Market
5 Meme Coins to Watch in December 2024

November proved to be a turning point for the crypto market, and meme coins emerged as one of the best-performing sectors. In the last four weeks, following Bitcoin’s rise to $99,595, many unexpected meme tokens took the top spot, outperforming major altcoins.
Thus, BeInCrypto has analyzed five meme tokens that are showing signs of potentially becoming a top performer in the month of December.
Department of Government Efficiency (DOGE(GOV))
DOGE(GOV) reached an all-time high (ATH) of $0.545 in November, fueled by heightened interest in the US Presidential Elections. The hype surrounding the political conditions and the involvement of key figures has created a strong surge for the meme coin. However, some analysts suggest that this ATH may not be at its peak yet.
With Donald Trump’s anticipated return to office in January, alongside his announcement of the Department of Government Efficiency, led by Elon Musk, the momentum for DOGE(GOV) could intensify. Musk’s influence, combined with Trump’s backing, creates a unique synergy that could drive DOGE(GOV) to unprecedented heights. This connection may further fuel the coin’s potential rise.

Given the rapid growth of DOGE(GOV) and a 46% increase in value over the past 24 hours, it’s likely that the cryptocurrency will reach a new ATH by December. If this momentum continues, a surge toward the $1 mark seems achievable.
Bonk (BONK)
BONK reached an all-time high (ATH) of $0.00006230 earlier this month before experiencing a drawdown to $0.00004607. This fluctuation is common for meme coins, reflecting high volatility in short periods. Despite the dip, BONK continues to hold significant potential as market conditions shift.
As a Solana-based meme coin, BONK stands to benefit from the hype surrounding Solana ETFs. Given its connection to the Solana ecosystem, any positive movement for SOL could trigger a price surge for BONK. Market sentiment surrounding Solana is expected to influence the future direction of BONK’s price in the coming days.

Currently, BONK faces resistance at $0.00004736. If it fails to break this barrier, it could trigger a price pullback, stalling any bullish momentum. A failure to breach this level could hinder its attempt to form a new ATH, with potential downside risks for the coin.
Peanut the Squirrel (PNUT)
PNUT has emerged as one of the best-performing crypto assets this month, rallying by an impressive 1,416% in just one week. The meme coin reached an all-time high (ATH) of $2.50, capturing significant investor attention. This rapid price surge highlights the volatile yet high-reward potential of meme coins.
At the time of writing, PNUT is trading at $1.24, holding above critical support at $1.06. This support level is essential to maintain the coin’s upward trajectory. As long as it stays above this threshold, PNUT is likely to avoid a significant decline, preserving its bullish momentum for the near future.

The continued strength of PNUT’s bullish trend in November suggests the price could rise further. However, if the support at $1.06 is lost, the outlook could turn bearish. In that case, the price might decline to $0.44, invalidating the current bullish scenario and shifting the market sentiment.
Act 1: The AI Prophecy (ACT)
ACT is positioned at the intersection of two booming sectors in the cryptocurrency market — Artificial Intelligence (AI) and meme coins. This unique combination gives ACT a distinct advantage, as it appeals to investors looking to capitalize on both technological innovation and the viral nature of meme-driven assets.
ACT’s performance has already demonstrated the potential of its dual-sector strategy. In early November, the altcoin surged by 3,044% within a week. Over the past 24 hours, ACT experienced a 66% increase in price, showcasing its volatility and the high reward potential that often accompanies meme coins tied to trending technologies like AI.

As ACT approaches its all-time high (ATH) of $0.95, the coin faces an important threshold. If it successfully breaches this resistance, ACT could surpass $1.00, driving further gains. However, if profit-taking begins to dominate, the price could drop below the critical support of $0.44, potentially invalidating the current bullish outlook.
Pepe (PEPE)
PEPE saw an unexpected surge in November, climbing nearly 84% within just 48 hours. This rapid increase helped the meme coin reach an all-time high (ATH) of $0.00002597, surprising investors and sparking renewed interest in the coin. Its performance highlights the volatile nature of meme coins in the crypto market.
Currently trading at $0.00002091, PEPE has found support above the level of $0.00001677. This support is crucial to maintaining its bullish momentum. If the price drops below this level, it could signal significant losses for investors, leading to a shift in market sentiment and potentially further declines.

If PEPE remains a trending token, it could capitalize on the ongoing hype surrounding meme coins. This continued interest might drive the price back toward its ATH. As long as the coin holds above key support levels, there is potential for PEPE to revisit previous highs, benefiting from its meme-driven popularity.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Bitcoin Price Bounces Back—Can It Finally Break Resistance?

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Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone.
- Bitcoin started a decent recovery wave above the $83,500 zone.
- The price is trading above $83,000 and the 100 hourly Simple moving average.
- There is a connecting bullish trend line forming with support at $84,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another increase if it stays above the $83,500 zone.
Bitcoin Price Starts Recovery
Bitcoin price managed to stay above the $82,000 support zone. BTC formed a base and recently started a decent recovery wave above the $82,500 resistance zone.
The bulls were able to push the price above the $83,500 and $84,200 resistance levels. The price even climbed above the $85,000 resistance. A high was formed at $85,487 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $81,320 swing low to the $85,487 high.
Bitcoin price is now trading above $83,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $84,550 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is near the $85,200 level. The first key resistance is near the $85,500 level. The next key resistance could be $85,850. A close above the $85,850 resistance might send the price further higher. In the stated case, the price could rise and test the $86,650 resistance level. Any more gains might send the price toward the $88,000 level or even $88,500.
Another Decline In BTC?
If Bitcoin fails to rise above the $85,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $84,500 level and the trend line. The first major support is near the $83,500 level and the 50% Fib retracement level of the upward move from the $81,320 swing low to the $85,487 high.
The next support is now near the $82,850 zone. Any more losses might send the price toward the $82,000 support in the near term. The main support sits at $80,500.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $84,500, followed by $83,500.
Major Resistance Levels – $85,200 and $85,500.
Market
Analyst Reveals ‘Worst Case Scenario’ With Head And Shoulders Formation

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Recent XRP price action has sparked a new prediction from a crypto analyst, as a potential Head and Shoulders pattern emerges on the chart. The analyst warns that this technical formation could trigger a significant price correction for XRP, describing this downturn as the worst-case scenario.
Analyst Predicts XRP Price Crash To $1.15
The ‘Charting Guy,’ a pseudonymous crypto analyst on X (formerly Twitter), has unveiled a potential Head and Shoulder pattern formation on the XRP price chart. The analyst has shared insights into the implications of this technical pattern, projecting a potential crash in the XRP price.
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As a well-known bearish reversal pattern, the formation of a Head and Shoulder in the XRP price chart suggests a potential shift from an uptrend to a downtrend. Typically, a Head and Shoulder pattern consists of three peaks: the Left Shoulder, Head, and Right Shoulder. However, the Charting Guy has confirmed that XRP’s current pattern formation consists of two right shoulders and one head. Due to this irregularity, the analyst has expressed doubt about the possibility of the pattern playing out.
If the Head and Shoulder pattern eventually takes shape, it could lead to a significant drop in the XRP price, potentially bringing it down to as low as $1.15. This price level aligns with a key Fibonacci Golden Pocket retracement zone between 0.618 – 0.786.

Notably, the analyst has described this projected price crash as the worst-case scenario for XRP. While he believes a bearish move is possible, the analyst is confident that XRP’s broader market structure is bullish.
Moreover, the Charting Guy argues that if XRP does decline to $1.15, it would likely serve as a healthy retracement in an overall bullish trend. He noted that XRP’s price has been holding the $2 level on daily closes, meaning its price action remains strong above support levels. This also indicates the possibility of an uptrend resumption that could yield higher highs and higher lows for XRP.
Key Support And Resistance Levels To Watch
The Charting Guy’s analysis of XRP’s potential Head and Shoulder pattern formation highlights several critical price levels to watch. Since XRP has consistently closed daily candles above $2, the analyst has determined this level as short-term support.
Related Reading
XRP has also been wicking during recent pullbacks in a crucial range between $1.7 and $1.9. As a result, the crypto analyst has revealed that he will be watching this area closely for a potential price bounce.
The Golden Pocket retracement zone, which represents the worst-case scenario for the XRP price, is between $1.15 and $1.30. If XRP experiences a deeper price correction, lower support levels have been marked from $1.19 to $0.91.
For its resistance levels, the Charting Guy has pinpointed $2.27 as a key price point. Additionally, $3.14 – $3.32 has been identified as an upper resistance range where XRP could rally if bullish momentum resumes.
Featured image from Medium, chart from Tradingview.com
Market
BeInCrypto US Morning Briefing: Standard Chartered and Bitcoin

Welcome to the US Morning Crypto Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see how Standard Chartered sees early signs of institutional investors turning to Bitcoin as a hedge against equity market volatility, just as traders gear up for a potentially volatile week driven by tariff news. At the same time, Coinbase wraps up its worst quarter since the FTX collapse, and U.S. regulators inch closer to unified stablecoin legislation.
Standard Chartered Sees Signs of Bitcoin Starting to Be Used as Hedge Against Market Volatility
Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, sees signs that institutional traders are starting to use Bitcoin as a hedge against equity market volatility.
In a recent exclusive interview with BeInCrypto, Kendrick highlighted that this trend is already underway, with investors seeking alternatives to traditional instruments. “This is happening already,” Kendrick stated. “Investors used to use FX, specifically AUD, for this purpose due to its highly liquid and positive correlation to stocks, but now I think Bitcoin is being used because it is also highly liquid and trades 24/7.”
Additionally, in an investor note from late March, Kendrick expanded on Bitcoin’s evolving role in investment portfolios, suggesting that over time, Bitcoin may serve multiple purposes—both as a hedge against traditional financial market fluctuations and as a proxy for tech stocks.
He pointed out signs that markets could anticipating a less severe tariff announcement from the U.S. on April 2. “Given this has been the worst quarter for the Nasdaq since Q2 2022, there should be a degree of portfolio rebalancing (buying) that needs to take place,” Kendrick added.
As of April 1, 2025, Bitcoin has shown resilience amid broader market uncertainties. The cryptocurrency is up approximately 3.32%, trading at $84,282. This uptick comes alongside an overall increase in the global cryptocurrency market capitalization. In contrast, U.S. stock futures, including Dow Futures, S&P 500 Futures, and Nasdaq Futures, are all trending lower in pre-market trading, reflecting investor caution ahead of the anticipated tariff announcements.
Bitcoin Options Heat Up Before Trump’s “Liberation Day”
FalconXCrypto Global Co-Head of Markets, Joshua Lim, noted that in anticipation of Wednesday’s Trump-tariff “Liberation Day,” crypto funds are actively purchasing Bitcoin options at two key strike prices: $75,000 on the downside to hedge against potential losses and $90,000 on the upside to capitalize on a price surge.
Lim highlighted that the options market is pricing in a potential 4% move in Bitcoin’s price during the event. “The implied event move embedded in Bitcoin options is around 4% for the 2 April event,” he told BeInCrypto.
He also pointed out that traders are likely to keep buying put options in the short term as a protective measure, maintaining a high options cost premium. “We believe the front of the options curve will hold its premium as traders continue to hedge their portfolios or replace spot positions with limited-loss option positions,” Lim added.
Additionally, he noted a 4-point increase in the VIX, signaling that investors expect heightened volatility in the coming days and are turning to options to manage risk or capitalize on price swings. “US equities are also showing a bid in options, with the front-month VIX up 4 points to 22v from last week,” he said.
Crypto Stocks Slide: Coinbase Suffers Worst Quarter Since FTX Collapse
Coinbase is closing out its roughest quarter since the FTX collapse, with its stock tumbling over 30% since January. While it dipped nearly 1% in early U.S. pre-market trading on Monday, the stock managed to claw back losses and is now up around 1%.
Other crypto-linked companies are also feeling the pressure. Galaxy Digital Holdings has dropped over 8% in pre-market trading, while mining firms Riot Platforms and Core Scientific are only barely staying afloat, each gaining less than 0.5%.
Meanwhile, CoreWeave, which pivoted from Bitcoin mining to AI infrastructure, is struggling after a disappointing IPO. Initially aiming for a $2.7 billion raise, the company had to settle for $1.5 billion, slashing its offer price from the $47–55 range to $40 per share. Since going public last Friday, its shares are down 6.8%, with a 7.3% drop recorded in the last 24 hours.
Byte-Sized Alpha
– Today’s JOLTS report, a key gauge of U.S. job openings, could sway Bitcoin—strong data may boost the dollar and hurt crypto, while a sharp decline could fuel rate-cut hopes and lift risk assets.
– Bitcoin is off to its worst quarterly start since 2018, dropping nearly 12% in Q1 2025—but growing whale accumulation, falling exchange supply, and signs of consolidation hint at a potential rebound ahead.
– Crypto scams are on the rise, with fake Gemini bankruptcy emails and a Coinbase employee breach fueling phishing attacks
– OKX has appointed former NYDFS Superintendent Linda Lacewell as Chief Legal Officer, a move aimed at bolstering its regulatory credibility as the exchange accelerates global expansion into regions like Europe and the UAE.
– A unified U.S. stablecoin regulation could soon become reality, as the STABLE and GENIUS Acts differ by only 20% and enjoy strong bipartisan support alongside SEC and CFTC involvement.
– A push for expanded crypto oversight is underway as incoming CFTC Chair Brian Quintenz meets with Senator Chuck Grassley to discuss regulating the crypto spot market.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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