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3 Newly Launched Cryptos to Watch In December 2024
UBC, launched four days ago, has gained over 18,000 holders but saw its market cap drop by 45% in the last day, settling at $34 million. Similarly, $1, launched five days ago, experienced a sharper decline of 65%, with its market cap falling to $8.7 million despite attracting nearly 60,000 holders.
JAK, themed around animated video coins, drew over 24,000 holders in under three days but suffered an 80% correction, reducing its market cap to $3.4 million. All three tokens currently have neutral RSI levels, suggesting room for potential recovery if buying sentiment returns.
Universal Basic Compute (UBC)
Universal Basic Compute (UBC), launched just four days ago, has quickly gained attention. With over 37,000 daily transactions and more than 18,000 holders, it is one of the most successful newly launched coins this week, especially in the Solana ecosystem.
However, its market cap has dropped 45% in the past 24 hours, falling from $48 million to $34 million, reflecting significant selling pressure after its initial surge.
UBC’s RSI currently stands at 45, signaling neutral momentum. This indicates that while the token is not overbought or oversold, it may be consolidating after the recent correction.
If UBC regains bullish momentum, it could retest its $50 million market cap, representing a potential 47% price increase from current levels.
just buy $1 worth of this coin ($1)
The $1 coin, launched on Solana five days ago, has quickly gained attention, attracting nearly 60,000 holders and recording 81,000 transactions in the past 24 hours.
Despite this activity, the coin has faced significant selling pressure, with its market cap dropping sharply by 65% in the last day, falling from nearly $15 million to $8.7 million.
With an RSI of 43, $1 is currently in a neutral zone, neither overbought nor oversold. This suggests the token could be stabilizing after the steep correction.
If buying pressure returns, $1 could reclaim the $10 million market cap and potentially retest its previous high of $15 million, signaling a strong recovery from recent losses.
Jak (JAK)
The JAK token has gained traction by leveraging the popularity of animated video-themed meme coins. It has attracted over 24,000 holders in under three days.
Despite its fast rise, JAK has seen a sharp correction, with its market cap dropping over 80% from $6.2 million to $3.4 million.
JAK is still seeing strong activity, with more than 90,000 daily transactions reflecting continued market interest. Its RSI currently sits at 53, signaling neutral momentum.
This level suggests that while selling pressure has eased after the steep decline, the coin is neither overbought nor oversold. That leaves room for a potential recovery if buying sentiment increases.
The post 3 Newly Launched Cryptos to Watch In December 2024 appeared first on BeInCrypto.