The crypto market is under pressure once again. The market has fallen by 1.81% in the last 24 hours. The main reason for this is the upcoming FOMC meeting and growing concerns about the Federal Reserve's potential 'hawkish rate cut.' Such a rate cut typically scares investors as it signals that the economy may be weakening.
Bitcoin is currently moving in almost the same direction as the stock market — its 24-hour correlation with the Nasdaq-100 is +0.81. The total crypto market cap is approximately $3.07 trillion, just above the critical support level of $3 trillion. If this level breaks, further declines may be seen in the market.
Even in this environment, some tokens are outperforming the market. Traders refer to such tokens as 'best crypto to buy now' because they are trending, have strong news behind their price, and investors are focused on them. Many investors are looking for the next 100x crypto or top gainers that can surge quickly when the market stabilizes.
Below are 5 tokens that are attracting the most attention this week:
1. Yooldo ( $ESPORTS )
Yooldo has outperformed the market and has risen by 3.71% in the last 24 hours. The main reason for this is Binance Alpha's second airdrop (December 4), where eligible users received 80 ESPORTS tokens. Most people chose to hold them rather than sell, resulting in trading volume more than doubling to $360 million.
Yooldo is a Web3 gaming platform that looks like an exchange but provides players with real digital ownership through NFTs and tokens. The ESPORTS token powers the entire ecosystem.
Gaming tokens are showing resurgence again, so many investors consider ESPORTS among today's top trending cryptos.
2. Allora ( $ALLO )
Recovery in ALLO has begun after its listing with KRW trading on Bithumb (the second largest exchange in South Korea). This listing has made it extremely easy for Korean retail investors to purchase the token, with trading volume increasing by 236% to nearly $90 million.
Allora is an AI-focused blockchain project that creates smarter results by combining the outputs of multiple AI models. Its developers have worked on major projects like Chainlink, LayerZero, and Consensys.
Due to the rapid growth of the AI sector, ALLO is becoming one of the top crypto investments this month.
3. Treasure ( $MAGIC )
MAGIC has surged by over 8% in the last 24 hours. The main reason is the completion of the initial funding round for projects linked to the Treasure ecosystem by BlackRock. This has boosted confidence in the market, and MAGIC has also broken significant resistance on the charts.
Additionally, listings on Niza.io and Gate.io have increased liquidity, attracting new buyers.
Treasure focuses on AI-based gaming and entertainment. Its products include AI agent technology, Smolworld, Bridgeworld, and AI Agent Marketplace. Tools like Neurochimp allow users to create AI agents that can talk, play games, and even trade on-chain.
Due to being at the center of AI + NFT + gaming, MAGIC is considered a top crypto gainer in the market recovery.
4. Power Protocol (POWER)
POWER Protocol has been the strongest performer this week. It has risen by over 223% in 7 days. As Bitcoin and Ethereum fell, investors shifted towards smaller and high-potential altcoins.
Airdrops from Binance Alpha have also increased enthusiasm for this token.
POWER drives a large entertainment ecosystem that includes games like Fableborne, AI-based products, on-chain rewards, and tokenized activities.
Due to low market cap and high trading volume, some investors consider POWER a potential '100x crypto' — although the risks are also high.
5. Terra (LUNA)
LUNA surprised everyone and surged 42% in a single day. This spike followed the Terra Chain v2.18 network upgrade, which improved speed and stability.
Large exchanges like Binance have temporarily halted deposits/withdrawals to support this update — signaling technical strength.
Additionally, 1.57 billion LUNC tokens were burned last week, and discussions have increased due to Do Kwon's court hearing (December 11).
These events have generated heavy trading volume, and short-term traders have quickly entered the market.
Due to its history, LUNA is risky, but it is still among today's top trending cryptos.
Who can make the next big breakout?
The market is near significant support levels, and everyone's eyes are on the FOMC announcement and the potential rate cut from the Fed.
In this scenario, investors are focusing on those tokens that are showing strength despite market volatility.
These five tokens are gaining traction due to reasons like new exchange listings, airdrops, AI utilization, technical upgrades, and strong trading activity.
If Bitcoin holds the $90,000 support and the total crypto market cap stays above $3 trillion, December could become a strong recovery month.
Until then, these trending tokens will remain in investors' focus and may become the best crypto to buy now when the market stabilizes.
Disclaimer:
This article is for informational purposes only. Always do your own research before any investment.
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