Best Crypto To Buy Now On December 8

 Best Crypto To Buy Now On December 8

BONK, BTT, and OP are top gainers on December 8 which makes them some of the best crypto to buy now. The skyrocketing surge in the crypto market has not only been limited to decentralized protocol tokens but also extended to meme coins. BONK, the dog-themed coin that recently secured the third rank in dog-themed coins is surging again. Along with BitTorrent (BTT) and Optimism (OP), let’s explore the best crypto to buy on December 8.

Best Crypto To Buy Now

BONK Price Prediction

bonk price chart
BONK Crypto Price

After a recent rally of 33%, BONK has gained traction again. While most of the meme coins are not moving much, BONK is recording high trading frequencies leading to a series of bull runs.

Recently, the Solana-backed meme coin has replaced FLOKI in market capitalization to become the third-largest dog-themed coin. This record-high transition has attracted investors in BONK leaving even meme coin market giants like DOGE and SHIB behind.

BONK is currently undergoing a robust bullish movement, with the price reaching an exponential high of $0.0000152. Notably, the previous high at $0.0000100 has transformed into a support level. The Relative Strength Index (RSI) is at 89, indicating an overbought zone. The Moving Average Convergence Divergence (MACD) displays extended green histograms, signifying a strong bullish momentum.

Bonk was trading at $0.00001210 with a 24-hour trading volume of $184 million. This is a 32.20% gain in the last 24 hours and a 197.21% increase in the last 7 days.

Also Read: EU Advances Talks To Strike Balance Between AI Progress & Privacy Protection

BitTorrent (BTT) Price Prediction

btt price chart
BTT Crypto Price

BTT price rise is a prime example of gain from another’s success. Recently Justin Sun, the CEO of Tron announced that the Tron network has reached 200 million users. This news however didn’t affect Tron but BTT. BTT the native token of BitTorrent was acquired by Tron in 2018.

Coming to the technicals, on the daily chart, BTT’s price movement has formed a falling wedge formation, although the current increase in the previous 24 hours can be attributed to surrounding hype.

Surprisingly, the token has broken out of its downward pattern, resulting in a 112% bull run in a single week. The RSI (Relative Strength Index) stands at 83. This indicates an overpriced market price, and sellers could enter at any time. The MACD is producing green histograms, indicating a bullish hold.

As of writing, BitTorrent (BTT) was trading at $0.000000988935, with a 24-hour dealing volume of $284 million. In the last 24 hours, the price has risen by 28.86%.

Optimism (OP) Price Prediction

optimism price chart
OP Crypto Price

The recent surge in Optimism (OP) came as Kraken started USDT payments through OP FND. This latest news allowed the OP price to rise over the critical resistance zone of $1.828 to $1.883. Following the big increase, the price experienced a slight pullback but has now recovered again with a bull run to $2.

On the daily chart, OP has made a breakout through an ascending triangle pattern, which is considered to be a bullish indication. The RSI however came back after touching the upper band of 70 indicating possible selling pressure. The MACD is again indicating a bullish cycle.

At the press time, Optimism (OP) price was trading at $2.12, with a 24-hour trading volume of $667 million. This is a 22.12% increase in the previous 24 hours and a 23.42% increase in the last 7 days.

Also Read: Bitcoin Price Can Hit $50,000 Next Week, Predicts Popular Crypto Analysts

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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