Best Crypto to Buy Now December 28 – Bitcoin SV, Aave, Arbitrum
Select cryptocurrencies are exhibiting bullish behavior to close out the year, making them potentially among the best cryptos to buy now–with Bitcoin SV rallying nearly 80%, Aave surging alongside Ethereum, and Arbitrum’s price increasing on the heels of layer 2 optimism.
Meanwhile, ongoing crypto presales like Sponge V2 and Meme Kombat are also attracting investor attention.
Bitcoin SV’s (BSV) price has seen a notable increase, with a 53.74% rise yesterday to $76.78 and an additional 16.46% surge today to $89.30.
This upward trend has sparked discussions on the sustainability of its rapid growth.
Technical indicators suggest that while the upward movement is strong, the current conditions may be overextended.
Upbit’s share of trading volume has been pivotal for BSV’s performance, but reliance on this volume raises questions about the rally’s future.
The decentralized finance token Aave is currently priced around $117.41, with whale activities contributing to its recent price action.
A notable withdrawal of AAVE tokens from Binance by a large investor indicates a positive sentiment towards the asset.
Furthermore, Aave’s value has surged alongside Ethereum, which recently reached $2,400.
The high correlation coefficient of 0.92 between ETH and AAVE prices suggests that Aave’s future could be closely tied to Ethereum’s market movements.
Arbitrum, a layer 2 scaling solution for Ethereum, has seen a 20% increase in value in just 24 hours, a rise that aligns with the growing interest in layer 2 technologies.
The Arbitrum ecosystem has expanded, with a 50% growth in developer headcount year-over-year.
Such growth underscores the platform’s attractiveness and potential for further adoption.
I've posted some updates on $ARB.
Retest at $0.98
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