x or greater gains in the meme coin space is by getting into a new meme coin before it really starts to trend.
And one of the best ways to do this is to get involved in meme coin presales. Analysts at cryptonews.com keep a close eye on the meme coin presale market for high-potential projects.
Here are some of their top picks right now.
19 Best New Meme Coins to Buy in December 2024
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