BTT, HNT, BEAM, BTCMTX, and TG stand out as the best crypto to buy now in December 7. Image by cryptonews.com.
Major cryptocurrencies are consolidating following a Bitcoin (BTC)-led pump that saw Bitcoin hit fresh annual highs above $44,000 earlier in the week.
Crypto markets have been pumping on optimism that spot Bitcoin ETFs will soon gain approval, accelerating institutional adoption and amid hopes for a near-term dovish policy pivot from the US Federal Reserve.
Outside of the big coins, here are some of the best altcoins cryptos to buy now on the 7th of December.
BitTorrent (BTT)
BitTorrent (BTT) token was one of the biggest gainers in the market on Wednesday, pumping up more than 75% to hit new year and a half highs aboe $0.0000011 per token following optimism amid the news that the Tron network on which it is issued had surpassed 200 million users.
The token has since pulled back around 30% from these highs to trade under $0.0000008.
Bulls may be eyeing the recent pullback as a good time to add to long positions.
Bitcoin Minetrix (BTCMTX)
An exciting new decentralized Bitcoin cloud mining protocol called Bitcoin Minetrix has been generating huge hype and recently surpassed $5 million in funds raised from presale investors.
With interest in Bitcoin surging as a new bull run begins, old hands and new entrants into the crypto markets are searching out ways to gain exposure to the Bitcoin melt-up that doesn’t require either waiting to buy a spot Bitcoin ETF or purchasing the coin directly.
Bitcoin Minetrix has been raising funds to power protocol development via a presale of its native $BTCMTX token.
Investors who buy $BTCMTX can then stake their tokens to start earning non-transferable Bitcoin Minetrix mining credits.
These credits can then be burnt by their owners, and in exchange, they will get a share in Bitcoin Minetrix’s Bitcoin mining revenues.
$BTCMTX token holders will also earn $BTCMTX rewards, with a portion of the token supply already set aside to reward early stakers.
$BTCMTX staking rewards current sit at around 120%, according to the project’s official dashboard.
Bitcoin Minetrix’s protocol is governor by smart contracts built on top of the decentralized Ethereum blockchain, which is also where its token is issued.
The protocol thus offers better transparency and security versus other centralized cloud mining services.
Check Out Bitcoin Minetrix Here
#BitcoinMinetrix is paving the way for a fresh approach to cloud mining, integrating stakeholding and cloud mining.
By prioritizing transparency, independence, and safety, #BitcoinMinetrix pioneers tokenized cloud mining, providing a reliable path for $BTC mining. pic.twitter.com/Itz9l8vO89
— Bitcoinminetrix (@bitcoinminetrix) December 6, 2023
Helium (HNT)
Helium (HNT) has been pumping in the past two days amid optimism following the news that Helium has launched a nationwide US unlimited mobile data plan for $20 per month.
The token of the crypto connectivity project was last trading around $5.50, up nearly 90% in the past two days.
As risk appetite in the broader market continues to pick up, Helium could continue to outperform, as traders pile back into the project thanks to its exciting new product launch.
TG.Casino (TG)
An exciting Telegram-based crypto gambling upstart called TG.Casino has been taking web3 by storm.
2023 has been a big year for crypto gambling, with protocols like Rollbit seeing explosive user growth, and the platform’s native token also seeing big upside.
And TG.Casino is experiencing similar early success.
As per a recent update on the project’s X account, a staggering more than $38 million has now been wagered in the platform by over 2,450 players, with crypto deposits last at an impressive $3.7 million.
That’s despite the fact that the platform hasn’t even finished conducting its presale, which has raised over $3.5 million in just a few months thanks to the protocol’s exciting value proposition.
We have surpassed $3.5 million raised in the $TGC presale
On a scale of 1-10, how happy are you? pic.twitter.com/1tMabRKT2L
— TG Casino (@TGCasino_) December 6, 2023
But what is TG.Casino’s unique proposition?
Well, arriers remain high for non-crypto native users to bet using platforms such as Rollbit, given they need to navigate complicated concepts such as setting up, connecting and working with crypto wallets.
TG.Casino intends to do for crypto gambling what Unibot did for advanced crypto trading – simplify things with Telegram automation, whilst putting crypto gambling at the fingertips of Telegram’s 700 million (and rapidly growing) userbase.
TG.Casino also offers an exciting passive income opportunity.
Early investors are already making yields in the region of 170% (thanks to rewards specifically set aside for $TGC token stakers – all tokens bought in presale are automatically staked).
While this yield will fade over time as more money pours into the presale, $TGC holders will also benefit from TG.Casino’s planned token buyback scheme, which will provide passive income to $TGC token stakers and raise the token’s price through token burns.
Beam (BEAM)
BEAM, the token that powers the game development-focused beam network, has been pumping in recent weeks.
BEAM was last up around 7% in the past 24 hours at nearly $0.017 per token, taking its gains in the past month to around 300%.
The token’s strong uptrend may continue in light of the recent news that Beam network creator Merit Circle is bringing Immutable zkEVM into its gaming ecosystem.
The post Best Crypto to Buy Now December 7 – BitTorrent, Helium, Beam appeared first on Cryptonews.