Stacks

Rally

ORDI

Conflux

<img width="1280" height="853" src="https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252.jpg" class="attachment-full size-full wp-post-image" alt="Best Crypto To Buy Now On December 5 - STX, CFX, ORDI" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252.jpg 1280w, https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252-1224x816.jpg 1224w, https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252-272x182.jpg 272w" sizes="(max-width: 1280px) 100vw, 1280px">
<p>The crypto market is again showing resilience and amid the fluctuations, the best crypto to buy on December 5 are Stacks (STX), Conflux (CFX), and ORDI.</p> 
<p>Addressing the recent bull market, the whole crypto market has experienced a major price gap between the top 100 and top 200 tokens. The global <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener">cryptocurrency</a> market boasts a total capitalization of $1.6 trillion. The trading volume across all cryptocurrencies in the last day has reached $163 billion. Above that Bitcoin maintains its dominance at 50.7%, while Ethereum follows with a dominance of 16.5%</p> 
<h2 id="best-crypto-to-buy-now">Best Crypto To Buy Now</h2> 
<p>Within the top 200 cryptos, Stacks (STX), Conflux (CFX), and ORDI have gathered more investors defying most of the <a href="https://coingape.com/glossary/altcoins/" target="_blank" rel="noopener">altcoins</a> in terms of trading volume and realized profits. Let’s unfold the selected cryptos to know why the three are some of the best cryptos to buy now.</p> 
<h3 id="stacks-stx-price-prediction-price-jumps-over-30">Stacks (STX) Price Prediction: Price Jumps Over 30%</h3> 
<figure id="attachment_167766" aria-describedby="caption-attachment-167766" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-167766" src="https://coingape.com/wp-content/uploads/2023/12/STXUSD_2023-12-05_14-53-04.png" alt="stacks price chart" width="749" height="354" srcset="https://coingape.com/wp-content/uploads/2023/12/STXUSD_2023-12-05_14-53-04.png 1814w, https://coingape.com/wp-content/uploads/2023/12/STXUSD_2023-12-05_14-53-04-300x142.png 300w, https://coingape.com/wp-content/uploads/2023/12/STXUSD_2023-12-05_14-53-04-1224x578.png 1224w, https://coingape.com/wp-content/uploads/2023/12/STXUSD_2023-12-05_14-53-04-768x363.png 768w, https://coingape.com/wp-content/uploads/2023/12/STXUSD_2023-12-05_14-53-04-1536x726.png 1536w, https://coingape.com/wp-content/uploads/2023/12/STXUSD_2023-12-05_14-53-04-150x71.png 150w" sizes="(max-width: 749px) 100vw, 749px">
 <figcaption id="caption-attachment-167766" class="wp-caption-text">
  STX Crypto Price
 </figcaption>
</figure> 
<p>Stacks (STX) experienced a significant surge, primarily attributed to a sudden <a href="https://coingape.com/glossary/whale-accumulation/" target="_blank" rel="noopener">whale accumulation</a> and increased activity from smaller investors. Notably, the token’s price action had been confined below the $0.7 resistance within a declining channel pattern.</p> 
<p>However, the pattern was successfully broken on November 28, following a month of consolidation. Currently, STX is trading above its 50-day Simple Moving Average (SMA), signaling positive momentum. The Relative Strength Index (RSI) is above the overbought zone at 76, indicating potential overvaluation.</p> 
<p>At the press time, Stacks (STX) price was trading at $1.11, with a 24-hour trading volume of $456 million. This is a 31.97% increase in the previous 24 hours and a 76.88% increase in the last 7 days.</p> 
<p><strong>Also Read: </strong><a href="https://coingape.com/cathie-wood-ark-invest-coinbase-robinhood-prices-rally/" target="_blank" rel="noopener">&nbsp;Cathie Wood’s Ark Invest Sells Coinbase Shares &amp; Buys Robinhood As Prices Rally</a></p> 
<h3 id="conflux-cfx-price-prediction-bsim-fueled-optimism">Conflux (CFX) Price Prediction: Bsim Fueled Optimism</h3> 
<figure id="attachment_167767" aria-describedby="caption-attachment-167767" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-167767" src="https://coingape.com/wp-content/uploads/2023/12/CFXUSD_2023-12-05_14-52-43.png" alt="conflux price chart" width="750" height="354" srcset="https://coingape.com/wp-content/uploads/2023/12/CFXUSD_2023-12-05_14-52-43.png 1815w, https://coingape.com/wp-content/uploads/2023/12/CFXUSD_2023-12-05_14-52-43-300x142.png 300w, https://coingape.com/wp-content/uploads/2023/12/CFXUSD_2023-12-05_14-52-43-1224x578.png 1224w, https://coingape.com/wp-content/uploads/2023/12/CFXUSD_2023-12-05_14-52-43-768x363.png 768w, https://coingape.com/wp-content/uploads/2023/12/CFXUSD_2023-12-05_14-52-43-1536x725.png 1536w, https://coingape.com/wp-content/uploads/2023/12/CFXUSD_2023-12-05_14-52-43-150x71.png 150w" sizes="(max-width: 750px) 100vw, 750px">
 <figcaption id="caption-attachment-167767" class="wp-caption-text">
  CFX Crypto Price
 </figcaption>
</figure> 
<p>Conflux (CFX) witnessed a notable 20% price surge, likely triggered by the recent introduction of Bsim on the Conflux Network. The announcement, shared in the Conflux Wechat group, fueled optimism among investors. Breaking out of the $0.14 to $0.18 range, the token reached a high of $0.22.</p> 
<p>With the 50-day Simple Moving Average (SMA) positioned below the current trading price at $0.15, the token maintains a bullish outlook. However, caution is advised as the 14-day <a href="https://coingape.com/glossary/rsi-relative-strength-index/" target="_blank" rel="noopener">Relative Strength Index (RSI)</a> is descending from the 70 mark, indicating a mild selling pressure.</p> 
<p>Conflux (CFX) was trading at $0.211282 with a 24-hour trading volume of $340 million. It marks a 24.02% increase in the last 24 hours and a 39.98% increase in the last 7 days.</p> 
<h3 id="ordi-price-prediction-price-spikes-more-than-150">ORDI Price Prediction: Price Spikes More Than 150%</h3> 
<figure id="attachment_167765" aria-describedby="caption-attachment-167765" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-167765" src="https://coingape.com/wp-content/uploads/2023/12/ORDIUSD_2023-12-05_14-59-01.png" alt="Ordi price chart" width="740" height="349" srcset="https://coingape.com/wp-content/uploads/2023/12/ORDIUSD_2023-12-05_14-59-01.png 1815w, https://coingape.com/wp-content/uploads/2023/12/ORDIUSD_2023-12-05_14-59-01-300x142.png 300w, https://coingape.com/wp-content/uploads/2023/12/ORDIUSD_2023-12-05_14-59-01-1224x578.png 1224w, https://coingape.com/wp-content/uploads/2023/12/ORDIUSD_2023-12-05_14-59-01-768x363.png 768w, https://coingape.com/wp-content/uploads/2023/12/ORDIUSD_2023-12-05_14-59-01-1536x725.png 1536w, https://coingape.com/wp-content/uploads/2023/12/ORDIUSD_2023-12-05_14-59-01-150x71.png 150w" sizes="(max-width: 740px) 100vw, 740px">
 <figcaption id="caption-attachment-167765" class="wp-caption-text">
  ORDI Crypto Price
 </figcaption>
</figure> 
<p>ORDI’s price action forms a rising megaphone pattern on the 4-hour chart, suggesting a potential impending bearish trend. The recent surge is linked to Bitcoin’s bullish movement above $41,000. The Relative Strength Index (RSI) is at 80, slightly down from the previous day’s 93, but it remains in the overbought zone. This persistent overbought condition raises the possibility of sell pressure, potentially pushing the price below $50.</p> 
<p>ORDI&nbsp; was trading at $50.10, with a 24-hour trading volume of $10 billion. This is a 15.46% gain in the last 24 hours and a 154.13% increase in the last 7 days.</p> 
<p><strong>Also Read: </strong><a href="https://coingape.com/analyst-compares-bitcoin-with-gold-etf-trends-predicting-a-40k-floor-what-to-expect/" target="_blank" rel="noopener">Analyst Compares Bitcoin With Gold ETF Trends Predicting A $40K Floor, What To Expect?</a></p> 
<p>The post <a rel="nofollow" href="https://coingape.com/best-crypto-to-buy-now-on-december-5-stx-cfx-ordi/">Best Crypto To Buy Now On December 5 – STX, CFX, ORDI</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.</p>

Best Crypto To Buy Now On December 5 – STX, CFX, ORDI

Table of Contents

Coingape News Media

Other articles published on Dec 5, 2023

Kinetex integrates with Connext for a unified DeFi ecosystem

Bitcoin Selloff: Short-Term Holders Cash Out $4.5 Billion

Will 2024 Be a ‘Good Year’ for GameFi, Metaverse? Expert Weighs in

Inside China’s struggle to regain economic trust

Celebrating Innovation at BUIDL for Web3 Summit 2023: Bitget’s Blockchain4Youth $10M Initiative

Bitcoin Readies New All-Time Highs Against The Banking System

Join our free newsletter for daily crypto updates!