The coming month, December could be a game-changing month for the crypto market, as it indicates a strong rally. Some tokens have already gained the investor’s attention and become one of their top picks. Here we have listed 5 tokens that are anticipated to achieve 50x gains during the upcoming altcoin season. The recommendations have been given after carefully analyzing every token’s potential for growth. As per our analysis, the top contenders that have the potential for explosive growth are Cardano, Floki, Polkadot, Solana, and Ponke. This article will help you to understand why these five tokens are worth trying. Read the complete article before investing, hope you can receive massive returns from small investments.
Cardano ($ADA)
Cardano pays attention to its sustainability and scalability which is why it is one of the top five picks. This is a proof-of-stake (PoS) blockchain platform that allows decentralized applications (dApps) and encourages smart contracts to flourish with modularity. The central part of the ecosystem, ADA permits users to participate in the operation of the network.
Over the past week, the price has risen by more than 51%, and 71% in the past month. It shows a price range between $0.639 and $0.73. It shows steady growth, and it is visible from the 10-day and 100-day simple moving averages. The relative strength index is close to 66 indicating a robust growth potential. The next resistance level is marked at $0.96 if it is broken and targeting the second resistance at $1.20, which would show a notable growth.
It is anticipated that Cardano’s innovative solution and string ecosystem will contribute to the potential growth and success before 2025. This implies Cardano is one of the best options to achieve 50x gains during the upcoming altcoin season.
Floki Inu (FLOKI)
Floki shows promising growth potential in the future. We can just look at some values to validate the growth of Floki. Trading between $0.0001403 and $0.00016963, Floki is approaching the resistance level at $0.0001810. If the resistance is raised to $0.0002099, that signifies a notable increase in percentage. It shows a relative strength index of below 40, which typically means the coin is oversold and indicates growth. While we closely monitor 10-day and 100-day simply moving averages, you can see Floki comes closer. Everything adds to the common point and makes it one of the best choices.
Polkadot
Polkadot has shown notable growth in its price recently. Over the past week, Polkadot’s price has upsurge by 18.23% and 11.79% in the past month. It is currently trading within the $4.12-$5.92 range and shows an upward trend. $6.6 is the nearest resistance level, and targeting the second resistance $8.4, shows a 40% increase from the current level. The relative strength index of 51.49 shows there is a chance for future growth. This is definitely a considered Polkadot.
Solana (SOL)
Solana’s growth is anticipated from its price. The price ranges between $171.70 and $231.97. In the last month, it has shown a strong upsurge with 37.73%. The nearest resistance level is at $253, and if it aims at the second resistance at $314, this means a strong upward momentum. The relative strength index is 52.66 which signals future growth. Even though now the MACD level is showing a negative trend, the recent 8.48% increase in the past week indicates bullish sentiment. If this trend continues, remarkable growth can be witnessed in the near future.
Ponke (PONKE)
Ponke indicates an accelerating nature. The price is oscillating between $0.38 and $0.47. The nearest resistance level is marked at $0.52. The relative strength index is 38.57 and stochastic at 17.48, this means the coin is oversold and thereby leads to potential growth. While analyzing the last six months, it is visible that, Ponke has accelerated over 300%, and recent weekly and monthly growth results in bullish sentiment. The nearest resistance level is at $0.52, if it tries to break it and targets the second resistance level at $0.61, it will lead to a significant upsurge. After careful examination, without any doubt, we can say that Ponke might be gearing up for a substantial rally during the upcoming altcoin season.
Also Read: Spectral Price Prediction 2024 & 2025: Market Trends & Forecast
Final thoughts
The upcoming altcoin season presents an exciting opportunity for investors with top five tokens like Cardano, Floki, Polkadot, Solana, and Ponke assured for significant growth. Cardano became one of the choices because of its commitment to innovation and scalability, on the other hand, Floki’s meme culture and growing utility were the major reasons for gaining the attention of investors. Polkadot aims at interoperability and continues to revolutionize cross-chain capabilities, which makes it the best choice. Solana has become one of the favorites for its high-speed and low-cost network positions, whereas Ponke’s unique value proposition and rising adoption rate indicate a possibility of massive returns.
The recommended tokens have the potential to grow because of their increased use and dedicated communities. The uncertainty of the crypto market can be tackled by staying vigilant and distributing investments across different coins. As the altcoin market evolves, there is a high possibility of receiving great returns if you invest wisely.