November has followed the 2022 sentiment for Crypto markets. Most major currencies are still at yearly lows, with Bitcoin (BTC) barely above its 2-year low point. Nonetheless, with the last month of 2022 upon us, let us take a look at some of the projects to keep an eye on.
Top Crypto Projects to watch in December
Bitcoin (BTC):
The original crypto has taken a massive beating over the year. BTC is down 75% from its all-time high just over a year ago. Moreover, miners are facing the brunt of the drop in BTC prices and have been selling aggressively as we enter miner capitulation. Additionally, the US Federal Reserve is anticipated to raise interest rates again in December. The hike might cause another cascading effect for the original cryptocurrency. Nonetheless, this does present an opportunity for new investors to buy their way into the industry.
At press time, BTC was trading at $16,899.07, up by 2.5% in the last 24 hours.
Shiba Inu (SHIB):
SHIB is one of the most popular crypto projects out there. The project is on the verge of launching its layer-2 network Shibarium. The launch was scheduled for Q3 2022 but was pushed due to development delays. However, it was said that Shibarium would debut sometime later this year. Therefore we might see the launch of SHIB’s much-awaited layer-2 network in December, or at least the documentation for the same. The launch might lead to some positive price action for the token.
At press time, SHIB was trading at $0.00000926, up by 0.4% in the last 24 hours.
Fantom (FTM):
Fantom (FTM) is currently one of the best-performing crypto projects. The token is up 36% in the weekly charts. The latest rally follows Andre Cronje’s blog outlining how the project has remained cash-flow positive throughout the years. Furthermore, users are awaiting the launch of the Fantom Virtual machine (FVM), which could further help the project’s performance.
At press time, FTM was trading at $0.240212, up by 9.9% in the last 24 hours.