Trader Tom Busby shares his altcoin picks for December 2021
Widely-followed crypto trader Tom Busby shares with his subscribers 5 altcoins on his radar that are likely to continue its bullish gain in December.
First on the trader’s list is Morpheus Network (MNW), a supply chain ecosystem with the ability to extend itself on top of existing industry technologies through its blockchain technology.
“The Morpheus ecosystem is uniquely able to streamline the supply chain process of thousands of companies and has tremendous potential to revolutionize various processes used by leaders in multiple industries, such as trade and logistics.”
According to the trader, the project has made considerable movements in the industry. In particular, one of the biggest impacts is when the platform provides enterprise-grade, flexible solutions to support and onboard Agribusiness clients in Argentina.
“The supply chain ecosystem will provide the perfect network to grow Argentina’s Agribusiness sector and establish itself as a leader in a market worth $60 billion.”
Next on the list is Vechain (VET). A project that aims to disrupt traditional supply chain models, an industry which before blockchain had remained little changed over the decades.
“Most cryptos facilitate high-speed transfers and collaboration. VeChain offers innovative ways for information to flow, which has proven to be enticing for its customers. Most of the network’s use cases involve the end users’ ability to track products and conduct quality assurance effectively.”
As the analyst says, VeChain price has been on a downtrend for the past three weeks and is showing signs of a reversal for the month of December.
Helium (HNT) is a decentralized blockchain-powered network for Internet of Things devices. The trader highlights that during the past retracing, Helium has maintained its excellent performance.
Recently, Helium partnered with internet service giant Dish in a bid to develop a user-powered wireless network. Per the terms of the partnership, Helium will supply 3.5 million hotspots to DISH, and the internet service company intends to onboard its customers.
“Since the announcement, the HNT token has been performing excellently. HNT has been up by nearly 150% since the announcement and could be set for higher gains.”
The fourth altcoin on the trader’s list is Ethereum (ETH). AS Busby says, this altcoin looks to be back on track to new highs, following Friday’s speed bump as global markets pushed all risk assets to the downside.
Busby expects a new all-time high for Ethereum in December, passing $5,000 area and creating a significant moment for the whole crypto market.
The final pick of the month is Cosmos (ATOM). As pointed out, the Cosmos cross-chain network has been growing steadily along with the projects that run on top of it, and it reached a milestone of 1 million transfers in terms of activity.
The trader also highlights that Cosmos is also working on rollup scaling technology to allow developers to build Cosmos-based blockchains as rollups that can be deployed as clusters within the IBC zones. And ultimately, it is building a new blockchain aimed at allowing developers to experiment with different protocols.
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