Top penny cryptos to watch in December

Cryptocurrencies have been muted in December.
There are indicators that crypto outflow is rising.
OCEAN, FET, and XRP are nice tokens to commerce.

December has been a somber month for cryptocurrencies as buyers centered on the upcoming Fed resolution and actions surrounding FTX’s collapse. Bitcoin has remained regular at $17,000 whereas the overall market cap within the trade has been caught at about $830 billion. Listed here are a few of the high penny cryptos to observe in December.

Ocean Protocol | OCEAN

Ocean Protocol is a blockchain challenge within the knowledge analytics trade. It runs a digital market the place customers can promote every kind of information. $OCEAN is the native token for the community. It’s used to stake on knowledge for curation and shopping for and promoting knowledge.

Within the chart beneath, we see that the OCEAN worth went parabolic in December as buyers rushed to purchase the coin. It jumped to the very best degree since November 9, which was about 95% above the bottom degree this 12 months. The token has risen above the 25-day and 50-day shifting averages whereas the Relative Power Index (RSI) has moved near the overbought degree.

Subsequently, OCEAN token worth will seemingly stay unstable in December, making it a superb one to commerce. If this occurs, it should seemingly retest the necessary resistance degree at $0.2240.

OCEAN/USD chart by TradingView

Learn how to purchase OCEAN

Binance

Binance is likely one of the largest cryptocurrency exchanges on the earth. It’s higher suited to extra skilled buyers and it affords numerous cryptocurrencies to select from, at over 600.

Binance can also be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, corresponding to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.

Buy OCEAN with Binance today

KuCoin

Kucoin is a cryptocurrency change which affords over 200 cryptocurrencies.

Kucoin has a variety of companies, corresponding to; a built-in peer-to-peer change, spot and margin buying and selling, financial institution degree safety and a variety of accepted fee strategies.

Customers can profit from a beginner-friendly interface and comparatively low charges.

Buy OCEAN with KuCoin today

Fetch.ai | FET

Fetch.ai was not too long ago a comparatively unknown token till it went parabolic in December. It jumped to a excessive of $0.1290, which was about 145% above the bottom degree in November. After peaking final week, the token has slumped by greater than 30% from its highest degree in the course of the month.

For starters, Fetch.ai is a blockchain challenge that runs the Autonomous Agent Expertise (AAT). It powers peer-to-peer functions with autonomation and AI capabilities. In easy phrases, an autonomous agent is a software program entity that carries out duties on behalf of a consumer or one other program with a level of autonomy.

Lastly, AEAs enabling new enterprise instances and leveraging insights from CoLearn in a P2P setting is our Web3 canvas to create a brand new web that fulfils its unique promise. I hope this provides a short overview of what we’re constructing.

— Humayun (@HMsheikh4) December 12, 2022

Fetch.ai worth jumped sharply early this month because the variety of transactions within the community jumped. It additionally rose after Binance enabled staking the token.

FET/USD chart by TradingView

Learn how to purchase Fetch.ai

eToro

eToro affords a variety of cryptos, corresponding to Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, study from, and duplicate or get copied by different customers.

Buy FET with eToro today

Bitstamp

Bitstamp is a number one cryptocurrency change which affords buying and selling in fiat currencies or common cryptocurrencies.

Bitstamp is a completely regulated firm which affords customers an intuitive interface, a excessive diploma of safety to your digital belongings, glorious buyer assist and a number of withdrawal strategies.

Buy FET with Bitstamp today

Ripple | XRP

Ripple is likely one of the largest cryptocurrencies on the earth with a valuation of greater than $19 billion. I classify it as a penny crypto as a result of it continuously trades beneath $1. Ripple worth has been below strain previously few weeks as buyers watch the continuing case.

December shall be an necessary month for XRP due to the potential proceedings in the USA. SEC and Ripple might attain a settlement, in line with some analysts, as we wrote here. Subsequently, because the case turns two years, there’s a probability that the coin will see some volatility in December.