Have Risk Appetite? Here Are 5 Cryptos That Could Make Your Christmas Merry
With the holiday spirit in full swing, many investors are looking to capitalize on potential opportunities in cryptocurrencies, and thanks to the 24×7 nature of the asset class, the gains and losses aren’t confined to normal trading windows.
Optimism has been running high lately with Bitcoin’s historic climb above $100,000 and anticipated further gains if President-elect Donald Trump’s planned strategic Bitcoin reserve becomes a reality once he enters office.
Bitcoin’s bullish run has rubbed off on the broader market, with the total cryptocurrency market capitalization increasing by 8% over the month, according to CoinMarketCap.
However, the sheer value of blue-chip currencies like Bitcoin could unnerve an average trader. Even fractional units could cost a bomb for people who do not intend to invest heavily.
In light of these developments, we look at some pocket-friendly cryptocurrencies that could experience upsides this Christmas and deserve a space in your bag.
ENA
Ethena Labs (CRYPTO: ENA) has attracted significant attention lately after the Trump-backed cryptocurrency project, World Liberty Financial, went on a buying spree.
The platform has bought nearly $670 million of ENA tokens for its decentralized finance activities and also announced a partnership with Ethena Labs.
Large investors seemed to have taken a liking to these developments. In the past three days, a whale accumulated over $13 million worth of ENA, according to on-chain data.
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