Alt season in December 2024 was a period of active growth in the value of many altcoins. Some of them are showing a significant strengthening due to the development of technology, the expansion of the ecosystem and the general growth of interest in Web3 and DeFi. Let's take a look at some of the top coins this season.

1. Decision $ARB

Arbitrum is known to make a significant contribution to the scaling of Ethereum, gaining popularity while maintaining a stable growth of activity in DeFi projects. Recent data shows the coin has increased in value by more than 9% in just one day, and RSI indicators point to strong demand among investors.

2. dYdX $DYDX

The dYdX platform, which specializes in derivatives in DeFi, has shown an incredible increase in trading volume of more than 2000% in a day. The DYDX coin increased its value by 28% (data as of November 21), and its prospects draw attention to the growing demand for decentralized financial instruments.

3. Immutable X $IMX

Immutable X is focused on NFT development and will benefit from the growing interest in Web3 games. Its ecosystem attracts creators with low fees and scalability, making IMX one of the main players in the current altseason.

Why are these coins growing?

  • Technological updates: Altcoins are actively implementing new features aimed at increasing transaction speed and reducing costs.

  • Popularity of Web3 and DeFi: The expansion of these ecosystems is driving interest in a platform that offers specific solutions.

  • Investors: Altcoins have the support of large investors (whales), which increases the active interest of other market players.

The 2024 offseason highlights the importance of adapting to market trends. Investors who analyze the prospects of projects can see great opportunities in these coins, but it is worth remembering the risks of the market.

The article was written based on materials from thecurrencyanalytics, encoinotag, techpointafrica.

Always remember the rule of DYOR or doing your own research!

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