Best Crypto to Buy Today December 29 – Kaspa, Bonk, Sei
Cryptocurrency markets are unsurprisingly choppy on the final Friday of 2024, as massive option expiries trigger waves of unpredictable buy and sell pressure as market players hedge themselves and reposition ahead of the new year.
Bitcoin options worth around $11 billion expired today, as per data presented by The Block, a new all-time high.
Bitcoin (BTC) was last trading around $42,000, down about 1.5% in the past 24 hours as per CoinMarketCap, while Ether (ETH) was last around $2,300, down around 2.5% over the same time period.
Conditions across major altcoins are mixed, with Solana (SOL) up 4.5% in the $103s, BNB (BNB) down 6.5% and Cardano (ADA) down 2.5%.
Traders are looking ahead to key drivers in 2024 that include potential near-term spot Bitcoin ETF approvals in the US, Ethereum’s Dencun upgrade, the Bitcoin issuance rate halving, the prospect of the start of a new Fed interest rate cutting cycle, US elections and further developments in various major crypto lawsuits, including the US SEC vs Ripple and the US SEC versus Binance and Coinbase.
Ahead of 2024, here are some of the best crypto’s to buy today.
$KASPA bulls have regained control in the past two days after the price broke to the north of a downtrend that had been in play since early December.
The cryptocurrency was last trading around $0.12 and probing a break to the north of its 50 and 21DMAs, which could open the door to a quick push higher towards this year’s all-time highs in the $0.155 area.
Longer-term, $KASPA’s chart structure remains highly bullish, with the 2023 uptrend still strongly intact.
For those with a strong risk tolerance, investing in promising up-and-coming web3 project by buying into their token presales is one good way to generate
