After the shock of the FTX crash that shook the foundations of the cryptocurrency market, things are finally starting to look for many digital assets and some tokens are taking charge of triggering a new wave of bullish optimism towards December.
Cryptocurrencies to watch in December 2022
Given the price movements and related factors that can make or break cryptocurrencies, there are several decentralized finance (DeFi) tokens to watch over the final month of 2022.
Coincidentally, the most notable cryptocurrency for December of this year is Bitcoin (BTC), as the flagship asset, which has recently emerged from the bearish trading pattern and exhibited a long-awaited move towards the close of November, is trying to break through the critical point. $17,000 level.
At the time of writing, the first coin is changing hands at $16,844.60, up 2.45% from the previous 24 hours and 2.37% over the week, bringing its total monthly losses to 17.27%.
Bitcoin 7 day price chart. Source: Finbold
Upon detailed observation of Ethereum (ETH), it is clear that the second largest cryptocurrency by market cap is also showing signs of strength, having already flipped the $1,150 level and climbed above $1,225 with a possibility of a run towards $1,550.
Currently, Ethereum is trading at $1,266.08, rebounding from the 18.84% loss on its monthly chart, recording a daily gain of 4.44% and a gain of 8.67% over the previous seven days.
Ethereum 7 day price chart. Source: Finbold
Meanwhile, Fantom (FTM) stands out as the leader in both 24-hour and 7-day earnings among the top 100 cryptocurrencies, posting double-digit gains on both charts thanks to positive financial information regarding its network. developed by André Cronje.
Indeed, Phantom is currently trading at $0.2361, showing 10.08% growth from the previous day and up to 31.89% over the week, with monthly losses at minimal and standing at 2.33%.
Phantom 7 day price chart. Source: Finbold
While we await the summary judgment in the legal battle between Ripple and the United States Securities and Exchange Commission (SEC), XRP is also enjoying optimism and a price.
Despite the announcement that crypto exchange Coinbase is ending wallet support, XRP is up 2.42% on the day and 6.97% over the previous week and is currently trading at $0.4009, mitigating its monthly 11.16% drop.
XRP 7-day price chart. Source: Finbold
Finally, the meme cryptocurrency Dogecoin (DOGE) is also riding the green wave, inspired by the imminent launch of the DOGE-1 lunar satellite, rumored to be planned by Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk. In addition to raising DOGE together, more than 60% of its owners remain in profit.
At the time of publication, Dogecoin’s price has bounced back from the 14.78% hit it has suffered over the past 30 days, showing a 2.71% increase from the previous day and a solid 29.38% push over the week. It was located at $1042.
Dogecoin 7 day price chart. Source: Finbold
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