After the Gold, Dow, S&P 500, and Nasdaq all ended last week in a red candle, we’re so far seeing a rebound at this week’s open.
Meanwhile, the cryptocurrency market started the week in the red as BTC and ETH, currently trading at $17,037 and $1,252, are down 0.67% and 1.59%, respectively, as of writing.
The cryptocurrency market cap took a hit early on in the trading session today, leaving it with a $9.43 billion loss in the first four hours. Fortunately, since then, it has bounced back and is now hovering at approximately $800 billion in total market cap, according to TradingView.
As the markets open, volatility is expected in crypto and other risk assets, which means there is money to be made for day traders. Taking positions in longer-term investments is also wise for portfolio diversification, and we have done the work and gathered five of the best cryptos to buy today, December 12.
Dash 2 Trade (D2T)
Dash 2 Trade will launch in early 2023 as a trading intelligence platform based on Ethereum that gives investors real-time analytics and social trading data to assist them in making better investment choices. Its D2T token is planned to be used to pay monthly subscriptions once the platform goes live.
With listing confirmation from Uniswap, BitMart, and LBANK Exchange for next year, those who get in during the presale (which has already raised more than $9.5 million dollars) will have immediate liquidity, though investors may wish to hold onto this one for the long haul to take advantage of the platform’s growth.
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ApeCoin has been doing well the past couple of days with the cryptocurrency finally breaking out from its Fib 0.382 to 0.236 level range that lasted for more than a week. Yesterday, the price attempted a breakout from the $4.195 to $4.3 area of resistance, registering a daily high of $4.587, but the price eventually fell again to close at $4.295. As of now, the crypto has kept up its bullish momentum and is trading at $4.28, up 1.8% for the day so far.
As it gets closer to the daily EMA 100, investors can anticipate a climb in value. If it breaks out from there convincingly, prices have a good chance of hitting the psychological resistance line of $5.
Calvaria is a new Web3 gaming project with the potential to take play-to-earn games by storm. One of the primary issues preventing wider adoption of Web3 gaming is that most titles require users to already have knowledge about cryptocurrencies. By including a free version and making it easy for anyone to get into playing their game, the Calvaria team hopes to attract new players to Web3 gaming.
Interested investors will need to hurry as RIA has entered the final stage of its presale.
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Now currently trading at all-time low levels, NEO is a possible candidate for bottom fishing, with the support levels clearly defined.
The price has been steadily rising for the past couple of days and so far, the cryptocurrency is up by 3.57% for the month after bouncing from its $6.70 support.
As the price rises above its daily EMA 20 and approaches the EMA 50, NEO is trading at $7.33 as of writing. With continued momentum, the next possible resistance for this coin is $7.70.
The newly-launched RobotEra project (TARO) has the potential to change both the gaming community and the virtual world. Although its presale has only recently begun, there is already significant interest from buyers.
The TARO token is the native cryptocurrency for the RobotEra gaming platform, and it allows users to create avatars and explore and rebuild a digital world. In addition, users can buy land, build on it, and expand their regions with various assets.
In RobotEra’s shared metaverse, users can also participate in sports, concerts, other competitive events, as well as purchase land or property. The first stage of TARO’s presale is now live and selling out fast, with half a million dollars raised soon after launch.
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