Here are five altcoins worth looking at in 2024 | Credit: Hameem Sarwar/CCN
Key Takeaways
- Horizen will undergo its first-ever halving in December.
- Kaspa’s hard fork will come into play on Dec. 1.
- Stacks will launch its sBTC crypto in the middle of next month.
- Cardano and Sui will unlock tokens in December.
With Bitcoin reaching new all-time highs earlier this month, it is probably not much of a surprise to learn that it isn’t altcoin season right now.
However, that doesn’t mean BTC will be the only crypto show in town in December.
Let’s look at five altcoins that might be worth watching in December 2024.
Horizen (ZEN)
The ZEN coin has existed since 2017. As one of the first crypto platforms to focus on zero-knowledge (ZK) applications, Horizen has become a location for developers to create their own ZK apps.
While ZEN is down slightly from its all-time high of $168.15, set in May 2021, it could be well worth a look over the coming month.
This is because Horizen will have its first-ever halving on Dec. 12 , reducing ZEN miners’ reward from 6.25 to 3.125.
We will have to wait and see how this will impact ZEN’s price, but it is still pretty important.
Kaspa (KAS)
The Kaspa (KAS) coin became prominent in late 2023 and early 2024 when it made headlines for its blockchain’s fast speed.
Reaching an all-time high of $0.2075 on Aug. 1 this year, it experienced a fallback over the following months but performed pretty well in November.
Investors will look at KAS’ performance in December as the blockchain undergoes a hard fork on Dec. 1.
This will see a change in the protocol , which will invalidate previously valid blocks or transactions as Kaspa aims to enhance its performance.
Also, it might be worth checking out whether the original blockchain generates a new coin of its own.
Stacks (STX)
Stacks is a protocol that aims to let people use the Bitcoin blockchain like they might use Ethereum. It enables users to utilize smart contracts, computer programs that automatically execute once certain conditions are met, to create their own applications.
The crypto had a pretty good early 2024, peaking at an all-time high of $3.84 on April 1. Even though the token has dropped since then, some pretty interesting news is on the horizon.
In December, it will launch its long-awaited sBTC , a programmable 1:1 Bitcoin-backed asset that enables the decentralized movement of BTC in and out of Bitcoin layers.
On Dec. 16, people can deposit BTC and mint sBTC. While sBTC’s performance would be worth watching, it might also be worth noting what STX does.
Sui (SUI)
SUI was launched in 2023, and perhaps appropriately for a crypto named after the Japanese water element, it has made a splash in the 18 months since then.
The coin uses what it calls horizontal scaling to allow transactions to take place simultaneously. It also features the ability to store assets directly on the blockchain, meaning that transactions are cheaper, at least theoretically.
It reached an all-time high of $3.93 on Nov. 17, 2024, and while it has fallen since then, there is some interesting news on the horizon.
On Dec. 1, 2024, SUI will unlock 64.2 million coins , representing 2.26% of its circulating supply.
Cardano (ADA)
Cardano is a blockchain that prides itself on basing its developments on computer research, publishing its reports in peer-reviewed papers.
Using two different layers, Charles Hoskinson’s platform came out in 2017 and has built up something of a rabid fanbase that has helped push Cardano’s ADA coin into the top 10 cryptos by market cap.
Investors and traders might want to take note of ADA in December because, on Dec. 1, Cardano will be unlocking 18.53 million ADA.
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