5 Altcoins to Watch as Trump's Victory Fuels the Potential for an Unprecedented Crypto Bull Market

The price of Bitcoin skyrocketed nearly 8%, setting a new all-time high above $75,000 — a record-breaking move that has invigorated investors.

As the year draws to a close and the cryptocurrency market experiences a wave of enthusiasm, a select group of altcoins is poised for significant growth before the end of December. Here are five altcoins to watch as they prepare for an unprecedented bull market.

A Small Stake in XYZ Could Turn Into a Big Reward

XYZ, the first meme coin with a thrill of sports, steps into the crypto ring, delivering knockout punches against lackluster coins, speculative schemes, and dubious projects. As the first all-sports-focused meme token, XYZ has braved the bear market and emerged stronger, aiming for massive growth as it sets its sights on dominating the 2024 meme coin scene.

Massive Support from Sports Fans

XYZ is building a complete sports ecosystem within XYZVerse, where sports enthusiasm meets meme coin energy. With a roadmap featuring entertainment dApps, XYZ is ready to attract millions eager to get in on the action. XYZVerse is poised to make its mark in the crypto space, offering holders the chance to benefit from meme coin hype and the global passion for sports.

The Meme Coin Supercycle Is Back

Riding the wave of the growing sports betting niche, XYZ is primed to become the next big meme coin. The presale plan allows for a growth of 19,900% before TGE, so XYZ is poised to outperform previous sensations like BOME’s 5,000% leap and WIF’s 1,000% rally. Now undervalued, XYZ offers early investors the chance to secure their position in a coin set to break records.

Community-Driven for a Strong Finish

XYZVerse will empower its community to shape the ecosystem, with active contributors rewarded in XYZ tokens. With strategic tokenomics, planned CEX/DEX listings, and ongoing token burns, XYZ is positioned for a powerful run, sustaining value and fostering a vibrant, engaged community.

Ethena (ENA)

Ethena (ENA) has recently made notable strides in the cryptocurrency market. Over the past week, its price has increased by 13.50%, and in the last month, it surged by 46.04%. Despite these impressive short-term gains, ENA is still down by 51.94% over the past six months, highlighting a significant recovery from previous lows.

Currently trading between $0.30 and $0.39, ENA is approaching its nearest resistance level at $0.44. Breaking through this point could pave the way toward the second resistance level of $0.5295. On the support side, the nearest level is at $0.26, with a secondary support at $0.1761. The 10-day Simple Moving Average stands at $0.42, slightly above the current price range, while the 100-day SMA is $0.36.

Technical indicators reflect a strong momentum for ENA. The Relative Strength Index (RSI) is at 77.38, and the Stochastic oscillator reads 89.46, both suggesting overbought conditions. The MACD level is positive at 0.0179, indicating upward momentum. These figures suggest that ENA has the potential to continue its upward trajectory, especially if it surpasses the upcoming resistance levels.

Hedera (HBAR)

Hedera (HBAR) has experienced some notable shifts recently. Over the past week, its price has decreased by 1.41%. In the last month, it saw a larger drop of 9.89%. The most significant change is over the past 6 months, with the price falling by 56.14%. Currently, HBAR is trading between $0.0394 and $0.0491.

The technical indicators present a mixed outlook. The Relative Strength Index (RSI) stands at 54.82, suggesting a neutral market sentiment. The Simple Moving Average over 10 days is $0.0489, slightly higher than the 100-day average of $0.0448. This could indicate a potential upward movement. The MACD level is 0.000652, pointing to minimal bullish momentum. The Stochastic oscillator at 19.44 suggests the coin might be approaching oversold territory.

Looking ahead, HBAR faces immediate resistance at $0.0549. Overcoming this could lead to the next resistance level at $0.0647. This would represent increases of approximately 12% and 32%, respectively, from the current price range. On the downside, the nearest support is at $0.0354, and a drop to the second support at $0.0257 would mean declines of about 10% and 35%. These levels indicate that HBAR could see significant movements

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