Much to the despair of investors, the bearish stint continues to stretch over the crypto market. While most cryptocurrencies have recorded significant declines since the start of December, there are others which have experienced substantial gains.
These are our picks for the top 5 surging coins of December 2021.
While a significant percentage of cryptos are staring down double-digit losses, Mobius (MOBI), a platform that makes it easy to integrate fast and free mobile payments into apps and businesses, has gained 1,000% in value so far in December.
The December price chart for Mobius (MOBI). Source: Coinmarketcap
Since the start of December, the price of MOBI has gone from $0.016 to $0.166. In the 24 hours prior to writing, MOBI’s price has gained by more than 370%, dwarfing the year-to-date gain of Bitcoin.
Terra (LUNA) needs no introduction for its exploits, as it stole the limelight in December while the crypto market plunged.
While other cryptos have struggled for gains, LUNA has set multiple all-time highs. Terra’s price rise in a bearish market has earned it the position of the 10th largest crypto by market cap.
The December price chart for Terra (LUNA). Source: Tradingview
The price of LUNA went from $55 on December 4th to hitting as high as $76.48 on Thursday, December 9th. Although LUNA has retraced to sub $65 rates at the time of this writing, year-to-date, the coin has amassed gains of more than 15,000%.
Scalable, decentralized cloud infrastructure Flux was performing the same trend as much of the crypto market, that is until a major listing was announced. Following the announcement of its listing on Binance, the price of FLUX experienced a soar in prices.
The December price chart for Flux (FLUX). Source: Tradingview
Over the 24 hours prior to writing, FLUX has gained by more than 60%. The price boost was even strong enough to send the price of FLUX to as high as $4, before it eventually corrected to its current price of $1.994 at the time of writing.
Keystone of Opportunity & Knowledge (KOK)
Having an unusual name hasn’t stopped the Keystone of Opportunity & Knowledge (KOK) from becoming one of the best performing cryptos in the final month of 2021.
Since the beginning of December, KOK, a project with a focus on improving the distorted systems of the traditional digital media content industry, has gained by more than 60% in value.
The December price chart for Keystone of Opportunity & Knowledge (KOK). Source: Coinmarketcap
The steady rise of KOK in December has taken its price from $3.62 to a new all-time high of $5.75. At the time of this writing, KOK is trading at $5.74 and has a $615.8 million market cap.
On The Flipside
- While there are a handful of cryptos posting gains, the majority of cryptos are drowning in a sea of red.
- More than $400 billion of the global crypto market cap has been lost since the start of December.
Circuits of Value (COVAL)
Emerging as one of the best-performing cryptos is Circuits of Value (COVAL) – the Ethereum token that powers Emblem, a platform on which users can customize ETH, ERC-20, and NFT tokens into a single, tradable token called a Vault.
Following its listing on Coinbase, COVAL has been on the rise. In the 24 hours prior to writing, COVAL has gained 53% in value, and 612% over the last 7 days.
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Prince Floki V2 (PrinceFloki)
For a long time, meme coins have been the wildcards of the industry, and Prince Floki V2 makes the list as their representative. While many other meme coins are struggling to record notable gains, PrinceFloki is raking them up.
Over the 24 hours prior to writing, PrinceFloki has gained by more than 980% in value, and the The meme coin has gained by an outrageous 52,200% over the last week.
The December price chart for Prince Floki V2 (PrinceFloki). Source: Coinmarketcap
Why You Should Care
In a bearish market, these cryptos are showing another side of the coin. At almost any time in the market, there will always be those who are gainers and those who are losers.