Top 3 Crypto to Buy Before Santa Claus Rally

Cryptocurrency prices are preparing for the popular Santa Claus rally that could propel most of them to multi-year or all-time highs. Bitcoin has already surged to a record high, and many altcoins could follow. So, here are some of the top red-hot crypto to buy ahead of the Santa Claus rally.

Best Crypto to Buy Ahead of The Santa Claus Rally

Some of the best altcoins to buy in preparation for the Santa rally are Ethena (ENA), DexBoss, and Ondo Finance.

Ethena (ENA)

Ethena is one of the best cryptos to invest this year. The coin has soared from a low of $0.1933 in September to $1.3 on Monday. 

This rally intensified after Donald Trump’s World Liberty Finance (WLFI) bought more coins and as USDe’s total value locked jumped to over $6 billion for the first time ever. Investors are embracing USDe because of its 27% yield, which is higher than most assets.

Athena price is in the process of forming a cup and handle pattern whose upper side is at $1.5216. A C&H pattern is one of the most bullish continuation patterns. Therefore, the initial target for ENA is the year-to-date high of $1.5216. A move above that level will bring its target to $2.7685. This target is identified by measuring the depth of the cup and then extrapolating it from the upper side. 

Ethena Price Chart

DexBoss (DEBO)

The concept of decentralized finance is doing well this year as the volume handled by the networks surged. DexBoss, an upcoming DEX network, currently in a presale, is one of the best crypto to buy and hold.

A key benefit for buying it is that it is trading at $0.01 and will then list at $0.050, which is about 400% above the current level. DexBoss aims to be a better platform than other popular platforms like Uniswap and Raydium by having low costs, over 2,000 coins to trade, and cross-chain compatibility. You can buy the DEXBOSS token here.

Ondo Finance (ONDO)

Ondo Finance price has also jumped, making it an ideal red-hot cryptocurrency to buy and hold. Its rally has happened as demand for Real World Asset Tokenization assets rose and as the total value locked jumped to over $613 million.

The daily chart shows that the ONDO token formed a cup and handle pattern and has already moved above the upper side at $1.4840. It has also remained above the strong pivot reverse point of the Murrey Math Lines at $1.90. By measuring the depth of this cup, we can assume that the ONDO token will jump to $2.53, which also coincides with the overshoot of the Murrey Math Lines. 

A drop below the top of the trading range at $1.8 will invalidate the bullish view and point to more downside, potentially to the upper side of the cup at $1.4840.

More cryptocurrencies to Buy

There are other popular cryptocurrencies to buy ahead of the Santa Claus rally. Some of the most notable ones are Hedera Hashgraph, Chainlink, Mantra, and Polkadot.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.