- Bitcoin (BTC) – Consistently proving its resilience, Bitcoin is back in the spotlight, holding strong after its post-election rally and hitting new price levels that keep reminding us why it’s the king.
- Ethereum (ETH) – The merge may be long behind us, but ETH continues to make strides with major DeFi adoption and scaling upgrades propelling it forward.
- Ripple (XRP) – Ripple’s XRP is making a strong comeback in the market rankings amid legal developments that it might shed the monkey off its back in its legal battle with the SEC, growing adoption for international payments and possibly an XRP ETF.
- Solana (SOL) – Despite a turbulent year, Solana has rebounded impressively, with a recent surge driven by developer activity and new institutional interest.
- Chainlink (LINK) – Oracle integrations and partnerships have pushed LINK into the spotlight this month, with growing utility across DeFi projects.
What History Says About Crypto in December
Let’s talk about it.
Historically, December has been a month to watch in crypto, and while it’s earned a reputation for unpredictability, there are some clear patterns worth noting:
- December Rallies – In 4 of the last 5 years, December has been a positive month for crypto, with Bitcoin leading the way. The holiday season often sees a surge in retail investments as year-end enthusiasm and FOMO kick in.
- Beware of Sell-Offs – While rallies are common, late-month corrections can sneak in as investors lock in profits and Tax losses before the year ends. This makes having a strategy critical.
- Altcoin Opportunities – Historically, altcoins tend to follow Bitcoin’s lead in December, often posting outsized gains during rallies. However, they can also face steeper corrections if momentum stalls.
The takeaway?
December’s performance can be a mixed bag, but for those with a plan, it’s often an exciting time to be in the market.
That’s why Merlin is here to help you make smart moves, whether you’re capitalizing on rallies or locking in gains before the year wraps up.
Start Your Free Trial of Merlin Today to see how we can help you track your portfolio, create exit strategies, and stay ahead of the market.
Not sure if Merlin is right for you? We’ve got you covered! You can also book a custom demo and see exactly how Merlin can work for your unique goals.
Let’s close out 2024 strong together. Whether you’re riding this month’s gains or preparing for 2025, Merlin is here to help you make smarter, more informed decisions.