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12/09/2023

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Best Crypto To Buy Now On December 9 - ADA, BONK, AVAX

The uncertain nature of the crypto space again brought some of the best crypto to buy now. Cardano (ADA) with the recent exponential rise in its TVL has gained a lot of traction. Simultaneously, BONK’s sudden...

Best Crypto To Buy Now On December 9 - ADA, BONK, AVAX
Best Crypto To Buy Now On December 09 - ADA, BONK, AVAX

The uncertain nature of the crypto space again brought some of the best crypto to buy now. Cardano (ADA) with the recent exponential rise in its TVL has gained a lot of traction. Simultaneously, BONK’s sudden surge in price and market cap has put the meme coin in the top three dog-themed coins. Talking about Avalanche (AVAX), the depressed address count saw massive growth after Star Arena’s huge accumulation.

As the top gainers in December 9 showed a remarkable performance, we have compiled them into the list of some of the best crypto to buy.

Cardano (ADA) Price Prediction

cardano price chart
ADA Crypto Price

Cardano (ADA) is presently at its yearly high, encountering resistance at $0.6 which has maintained price stability. Upon breaking the $0.45 resistance, a substantial Total Value Locked (TVL) surge did the work.

Surpassing the $0.5 price barrier, bullish sentiment soared, fostering optimism for further gains. The Relative Strength Index (RSI) stands at 89, indicating a bullish stance, but caution is warranted as the risk of overvaluation may signal a potential bear market shortly.

At the press time, Cardano’s (ADA) price was trading at $0.619709, with a 24-hour trading volume of $25 billion. This marks a 25.42% gain in the last 24 hours and a 58.65% increase in the last 7 days.

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Also Read: Shiba Inu Lead Shytoshi Kusama Confirms Over $1 Million In SHIB And BONE Burn

BONK Price Prediction

Bonk price chart
BONK Crypto Price

Meme coin BONK is currently undergoing a robust bullish movement, with the price reaching an exponential high of $0.0000145 (ATH). Notably, the previous high at $0.0000100 has transformed into a support level.

The Relative Strength Index (RSI) is at 91, indicating an overbought zone, while the Moving Average Convergence Divergence (MACD) displays extended green histograms, signifying a strong bullish momentum.

As of writing, Bonk was trading at $0.00001432 with a 24-hour trading volume of $137 million. This marks a 15.89% gain in the previous 24 hours and a 220.72% increase in the last 7 days.

Avalanche (AVAX) Price Prediction

avalanche price chart
AVAX Crypto Price

AVAX’s price action recently achieved a breakout from an ascending triangle pattern, overcoming resistance at $22.7. Following this pattern breach, AVAX witnessed an immediate 8% surge on the same day.

Over the subsequent four days, the token experienced exponential growth, surpassing a remarkable 30% increase. Additionally, the Relative strength index (RSI) stands at 86, signaling an overbought market, while the Moving average convergence divergence (MACD) displays elevated green histograms, indicating the presence of bullish momentum.

As of writing, Avalanche (AVAX) price was trading at $33.10, accompanied by a 24-hour trading volume of $18 billion. This signifies a substantial 21.38% price surge in the last 24 hours and an impressive 49.65% increase over the past 7 days.

Also Read: Ripple CTO’s Discreet Message Sparks Speculation Among XRP Community

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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