Top 12 Crypto Ranking & Technical Analysis 09 December 2023

Introduction

The top 10 cryptocurrencies are showing impressive performance this week, with several coins delivering triple-digit returns in just three days. Leading the pack is BENQI (QIUSDT) with a whopping 66.18% return over the past three days, followed closely by Avalanche (AVAXUSDT) with a 20% return. Cardano (ADAUSDT), JOE (JOEUSDT), and Klaytn (KLAYUSDT) are also among the top performers, each delivering over 20% returns in the past three days. Meanwhile, Siacoin (SCUSDT) and Polkadot (DOTUSDT) have returned 19.51% and 21.29%, respectively, over the same period. Bitcoin (BTCUSDT) is the only cryptocurrency in the top 10 with a negative return, down by 0.98% over the past three days.

Top 10 Crypto Ranking of the Day

Symbol	Price, USDT	1D	3D	7D	30D	90D	YTD
QI	0.01479	2.21%	66.18%	77.98%	127.19%	186.07%	134.39%
AVAX	31.44	3.29%	20.00%	41.37%	142.59%	232.00%	188.44%
ADA	0.5574	2.20%	25.85%	40.19%	51.30%	123.86%	126.77%
JOE	0.6217	2.90%	22.89%	42.49%	99.45%	153.65%	362.92%
KLAY	0.2583	0.74%	20.76%	33.42%	80.00%	96.73%	70.27%
SC	0.007185	5.49%	19.51%	24.16%	75.37%	159.01%	217.92%
DOT	7.333	7.25%	21.29%	31.84%	44.07%	76.74%	70.22%
BTC	44190	0.04%	0.98%	12.01%	20.41%	71.00%	167.14%
NEAR	2.458	3.45%	7.57%	22.41%	70.93%	113.55%	95.70%
ALGO	0.1847	0.22%	20.88%	24.88%	49.19%	100.54%	7.07%
XVS	11.05	2.13%	1.38%	52.20%	60.38%	156.38%	187.76%

Top 10 Cryptocurrencies

1. BENQI (QI/USDT)

Analysis:

BENQI (QI) has had a remarkable performance in the past few days. With a one-day return of 2.21%, it has been steadily increasing in value. The three-day return is an impressive 66.18%, indicating a strong upward trend. Even more noteworthy is the seven-day return of 77.98% and the 30-day return of 127.19%. This shows that QI has been consistently gaining momentum over the past few weeks. Furthermore, its 90-day return stands at an impressive 186.07%, indicating a significant increase in value since the start of the year. Overall, BENQI (QI) has delivered exceptional returns to investors so far this year, with a year-to-date return of 134.39%.

2. Avalanche (AVAX/USDT)

Analysis:

Avalanche (AVAX) has been performing exceptionally well in recent times, with a one-day return of 3.29% and a three-day return of 20%. The seven-day return stands at an impressive 41.37%, while the 30-day return is a staggering 142.59%. Moreover, the 90-day return has reached 232.00%, and the year-to-date return is an astounding 188.44%. These numbers indicate that AVAX is on a strong upward trajectory, with no signs of slowing down anytime soon.

3. Cardano (ADA/USDT)

Analysis:

Cardano’s price performance with USDT has been impressive in the past few days. The current price of $0.5574 USDT represents a 2.20% increase from yesterday and a whopping 25.85% gain over the past three days. Additionally, the cryptocurrency has seen an astounding 40.19% return in the last week and a remarkable 51.30% return in the last month. Furthermore, Cardano’s year-to-date return stands at an incredible 126.77%. These figures suggest that ADA is currently on an upward trend and may be worth considering for investment.

4. JOE (JOE/USDT)

Analysis:

JOE (JOE) has been performing incredibly well in recent times. The price of JOE against USDT is currently at 0.6217 USDT and has seen a significant increase of 2.90% over the past day. The 3-day, 7-day, and 30-day returns are equally impressive at 22.89%, 42.49%, and 99.45%, respectively. Moreover, JOE has delivered a staggering 153.65% return over the past 90 days, and its year-to-date return stands at an astonishing 362.92%. These figures indicate that JOE is a highly profitable investment opportunity for those looking to capitalize on the growing popularity of cryptocurrencies.

6. Klaytn (KLAY/USDT)

Analysis:

Klaytn (KLAY) has been showing a strong price performance in recent days. With a one-day return of 0.74%, the cryptocurrency has been steadily increasing in value over the past few weeks. The three-day return of 20.76% and seven-day return of 33.42% indicate a significant upswing in price, while the 30-day return of 80.00% and year-to-date return of 70.27% demonstrate a consistent upward trend. Overall, KLAY has been performing well against the USDT, with a current price of 0.2583 USDT.

7. Siacoin (SC/USDT)

Analysis:

Siacoin has been on a tear in recent days, with impressive returns across multiple time frames. The price is currently sitting at $0.007185 USDT, up 5.49% for the day and 19.51% for the past three days. Over the past week, SC has seen a return of 24.16%, while the 30-day return stands at an eye-catching 75.37%. Even more remarkable is the year-to-date return of 217.92%, indicating strong bullish momentum for this cryptocurrency.

8. Polkadot (DOT/USDT)

Analysis:

Polkadot (DOT) has been performing exceptionally well in recent times. The price of DOT against USDT is currently at 7.333, with a one-day return of 7.25%, three days return of 21.29%, and seven days return of 31.84%. Additionally, the 30-day return stands at an impressive 44.07%, while the 90-day return is a staggering 76.74%. Year-to-date, DOT has delivered a return of 70.22%. These numbers indicate that investors have been rewarded handsomely for holding onto their DOT positions.

9. Bitcoin (BTC/USDT)

Analysis:

Bitcoin (BTC) has been performing well in recent days with a one-day return of 0.04%, three-day return of 0.98%, and seven-day return of 12.01%. The 30-day return stands at an impressive 20.41%, while the 90-day return is an astounding 71.00%. Year-to-date, Bitcoin has delivered a remarkable 167.14% return. These numbers indicate that BTC continues to attract investor interest and maintain its position as a leader in the cryptocurrency market.

10. NEAR Protocol (NEAR/USDT)

Analysis:

NEAR Protocol has been on a tear in recent days, with impressive returns across multiple time frames. Over the past day, it has gained 3.45%, over the past three days, it has surged by 7.57%, and over the past week, it has skyrocketed by an incredible 22.41%. The cryptocurrency has also delivered impressive returns of 70.93% over the past month and a whopping 113.55% over the past three months. Year-to-date, NEAR has returned an astounding 95.70%. These gains are significantly higher than those of other major cryptocurrencies like Bitcoin and Ethereum, making NEAR one to watch in the crypto space.

11. Algorand (ALGO/USDT)

Analysis:

Algorithm’s price performance has been impressive in recent days, with a one-day return of 0.22%, three days of 20.88%, seven days of 24.88%, and 30 days of 49.19%. The cryptocurrency’s 90-day return is an impressive 100.54%, indicating a strong upward trend in recent months. Year-to-date, Algorand has returned 7.07%. These returns suggest that investors who bought ALGO at the beginning of the year have seen significant gains. However, it is important to note that past performance does not guarantee future results and investors should always conduct thorough research before making any investment decisions.

12. Venus (XVS/USDT)

Analysis:

Venus (XVS) has been performing well in recent times with a price of 11.05 USDT. The one-day return stands at an impressive 2.13%, while the three-day and seven-day returns are 1.38% and 52.20%, respectively. Over the past month, the cryptocurrency has delivered a 60.38% return, and year-to-date, it has surged by an astounding 187.76%. These numbers indicate a strong upward trend for Venus (XVS) against USDT.

Summary

The top 10 cryptocurrencies have shown impressive performance in the past few days, with several coins delivering triple-digit returns. BENQI (QIUSDT) leads the pack with a staggering 66.18% return over the past three days, followed closely by Avalanche (AVAXUSDT) with a 20% return. Cardano (ADAUSDT), JOE (JOEUSDT), and Siacoin (SCUSDT) have also posted impressive gains of over 20%. Meanwhile, Polkadot (DOTUSDT) and NEAR Protocol (NEARUSDT) have returned 21.29% and 7.57%, respectively, over the past three days. However, it’s important to note that the cryptocurrency market is highly volatile, and these returns may not be sustainable in the long term. Technical analysis suggests that several of these coins are trading within established uptrends, which could support further gains if momentum continues. Nonetheless, investors should always do their own research and risk assessment before making any investment decisions.

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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