🚀 Ready for some hot crypto picks this December? Let's dive into the most exciting projects that are making waves right now!

1. Qubetics ($TICS) - The Web3 Game-Changer

This newcomer is absolutely crushing it! Currently in presale, Qubetics has already raised over $5.4M with 8,300+ token holders jumping on board. What makes it special? It's the world's first Web3 aggregator with a game-changing decentralized VPN. Trading at just $0.0311, analysts are predicting massive gains - we're talking potential 48,000% ROI post-mainnet. If you're looking for an early gem, this could be it!

2. WhiteBIT Nova

Just announced yesterday - WhiteBIT partnered with Visa to drop the most fire crypto debit card in Europe. 
This isn't just another card - it's a whole new level of crypto utility! It offers zero fees for opening, closing, or holding the card, up to 10% cashback on subscriptions. You can also get a physical version for it as well!
Crypto support for it is massive! It supports all the heavy hitters: BTC, ETH, XRP, SOL, NEAR, ADA, AVAX, DOGE, and more.

3. Stellar (XLM) - The Global Payments Revolutionary

If you're into real-world utility, Stellar is your play! They're making cross-border payments a breeze - think instant transfers with minimal fees1. Despite recent dips, XLM is positioned for a strong comeback, especially with their growing list of partnerships with financial institutions.

💎 My Take: December 2024 is looking HOT for crypto! Whether you're new to the game or a seasoned trader, these projects are worth keeping on your radar. Qubetics is bringing fresh innovation, WhiteBIT Nova is bridging crypto and real life, and Stellar's solving real-world problems.

Remember: Always DYOR (Do Your Own Research) before investing!

What are your thoughts on these picks? Drop a comment below! 🔥

Cardano (ADA) is below $1 first time in weeks – analysis by BeInCrypto

Cardano (ADA) price is currently trading below $1 for the first time since November 26, reflecting its ongoing downtrend. The ADX has risen to 41.2, confirming the strength of this bearish trend, as ADA continues to face pressure with a D- at 33.2 and D+ at 6.2.

Cardano price is currently in a strong bearish trend, with its EMA lines aligning to confirm the downward momentum. The ADX reading supports this view, indicating that the trend is gaining strength. If the bearish movement persists, ADA could first test the nearest support level at $0.87.

Should this support fail, ADA may continue its descent toward more critical levels at $0.65 and $0.519, where further price action will be critical in determining whether the downtrend continues.

On the other hand, if ADA price manages to reverse the current bearish trend and regain positive momentum, it could challenge the resistance at $1.11.

If this resistance is overcome, ADA price might continue its ascent, potentially reaching higher levels at $1.24 and $1.32.

#MarketCorrection #CardanoPricePrediction $ADA

MOVE soars after airdrop, yet enters correction. What's next?

Movement (MOVE), an Ethereum-based layer-2 blockchain, has surged 50% in price within the past 24 hours. The MOVE token price spike came just a day after the project’s official launch, which included distributing rewards through an airdrop to its early users.

On the 1-hour chart, the MOVE price hovers around the $0.6 mark but has previously rallied to $1.56. However, as it stands, the token is still in price discovery mode.

In crypto, price discovery is the process where buyers and sellers interact to establish a cryptocurrency’s fair market value. Since the token of the layer-2 project just launched, there is a high chance that it is yet to reach an agreed fair value.

But if the volume continues to climb, the altcoin might trade higher in the short term. However, if airdrop recipients begin to sell in large volumes, this might not happen. Instead, the token might experience a correction.

#MOVEOpening $MOVE

Ethereum (ETH) struggles at $4,000, but whales continue to accumulate

Ethereum’s price has struggled to close above the $4,000 mark for the second time in the last six months. Despite rallying close to this key psychological level, ETH was unable to maintain its position, signaling the need for a stronger bullish conviction to push the price past this barrier. 

Whale addresses holding between 10,000 and 100,000 ETH, which have demonstrated strong accumulation over the past five days, purchasing a combined total of 400,000 ETH worth over $1.5 billion. This significant accumulation highlights that large wallet holders continue to have confidence in Ethereum’s long-term growth. 

The whales’ buying activity highlights Ethereum’s attractiveness as an investment. Despite recent challenges in surpassing the $4,000 barrier, this large-scale accumulation demonstrates that institutional and high-net-worth investors are not deterred by short-term volatility.

Ethereum’s price dropped by 7% yesterday, now trading at $3,761. The altcoin king is attempting to secure $3,721 as support to avoid further declines. This level is crucial in determining whether ETH can maintain its bullish momentum or face a deeper pullback in the coming days.

Securing the $3,721 support is essential for Ethereum to break above $4,000. If this happens, ETH could reach a new year-to-date high above $4,093. This potential rally would also pave the way for ETH to set new all-time highs, reinforcing the positive outlook for the altcoin.

However, if Ethereum fails to maintain $3,721 support, it may drop toward $3,524. A further decline could send ETH down to $3,327. If this happens, the bullish thesis will be invalidated, and a more significant market correction may follow.

#MarketCorrection $ETH

🔥SUI hits a new ATH. Again.

With a strong positive breakout from its bullish flag pattern in the daily time frame, the Sui token has achieved a new all-time high of $4.47 with a trading volume of $4.58 billion, a change of +78.77%. This indicates increased bullish sentiment for the altcoin.

The Moving Average Convergence Divergence (MACD) displays a rising green histogram with its averages recording a bullish convergence in the daily time frame. This highlights an increase in the buying sentiment for this altcoin in the crypto market.

On the other hand, the SMA indicator constantly acts as a support to the SUI price chart. Reportedly, this indicates a strong bullish price outlook for the Sui token in the upcoming time.

Maintaining the price above its support level of $4 could set the stage for this altcoin to head toward its $4.75 mark. Moreover, if the bullish sentiment intensifies, this could push the price toward its higher price target of $5.5 this month.

However, if a bearish reversal occurs, the Sui crypto price may retest its support level of $4.00. Furthermore, if the bearish momentum intensifies, this could pull the price of this altcoin toward its lower support trendline of $3.250.

#SUIInTheSpotlight $SUI

XRP sees outflows, bear trend prevails: analysis

On December 4, XRP exchange outflow was 980.65 million. As of now, it has decreased to 44.17 million, indicating a difference of 936.48 million. This metric tracks the number of tokens taken out of exchanges.

Considering XRP’s current price is around $2.33, the exchange outflow between yesterday and the time of writing is worth $2 billion. Given the stated conditions, if the outflow continues to fall, XRP’s price might do the same.

On the daily chart, XRP has flashed three consecutive red candlesticks, indicating selling pressure on the altcoin. A further look at the chart shows that the trading volume of the cryptocurrency has decreased.

In short, a ton of the volume confirms that there has been more selling than buying. Should this continue, then XRP’s price might continue to fall. If validated and XRP exchange outflow declines, the value might drop to $1.90.

In a highly bearish scenario, the altcoin could drop to $1.46. However, this trend might change if the exchange outflow increases again. In that case, the price could bounce to $2.90.

#2024withBinance #AltcoinMarketWatch #XRP_ETF $XRP

🚀DOGE stuck in consolidation, but new highs are coming

The weekly trade is turning bearish for the DOGE price rally as the buying pressure is failing to mount. The trading volume witnessed a drop of over 12% in the past couple of days, which has extended bearish possibility for the token. However, the technicals suggest the current accumulation may end soon, which may result in a 50% breakout close to its ATH. The daily chart of DOGE suggests the token may continue to remain sluggish for the next few days. 

The Bollinger bands are going parallel after displaying a huge expansion, substantiating the sideways trend. Meanwhile, the RSI is trying to enter the overbought zone despite a rejection, displaying the growing strength of the bulls. The price has faced a notable rise in the selling volume during the past trading day and now that the pressure has eased, the price is believed to range and reach the peak of the symmetric triangle. This could materialize a 50% upswing to mark levels above $0.6. 

#AltcoinMarketWatch #doge⚡ $DOGE

🚀Sui hits $4 ATH. What's next?

Sui has been gaining significant attention from investors. Riding the wave of Bitcoin’s new all-time high, Sui also reached record levels. Since the U.S. election, the altcoin has surged by an impressive 118%, setting a new all-time high.

Sui has delivered remarkable returns of 760% since August, placing it among this year’s best-performing altcoins. Over the past month, it has traded within a tight range of $1.84 to $2.37. However, during the U.S. election, Sui broke out, climbing alongside Bitcoin and other altcoins. A few hours ago, it reached a new peak of $4.04.

Despite this milestone, Sui’s momentum has slowed, with minimal price changes since. On the daily chart, the Relative Strength Index (RSI) is at 74.32, suggesting bullish sentiment. Similarly, the Average Directional Index (ADX) has climbed to 23.28, indicating the potential for further gains.

While technical indicators remain positive, the trading volume tells a different story. Daily volume has fallen by 13.27% compared to the previous 24 hours. Despite this, Sui’s price has risen by 2.39% and is currently trading at $3.84.

Sui has been a top performer this year, delivering exceptional returns. However, with investors beginning to take profits, selling pressure may lead to a correction. Key support levels to watch are $3.19 and $2.90, with stronger support at $2.30 if the decline intensifies.

On the other hand, if Bitcoin continues its rally and draws more buyers into the market, Sui could defy expectations and surpass its recent all-time high.

#CryptoHistoricMoment #CryptoMarketHype #SUI🔥 $SUI

Solana breaks from a consolidation point: analysis

Solana has surpassed BNB to enter the top fifth crypto after rising over the consolidation around $230. The rise in the value of the star token, Bitcoin, helped the SOL price rise break the crucial resistance. Now that the price has initiated a huge breakout, the token is believed to maintain a steady ascending trend. However, the possibility of a bearish reversal also emerges, which could drag the levels back to $235 and levels slightly below. 

The bearish activity had outpowered the Solana bulls ever since the token formed a new ATH above $264. The price dropped further and the plunge in volume prevented the bulls from lifting the levels from the interim lows. However, with the beginning of the fresh monthly trade, the bulls seem to have gained acute strength. As a result, after the current breakout, the SOL price is primed to surpass the current ATH to reach $270 shortly. 

The short-term price action of Solana suggests the price has broken the upper resistance of the descending parallel channel and attracted bearish attention. However, the technicals continue to remain bullish, which suggests the price may withstand the bearish pressure and eventually enter the resistance zone between $247.09 and $250. The stochastic RSI has rebounded from the interim descensing trend, indicating the levels to remain around the upper threshold for a while. This hints towards an extended bullish consolidation that may assist the SOL price to rise above $250. 

Therefore, the Solana price could reach $300 before the end of 2024, provided the upcoming weekly close needs to be above the current ATH. Otherwise, the price may remain consolidated below the ATH for a long time and just before the yearly close could validate a strong upswing. 

#CryptoHistoricMoment #Solana_Blockchain $SOL

🚀ETH poised to break $4000. Here's why:

Ethereum (ETH) price is now 19% below its all-time high, with the potential to reach $4,000 for the first time since March 2024. Key metrics, including a rising 7-day MVRV and increased whale accumulation, highlight growing bullish sentiment around ETH.

If ETH breaks through the $4,000 level, it could begin a surge toward its previous high of $4,867, though failure to sustain this rally might result in a retest of key support levels.

Ethereum price current uptrend is shown by its EMA Lines, and if it can break into the $4,000 level, it could start a new surge. Then, it could test its previous all-time high of around $4,800.

Ethereum is showing strong potential to break the $4,000 level, supported by key drivers such as record institutional inflows into Ethereum ETFs, substantial whale accumulation, and heightened interest in staking-enabled ETF products.

At the same time, rising layer 2 transaction volumes and increasing DeFi TVL are setting the stage for Ethereum challenging its old high of $4,867 in the near term.

On the other hand, if the current uptrend isn’t strong enough and the ETH price can’t break or sustain above $4,000, it could test support zones around $3,688, $3,500, and even $3,255.

#ETHOnTheRise $ETH

XRP's monthly gains overcome all Solana's market cap

The XRP price has added an impressive $128 billion to its market cap, surpassing the entire market cap of Solana price in just 30 days. This significant surge has been a major factor in shifting investor attention and capital from Solana to XRP.  

Still, is it over for Solana?

The rally has sparked bullish expectations, with analysts forecasting a potential price surge to $400 and $600 in the coming months. This continued rise could position Solana as one of the top-performing assets in the crypto market, further solidifying its place among major blockchain projects. 

Despite the short-term bearish sentiment, , the Solana's price remains within a crucial range that traders closely monitor.

The Relative Strength Index (RSI) for Solana price has recently dipped below the neutral 50 mark, suggesting a weakening in buying momentum. The moving average convergence divergence (MACD) indicator has decreased bullish momentum, reinforcing the expectation of potential price consolidation or further correction in the short term.

In conclusion, while Solana’s recent breakout signals growth potential, XRP’s surge has overshadowed its market cap. With fluctuating momentum and mixed market sentiment, Solana’s future remains uncertain,

#XRPReclaimsTop3 #Solana_Blockchain $SOL $XRP

Cardano (ADA): what's after 25% weekly growth? – perspective by BeInCrypto

While ADA's upward momentum has sparked optimism among investors, it has also led to profit-taking, with many viewing the current levels as an opportunity to sell.

Smaller holders of ADA have been actively selling in recent weeks. Data indicates that wallets holding between 100 and 10,000 ADA have offloaded more than 72 million ADA worth over $92 million. This selling trend has persisted for over a month, highlighting ongoing profit-taking among retail investors.

Although the volume of sales by smaller holders is significant, it is not as impactful as the larger transactions made by whales.

On the chart, ADA approaches crucial resistance levels. Many are watching whether this rally can be sustained, especially with the psychological $1.30 threshold in play.

For Cardano to maintain its upward trajectory, it needs to flip the $1.30 resistance into support. If it can successfully hold above this level, the rally may continue. However, a failure to do so could lead to a pullback to the $1.01 support, erasing recent gains and potentially signaling the end of the bullish momentum.

If Cardano manages to hold $1.30 as support, the next target could be $1.50. A move above this level would further strengthen the bullish outlook, confirming that the current rally has legs. Such a scenario would invalidate the bearish thesis and signal continued growth, making $1.50 the next major resistance level.

#MicrosoftBTCInvestmentVote #CardanoSurCardanoSurge $ADA

Polygon (POL ex-MATIC) gets increased accumulation: $1 soon?

The Polygon token has reclaimed its position in the top 30 cryptocurrencies with a weekly price surge of ~50%. With this, this Ethereum-based Layer-2 altcoin is regaining momentum and preparing itself to achieve a multi-year high this bull run. We at CoinPedia have created an in-depth Polygon price analysis and possible short-term price targets.

After recording a new yearly low, the Polygon price has experienced a strong bullish reversal. This has resulted in this altcoin reclaiming an 8-month high. Moreover, the altcoin is on the verge of possibly breaching the resistance level of the channel pattern, highlighting increased bullish sentiment.

Moreover, with a surge of 143.36% during November, this altcoin has breached its resistance trendline of the descending channel pattern and has further formed an ascending channel pattern. Notably, this altcoin continues trading within it with a constant bullish price action.

The Moving Average Convergence Divergence (MACD) displays a constant green histogram in the 1D time frame. Moreover, with its averages recording a constant uptrend, the Polygon price may continue gaining momentum this week.

Maintaining the price above its support level of $0.690 could set the stage for this altcoin to prepare to retest its resistance level of $0.890. Furthermore, if the bullish momentum sustains at that point, this could result in it retesting its target price of $1.

Conversely, if the crypto market experiences an increase in liquidations, the POL coin price could retest its support level. Furthermore, if the bears dominate the crypto space, the MATIC price could retest its low of $0.50.

#Share1BNBDaily #Polygone $POL

Will Solana see extreme bullish reversal?

Solana (SOL) has been in a downward spiral over the past week. Since reaching a new all-time high of $264.63 on November 22, SOL has encountered a surge in selling pressure. This has caused its price to drop by almost 10% in the past seven days.

This decline has led to an uptick in long liquidations in the SOL futures market. With strengthening bearish sentiments, Solana long traders may face more losses. Here is why. 

Over the past week, SOL’s 8% price drop has wiped out $64 million in long positions from its derivatives market. 

This is a bearish signal for SOL because as Solana long traders attempt to avoid further losses to their investments, their selling pressure can increase and contribute to further downward movement in the market.

Notably, the decline in SOL’s price has led to a significant drop in activity in its derivatives market. This is reflected in the coin’s open interest, which currently rests at a weekly low of $3.34 billion. 

Solana’s Awesome Oscillator confirms the uptick in bearish bias toward the coin. As SOL’s price records a decline over the past week, the indicator has returned red histogram bars. 

If selling activity gains more momentum, SOL’s price will break below the crucial support level, formed at $231.54. A dip below this price point will send SOL’s price downward to $205.56. 

On the other hand, if buying pressure gains momentum, SOL’s price will climb toward its all-time high of $264.63.

#MarketBuyOrHold? #sol $SOL

Ripple could hit its highest price in 6 years

XRP's RSI currently sits at 72. This indicates a renewal of bullish momentum.

Ripple CMF is currently at 0.05, down from 0.10 when its price peaked at $1.63 a week ago, reflecting reduced capital inflows.

At 0.05, XRP’s CMF indicates slight bullish sentiment.

EMA lines remain bullish, with short-term lines positioned above long-term ones, signaling an ongoing uptrend. However, the narrowing gap between the lines suggests weakening bullish momentum, indicating a possible trend reversal.

If buying pressure strengthens and a new uptrend forms, XRP price could retest its recent high of $1.63. Breaking this level could push the price to $1.70, marking its highest value since 2018.

#MarketBuyOrHold? #Xrp🔥🔥 $XRP

Can XLM hit $1 this year? Let's find out!

The Stellar price has recorded a strong bullish recovery around its $0.43 mark. By hovering close to that psychological barrier since the week started, this altcoin has formed a resistance/support level around the price range. This further makes it a crucial watch level.

Specifically, with an intraday surge of over 14% with a trading volume of $4.233 billion, the Stellar price has reclaimed the $0.50 mark. Moreover, with the recent bullish candle, this altcoin has formed a flag pattern in the 1D time frame, suggesting a significant increase in the price action.

The Relative Strength Index (RSI) continues hovering above the overbought range in the daily time frame. This highlights an increase in the buying-over-selling pressure for the altcoin in the crypto market.

Further, the EMA 50/200-day has displayed a constant uptrend after experiencing a Golden Cross earlier this month. This suggests that the altcoin may continue gaining value in the upcoming time.

If the bullish sentiment sustains, the XLM coin price will breach its important resistance level of $0.50 and head toward its upper high of $0.60. Maintaining the price above that level could set the stage for this altcoin to retest its upper high of $0.70.

Conversely, if the bears outrun the bulls, the Stellar token will retest its support trendline of the flag pattern. Furthermore, if the bears dominate the crypto space, this could result in it plunging toward its lower support level of $0.40.

#MarketBuyOrHold? #Stellar $XLM

Solana faces $6 billion short bet as price drops 12% from peak

Solana (SOL) has faced increased selling pressure since it climbed to an all-time high of $264.63 on November 24. Exchanging hands at $232.72 at press time, the coin’s value has since dropped by 12%.

With waning bullish sentiment in the broader cryptocurrency market, this downward trend has prompted a surge in short positions, with traders betting on a further SOL price drop.

According to Coinglass, over the past 24 hours, the total value of Solana short positions has reached $6 billion, significantly outpacing long positions at $5.38 billion. This indicates a strong bearish sentiment among traders.

On the daily chart, SOL’s price is poised to break below its 20-day Exponential Moving Average (EMA). This indicator tracks the asset’s average price over 20 days, giving more weight to recent prices. 

Since October 11, it has consistently served as a dynamic support level for SOL. Currently, the 20-day EMA provides support at $226.52, and a decisive break below this level would confirm the shift toward bearish momentum. If this happens, the SOL price drop may reach $205.56.

On the other hand, if market sentiment becomes more bullish, SOL’s price may rally toward its all-time high of $264.63.

#MarketBuyOrHold? #solonapumping $SOL