Top 5 Cryptos Set For A Price Explosion This December – ADA, TIA, RUNE, LUNC, BTC
December 02 2023 - 8:40AM
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As the year draws to a close, cryptocurrency enthusiasts are
eagerly anticipating a potential boom in the market, especially for
the top 5 cryptos we have examined below, with December poised to
be a pivotal month for digital assets. Among the myriad of
cryptocurrencies, five stand out as prime candidates for a major
price explosion. Cardano (ADA), Celestia (TIA), THORchain (RUNE),
Terra Classic (LUNC), and the perennial giant Bitcoin (BTC) have
captured the attention of investors and analysts alike. With unique
features, strong fundamentals, and a buzz of anticipation
surrounding them, these top-tier cryptos are positioned to make
significant moves in the coming weeks, potentially reshaping the
landscape of the crypto market. Related Reading: Ethereum ATH:
Exploring The Possibility Of Ether’s New Peaks In 2024 Top 5
Cryptos Set To Rally This December Bitcoin (BTC) Bitcoin is moving
rapidly in the direction of the $40,000 mark. The potential
approval of a Bitcoin ETF by the Securities and Exchange Commission
is one of the many variables driving the price of bitcoin. In the
24 hours leading up to early Friday morning, the price of bitcoin
increased 3.2%, reaching approximately $38,856, according to
statistics provided by price tracker Coingecko. Coincodex has a
more bullish prediction for Bitcoin, seeing the crypto hitting $58K
in the coming month. Source: Coincodex Analysts such as CryptosRUs
anticipate that Bitcoin will soon reach $40,000 and even more,
pointing to the impending halving event and possible approvals for
ETFs as major catalysts. Cardano (ADA) As November came to an end,
Cardano (ADA) saw a 30% increase in price, marking its second
consecutive month-over-month gain. Around the present rates,
bullish traders have actively placed orders to buy an additional
41.7 million units of the coin, greatly outnumbering sell orders.
According to cryptocurrency expert Crypto, ADA can surpass the
$0.90 threshold in less than six months. The primary cause is the
explosive growth of decentralized banking apps on Cardano, with a
$250 million increase in total locked value over the previous year
from $50 million. #Cardano sits at a key demand zone between $0.37
and $0.38. Here, 166,470 wallets acquired 4.88 billion $ADA. With
minimal resistance ahead and solid support below, remaining above
this zone could pave the way for $ADA to climb to new yearly highs.
Still, watch out, as losing… pic.twitter.com/GDjhspFSVr — Ali
(@ali_charts) November 27, 2023 Analyst Ali Martinez projected in
November 2023 that ADA would reach annual highs, which would be
advantageous for the coin’s prospects in 2024. Celestia (TIA)
Because Celestia (TIA) is the industry’s first modular blockchain
network and has huge future potential, market experts believe it
will be a worthwhile investment in 2023. The price behavior of
Celestia (TIA) shows a bullish pattern, with local support at $6.20
and resistance at $7.27. Following the breakdown of the resistance,
experts predict a possible rally toward $8. Bulls claim that TIA
may rise as high as $9.70 by the end of 2023, despite the fact that
the Celestia mainnet went live on October 31. As of today, the
market cap of cryptocurrencies stood at $1.4 trillion. Chart:
TradingView.com Crypto Year-End Rally THORChain (RUNE) The
value of THORChain (RUNE) increased from $3.76 last week to $6.35
by the end of November, a 70% increase driven by the rise of
THORChain as the second-largest decentralized exchange. Overall,
the coin’s mood is still positive. Forecasts for the end of 2023
indicate that there may be a peak at $10.2, with crucial support
levels between $3.4 and $4 being essential to maintaining this
development trajectory. The price of THORChain (RUNE), a
decentralized liquidity protocol token, is continuing to rise,
exhibiting a bullish bias in its trade. Related Reading: Shiba Inu
Ripple: Massive $300 Billion Transfer Sends Crypto Community Into
Speculation Source: Santiment Terra Classic (LUNC) Completing
our list of the top 5 cryptos for the weekend is the
Terra Classic (LUNC). The past month has seen tremendous price
action for LUNC; in just one day, the token has increased by over
22%, and over the course of the previous month, it has increased by
almost 130%. Following a significant price increase, traders are
talking favorably about LUNC. After its recent collapse, sentiment
analysts predict that the tokens will see a resurgence in value.
The cryptocurrency will most likely reach $0.001 by 2024 if the
bullish trend for LUNC continues and additional ecosystem growth
takes place, even though short-term price behavior is
unpredictable. (This site’s content should not be construed as
investment advice. Investing involves risk. When you invest, your
capital is subject to risk). Featured image from Shutterstock
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