The market is going into frenzy once again as Ethena pumps and FTN explodes in a spectacular rebound rally, igniting a new wave of momentum across altcoins. After the sharp December correction, sentiment shifted almost overnight, with several high-beta tokens outperforming large caps by wide margins.

And while FTN is stealing the spotlight with a triple-digit surge, smart money is rotating into three other breakout plays. Analysts say those plays may deliver even more substantial upside into mid-December, driven by technical setups, aggressive accumulation, and strong community narratives.

FTN Smashes +110% as Ethena Signals a Generational Bottom

FTN has become one of the week’s most explosive movers, rocketing by more than 110% as volume spiked across the Bahmt blockchain ecosystem. The FTN token (powering the PoSA Layer 1) saw its rally accelerate as ecosystem staking and cross-chain activity surged. Currently trading around $1.45, FTN has attracted aggressive buyers despite indicators signaling an overbought condition.

Meanwhile, Ethena (ENA) is shaping up to be one of December’s most underrated pumps. ENA crypto appears to have formed a textbook double bottom on the daily chart after months of downtrend pressure, and both the RSI and MACD have flipped green for the first time since October.

Over the last 48 hours, Ethena has delivered more than 25% gains, helping restore confidence in the synthetic dollar ecosystem after USDe’s contraction the previous month. If ENA price reaches escape velocity, the next resistance zone to watch is $0.35, followed by the crucial $0.69.

Is ULTIMA Crypto Eyeing a Breakout?

While FTN and ENA draw attention, ULTIMA is increasingly being called the “stealth momentum play” of early December. After pumping 20% in two days, ULTIMA crypto is now testing the 200 EMA and 200 SMA band for the third time – one of the strongest breakout setups in high-cap altcoins.

Ultima operates as the infrastructure token for a high-throughput Delegated Proof of Stake blockchain ecosystem that includes global payments, debit cards, exchange utilities, and staking mechanics. With more than 120 countries participating in its community and throughput around 2,000 TPS, it’s rapidly positioning itself as a scalable global payments layer. If ULTIMA breaks above the 200 EMA and the SMA band, the next resistance level is $14K, leaving plenty of room for growth.

AI-Driven Solana Meme Mania PIPPIN Erupts 200% in a Week

This unicorn-themed AI agent token built on Solana is slowly but surely gaining traction, with over 200% gains for the past week. Created by VC innovator Yohei Nakajima, PIPPIN combines AI automation with meme culture.

Currently, it trades at $0.2 after a parabolic short squeeze saw funding rates flip deeply negative. Whale accumulation has intensified, and despite the strong rally, the price action doesn’t seem ready to pause. With Solana sector rotation heating up and AI narratives pumping, PIPPIN is emerging as one of December’s most electric high-beta traders.

PEPENODE: The Presale With 100x Potential?

As everything rallies left and right, one presale is dominating social media conversations: Pepenode.

Pepenode introduces crypto’s first virtual mining game, letting users build digital “server rooms”, combine nodes, and generate rewards – without the need for hardware and GPU farms. It’s a complete reinvention of mining for the retail crowd that’s been priced out of Bitcoin.

One key feature of the project is that 70% of the tokens spent on node upgrades will be burned. This would make the circulating supply thin and eventually cause a shock supply. Throughout virtual mining, you can earn meme coins like PEPE or FARTCOIN, which will give your capital an extra boost.

With a presale price of $0.0011778 and $2.2M raised, the project is definitely attracting investor interest. On top of that, it offers one of the best APYs of 573% on the market, which could benefit from even before the TGE event.

For investors seeking a high-beta narrative with real utility and meme dominance, PEPENODE is quickly becoming the most talked-about contender for a December breakout.