The cryptocurrency market is resilient amidst fluctuations, pointing to top picks for December 5: Stacks (STX), Conflux (CFX), and ORDI.
In the recent bullish market, the top 100 and top 200 tokens showcase a price gap. The market capitalization stands at $1.6 trillion with a trading volume of $163 billion across cryptocurrencies. Bitcoin holds a dominance of 50.7%, while Ethereum follows at 16.5%.
Best Cryptos To Invest In Among the top 200 cryptos, Stacks (STX), Conflux (CFX), and ORDI have attracted more investors, standing out in terms of trading volume and realized profits. Here’s a closer look at these top picks: Stacks (STX) surged significantly due to sudden whale accumulation and increased small investor activity. After consolidating for a month, STX broke a declining channel pattern on November 28, now trading above its 50-day Simple Moving Average (SMA). The Relative Strength Index (RSI) at 76 suggests potential overvaluation.
At present, Stacks (STX) is trading at $1.11, with a 24-hour volume of $456 million, marking a 31.97% increase in 24 hours and a 76.88% increase in 7 days.
Conflux (CFX) saw a 20% surge, likely driven by Bsim’s introduction on the Conflux Network. Breaking a range of $0.14 to $0.18, the token hit $0.22. While the 50-day SMA sits below at $0.15, caution is advised as the 14-day RSI, descending from 70, hints at mild selling pressure.
Conflux (CFX) trades at $0.211282, with a 24-hour volume of $340 million, marking a 24.02% gain in 24 hours and a 39.98% increase in 7 days.
ORDI shows a rising megaphone pattern, hinting at a potential bearish trend on the 4-hour chart. The recent spike aligns with Bitcoin’s rise above $41,000. RSI at 80, though down from 93, remains in the overbought zone, potentially leading to sell pressure, possibly pushing the price below $50.
ORDI trades at $50.10, with a 24-hour volume of $10 billion, showing a 15.46% gain in 24 hours and a 154.13% increase in 7 days.
