The bearish trend in cryptocurrencies is Bitcoin leading the charge. Bitcoin, the benchmark cryptocurrency, is trading at $48,779 right now and has lost 24.25% over the past month. Investors are now looking for top altcoins to purchase this week, thanks to the bearish trend.

1. Ethereum (ETH).

Ethereum is the first platform that allows smart contracts to be used in the world and it's one of the most popular altcoins to purchase this week. Ethereum's flexible network architecture allows developers to create decentralised apps (dApps) and smart contracts.

UNICEF, a non-governmental organisation, has launched the largest non-fungible token (NFT), collection ever on Ethereum to celebrate its 75th anniversary.

Profits from the launch of the NFT will be used to support other projects, such as the Giga Initiative which aims at funding internet access for all children around the world.

The NFT collection is a direct representation of data collected by the Giga initiative in 282,200 schools across 21 countries.

The value of the Ethereum token will skyrocket with the launch of UNICEF's NFT collection in the coming weeks.

Digital assets fell by 0.2% in the past 24 hours. They traded at $3,992 under the 20-day MA Support Price of $4,261.

2. Solana (SOL)

Solana, a DeFi-enabled platform that aims to improve the scalability of blockchain protocols, is called. Solana is one of the most popular blockchains, processing more than 50,000 transactions per second (TPS), with less than a penny of fees.

SOL's high-scalability features make it the second most popular altcoin to buy this week.

Opera browser, a web3 enabled browser, is now set to integrate with Solana's blockchain and support dApps during the first quarter 2022. Opera intends to remove any obstacles that crypto and web3 can cause to increase adoption and usability.

Opera will be able to onboard more people via web3 and the entire cryptocurrency ecosystem thanks to Solana's low fees and speedy transaction rates. Opera will be able to give its millions of users direct access Solana through the integration.

Solana is lightning fast and integrates with Opera browser. This integration will allow SOL price to rise as more Opera users invest in the DeFi Blockchain.

SOL has fallen by 2.71% to $164. This is below its 20-day MA price at $231. Investors can buy the digital asset at a great price and keep it for the long-term.

3. Cardano (ADA)

Cardano is a top-rated altcoin to buy this week and it's for good reasons. The Ethereum killer is an interoperability-focused blockchain geared at enabling the sharing of information and tokens between one blockchain and another.

The launch of the first ERC-20 convertor on the testnet is part of this plan. The AGIX ERC-20 convert is a public testnet that allows the migration of SingularityNETs

AGIX tokens can be transferred to Cardano or back to Ethereum via a permissioned bridge. The converter is available on the testnet. Users can access its capabilities. This will allow the team to make modifications and fix bugs to the program before it launches on the mainnet.

This converter is an important step in Cardano’s plan to collaborate with other blockchains. Cardano's network effect will increase liquidity by increasing the number of connections.

The current price of the digital token DA is $1.31. This is still a good deal and a great opportunity to make substantial gains at a low cost. The asset is currently trading at $1.31, which is below the 20-day MA Support Price of $1.47.

4. Polkadot (DOT)

Polkadot's blockchain is interoperable because it is supported worldwide by computers that are dedicated to running the Polkadot Blockchain. This network can then be used to build other blockchains.

Due to the value proposition offered by the parent blockchain, Polkadot utility coin, DOT is one of the best altcoins you can buy this week.

Polkadot held parachain auctions in recent weeks where many blockchains competed for a spot on its Polkadot relay chain.

Polkadot could join the growing list of blockchains that allow NFTs via their platform as Efinity. This parachain, which aims to bring NFTs into the Polkadot Ecosystem, is also expected to be added to the list.

Efinity Crowdloan is now live. It aims to decentralize the metaverse and bring NFTs into Polkadot. The Crowdloan allows Polkadot users make contributions to the movement, and will reward them with Efinity tokens.

NFTs dominating the crypto space is the buzz around Polkadot's digital art and virtual reality launch. This will boost DOT's market valuation and send prices soaring. DOT has risen by 1.51% to $32.47, which is higher than the $27.98 20-day MA.

5. Avalanche (AVAX)

Avalanche, a blockchain powered by smart contracts, is designed to deliver high scalability and security without compromising its decentralisation or security.

A number of factors have led to the AVAX token being a top choice for altcoins this week, including its eco-friendliness and high transaction speeds.

WOO Network, a liquidity network provider, is ready to support the expansion of the Avalanche Ecosystem through the bridge between users, applications and assets. WOO Network, which connects users to both exchanges and DeFi platforms, was added to the Avalanche Network.

WOO network is a network that aims to bring smart liquidity into Avalanche through dApps like Curve, Aave, and Benqi.

To promote the use and adoption of the WOO token in the Avalanche ecosystem, the WOO Network seeded the bridge with $15m.

The integration of the WOO Network with the Avalanche ecosystem is a platform for the demand for AVAX tokens on the market.

AVAX trades at $101.01, above its 20-day MA price, $85.10, and has risen 0.45% in the last day. Avalanche token will be on a bullish run, which encourages investors to purchase AVAX.

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By: Jimmy Aki
Title: 5 Top Altcoins to Buy This Week [Eth, SOL, ADA, Dot, Avax] December 2021
Sourced From: insidebitcoins.com/news/5-top-altcoins-to-buy-this-week-eth-sol-ada-dot-avax-december-2021
Published Date: Mon, 13 Dec 2021 15:26:07 +0000