The final month of the year has historically been strong for the crypto market, and December 2024 is expected to continue that trend, especially for altcoins. BeInCrypto has highlighted key altcoins to watch as the year wraps up.

This list focuses on cryptocurrencies with major events in December that could impact their prices. While some altcoins lack such drivers, these standout picks are the ones to keep an eye on this month.

Hyperliquid (HYPE)

Top of the list of altcoins to watch in December 2024 is Hyperliquid (HYPE), the token of the Layer-1 blockchain that launched about one week ago. Since launch, HYPE’s price has increased by over 200% despite distribution rewards in airdrops to some of its early users. 

At press time, HYPE’s price had risen to $9.51 despite not being listed on any Centralized Exchange (CEX). In most cases, when altcoins like this launch without a CEX, demand is higher, and hence, the price can increase.

Therefore, considering the millions in volume that HYPE is doing daily, its price is likely to rally in December, making it one of the 5 top altcoins to watch before the year closes.

Sui (SUI)

Market observers may not be surprised to see SUI ranked as one of the altcoins to watch in December 2024. Over the past few months, the token has consistently ranked among the best-performing cryptocurrencies, surging by 75% in the last 30 days.

The excitement around SUI stems largely from today’s scheduled $210 million token unlock. While such events often trigger volatility and increase supply, SUI has historically shown bullish price action in the weeks following an unlock.

Therefore, If history is any guide, SUI could deliver another st

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Author: Victor Olanrewaju