Fastest-growing cryptocurrencies to keep an eye on in December 2024

November 2024 injected big money into the crypto market as Bitcoin breached the $100k mark and many altcoins also witnessed a record big surge in prices.

Fast-forward to December 2024, and we will examine some of the fastest-growing cryptocurrencies that have made their way onto the crypto gainers leaderboard. These tokens listed below have managed to maintain their market positions and experience rapid growth despite the unpredictable nature of the crypto market.

Sui (SUI)

Launched in May 2023, the Sui Network is a relatively new blockchain project that aims to solve the issues related to the centralization of digital assets. It is a Layer-1 blockchain that uses a Move-based programming model to simplify the development of user-friendly applications. 

The Sui network offers fast asset transfers and allows high throughput, all of which is an attractive features for the finance and gaming industries. As the adoption of blockchain increases globally, it may be worth a shot to keep the SUI token on your crypto watchlist.

Since its launch about a year ago, the Sui (SUI) token has seen immense growth and currently trading around $4.8 (at the time of writing), which is a 1209% increase from its all-time low of $0.3648. The token made its way to the top crypto gainers as it hit an all-time high of $4.89 on Dec 13. 2024, and this token has the potential to go higher if the bull market narrative continues.

Hedera (HBAR)

The Hedera token is the native token of the Hedera (HBAR) ecosystem. The entire network’s transactions are fueled by HBAR, which guarantees their speed and security. 

A decentralized network of nodes makes up the Hedera Hashgraph ecosystem, which verifies transactions and adds them to the common ledger. The Public Hedera Network’s Hashgraph consensus method is built for fast transaction speeds and low latency, guaranteeing quick and effective transaction processing.

Since its launch about 5 years ago, the HBAR token has seen immense growth and currently trading around $0.3 (at the time of writing), which is a 2888% increase from its all-time low of $0.009861. The token made its way to the December crypto gainers list as it continued its bullish momentum from November 2024 and surged 131% in December 2024 (at the time of writing).

Aave (AAVE)

Aave is a decentralized finance (DeFi) protocol that operates on the simple mechanism of lending and borrowing. Investors can borrow funds against their collateral by depositing their tokens in Aave’s liquidity pools. 

The platform’s native token is AAVE which serves as a governance token and can also be staked in return for token rewards.

Since its launch about 4 years ago, the Aave (AAVE) token has seen immense growth and currently trading around $366 (at the time of writing), which is a 1316.2% increase from its all-time low of $26.02. The token made its way to December’s biggest crypto gainers as it continued its bullish momentum from November 2024 and surged 94% in December 2024 (at the time of writing).

Ondo (ONDO)

The ONDO token is the product of Ondo Finance, an organization that provides structured products around institutional-grade financial instruments, through which investors can earn stable yields.

Token holders are empowered to take part in decision-making through its governance-driven approach. Projects like Flux Finance, which broadens its use cases, are part of Ondo’s ecosystem and with steady expansion and uptake, ONDO establishes itself as a pioneer in fusing blockchain technology with conventional finance.

Since its launch about 11 months ago, the Ondo (ONDO) token has become a leader of the RWA narrative and witnessed immense growth in a short period. Currently trading around $2.06 (at the time of writing), this token has seen a 2416.7% increase from its all-time low of $0.08217. ONDO made its way to the December crypto movers list as it continued its bullish momentum from November 2024 and surged 86.37% in December 2024 (at the time of writing).

LayerZero (ZRO)

LayerZero is a blockchain interoperability protocol that fills a critical gap in the multi-chain ecosystem by concentrating on smooth interoperability between blockchain networks. 

LayerZero relies on Oracles and Relayers to avoid hefty validators through a new ultra-light node architecture, guaranteeing safe, quick, and economical cross-chain transmission. The platform plays an important role by being one of the facilitators of decentralized connectivity as interoperability becomes increasingly important in the crypto ecosystem.

Since its launch about six years ago, the LayerZero (ZRO) token has seen immense growth and currently trading around $7 (at the time of writing), which is an 181% increase from its all-time low of $2.48. The token made its way to the December fast-growing crypto list as it continued its bullish momentum from November 2024 and surged 54.57% in December 2024 (at the time of writing).

Fastest-growing crypto this week

This week’s fastest-growing cryptocurrencies has been a mix of crypto narratives including AI, Gaming, and DeFi.

The AI and Gaming narrative coin VIRTUAL is leading the weekly gainers as it surged 63% in the past 7 days, followed by AAVE and ENA which have seen around 30% increase in prices. In the ongoing week, we can expect that the AI, Gaming, and DeFi narratives may continue to pick up and other tokens of the same category can make their way to the gainers list soon.

Summing up

When analyzing the profitability of cryptocurrencies, it’s crucial to consider the significant growth rate of crypto movers. Resist succumbing to FOMO and assess whether you might be entering a particular coin too late. The value of a cryptocurrency is determined by supply and demand on leading digital currency trading platforms.

Various factors can influence cryptocurrency prices, including current market sentiment, news events, important announcements, and changes in regulatory approaches. Considering these factors, the value of cryptocurrency can fluctuate over short periods, making it a highly volatile investment.