As a seasoned crypto investor with over five years of experience in this ever-evolving market, I find myself intrigued by the recent dip in prices, which has presented an opportune moment to acquire some top-performing coins at discounted rates.
The prices of cryptocurrencies have plummeted by more than ten percent from their December peaks. This drop has undeniably caused pain for investors, but it also presents an opportunity due to significant markdowns. Since experts predict that Bitcoin and other popular altcoins will recover soon, here are some top cryptocurrencies to purchase at a reduced price before the next market upswing, especially around the Christmas season.
Best Crypto Coins To Buy This Christmas
Some of the best crypto coins to buy this Christmas season are Chainlink (LINK), Hedera Hashgraph (HBAR), and DexBoss (DEBO). These coins have strong fundamentals and technicals, meaning that they could bounce back and have strong returns in 2025.
Chainlink (LINK)
“Chainlink is considered one of the top cryptocurrencies to invest in due to its robust foundations as the largest crypto oracle. Notably, it has attracted significant investment from large investors such as whales and Donald Trump’s World Liberty Financial. Chainlink plays a crucial role in sectors like Decentralized Finance (DeFi) and Real-World Asset Tokenization.
Today’s graph demonstrates that the Chainlink price has developed a double-bottom formation at $19.94, approximately at the 50% Fibonacci Retracement mark. Additionally, it exhibited a modest doji candlestick pattern on Sunday, suggesting further upward movement. The coin has found strong backing at its 50-day Moving Average. Consequently, it is expected that Chainlink’s price will increase significantly by the year 2025. As previously stated on Monday, our short-term forecast for LINK suggests a potential price of $32.
DexBoss (DEBO)
DexBoss stands out as a distinct cryptocurrency investment option since it’s currently unavailable on trading platforms. Instead, it’s being offered through a token sale which has gained significant popularity, resulting in the developers successfully gathering funds exceeding $180,000.
DEBO is a cryptocurrency that almost assuredly offers substantial profits due to its current value of $0.01 being significantly lower than its anticipated listing price of $0.0505. Consequently, individuals who purchase this coin now and sell it at the time of listing can confidently expect significant returns.
DexBoss aspires to surpass well-known decentralized exchange (DEX) platforms such as Raydium and Orca by providing a broader selection of coins and lower fees. Additionally, it boasts cross-chain compatibility, enabling Ethereum tokens to communicate with Solana ones. You can acquire the DEBO token from this location.
Hedera Hashgraph (HBAR)
The price of Hedera Hashgraph has taken a significant dip recently, but it’s important to note its robust foundations, particularly its collaborations with industry giants such as Ubisoft, Google, and IBM. Additionally, there’s speculation that the SEC may give the green light to a Hedera Hashgraph ETF in 2025.
To put it simply, the coin exhibited a morning star candlestick pattern on Monday, which typically emerges during a declining trend. This pattern is recognized by its small body and short upper and lower wicks. Furthermore, HBAR’s price chart shows a falling wedge formation, with the two lines approaching each other, signifying potential convergence soon.
In simpler terms, a rising wedge formation in Hedera Hashgraph’s price chart usually signals a significant increase (bullish breakout). If this upward trend occurs, we can expect the Hedera Hashgraph price to rebound and possibly reach its highest point for the year so far ($0.1567). However, if the price falls below $0.2345, it could indicate a weakened bullish view, leading to further potential declines, maybe down to the 61.8% retracement level at $0.1815.
Other Cheap Altcoins To Buy
There are numerous other affordable cryptocurrencies that you might consider investing in due to their robust foundations and impressive technical indicators. Among the top choices in this category are Solana, Polkadot, Binance Coin, and Tron, which was created by Justin Sun.
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2024-12-23 16:20