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This article predicts the top 3 cryptocurrencies with the best value in December 2022. To predict the potential of these cryptocurrencies, we need to look at their current performance and what they are doing to ensure their future success.
BNB (BNB)
BNB Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol. BNB was initially based on Ethereum, but it is now based on its blockchain – the Binance chain. Investing in Binance Coin in 2022 is a good idea. One thing to mention is that BNB is one of the top utility tokens out there and has many perks over other digital currencies. At the same time, remember that it’s an asset with a high risk and growth potential.
Binance Coin has experienced significant growth in the cryptocurrency market. However, its price change suddenly slumped when “FTX” became an issue. Holding Binance tokens can be a good idea for any crypto investor. They give you trading discounts on the Binance platform and allow you to trade ERC-20 tokens from other projects.
In the 2H timeframe, the price action of $BNB/USDT rises from the horizontal support zone. Currently, the price is moving in between the support and resistance zone. We have to wait for further price action.
Polygon (MATIC)
Polygon is a cryptocurrency, technology platform, and Ethereum-compatible network. MATIC tokens are used to govern the network and pay transaction fees. People can buy MATIC for investment purposes on an exchange like Bybit.
It depends on your investment goals, but Polygon can be a good choice in 2022. For short-term traders, there may be more risk and opportunities to lose money, but for long-term investors, Polygon can do well and provide chances to grow your money. MATIC has a spike in price but only lasts for a short time, leaving the long range. Polygon’s token is at the same price back in July. The price of Polygon tokens rose to almost half the size they are today.
In the 1D timeframe, the price action of $MATIC/USDT may fall from here. On the other hand, if the price breaks its resistance zone. After a successful retest, it can go upwards.
XRP (XRP)
Ripple’s token, XRP, has been one of the most dominant cryptocurrencies over the years and is currently ranked in the top 10 despite being out for so long. “Ripple” is the name of the company and network. “XRP” is a cryptocurrency token which serves as an intermediate mechanism of exchange that facilitates transactions in currencies or networks when there’s a lack of trust between them.
Major investors believe in the potential of XRP even after the SEC’s lawsuit. The Securities and Exchange Commission accused the company behind altcoin of selling XRP in a way that could have been considered securities. According to the SEC, Ripple sold $1.3 billion worth of tokens in 2017 and did not register them before doing so. This is illegal per federal regulations, which XRP failed to adhere to.
The bullish trend and the $0.37 support level have been well-defended, suggesting that more gains may be in store for XRP. In the 1D timeframe, the price action of $XRP/USDT is rejected from the horizontal resistance zone. Currently, the price is moving below the horizontal resistance zone. if the price breaks its resistance zone. Then it can go upwards. On the other hand, the price may fall from here.
Closing Thoughts
Discipline and Patience are the most critical components of any successful crypto trade. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Adequate Research before investing.
For any time, on-demand analysis on $JST or any other coin can join our Telegram channel.
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