News 
December 17, 2024 
4 min. 
The cryptocurrency market continues to be abuzz as 2024 draws to a close. Among the many altcoins available, some stand out for their strong potential for appreciation. Factors such as technological innovations, institutional adoption, and important launches make these cryptocurrencies promising for attentive investors.
Check out the three altcoins you need to monitor in the coming weeks below.
1. Solana (SOL)
Solana is emerging as one of the main altcoins on the market, with an impressive appreciation throughout the year. The network is known for its speed and low cost of transactions, making it a favorite for developers of decentralized applications (dApps) and NFTs.
In recent months, Solana has seen a significant increase in transaction volume and adoption of its solutions. Notable projects such as memecoins and NFT marketplaces continue to attract new users to the network. Furthermore, recent partnerships with major companies have further boosted its visibility.
If the market maintains its bullish sentiment, Solana could retest resistance levels above $220. This scenario makes SOL a strong candidate to end the year on a high note.
2. Polygon (POL)
Polygon is another altcoin that deserves attention, especially for its innovative approach to scaling the Ethereum network. As a layer 2 (L2) solution, Polygon offers faster and more cost-effective transactions, which is essential for the growth of the Ethereum ecosystem.
Polygon recently announced new advancements in its zkEVM protocols, ensuring greater efficiency for dApps and DeFi solutions. In addition, the growing adoption by major companies, such as Meta and Starbucks, strengthens the network’s reputation.
POL’s performance continues to correlate with Ethereum’s movements, but continued developments could further boost the price. Analysts believe that Polygon could reach new heights in December.
3. Avalanche (AVAX)
Avalanche has been attracting attention due to its robust performance and focus on interoperability between blockchains. Its platform is one of the fastest on the market, offering support for smart contracts and decentralized finance (DeFi) projects.
The Avalanche network has recently seen an increase in developer activity and transaction volume. The launch of new partnerships and applications on the network has contributed to AVAX’s growth in 2024. In addition, Avalanche continues to expand its ecosystem through interoperable solutions, increasing its competitiveness in the market.
With the positive momentum in the crypto market, AVAX has the potential to record significant appreciation by the end of December.
Market expectations
The altcoins mentioned above have solid fundamentals and a favorable scenario for growth in the short term. Solana, Polygon, and Avalanche demonstrate resilience and innovation, attracting investors and consolidating their positions in the crypto market.
However, it is important to keep an eye on technical and macroeconomic developments that may influence the market. Volatility is still a defining characteristic of cryptocurrencies, but for careful investors, these altcoins offer significant opportunities.
