Top 5 Altcoins to Monitor in December

Chainlink (LINK) Staking Allows Early Entry

Chainlink (LINK) has launched its staking v0.2, allowing early entry for existing v0.1 LINK stakers. The public will be able to stake on Dec. 11. The price of LINK has fallen from its high of $16.58 but has since increased, supported by the Relative Strength Index (RSI). If the price continues to rise, the next resistance level is at $18.30.

ImmutableX (IMX) Releases New Mainnet

ImmutableX (IMX) is launching its mainnet in December after successfully upgrading from Polygon Edge to Geth in November. The IMX price has increased and is expected to find support at $1.20. If it bounces, it could reach the next resistance level at $1.60.

NEO Upgrades Mainnet

NEO upgraded its testnet in November and will upgrade its mainnet on Dec. 4. Despite a decrease in price, NEO trades above the main support area at $10. If it bounces, it could move upwards and reach the resistance area at $14.50.

MultiversX (EGLD) Stakers Vote for Governance Proposal

EGLD stakers are voting for a protocol governance proposal that features upgrades such as optimized consensus signature checks and advanced voting. The EGLD price broke out from a descending resistance trend line and is expected to find support at $43. If it resumes its ascent, it could reach the next resistance level at $63.

KAVA Concludes December Altcoins to Watch

KAVA is set to launch KAVA 15 on Dec. 15. The price of KAVA has increased since breaking out from a descending resistance trend line and is expected to find support at $0.70. If it continues to rise, it could reach the next resistance level at $1.

Hot Take: Altcoins to Watch in December

Chainlink (LINK), ImmutableX (IMX), NEO, KAVA, and MultiversX (EGLD) are all altcoins with interesting developments lined up in December. These developments could have an impact on their prices. Chainlink has launched its staking v0.2, while ImmutableX is releasing its mainnet. NEO is upgrading its mainnet, and EGLD stakers are voting for a governance proposal. Finally, KAVA is set to launch KAVA 15. Keep an eye on these altcoins as they could see significant price movements in the coming month.