Explore the Top 8 Crypto Technical Analysis 11 December 2023

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By Frans van Elst

Introduction

The recent surge in cryptocurrency prices has led to a shake-up in the top 10 rankings, with BENQI (QIUSDT) taking the number one spot with an impressive 61.17% return over the past day and a whopping 100.48% return over the past three days. Avalanche (AVAXUSDT), on the other hand, has seen a slight decline of -2.40% over the past day but has still managed to maintain its position in the top 10 with a 19.09% return over the past three days. VeThor (VTHOUSDT) and ImmutableX (IMXUSDT) have also seen significant gains, with returns of 41.38% and 26.27% over the past day respectively, and 44.38% and 28.56% over the past three days. Meanwhile, JOE (JOEUSDT) and Marlin (PONDUSDT) have seen more modest gains of -4.27% and 22.38% over the past day respectively, but still maintain a strong presence in the top 10 with returns of 12.89% and 22.82% over the past three days. Finally, Raydium (RAYUSDT) rounds out the top 10 with a 5.27% return over the past day and a 20.02% return over the past three days.

Top 10 Cryptocurrencies Overview

Symbol Price, USDT 1D 3D 7D 30D 90D YTD
QI 0.02901 61.17% 100.48% 245.77% 268.15% 480.20% 359.75%
AVAX 36.25 -2.40% 19.09% 59.83% 115.90% 293.17% 232.57%
VTHO 0.002593 41.38% 44.38% 58.50% 72.41% 145.32% 186.84%
JOE 0.6821 -4.27% 12.89% 42.79% 93.23% 182.91% 407.89%
POND 0.01717 22.38% 22.82% 37.03% 51.28% 117.07% 130.78%
RAY 0.7793 5.27% 20.02% 83.71% 98.50% 363.87% 453.48%
IMX 2.0017 8.56% 26.27% 40.82% 71.09% 312.47% 421.28%

List of Top 10 Cryptocurrencies

1. BENQI (QI/USDT)

  • Current Price: 0.02901 USDT
  • Daily Return: 61.17%
  • Weekly Return: 245.77%
  • Monthly Return: 268.15%
  • Year-to-date Return: 359.75%

Analysis:

BENQI logo

Based on the current price of QI at 0.02901 USDT, it has had a remarkable one-day return of 61.17%, three days return of 100.48%, and seven days return of 245.77%. In the last 30 days, QI has returned an impressive 268.15%, while in the past 90 days, it has skyrocketed by 480.20%. Year-to-date, QI has delivered a staggering 359.75% return to its investors.

3. Avalanche (AVAX/USDT)

  • Current Price: 36.25 USDT
  • Daily Return: -2.40%
  • Weekly Return: 59.83%
  • Monthly Return: 115.90%
  • Year-to-date Return: 232.57%

Analysis:

Avalanche logo

Avalanche (AVAX) has been on a wild ride in recent days, with its price surging by over 59% in the past week alone. The cryptocurrency’s one-day return stands at -2.40%, while its three-day and seven-day returns are an impressive 19.09% and 59.83%, respectively. Over the past month, AVAX has seen a return of 115.90%, and year-to-date, it’s up by an astounding 232.57%. These gains are significantly higher than those of major cryptocurrencies like Bitcoin and Ethereum, making AVAX an attractive investment opportunity for those looking to capitalize on the current crypto market rally.

4. VeThor (VTHO/USDT)

  • Current Price: 0.002593 USDT
  • Daily Return: 41.38%
  • Weekly Return: 58.50%
  • Monthly Return: 72.41%
  • Year-to-date Return: 186.84%

Analysis:

VeThor logo

VeThor (VTHO) has been performing exceptionally well in recent times. The price of VTHO against USDT is currently at 0.002593 USDT and has seen a remarkable one-day return of 41.38%. This is followed by a three-day return of 44.38% and a seven-day return of 58.50%. Over the past month, VTHO has delivered an impressive 72.41% return, while its 90-day return stands at an incredible 145.32%. Year-to-date, the cryptocurrency has returned a staggering 186.84%. These figures indicate that VTHO is on a strong upward trajectory and could be a promising investment opportunity for those looking to capitalize on the growing popularity of blockchain technology and decentralized finance (DeFi) solutions.

5. JOE (JOE/USDT)

  • Current Price: 0.6821 USDT
  • Daily Return: -4.27%
  • Weekly Return: 42.79%
  • Monthly Return: 93.23%
  • Year-to-date Return: 407.89%

Analysis:

JOE logo

The price of JOE has been performing well against USDT in the last few days. With a one-day return of -4.27%, it has shown some volatility but remains stable overall. The three-day and seven-day returns are impressive at 12.89% and 42.79%, respectively, indicating strong upward momentum. Over the past month (30 days), JOE has returned an incredible 93.23%, while year-to-date it has soared by a whopping 407.89%. These returns suggest that investors are bullish on JOE’s long-term potential.

6. Marlin (POND/USDT)

  • Current Price: 0.01717 USDT
  • Daily Return: 22.38%
  • Weekly Return: 37.03%
  • Monthly Return: 51.28%
  • Year-to-date Return: 130.78%

Analysis:

Marlin logo

Marlin (POND) has been on a tear in recent days, with impressive returns across various time frames. The price of POND against USDT is currently 0.01717, up 22.38% in the last day, 22.82% in the last three days, and an astounding 37.03% over the past week. The 30-day return for POND sits at 51.28%, while the 90-day return is a whopping 117.07%. Year-to-date, POND has returned an incredible 130.78%. These gains are significantly higher than those of other major cryptocurrencies, making Marlin (POND) an attractive investment opportunity for those looking to capitalize on the current market momentum.

7. Raydium (RAY/USDT)

  • Current Price: 0.7793 USDT
  • Daily Return: 5.27%
  • Weekly Return: 83.71%
  • Monthly Return: 98.50%
  • Year-to-date Return: 453.48%

Analysis:

Raydium logo

Raydium (RAY) has seen a remarkable price performance over the past few days. With a one-day return of 5.27%, three-day return of 20.02%, and seven-day return of 83.71%, investors have been rewarded handsomely for holding onto their positions. The 30-day return stands at an impressive 98.50%, while the 90-day return is a staggering 363.87%. Year-to-date, Raydium (RAY) has returned a whopping 453.48%. These gains are truly exceptional and indicate that the cryptocurrency market still has plenty of room for growth.

8. ImmutableX (IMX/USDT)

  • Current Price: 2.0017 USDT
  • Daily Return: 8.56%
  • Weekly Return: 40.82%
  • Monthly Return: 71.09%
  • Year-to-date Return: 421.28%

Analysis:

ImmutableX logo

ImmutableX (IMX) has shown a remarkable price performance over the past few days. With a one-day return of 8.56%, three-day return of 26.27%, and seven-day return of 40.82%, IMX has been on an impressive upswing. This growth is even more pronounced when looking at longer time frames, with a 30-day return of 71.09% and a 90-day return of 312.47%. The year-to-date return of 421.28% is truly astounding, indicating a strong bullish trend for IMX.

Final Thoughts

The top 10 cryptocurrencies have shown a mix of bullish and bearish performances over the past few days. BENQI (QIUSDT) has been the clear winner, with a whopping 61.17% return in the past day and an impressive 100.48% return over the past three days. Avalanche (AVAXUSDT), on the other hand, has struggled, posting a negative 2.40% return over the past day and a relatively modest 19.09% return over the past three days. VeThor (VTHOUSDT) and Marlin (PONDUSDT) have also performed well, with returns of 41.38% and 22.38% in the past day, respectively, and ImmutableX (IMXUSDT) has seen a strong return of 8.56% over the past day. However, it’s worth noting that Raydium (RAYUSDT) has underperformed slightly, with a return of only 5.27% over the past day. Overall, the technical analysis suggests that the market is still bullish, but some caution may be warranted given the mixed performance of these top cryptocurrencies.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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