By Best Crypto to Buy Now December 13 – Fetch.ai, NEO, Cosmos
Last updated: December 13, 2023 03:26 EST
. 12 min read
Fetch.ai’s FET price has spiked above $0.65, setting a new 2023 high as investors analyze the best crypto to buy now.
Meanwhile, NEO is outpacing the broader crypto market with weekly gains, and Cosmos is also ascending due to ecosystem expansion and the Osmosis-Umee merger.
Interest is also pivoting to the Bitcoin ETF Token and Meme Kombat crypto presales, which boast unique use cases and robust tokenomics.
Best Crypto to Buy Now in the News
Fetch.ai has witnessed its token, FET, reach a yearly high of $0.6550, before settling to the current level of low $0.65. This movement signifies a notable increase from prior valuations.
Coinciding with the price surge, trading volumes have spiked, indicating a growing investor interest in the artificial intelligence-focused platform.
Despite a bearish divergence in the RSI, which could signal a deceleration of the rally, the index remains above 50 — typically a bullish market indicator.
Projections for FET suggest a potential ascent toward the $0.70 psychological level.
NEO is experiencing a rise in its price, currently standing at $12.75, marking a 4.77% increase so far today.
Notably, NEO has shown a week-on-week improvement of 4.47%, outperforming the broader decline observed in the cryptocurrency market.
The cryptocurrency is still on an upward trajectory, with predictions setting its price at $14.
Technical indicators for NEO are favorable, with the token’s price rebounding from a support level and exponential moving averages pointing upwards, suggesting a continuation of the upward trend.
Cosmos (ATOM) has also made headlines with a substantial rise in its trading price yesterday, reaching $12 for the first time since earlier this year in April.
The token’s impressive performance, rising 100% from its yearly low, has analysts suggesting a further increase to around $15.40.
Decoding the Osmosis and Umee Merger: A Potential Cosmos Ecosystem Game Changer
Osmosis and Umee (UX chain) are on the verge of a strategic merger, reshaping the #cosmos landscape.@osmosiszone $OSMO@ux_xyz $UX#CosmosEcosystem https://t.co/sIs6A7Xg9V
1/
— Cosmos Club ⚛️ (@CosmosClub_) December 13, 2023
The Cosmos ecosystem has seen considerable growth, particularly with the merger between Umee and Osmosis protocols, expected to forge a ‘DeFi hub’ on the Cosmos blockchain.
ATOM’s bullish trend is further reinforced by Osmosis’ rally and the ecosystem’s overall expansion. Market predictions place ATOM at approximately $13 for the first quarter of 2024, reflecting the positive sentiment surrounding these developments.
Amid these established cryptocurrencies, new crypto projects like the Bitcoin ETF Token and Meme Kombat are stepping into the spotlight. These crypto presales are attracting the attention of the market, with their potential yet to be fully realized.
The contributions of Fetch.ai, NEO, Cosmos, Bitcoin ETF Token, and Meme Kombat highlight the ongoing progress in blockchain technology, attracting the attention of investors searching for the best crypto to buy now.
Fetch.ai’s FET Price Surges to New Year-to-Date High: What’s Driving the Momentum?
The recent surge in Fetch.ai’s price has caught the attention of traders as the FET price continues to climb, setting a new year-to-date high of $0.6550 earlier today.
In the latest developments, the FET price has experienced a notable uptick of 7.91% so far today, with the current price hovering around $0.6508.
This bullish trend is reflected in various technical indicators, suggesting that the momentum may well continue in the near term.
A closer examination of moving averages reveals a positive trend, with the 20-day EMA at $0.5327, the 50-day EMA at $0.4608, and the 100-day EMA at a much lower $0.3854.
This ascending alignment of EMAs underscores the strength of the current bullish phase, as the FET price sustains above these key average levels.
Typically, such alignment indicates a robust uptrend, and as long as the FET price remains above these averages, the bullish sentiment is likely to persist.
FET’s RSI is nearing the overbought threshold with a reading of 68.62, an increase from the previous day’s reading of 64.27.
While an RSI approaching 70 often suggests that the cryptocurrency may be becoming overbought, it can also indicate strong momentum, which can continue in a vigorous bull market.
Adding to the bullish narrative, the MACD histogram has also shifted to a positive value of 0.0022 from yesterday’s negative -0.0046.
This indicates a bullish MACD crossover, a signal that may entice traders to capitalize on the momentum.
In terms of resistance and support levels, the FET price has surpassed the swing high resistance of $0.5941 to $0.6084, which aligns with the $0.60 psychologically significant level.
With this breakthrough, the focus shifts to the overhead resistance zone ranging from $0.6717 to $0.6960.
This band is further reinforced by the extended Fib -0.5 level of $0.6885, which could serve as a target for bullish traders.
On the flip side, today’s bullish price action suggests that the previous resistance level could be re-established as support, with the immediate floor now at the 20-day EMA of $0.5327.
Additionally, the horizontal support zone between $0.4835 and $0.5022, congruent with the Fib 0.382 level of $0.4957, may provide a safety net for the FET price should any retracement occur.
With the FET price maintaining its upward trajectory above critical support levels, the indicators point towards a sustained bullish trend.
However, traders should be vigilant for signs of a potential reversal, especially as the RSI approaches overbought territory.
The prevailing market conditions suggest that maintaining positions that align with the current trend, while being prepared to adjust in response to any shifts in the technicals, might be the judicious approach for those involved in FET trading activities.
Bullish Outlook for NEO Price: Technical Indicators Point to Uptrend
The NEO price rally persists, with the cryptocurrency extending yesterday’s 3.57% gain after rebounding off its immediate support zone.
The increase of 4.77% so far today sees the NEO price currently trading at $12.75, edging closer to challenging its immediate resistance zone.
This continued upward movement is painting a potentially bullish scenario as the NEO price seeks to break through the foreseen ceiling.
Technical indicators for NEO are offering a glimpse into the asset’s momentum, with the 20-day EMA at $11.94, the 50-day EMA at $11.05, and the 100-day EMA at $10.08.
The ascending arrangement of these EMAs provides a bullish backdrop, as the NEO price remains well above these levels, suggesting a firm uptrend.
The RSI for NEO has climbed to 59.64, a notable increase from yesterday’s 55.02.
This uptick in RSI reflects growing buying pressure and, while not overbought, indicates that buyers currently have the upper hand.
However, with the RSI still under the typical overbought threshold of 70, there remains room for upward movement before the asset is considered overextended.
A key development in NEO’s technical analysis is the MACD histogram, which stands at 0.04, up from 0.02 the previous day.
This positive momentum in the MACD histogram is critical as it avoids a bearish crossover, which could have signaled a potential reversal of NEO’s price trend.
Investors and traders are keeping a keen eye on the NEO price as it approaches the horizontal resistance zone between $13.36 and $14.20.
This zone is particularly notable as it coincides with the Fib 0.236 level of $13.37, adding extra weight to the resistance.
A conclusive break above this area could confirm the continuation of the bullish trend and possibly lead to further gains.
Conversely, the NEO price is supported by a horizontal support zone ranging from $11.63 to $12.05.
This zone is bolstered by the proximity of the 20-day EMA at $11.95 and the Fib 0.382 level of $12.05, providing a robust safety net.
Should the NEO price retreat, maintaining this support is crucial to prevent a bearish downturn.
The NEO price is currently in a bullish phase, backed by positive readings from key technical indicators.
The NEO price’s ability to sustain above its support levels and the potential for a breakout above immediate resistance presents a favorable short-term outlook.
Traders should monitor these levels closely, as a breach of the resistance could lead to a new leg up, while a fall below support might signal a need to reassess the bullish sentiment.
Minor Setback or Reversal? ATOM Price Teeters on Its Fibonacci Retracement Levels
The ATOM price has recently encountered a minor setback after yesterday’s 19.11% surge to the upside.
This has led traders to closely monitor the asset for signs of a continued uptrend or a potential reversal.
Currently, ATOM’s price action suggests a tentative stance as it teeters around crucial support levels.
Cosmos (ATOM) is demonstrating a clear bullish structure on its moving averages, with the 20-day EMA at $10.029, the 50-day EMA at $9.191, and the 100-day EMA at $8.658.
The ascending order of these EMAs is typically a bullish indicator, suggesting that the momentum has been in favor of the bulls in the medium term.
However, the current price action of ATOM, which has seen a reduction by 4.21% so far today, is testing this bullish thesis.
Traders are attentive to the RSI, which has receded to 64.33 from a high of 70.70.
This slight pullback from the cusp of the overbought threshold (RSI 70) could be signaling a normal retracement or a potential rejection at a key resistance level.
This indication of a cooldown in buying pressure may offer a crucial moment for ATOM price watchers to reassess the momentum.
The MACD histogram has ticked up to 0.130 from 0.116 the previous day, reinforcing the notion that the bullish momentum, while slowing, remains intact.
The histogram’s positive value suggests that the upward trend could still prevail provided other factors align favorably.
As ATOM price navigates this critical juncture, the immediate resistance zone between $11.707 and $11.962, which aligns with the Fib 0.236 level of $11.709, is the barrier traders are eyeing.
A decisive break above this range could rejuvenate bullish sentiment and potentially lead to a continuation of the recent upward trajectory.
Conversely, the immediate support level, as dictated by the Fib 0.382 level of $11.277, followed closely by the Fib 0.5 level of $10.928, is where buyers have previously stepped in.
Earlier in the trading session, the ATOM price tested these grounds, reaching an intraday low of $10.737, before making a modest recovery.
In the immediate future, the ATOM price’s ability to sustain above the mentioned Fibonacci support levels could be indicative of its resilience and potential to resume the uptrend.
Should the price break below, however, a deeper retracement could be on the horizon, with traders seeking to capitalize on potential entry points at lower support levels.
In conclusion, while the bullish setup remains prevalent for Cosmos (ATOM), today’s price action and technical indicators suggest a cautious approach.
Traders would do well to keep a close watch on the immediate support and resistance levels, as a breach to either side could dictate the direction of the next significant price move for ATOM.
While FET, NEO, and ATOM react to shifting cryptocurrency market dynamics, investors are also looking for undiscovered crypto projects for potential growth opportunities.
Finding Overlooked Crypto Disruptors: Intriguing Bitcoin Alternatives
While Bitcoin dominates the crypto headlines, some lower-profile blockchain projects are quietly building unique value propositions that could disrupt the future of cryptocurrency.
Rather than chasing established coins with inflated valuations, forward-thinking investors may want to target early-stage ventures developing disruptive crypto solutions.
Getting in early with the right Bitcoin alternatives could provide significant upside potential.
Two Bitcoin alternatives worth tracking are Bitcoin ETF Token and Meme Kombat.
Bitcoin ETF Token seeks to capitalize on the hype surrounding the SEC’s pending approval of Bitcoin ETFs, while Meme Kombat is building a meme-based crypto gaming platform centered around AI-powered play-to-earn mechanics.
Participating in presales gives investors maximum exposure to a project’s potential growth trajectory as the project scales.
While riskier, investing in the right project during its presale can produce returns down the line.
For investors seeking the best crypto to buy now, exploring developing Bitcoin alternatives could pave the way to potential gains.
The next big disruptor may be quietly building now under the radar.
Bitcoin ETF Token Presale Heats up as SEC Decision Nears – Is It the Best Crypto to Buy Now?
A new cryptocurrency token is seeking to benefit from the possible approval of Bitcoin exchange-traded funds (ETFs) by US regulators.
The Bitcoin ETF Token has an ongoing crypto presale that has so far pulled in nearly $3.8 million from investors expecting a price boost when the token eventually lists on exchanges.
Get ready for the imminent transformation in the #Crypto and #StockMarket realms as #Bitcoin ETFs aim to enhance accessibility to digital assets for every trader. 🌐💱
Supported by key figures such as @BlackRock, the outlook for #BitcoinETF appears very bright! #Web3 pic.twitter.com/7fwsK8leIU
— BTCETF_Token (@BTCETF_Token) December 13, 2023
The project uses a unique token-burning system designed to reduce supply at key points to potentially increase value.
The first 25% token burn takes place if the Securities and Exchange Commission approves a Bitcoin ETF, which some industry experts predict may occur soon.
Additional burns are triggered by other major Bitcoin ETF milestones.
There is also a 5% transaction fee on trades that destroy tokens over time, making Bitcoin ETF Token more scarce.
These deflationary tactics intend to spike token prices during periods of high demand around Bitcoin ETF announcements.
Long-term holders are also rewarded through staking rewards of up to 73% APY.
Having sold 97% of its allotted tokens at $0.0066, the current stage of Bitcoin ETF Token’s presale ends in under 24 hours.
The approval of Bitcoin ETFs has long been desired but denied by regulators until now.
However, the recent appointment of new SEC chair Gary Gensler has revived hopes that a Bitcoin ETF may finally happen soon.
If approved, a Bitcoin ETF could bring billions of investment dollars into the crypto market.
By tying itself to the Bitcoin ETF narrative, the Bitcoin ETF Token is attempting to capitalize on any potential influx of new crypto interest.
Visit Bitcoin ETF Token Now
Game On with Meme Kombat: The Best Crypto to Buy Now and Play
A crypto gaming platform called Meme Kombat has raised over $2.9 million so far in its ongoing presale event for its native token, $MK.
Meme Kombat seeks to capitalize on the popularity of meme coins by featuring battles between meme characters powered by artificial intelligence.
If you could have anything added to the Meme Kombat Telegram or even the Discord that is coming soon? What would it be? pic.twitter.com/mCWJ8HIgDa
— Meme Kombat (@Meme_Kombat) December 12, 2023
The presale success has sparked speculation that $MK could follow the trajectory of other meme coins that generated returns for early backers.
One such example is Pepe Coin, which rose over 2,000% shortly after its launch earlier this year.
Meme Kombat is launching on the Ethereum blockchain and combines gaming, staking, and betting features.
The battle arena will operate in seasons, with Season 1 featuring 11 meme coin characters for PvP matchups after the presale concludes.
Players can wager $MK tokens on battle outcomes and earn rewards for participating.
The game also offers a staking protocol where token holders can earn up to 290% APY on their $MK tokens.
The presale is structured in stages, with the price per token rising at each new stage. The current price of $0.235 per token is set to end in less than a day.
Of the total supply of 120 million $MK tokens, 60 million (50%) are available for purchase in the presale.
The project’s whitepaper states that 30% of the supply will fund staking and battle rewards, while 10% is allocated for community rewards and 10% is reserved for decentralized exchange listings.
For investors looking to diversify into highly speculative, high-risk/high-reward cryptocurrencies, Meme Kombat could be one of the best crypto to buy now as it rides the dual trends of crypto gaming and memes.
Visit Meme Kombat Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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