Bitcoin’s Strong Start

Despite the choppy waters stirred by the Federal Reserve’s taper talks and a new COVID-19 variant, Bitcoin (BTC) kicked off December with a bang. As of December 1, BTC rallied up to a dazzling $59,053, suggesting that bulls are shaking off their jitters and ready to take the reins. Bravo, BTC!

Altcoins Join the Party

But wait, there’s more! Altcoins decided to tag along on this joyride and saw their prices elevate as well. Crypto enthusiasts on Twitter are buzzing with whispers of a potential “Santa Claus rally.” Is it a hoax? Or is Santa about to deliver some sweet, sweet gains?

Top Gainers of the Day

According to stellar data from the cosmic realms of Cointelegraph Markets Pro, three coins stood out like party-goers at a dull social gathering:

• Request Network (REQ)
• Bifrost (BFC)
• SafePal (SFP)

Request Network: Transaction Boom

Let’s zoom in on REQ; this Ethereum-based payment powerhouse has been busy. REQ recently hit an all-time high in transactions, with a 32% jump just this last month. The VORTECS™ Score lit up like a Christmas tree on November 28, predicting the subsequent price surge of a whopping 98% within the following day. Talk about being on the nice list!

Bifrost’s New Protocol

Bifrost (BFC) took its turn under the spotlight too, bouncing back from a low of $0.35 to a peak at $0.556—a jaw-dropping 56.84% increase! The release of their ChainRunner Q protocol has developers buzzing like bees, allowing them to construct DApps across multiple protocols. BFC is officially in the building!

SafePal’s Expansive Reach

Don’t forget about SafePal (SFP), the crypto wallet that’s acting like a kid in a candy store. Recently supporting nine new blockchains, including Cardano and Avalanche, SFP’s price skyrocketed by 38% after its bullish VORTECS™ Score hit the green on November 29. These updates are raising the stakes in the wallet game!

The Bigger Picture

As the overall cryptocurrency market cap rounds up to a cool $2.67 trillion, Bitcoin’s dominance is holding strong at 41.2%. It feels like we’re strapping in for an exciting ride this December. Just remember, betting on crypto is like betting on a cat at the dog park—full of surprises, and you might just get scratched!

Disclaimer

The views here belong to the author and may not reflect Cointelegraph’s stance. Remember, every trading move contains risk; do your homework before diving in!