A December with Green Candles
If BTC in October and November ended with green candles, December tends to do the same. The whole market usually follows suit to what Bitcoin does, so December has all the markings for showing a green candle at the end of this month.
Four Altcoins to Watch in December
1) Illuvium (ILV)
The gaming sector is bound to boom, and blockchain gaming will grow as well. Illuvium is a promising project in this space. They recently launched their Beta on the Epic Games Store, a distribution service for digital video games. The game received a high score from gamers who played it. Illuvium has also seen a significant increase in price over the last 30 days, and with blockchain gaming ready to take off, it has the potential for further growth.
2) Chainlink (LINK)
Chainlink is another altcoin to watch in December. The upcoming release of Chainlink staking v0.2 could lead to an upward trend for the LINK token. This new version brings greater flexibility, improved security guarantees, and a modular architecture that supports future improvements. Staking v0.2 may attract more investors and contribute to LINK’s price growth.
3) Polygon (MATIC)
Polygon has been making waves throughout 2023 with constant updates and partnerships. Two big events are coming up in December: Polygon Connect and a public demo of their next-generation ZK product. These events could boost MATIC’s value, especially considering the growing interest in tokenizing real-world assets.
4) ImmutableX (IMX)
ImmutableX is planning a zkEVM mainnet launch in December or January. They already have over 50 games lined up for this new chain. The price of IMX has performed well in November and could continue to rise in December. Additionally, ImmutableX will upgrade the chain to become an appchain in 2024, which will increase throughput and scalability.
Hot Take: Altcoins with Potential
In December, keep an eye on Illuvium, Chainlink, Polygon, and ImmutableX. These altcoins have shown promising developments and have the potential for significant growth during the month. As always, do your own research and make informed investment decisions.
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