Bonk Tops the List of Top Altcoins To Buy In December
Bonk, a meme coin built on the Solana blockchain, has experienced a significant surge in value over the past month. Its price has increased by 640% in 30 days, 240% in two weeks, and 70% in seven days.
This surge in value can be attributed to two major crypto exchanges, Coinbase and Binance, adding support for BONK. This increased exposure has led to higher adoption and demand for the meme coin.
Despite the recent market correction, Bonk’s price remains relatively high compared to its all-time high. Investors will be looking for higher support areas, particularly around the 20-day Exponential Moving Average (EMA) at $0.00001343.
Celestia Price Prediction: TIA Searching For Higher Support
Celestia, a newly launched crypto project, has sustained an uptrend for almost two months. Although it has fallen by 12% in the last 24 hours, it is currently trading at $12.
To resume its uptrend, Celestia needs to break the immediate resistance at $12.20, which is marked by the 50 EMA on the four-hour chart. Traders should be cautious about shorting TIA due to a sell signal from the Moving Average Convergence Divergence (MACD) indicator.
If Celestia can break the key resistance at $14, it will validate the uptrend and potentially target $20. However, losing support at $11.45 could result in a drop to $10 or even $8.
Internet Computer Price Prediction: Nurturing The Next ICP Breakout
Internet Computer has been one of the best-performing altcoins in December, with gains of 118% since the beginning of the month. Its price action has surprised many in the market, and FOMO (fear of missing out) has helped maintain its stability.
ICP experienced a setback last week when it faced resistance at $11. However, it has found support from the 20-EMA and is currently trading at $9.85. It is crucial for the bulls to defend this support level to prevent a drop to lower levels.
The MACD indicator suggests a bearish trend, but sidelined investors may see dips as buying opportunities. With increasing demand for the token, there is a high probability that the uptrend will regain traction above the resistance at $11.
Hot Take: Altcoins Show Resilience Amid Crypto Market Correction
The recent crypto market correction has seen Bitcoin’s price struggle to hold above $41,000. However, some altcoins have shown resilience and continue to perform well despite the overall market downturn.
Bonk, Celestia, and Internet Computer are among the top altcoins that have defied the trend and experienced significant gains. These altcoins have benefited from increased adoption, support from major exchanges, and strong price momentum.
While the market correction may cause some uncertainty, it also presents buying opportunities for investors looking to capitalize on potential future breakouts and higher support levels.
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