Top 3 tokens to buy on December 6: ETH, ADA, and SOL

Ethereum ETH/USD is a blockchain platform. ETH is the native cryptocurrency token used on the blockchain.

Cardano ADA/USD is a blockchain platform that focuses on the development of decentralized applications (dApps), where ADA is its native token.

Solana SOL/USD is a web-scale blockchain developed to provide quick, secure, and scalable decentralized applications and marketplaces.

Should you buy Ethereum (ETH)?

On December 6, Ethereum (ETH) had a value of $4,062.

With the goal of getting a better perspective as to what kind of value point this is for the token, we will go over its all-time high value as well as its performance in November.

In terms of the all-time high value of Ethereum, it was on November 10 when the token reached a value of $4,878. 

Here, we can see that at its ATH value point, ETH was $816 higher in value, or by 20% when compared to its value on December 6.

In terms of November’s value points, the highest point of value was on November 10, when ETH climbed to $4,843.

Its lowest point, however, was on November 18, when the token fell to a value of $3,987.

Here, we can see that the token fell in value by $856 or by 17%.

However, from November 18 to December 6, it increased by $75 or by 2%.

With that in mind, we can expect ETH to reach $4,200 by the end of December, making it a solid buy.

Should you buy Cardano (ADA)?

On December 6, Cardano (ADA) had a value of $1.30.

To see what this value point means for the token, we will go over its all-time high value as well as its performance last month.

Cardano’s all-time high volume was on September 2, when the token reached a value of $3.09. Here, we can see that the token, at its ATH value point, was $1.79 higher in value or by 137%.

When we look at November as a point of comparison, on November 9, the token had its highest point of value at $2.33.

Its lowest point of value was on November 28, when the token fell to $1.46. Here we can see that the token fell in value by $0.87 or by 37%.

However, from November 28 to December 6, the token fell by an additional $0.16 or by 11%.

This makes it the perfect opportunity to buy the ADA token, as it has the potential to climb to $1.80 by the end of December.

Should you buy Solana (SOL)?

On December 6, Solana (SOL) had a value of $183.

With the goal of getting a better perspective as to what kind of value point this is for the token, we will compare it to it’s all-time high value as well as its performance in November.

The all-time high value of the SOL token was on November 6, when it reached a value of $259. Here, we can see that at its ATH value point, the token was $76 higher in value or by 41%.

When we look at the performance of the SOL token last month, on November 7, the token had its highest point of value at $258.

Its lowest point of value was on November 28, when SOL fell to $185.

Here, we can see that the token fell by $73 or by 28%.

Additionally, from November 28 to December 6, the token fell by an additional $2.

This is a solid price point to enter and buy SOL, as the token has the potential to climb to $200 by the end of December.

The post Top 3 tokens to buy on December 6: ETH, ADA, and SOL appeared first on Invezz.

Publication date: 
12/06/2021 - 17:23
Disclaimer

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.