The recent crypto market rally helped many altcoins recover and offered tremendous profits to traders. The market has corrected, and traders are waiting to enter and capture the next rally. The altcoins Solana (SOL), Avalanche (AVAX), and Elluminex (ELX) show potential for massive gains by the end of the year and thus look like promising picks for December. Let’s examine these altcoins and analyze their growth potential.

Despite the rapid growth of crypto throughout the world, adoption rates are still relatively low. According to recent data, only about 7% of the global population owns crypto assets. While figures in certain countries are higher than in others, this situation leaves much to be desired. However, one network could change this.

Arbitrum (ARB) has become by far the biggest Layer 2 scaling solution on the Ethereum blockchain, unlocking new levels of speed and efficiency. By extension, this led to Arbitrum supercharging Uniswap’s utility as the largest DEX platform in the DeFi space. Elluminex (ELX) is poised to do the same for Toncoin (TON). Read on to discover how this newcomer captures the first-mover advantage and taps into the latent DeFi potential of one of the fastest-growing Layer 1s in the space.

Crypto markets are heating up, with multiple assets reaching all-time highs. However, Ethereum has seen relatively slow growth. But, in 2017, the situation was different. At the time, Ethereum saw a huge rally, rivaled only by Bitcoin’s strong growth.