Top 6 Crypto to Buy in December 2021

According to our Technical analysts, CAKE, BEL, HI, and others are some of the best cryptocurrencies to buy in December 2021. You can also earn Free Crypto by investing in them. How? Let’s find out.

Published in

Coinmonks

6 min readNov 27, 2021

November was not a good month, definitely not for bulls. They are wounded and trying their very best to get back up. However, seeing the present market scenarios, it is difficult to predict where bitcoin is headed next.

Apart from this, the Bitcoin crash of 26–11–2021 was primarily due to the new variant of COVID-19 and almost all of the global markets bleeding. However, the below chart from Santiment also shows another picture. For the first time in over six months, Thanksgiving, or the day before Black Friday, saw new 200K BTC in circulation. A huge sell-off from miners brought us here? Maybe.

Although there’s a strategy that never gets too old when owning your assets in an anti-fragile manner has the better part of it; it’s called “buy the dip.” Now, if you’re confused on what to buy during this dip, well, bitcoin for sure, mate, but also do click here.

What? You don’t believe in buying the dip? Well, at least Nayeb Bukele does; El Salvador bought 100 BTC yesterday (26–11–2021). And it’s not just them!

According to data from Glassnode, guess who else bought the dip?

Anyways, let’s move on to figure out what alternate cryptocurrencies you can buy in December 2021.

CAKE/ USDT Market Analysis

As we can see in the chart below, CAKE is making a bullish harmonic pattern. Further, since the price fell significantly in yesterday’s COVID Pt. 2 crash (yeah, I’m calling it that), it is in a good accumulation zone. Further, it is also at crucial trendline support, and the price has retraced as well. Therefore, it is fairly estimated that CAKE might come out to be an excellent opportunity to gain returns in December.

HI/ USDT Market Analysis

As I explained in my last article on “3 Altcoins You Haven’t Heard of that are Soaring right Now!” the hi dollar was moving in a bearing channel. However, on 18 November, it got out of the channel and was consolidating until 25 November. Then something happened, hi released its Metaverse, so now, “say hi to the Metaverse.” The trading volume rose significantly, leading its price pretty near to its All-time High. However, before the market could gain enough momentum to make new all-time highs, the bitcoin market crashed.

As of now, the hi dollar is above a strong support zone around $1. Therefore, if we do not see any more downward movements in bitcoin, we can observe a pretty good rally in December. Apart from this, it is also rumored that the hi dollar is going to launch in one of the major centralized exchanges by the end of 2021. Therefore, paving the path for an increase in trading volume and a similar rise in the price. Further, according to the data below from Coingecko, the 30-D returns of HI are 157%, which I believe are pretty good. So even if the prices go sideways, we can start DCA and buy the dip.

CELR/ USDT Market Analysis

As we can see in the chart below, CELR is currently in a consolidation phase. Therefore, after a good bullish rally, we are observing momentum in the price action. Hence, we can expect the price to go higher and CELR to perform much better in December.

BEL/ USDT Market Analysis

The market is currently giving respect to the most robust trendline support. Further, it is in an oversold region now. By observing its previous price action, we have seen an excellent upward move from the marked below the trendline. Therefore, BEL can turn out to be one of the best cryptocurrencies to buy in December 2021.

SUSHI/ USDT Market Analysis

Wait, we just saw a similar pattern above in the article. Was it CAKE? Yes! SUSHI is as well at the potential reversal zone of harmonic pattern. Further, it is trading in the demand zone. Therefore, we can expect an excellent bullish rally in December.

KNC/ USDT Market Analysis

The price is consolidating in an ascending triangle and building up momentum to breakout. We can expect an upward trend in it. Please keep your eyes on it. In case it breaks out, there’ll be an excellent opportunity to enter the market.

Closing Thoughts

The most important part of trading is discipline and patience. So, according to the above analysis, the coins we just spoke about might see some decent gains. Again, it’s your hard-earned money you’ll be investing, so Do Your Own Research before investing.

Out of funds to buy the dip? Get free Hi dollars, sign-up using the button below, and get $1 every day.

Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio. Also, the article contains affiliate links, and on clicking them, I might earn a commission.

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Everything written in this article is what I believe, and your thoughts likely differ from mine (obviously, we’re two different people). Therefore, take this article as light reading, and if you don’t like the content, just forget if you ever read it!

This was originally published on

https://blog.coincodecap.com/crypto-to-buy-in-december-2021

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