Best Crypto To Buy Now On December 5 – STX, CFX, ORDI
The crypto market is again showing resilience and amid the fluctuations, the best crypto to buy on December 5 are Stacks (STX), Conflux (CFX), and ORDI.
Addressing the recent bull market, the whole crypto market has experienced a major price gap between the top 100 and top 200 tokens. The global cryptocurrency market boasts a total capitalization of $1.6 trillion. The trading volume across all cryptocurrencies in the last day has reached $163 billion. Above that Bitcoin maintains its dominance at 50.7%, while Ethereum follows with a dominance of 16.5%
Best Crypto To Buy Now
Within the top 200 cryptos, Stacks (STX), Conflux (CFX), and ORDI have gathered more investors defying most of the altcoins in terms of trading volume and realized profits. Let’s unfold the selected cryptos to know why the three are some of the best cryptos to buy now.
Stacks (STX) Price Prediction: Price Jumps Over 30%
Stacks (STX) experienced a significant surge, primarily attributed to a sudden whale accumulation and increased activity from smaller investors. Notably, the token’s price action had been confined below the $0.7 resistance within a declining channel pattern.
However, the pattern was successfully broken on November 28, following a month of consolidation. Currently, STX is trading above its 50-day Simple Moving Average (SMA), signaling positive momentum. The Relative Strength Index (RSI) is above the overbought zone at 76, indicating potential overvaluation.
At the press time, Stacks (STX) price was trading at $1.11, with a 24-hour trading volume of $456 million. This is a 31.97% increase in the previous 24 hours and a 76.88% increase in the last 7 days.
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Conflux (CFX) Price Prediction: Bsim Fueled Optimism
Conflux (CFX) witnessed a notable 20% price surge, likely triggered by the recent introduction of Bsim on the Conflux Network. The announcement, shared in the Conflux Wechat group, fueled optimism among investors. Breaking out of the $0.14 to $0.18 range, the token reached a high of $0.22.
With the 50-day Simple Moving Average (SMA) positioned below the current trading price at $0.15, the token maintains a bullish outlook. However, caution is advised as the 14-day Relative Strength Index (RSI) is descending from the 70 mark, indicating a mild selling pressure.
Conflux (CFX) was trading at $0.211282 with a 24-hour trading volume of $340 million. It marks a 24.02% increase in the last 24 hours and a 39.98% increase in the last 7 days.
ORDI Price Prediction: Price Spikes More Than 150%
ORDI’s price action forms a rising megaphone pattern on the 4-hour chart, suggesting a potential impending bearish trend. The recent surge is linked to Bitcoin’s bullish movement above $41,000. The Relative Strength Index (RSI) is at 80, slightly down from the previous day’s 93, but it remains in the overbought zone. This persistent overbought condition raises the possibility of sell pressure, potentially pushing the price below $50.
ORDI was trading at $50.10, with a 24-hour trading volume of $10 billion. This is a 15.46% gain in the last 24 hours and a 154.13% increase in the last 7 days.
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