Christmas seems to have come early for Bitcoin and Ethereum bears, as both leading crypto assets have dipped over the last several days. BTC has fallen by almost -13% since December 17, while ETH has dropped by a similar amount at approximately -15%.

Most altcoins have suffered more challenging fates, with many tokens dropping by -30% or more in recent days.

However, as the saying goes, it’s time to buy when there’s blood in the streets – and this is also a key time to find strongly-performing cryptos that continue thriving, even while the market panics. PENGU (the official token of the Pudgy Penguins NFT project) and SPX6900 (a meme coin that satirises the S&P 500) are two such examples.

Both meme coins have seen strong rises on the daily charts, while another new token called Wall Street Pepe is turning heads having just hit the $35 million mark in its ongoing presale.

More Success Incoming for PENGU?

Building on the incredible global success of the Pudgy Penguins NFT collection (a crypto-native project that’s turned into a mainstream entertainment brand), the PENGU token has been subject to some controversy. As soon as the token launched on December 17, the floor price of the Pudgy Penguins NFT collection plummeted by over 50%, wiping out the huge price gains the collection had made since the early days of this month:

As the value of NFT collections is partly dependent on exclusive access to a brand, and the introduction of the PENGU token now means that anyone can invest in Pudgy Penguins at a more accessible price level, this precipitous dip is understandable.

However, the PENGU token is making significant moves in the right direction, breaking out of a descending triangle chart pattern. PENGU is up over 30% in the past 24 hours alone.

As we’ll see in the price chart below, the key resistance level for PENGU ($0.07) is approximately double the token’s current price:

This looks like the start of a potential rally for PENGU, which is already a fantastic achievement under current market conditions. Time will tell exactly where the price action goes from here, but at least PENGU holders haven’t been left out in the cold.

The $PENGU prophecy roadmap

I don’t make the rules ‍♂️

GCR does pic.twitter.com/3O3lttbXHB

— Lord Durden (@LordDurden) December 23, 2024

SPX6900 Also on the Up

While PENGU does its best to take off, SPX6900 is continuing to consolidate while bullish signals begin to emerge. The token is up over 20% in the past 24 hours, but the big picture is best indicated by the chart below:

Symmetrical triangle chart patterns are usually considered ambiguous rather than bullish – but in this instance, we can see a recent deviation below the green diagonal support line. This indicates a bullish resurgence, which catapulted the price into its biggest pump since late November.

Buy and Hold #SPX6900

It still has 200x in the tank

Yes I am serious

Put 3-5% of your portfolio in it and Hold for 1 Year

Will outperform 99% of your gambles with Way less Stress

Thank me later pic.twitter.com/1hvMYOUKVe

— Murad (@MustStopMurad) November 27, 2024

Since that deviation point, the SPX6900 price has remained volatile, undergoing yet another dip, followed by another pump. This is definitely not a token for the faint of heart, but many investors and traders will still find it preferable to the bearish price action currently afflicting most of the crypto market. $1 remains the most vital resistance point for SPX6900 investors to target – and if we zoom into a lower time frame, we’ll find another interesting insight:

Even on the one-hour chart, SPX6900 has formed another symmetrical triangle that indicates bullish strength. The price is also consolidating below a potential breakout level – and the current chart pattern has a deadline to resolve itself by exactly the point where 2024 ends and 2025 begins, right down to the hour of midnight.

While SPX6900 remains volatile, an interesting meme coin presale has emerged in recent weeks that some investors have been quick to pour into.

Wall Street Pepe Presale Hits $35M – Next Breakout Meme Coin?

While so many crypto traders and investors have been struggling against the market in the past couple of weeks, Wall Street Pepe ($WEPE) has been breaking records. Its recently launched presale has hit $35m in around just 3 weeks, making it one of the fastest-growing ICOs right now.

This unique new meme coin project will give token holders access to special trading insights, strategies, and alpha calls that could increase their chances of making better investment and trading decisions.

By joining the WEPE community, everyday traders – usually considered the “fish” at the mercy of large whales and major institutions – can become empowered and equipped with everything they need to get ahead and win.

Token holders will also be able to enter weekly trading competitions, join the WEPE Army (a private group of insiders), and stake their WEPE tokens to generate passive income with impressive APY rates (currently 37%).

Frog meme coin projects like Pepe and Turbo have already achieved explosive success, and many investors seem to believe WEPE might be next.

Visit Wall Street Pepe Presale

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Litecoin has had an impressive rally this year, surging by almost 50%. The latest market crash, however, briefly dragged the altcoin below $87. The selling pressure has since subsided as Litecoin currently trades above $107.

Underpinning its price trajectory is the strong network growth.

Litecoin Network Engagement Soars

Litecoin’s network activity has witnessed a notable surge. In fact, data compiled by IntoTheBlock revealed that the average daily active addresses rose to 401,000 compared to 366,000 in 2023. Meanwhile, network activity peaked in early January, reaching an impressive 1.37 million active addresses in a single day – surpassing the daily activity of both Bitcoin and Ethereum at the time.

This spike demonstrated the protocol’s growing utility and user engagement amidst a bull season in the crypto industry.

Litecoin has also exhibited long-term investor confidence, as evidenced by data revealing that 53.9% of all LTC ever mined has been held without moving for more than a year, indicating that a large portion of its supply remains off the market.

Furthermore, 85.8% of all LTC has been held for over a month which highlighted a preference for sustained ownership among investors. The average hold time per LTC stands at 2.4 years, suggesting that many holders are not only committed but also view it as a long-term investment.

What’s Next For Litecoin?

One crypto analyst predicted that Litecoin could break its previously established ATH and reach $500 in the ongoing bull market.

While acknowledging that its growth trajectory may appear slow compared to other crypto assets, he highlighted its strong fundamentals and historical resilience as key drivers for upward momentum

Another one drew comparisons between Litecoin’s current market behavior and its performance during the 2017 bull run and suggested that history could be on the brink of repeating itself. The cryptocurrency appears to be showing promising signs of breaking out from its ongoing consolidation phase, with both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators signaling bullish momentum.

These technical signals indicate that the crypto asset could be gearing up for a surge, positioning it as a potential “dark horse” in the next crypto rally.

The broader crypto market is slightly recovering after its market cap dropped from $3.77 trillion to $3.13 trillion between December 17th and 20th.

Today, the crypto market cap stands at $3.31 trillion, but Hedera (HBAR) and Bitget (BGB) are some of the few tokens that stand out in a sea of red. Both are up over 20% in the last day.

However, established coins lack the explosive potential of tokens that are gearing up for launch, and Best Token (BEST) is grabbing attention as its presale gains momentum. With over $5.5 million raised and a unique role in Best Wallet’s ecosystem, it stands a solid shot at making significant gains on launch.

Bitget Secures a Strategic Partnership With TRON, Hedera Seeks to Transform Consumer Engagement

Bitget is already a top-tier exchange with a customer base of more than 45 million users and a daily volume that exceeds $10 billion. Its native token, BGB, is now recording new highs following a strategic partnership with TRON, which revolves around TRON’s meme coin launchpad, SunPump.

The partnership will see Bitget’s support for projects launched on SunPump, such as expedited listings and post-listing marketing, which can increase the visibility of these coins and allow Bitget’s users to invest in them.

The news led to an explosion in BGB’s price, which had a rough week that saw it plummet from $4.87 to $3.66 amidst the market-wide downturn. Today, BGB reached a new ATH at $4.97, and its technical indicators signal it could keep the momentum.

BGB is up 22% in the past day and over 214% in the last month.

With its 50-day Simple Moving Average (SMA) at $2.09 and 200-day SMA at $1.31, Bitget seems ready to make further short-term gains.

We have partnered with SunPump @sunpumpmeme, the memecoin fair launch and trading platform on the TRON network @trondao.

The collaboration aims to foster a plethora of opportunities for groundbreaking projects and community-centric initiatives.

Detailhttps://t.co/om4KdEbe4w

— Bitget (@bitgetglobal) December 20, 2024

HBAR was one of the few altcoins that missed the market-wide rally in November following the US Election Day, but it saw its price skyrocket in early December when it reached a one-year high at $0.3891.

Although its price dropped since, entering this week at $0.2898, HBAR is now priced at $0.3112, following a presentation by Xiang Xu, Mondelez’s leader for digital strategy and blockchain, which outlined the company’s goal to leverage Hedera as they take a step toward a digital transformation.

HBAR is now up 131% over the past month.

Mondelez Internation is a company that owns brands like Oreo, Cadbury, and Tang and is a member of the Hedera Council.

Xiang Xu, Global COE Leader, Digital Strategy Blockchain @MDLZ explores the motivations behind Mondelēz joining the Hedera Council and how they are leveraging #Hedera to transform consumer engagement and build decentralized solutions for tomorrow’s digital economy. #HelloFuture pic.twitter.com/5AhlxyF0eZ

— Hedera (@hedera) December 23, 2024

HBAR’s sudden soar that defies the bearish market can be attributed to its increased visibility following the interview, which is likely drawing retail investors to the ambitious project.

Best Wallet Token a Smart Play for 2025 Altcoin Season?

As BGB soars, another platform utility token that’s catching eyes is BEST token, the native coin for Best Wallet.

Best Wallet is a rapidly growing Web3 wallet that’s leveraging its cutting-edge security and interesting features to achieve its goal of capturing 40% of the non-custodial wallet market by the end of 2026. The wallet already has over 100,000 monthly users despite being relatively new, and has now launched its BEST token presale and already raised over $5.5 million.

Join the $BEST Token Presale!

Stack your $BEST today and lock in the lowest price before it’s gone. Available now on our official website and Best Wallet app.

Every moment counts – don’t miss out!

Download now! https://t.co/AALEwrMCmn pic.twitter.com/975cKh0jLr

— Best Wallet (@BestWalletHQ) November 25, 2024

Currently, the wallet lets its users swap tokens across 50+ chains using its Best DEX feature, access presales in their early stages with Upcoming Tokens, use multiple wallets, and more. The project’s roadmap reveals Best Wallet’s intentions to add derivatives trading, a crypto debit card, an NFT library, a staking aggregator, and numerous other features as it expands.

Those holding BEST will enjoy various benefits, including lower transaction fees on Best DEX and Best Card, and exclusive alpha access to upcoming presales/

To maximize their returns, investors can earn additional BEST by staking their tokens and participating in Best Wallet’s airdrop campaign. The project’s staking APY currently stands at 405%, and participating in the airdrop campaign requires investors to interact with Best Wallet’s X (Twitter) page and complete daily and seasonal quests.

According to an audit by Coinsult, there are no critical threats to investor funds, and with 10% of its total token supply allocated to liquidity, BEST is reducing the risk of market manipulation, fostering a safe trading environment.

Investors don’t have long to secure BEST at its current price of $0.23325, as it is scheduled to increase tomorrow.

Visit Best Token Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.