Cryptocurrency costs held regular on Saturday, Dec. 14 because the latest consolidation continued.
Bitcoin (BTC), the largest cryptocurrency, remained above $101,382 finally test Saturday because it struggled to retest the all-time excessive of $104,000. VanEck predicts that the coin will rise to $180,000 in 2025.
Comfortable Cat (HAPPY), HyperLiquid (HYPE), and Virtuals Protocol (VIRTUAL) had been a number of the best-performing cash on Saturday.
Comfortable Cat worth rises after Uphold itemizing
HAPPY, which is a fast-growing Solana meme coin, rose by 35%, whereas HYPE and Virtuals jumped by 15% and 10%, respectively. The opposite high gainers had been tokens like Raydium, Ripple, Fantom, and Flare.
Comfortable Cat’s token rally was principally as a result of it was as a result of it was listed by Uphold, one of many greatest crypto exchanges within the business. Altcoins typically rally after being listed by large exchanges.
The danger, nonetheless, is that the variety of tokens on exchanges has rallied by 14% within the final seven days to over 464.95 million. A rise of tokens in exchanges is commonly an indication that traders are beginning to promote.
Hyperliquid community’s quantity is hovering
Hyperliquid jumped due to its sturdy fundamentals. The amount of perpetual contracts traded in its platfom rose by 33% within the final seven days to $37.62 billion.
This enhance introduced its cumulative whole to over $507 billion, a development that may proceed. Its quantity was additionally larger than that of Base, Solana, Ethereum, and Arbitrum, mixed.
Hyperliquid token additionally rose after it was listed in Sandwich, a fast-growing privacy-focused trade.
Virtuals Protocol boasts $2.5 billion market cap
Virtuals Protocol has additionally performed effectively, rising from $0.0074 to $2.61 right this moment, bringing its market cap to over $2.5 billion.
It has additionally change into one of many greatest gamers within the Base blockchain, helped by the continuing hype surrounding synthetic intelligence brokers.
Virtuals Protocol was created as a platform to deploy AI-powered digital characters on a Layer 2 Ethereum resolution.
These AI brokers can function independently and work together inside numerous ecosystems.
Wanting forward, the efficiency of most altcoins will rely on how Bitcoin performs within the close to time period. Most of them will proceed rising if Bitcoin retests and crosses its all-time excessive.
As now we have written earlier than, technicals level to a possible rally to $122,000 on this bullish cycle.