Best Cryptocurrencies to Invest in Today, December 13 – XRP, Chainlink, Sui
Highlights:
- XRP is expected to reach $3 by year-end if it breaks key resistance levels and continues its upward momentum.
- Chainlink’s rising open interest and institutional interest show growing investor confidence and bullish sentiment.
- Sui’s growing total value locked (TVL) highlights increasing trust in its decentralized finance ecosystem.
The cryptocurrency market is showing a bearish sentiment today, with almost all the top ten cryptos in the red zone. The market cap has decreased by 1.87% to $3.58 trillion. The 24-hour volume has dropped 9.71% to $199.14 billion. The fear and greed index is at 78%.
Bitcoin continues to assert its dominance with a 55.2% share of the cryptocurrency market. BTC has regained past the $100,000 mark and is currently trading at $100,215. Its 24-hour trading volume has dipped 15.85% to $68.59 billion.
The $100,000 mark is a critical level for BTC as analysts predict that it will soar after Trump’s inauguration. During downturns, the market offers the best investment timings, and these coins are the best to invest in today: XRP, Chainlink, and Sui.
1. XRP
XRP is currently trading at around $2.32, showing a 249.49% increase in the past month. The coin has slightly decreased by 3.26% in the last 24 hours. Its trading volume has tumbled by 28.13% in the past 24 hours to $9.09 billion. XRP is experiencing a slight correction before its expected rise to $3 by year-end.
According to an analysis by Dark Defender, a well-known crypto analyst, XRP is on the verge of reaching an all-time high (ATH). He predicts that if XRP breaks through the $2.52 resistance level, it could move to $5.85 in the near term and to $18.22 in the long term.
Hi there. #XRP has almost finalised the ABC Corrective Wave pattern in the daily time frame!
It will be confirmed if XRP breaks $2.52.
I expect XRP to break here within 24 hours.
Road to $5.85 first & then $18.22.
Not Financial Advice#XRPArmy #XRPCommunity #Ripple #RLUSD pic.twitter.com/M4AGMV3Oyy
— Dark Defender (@DefendDark) December 11, 2024
Additionally, Ripple’s approval to launch the RLUSD stablecoin is expected to boost XRP’s price. The NYDFS approved Ripple’s issue of the stablecoin, which will drive demand for XRP.
2. Chainlink (LINK)
LINK is currently trading at $28.75, reflecting a 2.9% increase in the past 24 hours. The trading volume has increased by 25.90% to $3.4 billion. LINK has gained over 100% in the past year and reached its yearly high of $30.76 today.
The price rally is primarily driven by increasing demand for decentralized oracles and smart contract solutions. LINK is facing the $29 level resistance and a breakout could lead to a surge by year-end.
Open interest in Chainlink has surged as well. According to Glassnode, LINK’s open interest has surged to an all-time high of $770.27 million. This demonstrates growing institutional participation and a bullish market sentiment.
#Chainlink's token $LINK has hit its highest price in nearly 2 years, and Futures Open Interest (OI) just surged to an all-time high of $770.27M!
For context:
🔸 $LINK OI: $770M
🔸 $TON OI: $259M
🔸 $TRX OI: $356M#LINK's OI is 3x TON & 2x TRX, signaling massive trading… pic.twitter.com/Dr8YAVWJAj— glassnode (@glassnode) December 12, 2024
Additionally, Trump’s WLFI project has bought Chainlink. WLFI bought 41,335 LINK tokens at $24.2 per unit. The project also bought 3,357 AAVE tokens at $297 per unit and 2,631 ETH for $10 million at an average price of $3,801 per token.
U.S. President-elect Donald Trump's World Liberty Financial (@worldlibertyfi) has spent $12M on $ETH, $AAVE, and $LINK in the past 10 hours, including:
• 2,631 $ETH ($10M) at ~$3,801
• 3,357 $AAVE ($1M) at ~$297.8
• 41,335 $LINK ($1M) at ~$24.19This is the fund's first… pic.twitter.com/izCy3nLGjR
— Spot On Chain (@spotonchain) December 12, 2024
The move comes after WLFI announced a partnership with Chainlink on Nov. 14. The partnership is aimed at enhancing the security and interoperability of its DeFi protocol. The continued use of Chainlink for blockchain smart contracts is expected to increase the usability of the LINK coin.
3. Sui (SUI)
SUI is currently trading at around $4.69, with a 0.50% drop in the past day. Its trading volume has decreased by 45.69% to $2.13 billion. Despite this, the coin recently hit its all-time high (ATH) signaling strong market interest.
SUI has also seen significant growth in its total value locked (TVL). As of press time, its TVL stands at $1.778 billion. The growth in TVL is driven by its decentralized finance protocols. Higher TVL and trading volumes demonstrate increasing trust in the network.
Despite the downturn in the market today, these three coins are set to soar before the year ends hence they offer the perfect investment choices today.
eToro Platform
Best Crypto Exchange
- Over 90 top cryptos to trade
- Regulated by top-tier entities
- User-friendly trading app
- 30+ million users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Austin Mwendia
Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance.
View full profile ›ℹ️About Crypto2Community's Editorial Process
Crypto2Community's editorial policy is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict editorial policy and sourcing standards, and each page undergoes diligent review by our team of top crypto industry experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
