As a seasoned analyst with over two decades of experience in the financial markets, I have witnessed numerous bull and bear cycles. The upcoming payouts from defunct crypto exchange FTX next year could indeed spark renewed interest in the cryptocurrency industry, potentially leading to further upside. In my professional opinion, here are some top cryptocurrencies to consider buying ahead of these anticipated payouts: FTX Token (FTT), DexBoss (DEBO), Near Protocol (NEAR), and Solana (SOL).
The FTX Token is an intriguing choice due to the attention it will undoubtedly receive in relation to the upcoming payouts. Its price has already demonstrated impressive growth this year, having risen by over 255% from its lowest level. The coin has broken through the key resistance point at $3.3897 and formed a golden cross pattern, suggesting a bullish breakout may be on the horizon.
DexBoss (DEBO) is another up-and-coming cryptocurrency that warrants attention. This DEX network aims to challenge established players like Uniswap and Raydium by offering superior services, such as supporting over 2,000 crypto tokens, boasting excellent safety features, and integrating artificial intelligence solutions.
Near Protocol (NEAR) is another strong contender for your investment dollars. Given its previous status as one of FTX’s top investments, it seems poised to capitalize on the anticipated payouts. The NEAR token has been in an uptrend for several months and currently sits above both the 200-week and 50-week moving averages, suggesting a continued bullish trend.
Lastly, Solana (SOL) is a top pick due to its potential for significant growth following the FTX payouts. Although it has dipped in recent days, Solana remains an attractive option given its strong fundamentals and the possibility of a rebound due to the January Effect.
As always, remember that investing in cryptocurrencies carries inherent risks, and it’s essential to do your own research before making any investment decisions. And as the saying goes, “Don’t put all your eggs in one basket—unless you’re collecting baskets!
In simpler terms, FTX – the now-defunct cryptocurrency exchange – plans to repay its creditors beginning next year, marking an end to a process that started in 2022. This restitution could potentially boost the crypto market as recipients may choose to invest more in digital coins. Here are some top cryptocurrencies predicted to thrive by 2025, ahead of the estimated $16 billion payouts.
Best Crypto To Buy Ahead of FTX Payouts
As an analyst, I would recommend considering investments in the FTX Token (FTT), Near Protocol (NEAR), Solana (SOL), and DexBoss (DEBO) ahead of the upcoming FTX payouts. These cryptocurrencies have shown potential and could yield significant returns given their current market positioning.
FTX Token (FTT)
The FTX Token could be a leading cryptocurrency to invest in as focus shifts towards upcoming dividends. The price of FTT has already surged by more than 255% from its lowest value this year. This digital coin has managed to break through the crucial resistance level at $3.3897, reaching its highest point since October 7.
The FTX Token has surpassed the 50% Fibonacci Retracement level and created a golden cross pattern, suggesting a possible bullish surge in its price. This bullish breakout could be further validated if the token continues to rise above its previous high of $4.1683. Conversely, a fall below the psychological barrier at $3.0 may indicate a continuation of the downward trend.
DexBoss (DEBO)
Consider adding the crypto asset DEBO to your portfolio before the anticipated FTX distributions in 2025. This emerging Decentralized Exchange (DEX) network garnered more than a quarter of a million dollars from investors during its token sale.
This network aspires to compete effectively against established platforms such as Uniswap and Raydium, by providing superior services. For instance, it will empower users to trade more than 2,000 cryptocurrency tokens, boast robust security measures, and implement artificial intelligence solutions. Purchase the DEBO token here.
Near Protocol (NEAR)
You might want to consider adding Near Protocol to your portfolio, as it was a significant investment on FTX and could potentially benefit from upcoming payouts. However, its Near token has experienced a decline recently, reaching a peak of $8.247 on December 6 but then dropping in the following days.
Over the past several months, the graph for weekly NEAR prices indicates a continuous upward trajectory. It consistently stays above the rising trendline which links the lowest points from late December last year. Additionally, NEAR has surpassed both its 200-week and 50-week moving averages.
Consequently, it’s plausible that the price could jump again and potentially reach the peak of $8.97 for the year, a rise of approximately 73%. However, falling below the rising trendline would challenge this optimistic outlook.
Solana (SOL)
Consider adding Solana to your portfolio as it’s one of the promising cryptos ahead of the anticipated FTX distributions. The SOL token has experienced a decline from $265 in November to its current price of $192. However, it has formed a chart pattern known as a falling wedge and bullish flag, which often indicates a bullish reversal. Moreover, it has found support at the 200-day moving average, providing a potential buying opportunity for investors.
Consequently, the January Effect could potentially drive its price up significantly over the next few days. If this occurs, a key level to focus on will be $210, which was its highest point in March this year, then the year-to-date high of $265. However, keep an eye on the 200-day moving average as dropping below it might suggest further price decreases.
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2024-12-30 15:24