Find the Latest Top 15 Crypto Technical Analysis 12 December 2023

Introduction

The top 10 cryptocurrencies are experiencing a mix of ups and downs in their technical and price analysis. BENQI (QIUSDT) has seen a significant drop of -3.16% in the past day, but an impressive 116.12% gain over the past three days. Nano (XNOUSDT) is also performing well with a 25.73% increase in the past day and a 27.06% gain over the past three days. Avalanche (AVAXUSDT), on the other hand, has seen a slight decrease of -2.73% in the past day, but still maintains a healthy 15.95% gain over the past three days. Other top performers include VeThor (VTHOUSDT) with a 6.23% increase in the past day and 41.40% gain over the past three days, Osmosis (OSMOUSDT) with a 20.60% increase in the past day and 30.05% gain over the past three days, and ImmutableX (IMXUSDT) with a 4.34% gain over the past three days. However, Injective (INJUSDT), Cardano (ADAUSDT), Algorand (ALGOUSDT), VeChain (VETUSDT), Acala (ACAUSDT), Power Ledger (POWRUSDT), JOE (JOEUSDT), and Render (RNDRUSDT) have all seen more modest gains or losses over the past day and three days.

Top 10 Cryptocurrencies

Symbol	Price, USDT	1D	3D	7D	30D	90D	YTD
QI	0.02909	-3.16%	116.12%	237.86%	257.81%	470.39%	361.01%
XNO	1.08	25.73%	27.06%	39.72%	41.92%	77.05%	70.08%
AVAX	37	-2.73%	15.95%	50.77%	94.94%	298.28%	239.45%
VTHO	0.002473	6.23%	41.40%	50.70%	65.97%	63.99%	173.56%
OSMO	1.0287	20.60%	30.05%	34.17%	65.89%	215.55%	50.61%
IMX	2.0105	-2.43%	4.34%	41.71%	69.19%	307.48%	423.57%
INJ	26.147	9.02%	40.45%	52.10%	51.23%	278.34%	1950.75%
ADA	0.5587	1.45%	-3.52%	31.24%	45.72%	124.65%	127.30%
ALGO	0.1965	-3.01%	-1.50%	27.85%	34.50%	116.17%	13.91%
VET	0.02871	5.67%	5.67%	15.72%	28.92%	73.26%	81.71%
ACA	0.0832	12.13%	14.92%	22.90%	34.19%	77.78%	-27.21%
POWR	0.3934	-0.58%	9.46%	31.62%	67.19%	196.68%	220.88%
JOE	0.6166	-8.68%	-4.34%	22.37%	63.12%	150.85%	359.12%
RNDR	4.044	2.93%	8.42%	9.68%	67.52%	165.70%	903.47%

Top 10 Cryptocurrencies List

1. BENQI (QI/USDT)

Analysis:

Based on its current price of $0.02909 USDT, QI has shown a one-day return of -3.16%, indicating a slight decline in value over the past 24 hours. However, looking at longer time frames, QI has seen impressive growth with a three-day return of 116.12%, seven-day return of 237.86%, and 30-day return of 257.81%. Additionally, over the past 90 days, QI has delivered an astounding 470.39% return, making it one of the top performers in the cryptocurrency market this year with a year-to-date return of 361.01%.

2. Nano (XNO/USDT)

Analysis:

Nano (XNO) has been performing impressively well in recent days, with a one-day return of 25.73% and a three-day return of 27.06%. The seven-day return is an even more remarkable 39.72%, indicating strong buying interest in the asset. Over the past month (30 days), Nano has returned 41.92%, while over the past 90 days, it has delivered a staggering 77.05% return to investors. Year-to-date, Nano is up an impressive 70.08%. These returns are significantly higher than those of other major cryptocurrencies like Bitcoin and Ethereum, making Nano an attractive option for risk-tolerant investors seeking high growth potential.

3. Avalanche (AVAX/USDT)

Analysis:

Avalanche (AVAX) has shown a significant price performance in recent times. The cryptocurrency’s current price of 37 USDT marks a 1-day return of -2.73%, while the 3-day return stands at an impressive 15.95%. This is a positive sign for investors looking to buy and hold the asset in the short term. The 7-day return of 50.77% and the 30-day return of 94.94% further reinforce AVAX’s bullish momentum, indicating a strong upward trend. Additionally, the year-to-date return of 239.45% is a testament to the cryptocurrency’s long-term potential.

4. VeThor (VTHO/USDT)

Analysis:

VeThor (VTHO) has shown a remarkable price performance over the past few days and weeks. With a one-day return of 6.23%, three days return of 41.40%, seven days return of 50.70%, and 30 days return of 65.97%, it is clear that VTHO has been on an upward trend. Additionally, its 90-day return stands at 63.99%, indicating a consistent growth pattern. Year-to-date, VTHO has returned an impressive 173.56%. These numbers suggest that investors who have held onto their VTHO assets have been rewarded handsomely.

5. Osmosis (OSMO/USDT)

Analysis:

Osmosis (OSMO) has been on a tear in recent days with impressive price performance. The current price of OSMO is 1.0287 USDT, up from 0.8359 USDT just one day ago, representing a 20.60% return in the past 24 hours. This marks a significant increase from its 3-day return of 30.05%, 7-day return of 34.17%, and 30-day return of 65.89%. The 90-day return for OSMO is an astonishing 215.55%, further solidifying its position as a top performer in the cryptocurrency market. Year-to-date, OSMO has returned a remarkable 50.61%. These gains are likely driven by increased adoption and interest in Osmosis’ decentralized exchange (DEX) platform, which offers fast and secure trading experiences for users.

7. ImmutableX (IMX/USDT)

Analysis:

ImmutableX (IMX) has shown a strong price performance over the past few days. Despite a slight decline of -2.43% in the last 24 hours, IMX has recorded impressive gains of 4.34%, 41.71%, and 307.48% over the past three, seven, and 90 days, respectively. Additionally, its year-to-date return stands at an astounding 423.57%. These figures indicate a steady upward trend for IMX, suggesting that it may be a good investment opportunity for those looking to enter the cryptocurrency market.

8. Injective (INJ/USDT)

Analysis:

In the last day, Injective (INJ) has seen a return of 9.02%, significantly outperforming the broader crypto market. Over the past three days, INJ has skyrocketed by an impressive 40.45%, with its 7-day return reaching an astounding 52.10%. In the last month, INJ has returned a remarkable 51.23%, and year-to-date it has delivered an incredible 1950.75% gain. These returns are significantly higher than those of major cryptocurrencies like Bitcoin and Ethereum, making INJ an attractive investment opportunity for savvy traders.

9. Cardano (ADA/USDT)

Analysis:

Cardano’s price performance with USDT has been quite volatile in the past few days. The 1-day return of 1.45% indicates a positive trend, but the 3-day return of -3.52% suggests a correction is underway. However, the longer-term returns are impressive, with a 7-day return of 31.24%, a 30-day return of 45.72%, and a 90-day return of 124.65%. Overall, Cardano’s year-to-date return stands at an impressive 127.30%.

10. Algorand (ALGO/USDT)

Analysis:

Algorithm’s price performance with USDT has been mixed in recent days, with a one-day return of -3.01% and a three-day return of -1.50%. However, the seven-day return is impressive at 27.85%, indicating strong growth over the past week. The 30-day return is also positive at 34.50%, while the 90-day return has been remarkable, reaching 116.17%. Year-to-date returns are a healthy 13.91%. These figures suggest that ALGO may be a good investment opportunity for those looking to capitalize on its potential for long-term growth.

11. VeChain (VET/USDT)

Analysis:

VeChain (VET) has been performing impressively in recent times, with a one-day return of 5.67% and a three-day return of the same percentage. The seven-day return stands at an impressive 15.72%, while the 30-day return is a whopping 28.92%. Additionally, the cryptocurrency has seen a 90-day return of 73.26% and a year-to-date return of 81.71%. These figures indicate that VET is on an upward trajectory and could be a promising investment opportunity for those looking to enter the crypto market.

12. Acala (ACA/USDT)

Analysis:

Acala (ACA) has been performing well in recent days with a one-day return of 12.13%, three-days return of 14.92%, and seven-days return of 22.90%. The 30-days return is also impressive at 34.19%, while the 90-days return stands at an astounding 77.78%. However, it’s worth noting that the year-to-date return is negative at -27.21%. Overall, Acala (ACA) has been a high performer in recent times, but investors should be cautious of the long-term outlook.

13. Power Ledger (POWR/USDT)

Analysis:

Power Ledger’s price performance has been impressive over the past few days. With a one-day return of -0.58%, it has shown resilience in the face of market volatility. The 3-day return of 9.46% and 7-day return of 31.62% indicate a strong upward trend, while the 30-day return of 67.19% and 90-day return of 196.68% demonstrate exceptional growth over longer time periods. Year-to-date, Power Ledger has delivered an impressive 220.88% return, solidifying its position as a top performer in the cryptocurrency market.

14. JOE (JOE/USDT)

Analysis:

In the last one day, JOE has had a return of -8.68%. This is quite significant and indicates that the coin may be experiencing some volatility. However, over the past three days, the return has been relatively stable at -4.34%. This could suggest that the coin is finding support at this level and may be preparing for a potential rebound. On a more positive note, JOE has seen an impressive 7-day return of 22.37% and a whopping 30-day return of 63.12%. This could indicate that the coin is in a strong upward trend and may be worth keeping an eye on for potential investment opportunities. Additionally, JOE has seen a remarkable 90-day return of 150.85%, further solidifying its bullish momentum. Year-to-date, JOE has returned an incredible 359.12%, making it one of the top performers in the cryptocurrency market.

15. Render (RNDR/USDT)

Analysis:

Render (RNDR) has been performing well in recent days with a one-day return of 2.93%, three-day return of 8.42%, and seven-day return of 9.68%. The price is currently at 4.044 USDT, up from its 30-day low of 2.157 USDT. The 30-day return for RNDR is an impressive 67.52%, and the year-to-date return stands at a staggering 903.47%. These gains are significantly higher than the industry average, indicating strong investor interest in this cryptocurrency.

Closing Thoughts

After analyzing the top 10 cryptocurrencies, it is clear that there are both bullish and bearish trends present. BENQI (QIUSDT) has seen a significant increase in price over the past three days, with a return of 116.12%. On the other hand, Nano (XNOUSDT) has also performed well, with a 3-day return of 27.06%. Avalanche (AVAXUSDT), VeThor (VTHOUSDT), and Osmosis (OSMOUSDT) have all experienced positive returns over the past three days, ranging from 15.95% to 41.40%. However, ImmutableX (IMXUSDT) and Injective (INJUSDT) have seen negative returns over the same period, with -2.43% and -3.01%, respectively.

Overall, the technical analysis suggests that the top cryptocurrencies are experiencing a mix of bullish and bearish trends, with some coins showing strong upward momentum while others are experiencing downward pressure. The price analysis indicates that the top cryptocurrencies have seen significant price movements over the past three days, with some coins experiencing double-digit returns while others have seen more modest gains or losses.

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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