The post Hyperliquid (HYPE) and Sui (SUI): Key Altcoins to Monitor for Potential Growth in December 2024 appeared on BitcoinEthereumNews.com.

As 2024 comes to a close, altcoins like Hyperliquid, Sui, and Fantom are gaining attention for potential upward movements in December. Major token unlocks and upcoming upgrades are creating a favorable environment for price rallies among these cryptocurrencies. In the words of market analysts, “December has historically been a buoyant month for crypto, and this year could see prices soaring.” Explore the top altcoins to monitor this December 2024, featuring their recent performances and upcoming events that could impact their prices. Hyperliquid (HYPE) Leading the charge this December is Hyperliquid (HYPE), which has made headlines for its impressive launch. Since debuting just a week ago, HYPE’s price has skyrocketed over 200%, now trading at approximately $9.51 without the backing of any centralized exchange listings. This unusual scenario highlights the high demand and trading volume, which is likely to fuel further growth. The absence of a centralized exchange often leads to higher prices due to pent-up demand from traders eager to own the asset. In December, HYPE is anticipated to maintain its momentum, possibly targeting valuations above $10 as investor interest continues to grow. Sui (SUI) Sui (SUI) is another altcoin capturing attention as it approaches a significant $210 million token unlock. The asset has demonstrated resilience, with a remarkable 75% surge over the past month. Historically, such unlocks can lead to volatility, but SUI has shown strong patterns of recovery and price appreciation post-unlock. Currently priced around $3.40, analysts suggest that SUI has the potential to rise towards $4.40 in the coming weeks, provided that market conditions remain favorable. However, if increased selling pressure emerges, a more bearish scenario could see prices retreating to $2.38. Fantom (FTM) Fantom is poised to make headlines with the upcoming Sonic upgrade expected to launch this month. This upgrade promises enhanced network throughput, contributing…

---

Filed under: News - @ December 1, 2024 9:20 am