Top 5 Cryptos To Buy In December 2023: Huge 10X Potential Coins?! 99% Will Miss Out On These Coins!!
Here's our top 5 Cryptos for December that we don't see many people talking about and projects that we think will see some great potential in this month.
As we approach the end of the year, it's crucial to identify the top-performing cryptocurrencies for December.
Every Month We Share 3-5 Hot Picks For The Month. Looking back at the previous month. It's been a fantastic month for us with the coins we shared in November.
👉Click On This Link: Check Out This Article Where We Shared Our Hot Picks For November👈
DYDX, ARB, and Astar Network really outdid themselves. #DYDX was trading at 2.31 when we mentioned it, and it reached a monthly high of 4.3, almost doubling in value.
Then there's ARB, which we shared at 0.98 and it peaked monthly at 1.30, securing some decent profits.
Astar Network, starting at 0.053, went on to hit 0.086 monthly high, making it another success story.
Looking ahead, we're now gearing up for December and have identified five #altcoins that we believe are set to outperform.
However, it's essential to remember that the performance of these coins is highly dependent on how Bitcoin behaves and upcoming news developments this month.
In this blog post, we will discuss the five coins that you should consider investing in for the month of December.
So, first let's look at Bitcoin's performance and any market news that may influence these altcoins potential.
Overall Market & Bitcoin Analysis:
Currently, the overall crypto market cap stands at 1.42 trillion, and #BTC is facing a strong resistance around $38500. Despite its efforts over the past few weeks, Bitcoin has been unable to break through this level.
If Bitcoin manages to surpass this level, the next resistance to watch for would be around $40000. It's also worth noting that the increasing Bitcoin dominance suggests that investors are currently showing more interest in Bitcoin rather than altcoins.
However, if Bitcoin successfully reaches and stabilizes around $40000, and the Bitcoin dominance begins to decrease, this could be a positive sign for altcoins to rally.
In such a scenario, the altcoins we will be discussing for potential investment this month could see promising opportunities.
Now, let's look at the top 5 coins that have the potential to make huge gains this month.
Top 5 Hot Picks For December 2023:
$KAVA : The first coin that we are talking about is Kava. Kava is a layer one blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum.Kava coin has some promising developments coming up! The KAVA team has announced updates set to roll out soon. On November 23, the team talked about the upcoming KAVA15 Update scheduled for December 7. The team also mentioned a major update happening on January 1, with KAVA coins having a fixed supply, these updates definitely seem promising for the coin's future.Examining the Kava 1D chart, we can see that the lowest price it reached in the bear market was 0.50, and there's a potential golden cross on the horizon. Based on this, the entry price we're considering is 0.65-0.75, with the next resistance at 0.84, which could be a target for taking profits. Looking further ahead, the next profit target could be at 1, and if the market performs well and the upcoming update generates significant momentum, our targets are ranging between 1.20 - 1.70Kava is definitely a coin worth keeping an eye on!$SAND : The next coin we are looking at is The SandBox, a well-known gaming project in the Web3 space. The most exciting news for Sandbox is that they've partnered with Nuqtah to boost Web3 adoption in Saudi Arabia. Notably, their Twitter account boasts over 1M+ followers, showing a strong community backing. It is currently trading at around 0.4034, down more than -95% from its all-time high of $8.44.Taking a look at the chart, it seems like not many people are paying attention to Sandbox at the moment. The lowest point in the bear market was around 0.028, and it has been steadily increasing from there. This might just be the best time to accumulate it in this zone, especially considering that a golden cross for SAND is on the horizon, indicating a potential upward trend. With this in mind, we're considering an entry price range of 0.35 – 0.40As for take profit targets, we're eyeing a range from 0.57 – 0.70. This could be a great opportunity to get involved with Sandbox, especially considering its potential for growth in the near future.VET : The third coin we are focusing on is VeChain. VeChain is definitely a coin with a ton of potential and a must have in your portfolio. Whether you look at it project wise or whether the continuous updates that are coming for this project.This is a coin that we have in our long term hold portfolio. Currently trading at 0.02136, it's down almost -92% from its all-time high of 0.2782.It started a nice upward momentum, but the delivery hasn't been consistent. For those looking to add this coin to their portfolio, the ideal entry price range could be 0.01 - 0.018. As for take profit targets, we're looking at a range from 0.029 - 0.038. It might take some time to reach these targets, but VeChain is definitely a strong hold both for short term and long term holdings.$AGIX : SingularityNET (AGIX) is a blockchain platform. It enables the creation, sharing, and monetization of AI services. Users use the AGIX token to buy and sell these services in a global AI marketplace.Positioned amidst the 2023 AI boom, SingularityNET saw a significant price surge of over 1,300%, although it experienced a subsequent decline likely due to profit-taking.The entry price target that we are considering is 0.26 to 0.30. As for take profit, the targets are 0.40-0.60#BLUR : BLUR is the native governance token of Blur, a unique NFT marketplace and aggregator platform that offers advanced features such as real-time price feeds, portfolio management and multi-marketplace NFT comparisons.It claims to have faster NFT sweeps, and a more intuitive interface than other comparable platforms. As a result, many professional NFT traders increasingly prefer to use Blur for their trading activities.Looking at the BLUR chart it clearly shows that it had a nice run up after the binance listing, then a major dip and consolidation. This is a similar pattern that we have seen with other coins that got listed on Binance. Currently, it is trading at 0.4988 and is almost -98% down from it's all time high of 46. The 2nd round of pump is still pending and blur will blast very soon this month. As for take profit, the targets are 0.65-1.30GRAPH : The last on the list is The Graph. Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and Web3. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data.This is a very strong project that we have in our long term hold portfolio. Currently trading at 0.14, down -95% from it's all time high of 2.88. As we look at the chart, it clearly shows that the momentum has started to pick up and the reason behind this is that according to the roadmap, they have a lot of updates coming this month. The current market price is perfect for an entry. If the market performs in a positive way, our profit targets are 0.35-0.50
#cryptocurrency markets are resilient and can quickly shift from bearish to bullish. Recent events, such as the resignation of Binance's CEO and acceptance of a fine, could mark the beginning of a significant turning point.
In a bull run, the market often disregards bad news, mirroring how it disregards good news in a bear market.
The coins we have mentioned above are all dependent on the overall market and bitcoin action. Before making any investments, make sure to do your own research and have a proper investment and profit taking strategy.
Hope you guys liked this article. If you did, make sure to like and comment below your picks for this month.
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