Which altcoins are worth paying attention to now?

The year 2024 has brought investors and traders a lot of positives. Before this year is completely over, there is still time to take a closer look at three altcoins that could bring good profits in the week of December 30 – January 5.

Let’s look at why Cardano (ADA), Celestia (TIA) and Tron (TRX) made it to this week’s list of top altcoins and how events planned in these token ecosystems could positively impact their prices.

Cardano (ADA)

Cardano enthusiasts are heading to their annual meeting this week to discuss the 2025 budget and other strategic decisions that could impact ADA development next year. The event will take place tomorrow, December 31st.

This rally could give ADA the bullish momentum it needs to finally recover above the $1 level and turn it into new support. Probably, the direction of the trend will be determined by the results of the upcoming meeting.

If the decline continues and ADA loses support at $0.85, then the altcoin will face a pullback to $0.77 or even lower. Such a drawdown will cancel the bullish forecast.

Celestia (TIA)

Altcoin Celestia is preparing for the Ginger update this week. Its goal is to double network throughput and reduce block time by 50%, from 12 seconds to six. That is why this upgrade is considered a significant stage in the development of the network.

The update is also expected to impact TIA’s price, especially following the altcoin’s 44% drop in early December. Success depends on how the market perceives the upcoming upgrade – as a catalyst for recovery, or as a continuation of volatility.

If the decline continues, the TIA rate could fall below the support level at $4.52 and likely reach $3.88. On the contrary, a recovery above $4.96 as support could signal the start of a bull market. Then the altcoin will have a chance to rise to $6.03, and the bearish scenario will be canceled.

Tron (TRX)

The Tron network, meanwhile, is preparing for an important update that will integrate Chainlink’s Data Feeds. This will make Chainlink the official oracle solution. The initiative is expected to significantly improve the functionality of the network.

Additionally, the upgrade will transfer $6.5 billion in total value locked (TVL) from WINkLink to Chainlink, which could increase the price of Tron. The current target for TRX is to break $0.30 and recover above that level. In the event of a successful breakthrough, market interest in the token may increase significantly.

However, if Tron fails to break above $0.26, then a drawdown to $0.22 can be expected. This will cancel the bullish forecast, increase losses for investors, and also weaken market interest in the upcoming network upgrade.

Stay informed! Subscribe to World Stock Market in Telegram.