Best Crypto to Buy Now December 5 – Stacks, Conflux, Kucoin
The KCS price surge and enhanced staking features from KuCoin are spearheading discussions about the best crypto to buy now, alongside the impressive market performances of Stacks (STX) and Conflux (CFX).
As these cryptocurrencies exhibit strong gains, early-stage investment opportunities are also emerging with crypto presales such as Bitcoin ETF Token and Bitcoin Minetrix, drawing early investor curiosity.
Stacks (STX) has outperformed many in the cryptocurrency market with a notable 42.31% gain yesterday.
Between the expected BTC spot ETF approval, BTC halving and, most importantly, foundational Nakaomoto STX upgrade, the next few months should represent an inflection point for STX. Full thesis update below.
— Hal Press (@NorthRockLP) December 1, 2023
Digital assets hedge fund North Rock Digital recently predicted Stacks could experience substantial rerating by investors, citing its strong fundamentals and upcoming events like the BTC spot ETF approval and the Nakamoto STX upgrade.
Technical analysis shows STX facing resistance around the $1.20 mark, with potential future resistances at around $1.50 and $1.75.
Conflux (CFX) has also seen a noteworthy 33% uptick yesterday, reaching a five-month high of $0.23.
This increase has pushed the CFX price above its immediate resistance zone and 20-day EMA, signaling a strong uptrend.
The support level for Conflux is around $0.17 with resistance near $0.23, suggesting potential volatility in the market.
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