Crypto The market starts a new month with optimism. In this regard, Celestia (TIA), Avalanche (AVAX), and Polkadot (DOT) may be some of the best cryptos to buy in December.
The global crypto market is up 1.9% with a market cap of $1.51 trillion. However, the top earners contributed a lot. Speaking of Bitcoin, the flagship crypto broke the $38,000 mark, trading at $38,595.71. As the Spot Bitcoin ETF allocation date approaches, BitcoinOptimism surrounding is also growing.
If we talk about the top gainers, Celestia (TIA). Avalanche (AVAX) and Polkadot (DOT) are currently leading the market. These coins are considered stable. In this context, they are considered the best choices of experts.
Best Cryptoassets to Buy Now
Here is TIA, according to experts: AVAX and why DOT is the best cryptos to buy as of December 1st.
Celestia (TIA) Price Prediction
Celestia (TIA) has recently become one of the best protocols when it comes to L2 solutions. Recently Celestia introduced Ethereum fallback for OP Stack which will minimize disruptions due to L2 block data sending errors. It will ensure that user funds remain fluid in L2’s bridging contract. This development attracted investors to TIA to invest in the emerging technology.
Celestia (TIA) is exhibiting a bullish regression pattern in price action with resistance at $7.27 and local support at $6.20. Experts predict a potential rally towards $8 with the breakout of resistance.
The 50-day Moving Average (MA) is at $5.97, indicating an uptrend. In addition, the Relative Strength Index (RSI) is at 70, reflecting a high bullish trend. However, selling pressure is likely to trigger a slight decline. Additionally, Celestia (TIA) is trading at $7.03. TIA has experienced a significant increase of 9.84% in the last 24 hours and 24.57% in the last 7 days.
Avalanche (AVAX) Price Prediction
Avalanche (AVAX) has always been one of the best Defi tokens when it comes to transaction speed. The recent rise in AVAX price is attributed to the rise in TVL. Total Value Locked (TVL) for AVAX increased by a staggering 20% in one month to $666 million.
Avalanche (AVAX) is poised to break the price resistance line, especially with the recent increase in volume. It also shows promising signs in this regard. It has increased by an impressive 180% in the last 42 days. This is in line with the broader recovery trend among various cryptocurrencies.
A minor correction is in progress following a positive impulse. However, the current setup indicates the potential for another upward push. At the time of writing, Avalanche (AVAX) price is trading at $22.25. Additionally, the 24-hour trading volume was $552,751,395.20. This marks a significant price increase of 5.62% in the last 24 hours. Additionally, it indicates a solid rise of 5.10% in the last 7 days.
Polkadot (DOT) Price Prediction
Polkadot’s native token, DOT, has recently formed a bullish rally after a period of sustained decline from August to October. The Polkadot Foundation announced in a statement on November 29 that it is planning a trial investment of $1 million in U.S. Treasury securities. This investment will be tokenized on-chain using Anemoy and reflects the increasing integration of traditional financial instruments into the blockchain space.
Additionally, according to Santiment data, Polkadot Developer activity in the ecosystem has increased since November 28, leading to the current price rally.
Polkadot (DOT) forms a symmetrical triangle formation in its price movement. Experts suggest that a breakout from above could start a potential bull rally. The Relative Strength Index (RSI) stands at 57, indicating neutral market sentiment.
Polkadot (DOT) price is trading at $5.43 with a 24-hour trading volume of $289,845,493.36. This represents an increase of 4.20% over the previous 24 hours and 4.22% over the last 7 days. Traders are closely watching whether there will be a decisive move in the coming sessions to confirm the direction of the price trend.