Crypto Markets Consolidate After Bitcoin Pump
Following a pump led by Bitcoin that saw the cryptocurrency reach new annual highs above $44,000, major cryptocurrencies are now consolidating.
This pump was driven by optimism surrounding the potential approval of spot Bitcoin ETFs and hopes for a dovish policy pivot from the US Federal Reserve.
If you’re looking to invest in altcoins, here are some of the best options available on December 7.
BitTorrent (BTT)
The BitTorrent (BTT) token experienced significant gains in the market, reaching new year and a half highs. This was fueled by optimism surrounding the news that the Tron network, on which BTT is issued, had surpassed 200 million users.
Although the token has pulled back from its highs, some investors may see this as an opportunity to add to their positions.
Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix is a decentralized Bitcoin cloud mining protocol that has raised over $5 million in funds from presale investors. It offers a way for investors to gain exposure to Bitcoin without having to wait for a spot Bitcoin ETF or purchase the coin directly.
Investors who buy BTCMTX can stake their tokens and earn non-transferable Bitcoin Minetrix mining credits. These credits can be exchanged for a share in Bitcoin Minetrix’s mining revenues. Staking rewards currently sit at around 120%.
Helium (HNT)
Helium (HNT) has been experiencing gains following the launch of its nationwide US unlimited mobile data plan. As risk appetite in the market increases, Helium could continue to outperform.
TG.Casino (TG)
TG.Casino is a Telegram-based crypto gambling platform that has seen significant success. Despite not finishing its presale, the platform has already raised over $3.5 million and has attracted over 2,450 players.
TG.Casino aims to simplify crypto gambling by leveraging Telegram’s user base and offers an opportunity for passive income through token staking.
Beam (BEAM)
The BEAM token, which powers the game development-focused beam network, has been experiencing gains in recent weeks. Its uptrend may continue following the integration of Immutable zkEVM into its gaming ecosystem.
Hot Take: Best Crypto to Buy Now
If you’re looking to invest in altcoins, BitTorrent (BTT), Bitcoin Minetrix (BTCMTX), Helium (HNT), TG.Casino (TG), and Beam (BEAM) stand out as some of the best options available on December 7.
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