Top 3 Crypto to Buy Before Santa Claus Rally

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As a seasoned crypto investor with over a decade of experience navigating market highs and lows, I can confidently say that the upcoming Santa Claus rally presents an exciting opportunity to bolster one’s portfolio. Having witnessed the incredible growth and evolution of this space, I firmly believe in the potential of these three red-hot cryptocurrencies: Ethena (ENA), DexBoss (DEBO), and Ondo Finance (ONDO).

The prices of cryptocurrencies may rise significantly during the traditional “Santa Claus Rally” period, potentially reaching new record highs for many coins. Bitcoin has already achieved a historical peak, and other popular altcoins might see similar gains. Here are some of the hottest cryptos to consider buying before the Santa Claus Rally begins.

Best Crypto to Buy Ahead of The Santa Claus Rally

Some of the best altcoins to buy in preparation for the Santa rally are Ethena (ENA), DexBoss, and Ondo Finance.

Ethena (ENA)

As a crypto investor, I can confidently say that Ethena stands out as an exceptional investment opportunity this year. Not too long ago, the coin was trading at just $0.1933 in September, but it skyrocketed to an impressive $1.3 by Monday.

The rally of this digital asset became stronger following the purchase of additional coins by Donald Trump’s World Liberty Finance (WLFI), and with USDe’s total value locked surpassing $6 billion for the first time. Investors are drawn to USDe due to its impressive 27% return, exceeding most other investment options available.

The price of Athena appears to be shaping up as a “cup and handle” pattern, with the top currently at approximately $1.5216. This pattern is often seen as particularly optimistic in terms of future price movements. Consequently, an initial prediction for Athena’s potential peak could reach the year-to-date high of $1.5216. If the price surpasses this level, the target would then shift to $2.7685. This higher target is determined by measuring the depth of the “cup” and extending it from the upper side of the pattern.

DexBoss (DEBO)

2021 has been a successful year for the idea of Decentralized Finance (DeFi), with the amount of transactions processed significantly increasing. One promising DeFi network that’s currently in its pre-sale phase is DexBoss, which is considered an excellent choice for cryptocurrency investment and long-term holding.

One advantage of purchasing it is that it’s currently priced at $0.01, but is expected to list at $0.050 – a significant increase of approximately 400% from its current value. DexBoss aspires to surpass other well-known platforms such as Uniswap and Raydium by offering reduced fees, access to over 2,000 tradable coins, and cross-chain compatibility. You can acquire the DEXBOSS token here.

Ondo Finance (ONDO)

The price of Ondo Finance has surged too, positioning it as a scorching hot cryptocurrency worth considering for investment and holding. This surge occurred due to increased interest in Real World Asset Tokenization assets and a significant increase in the total value locked, which now exceeds $613 million.

The daily graph indicates that the ONDO token has developed a cup and handle pattern and has surpassed the upper boundary at approximately $1.4840. Moreover, it continues to stay above the significant resistance level derived from the Murray Math Lines at $1.90. By examining the depth of this cup formation, we can predict that the ONDO token may potentially reach around $2.53, which aligns with an overshoot of the Murray Math Lines as well.

If the price falls slightly below the peak of the trading range, which is currently at $1.8, it could challenge the optimistic outlook, suggesting a possible further decline, possibly reaching the upper boundary of the cup-shaped pattern around $1.4840.

More cryptocurrencies to Buy

There are other popular cryptocurrencies to buy ahead of the Santa Claus rally. Some of the most notable ones are Hedera Hashgraph, Chainlink, Mantra, and Polkadot.

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2024-12-16 17:02