The dynamic nature of the Crypto space has once again highlighted some top cryptocurrencies worth considering for investment. Cardano (ADA) has garnered significant attention with its recent exponential increase in TVL, while BONK has unexpectedly surged in price and market cap, securing a spot among the top three dog-themed coins. Avalanche (AVAX) witnessed substantial growth in address count after Star Arena’s significant accumulation. The notable performance of top gainers on December 9 has led us to compile a list of some of the best cryptocurrencies to consider for purchase.
Cardano (ADA) is currently reaching its annual peak, encountering resistance at $0.6, which has contributed to price stability. Breaking the $0.45 resistance led to a significant surge in Total Value Locked (TVL).With the surpassing of the $0.5 price barrier, bullish sentiment has risen, instilling optimism for further gains. The Relative Strength Index (RSI) stands at 89, signaling a bullish stance, but caution is advised due to the risk of overvaluation, potentially indicating an imminent bear market.As of the present moment, Cardano’s (ADA) price is trading at $0.619709, boasting a 25.42% gain in the last 24 hours and a notable 58.65% increase over the past 7 days, with a 24-hour trading volume of $25 billion.
The meme coin BONK is currently experiencing a robust bullish trend, achieving an all-time high (ATH) price of $0.0000145. Notably, the previous high at $0.0000100 has now become a support level.With the Relative Strength Index (RSI) at 91, indicating an overbought zone, and the Moving Average Convergence Divergence (MACD) showing extended green histograms, there is a clear indication of strong bullish momentum.At the time of writing, Bonk is trading at $0.00001432, boasting a 15.89% gain in the past 24 hours and an impressive 220.72% increase over the last 7 days, with a 24-hour trading volume of $137 million.
AVAX’s recent price action successfully broke out from an ascending triangle pattern, surpassing resistance at $22.7. This pattern breach resulted in an immediate 8% surge on the same day.In the subsequent four days, the token underwent exponential growth, achieving a noteworthy increase of over 30%. The Relative Strength Index (RSI) at 86 indicates an overbought market, and the Moving Average Convergence Divergence (MACD) exhibits elevated green histograms, signaling robust bullish momentum.At the time of writing, Avalanche (AVAX) is trading at $33.10, with a 24-hour trading volume of $18 billion. This reflects a significant 21.38% price surge in the last 24 hours and an impressive 49.65% increase over the past 7 days.
