December 8 Crypto Picks – BONK, BTT, OP for Potential Investment

On December 8, BONK, BTT, and OP emerge as standout performers, positioning them as favorable options among the current crop of cryptocurrencies. The remarkable upswing in the crypto market isn’t confined to decentralized protocol tokens alone; it has spilled over into meme coins as well. Notably, BONK, the dog-themed cryptocurrency that recently claimed the third spot among dog-themed coins, is experiencing another significant surge.

December 8 Crypto Picks – BONK, BTT, OP for Potential Investment

Joining the upward momentum are BitTorrent (BTT) and Optimism (OP). Let’s delve into why these three cryptocurrencies are considered among the best to buy on December 8.

BONK Price Prediction

After experiencing a notable 33% surge in its value recently, BONK has once again captured the spotlight in the crypto sphere. In a market where most meme coins are relatively stagnant, BONK stands out by consistently registering high trading volumes, resulting in a succession of bullish trends.

Noteworthy is BONK’s recent achievement of surpassing FLOKI in market capitalization, securing its position as the third-largest dog-themed coin backed by the Solana blockchain. This significant shift has enticed investors towards BONK, overshadowing even established meme coin giants like DOGE and SHIB.

BitTorrent (BTT) Price Prediction

The surge in BTT’s price serves as a classic illustration of reaping rewards from someone else’s achievements. The recent announcement by Justin Sun, the CEO of Tron, revealing that the Tron network has reached 200 million users, surprisingly did not directly impact Tron’s price but instead contributed to the notable uptick in BTT. It’s worth noting that BTT is the native token of BitTorrent, a platform acquired by Tron back in 2018.

Optimism (OP) Price Prediction

The recent upswing in Optimism (OP) can be attributed to the initiation of USDT payments through OP FND on Kraken. This development propelled the OP price beyond the crucial resistance range of $1.828 to $1.883. Following a substantial surge, the price underwent a minor pullback before rebounding with renewed strength, reaching $2 in a notable bull run.

Examining the daily chart, OP has successfully broken out of an ascending triangle pattern, widely recognized as a bullish signal. It’s worth noting that the Relative Strength Index (RSI) retraced after touching the upper band at 70, suggesting the potential presence of selling pressure.