What altcoins to invest in in November

(ORDO NEWS) — The crypto market is likely to show new highs by the end of the year. As before, Bitcoin will be the locomotive of the sector. Therefore, in the event of a new stage in the growth of the first cryptocurrency, it will be possible to invest in almost any altcoins from the top 100, if there are no long-term plans. Practice with Dogecoin has shown that even “idle” tokens can show explosive price dynamics.

If we single out individual tokens, then the most noteworthy in November and beyond is ether, on the blockchain of which more and more projects are working. Although the final transition to Ethereum 2.0 is a rather distant event by the standards of cryptocurrencies, the next updates continue to support the ETH rate. Over the past year, the leading altcoin has grown in price by more than 10 times.

It is worth paying attention to Chainlink , which is quite undervalued in the framework of the latest rebound in the crypto market. The cryptocurrency runs on the Ethereum blockchain and is considered extremely promising in the context of the connection between smart contracts and business.

Cardano is also worth considering as an investment destination in November, as Ethereum needs a counterbalance due to fairly high fees, and in that sense there is ADA where users get high speed and no fees.

The Filecoin project , within which the exchange of disk space between users takes place, deserves attention, since it has lost quite a lot in price since September and can show confident growth in the next episodes of growth in the crypto market.

It is worth investing in projects with mobile wallets and the ability to link a debit bank card to a digital wallet. Among them, the most notable are Crypto.com and WAVES and others.

If you look at the monthly chart, then not all top altcoins have pulled up following the growth of bitcoin over the past period. Bitcoin has entrenched itself at current levels, so there is a high likelihood of an alt season and an increase in the total altcoin capitalization in the near future.

This November, BNB is the first thing to look at . Recently, BNB has not grown so actively, but I am sure that in the near future we will be able to see a movement to new highs. The market demand for this cryptocurrency is still very high as The company has a large infrastructure, and its DeFi, GameFi and NFT solutions continue to grow.

In addition, as for the monthly dynamics, our analysts expect the growth of such cryptocurrencies as Cardano and Ripple . These are projects from the top 10, but they react with a delay to the general impulses of growth in the market.

Since the market situation is quite tense, and the altcoin season expected by many investors is still ahead, it is worth investing carefully. Ripple (XRP) is worth paying attention as there is good news in the media and the entry price is acceptable today.

The Polkadot coin (DOT) also looks promising , since the project is developing thanks to interesting technology and a large number of projects that are rapidly appearing in the Polkadot ecosystem, and the transaction turnover is increasing accordingly.

FTX Token (FTT) should not be ignored either . FTX has recently attracted another round of investments and in general there is a positive news background around the exchange, therefore its token may also show good growth.

In October, the market reached a new record, and again one of the meme cryptocurrencies grew by 1000% in a month. This time, Shiba Inu showed the largest lead, while Dogecoin is in the role of catching up. However, in May, it was Dogecoin that showed excellent results with a similar increase, and there is every reason to believe that Elon Musk‘s favorite coin will win back for a low start in November.

The past month turned out to be quite eventful for the cryptocurrency industry. Amid the adoption of the first-ever U.S. exchange-traded fund (ETF) based on bitcoin futures, the value of the main cryptocurrency soared to new all-time highs. Altcoin and DeFi coin markets also did not stand aside and grew by more than 20%. As a result, the total capitalization of all digital currencies grew by 38% to $ 2.64 trillion.

However, this does not mean that all the risks associated with pressure from regulators are over. Quite the opposite, everything is just beginning. So, last week, the head of the US Treasury Janet Yellen proposed to introduce a tax on unrealized capital gains on cryptocurrencies. In other words, she wants investors to pay for the growth in the rate of digital assets, even those that are passively in the wallet. If the proposal of the US Treasury is accepted, cryptocurrency holders will have to sell their assets or pay for their rise in price from their fiat income. It is only interesting how the tax authorities will determine who owns which wallets. It seems that if Bitcoin becomes a full-fledged part of the US financial system, you can completely forget about decentralization. As they say, what they fought for, they ran into it.

Meanwhile, a team of banking regulators is working day and night on a roadmap for banks to handle cryptocurrencies. It is assumed that the document will include rules for storing cryptocurrencies for servicing clients’ transactions, using them as collateral, and even adding them to balances along with traditional assets. Does this mean that the price of bitcoin will certainly rise to $ 100,000? This scenario cannot be ruled out either.

As in the oil market, forecasting bitcoin prices in the long term is a fool’s game that requires predicting the actions of regulators. Some believe that sooner or later the bubble will burst. Others see Bitcoin as a reserve currency that will solve the growing problems in the global financial system. Only time will tell who was right.

Meanwhile, the so-called gamification continues to reign in the cryptocurrency market, which we saw in the case of GameStop and AMC. In October, Dogecoin’s meme price soared 50%, while the price of Shiba Inu increased 900%. Given the fact that growth is not driven by any fundamental factors, we can say that a correction is almost inevitable. In this regard, I would like to note that any investment involves risk. In other words, the greater the risk, the greater the profit, and the lower the risk, the lower the return.

Speaking of potential coins that could shoot: XRP is gaining traction again. To be more precise, in October there was a significant increase in the activity of addresses on the network. Who knows, maybe the coin will reappear on Coinbase.

In October, there was a noticeable bull run in cryptocurrencies. The value of many assets has grown exponentially. And now many are lost or ask the question: “What is better to buy now so that there is a growth potential for November?”

Bitcoin

Bitcoin continues, followed by altcoins. Hence the simple conclusion that since Bitcoin will grow, then it makes sense to expect the same from altcoins, only with a large percentage of volatility.

I see the first goal in the region of $ 70,000. The second target is $ 77,000. He drew these goals just at the end of the month, at the time of this writing.

Ether is second, but not in importance

I personally advocate for this cryptocurrency for a long time. And not for the hype. It’s simple: I came from the stock market to the cryptocurrency one. And it’s important for me to understand the physical and electronic value of a company or a coin. This project has all the components. A large market has gathered around it, and a lot of cryptoassets are dependent on ether. Therefore, the conclusion is simple: hold the ether until the crypt is skimmed.

Since the beginning of the year, I have been saying that ether will become the coin that the entire market will go for. That is, it will replace bitcoin. You may have already noticed that altcoins have shifted their view from bitcoin to ether.

Almost all local targets have passed. But there is another target around $ 4584. And the next goal is almost $ 5,000. That is, there is potential. Then a correction is possible, but for myself, I consider this asset as a hodle.

Solana – Ether Killer

This project is similar to ether, only the transaction speed is higher. The project is new compared to the broadcast, so there is something to look closely at. Especially considering the broadcast schedule. Solana is already showing a similar drive for insane growth. Therefore, this cryptocurrency can also be considered a hodle. But you can also go through the targets.

I consider the upside potential up to $ 307. This cryptocurrency has a very good potential – 50%.

ICP

A very cool, but at the moment, extremely underestimated project. The guys want to remake, or rather build a better quality Internet site. And completely decentralize the internet. Yes, the whole internet.

The project is very large-scale, hence the long accumulation. But as soon as the announcement of the shifts occurs, there will be a furious explosion.

The final target is $ 108. That gives an increase of over 150% of current estimates. By levels, you can collect a coin and wait for positive news from the developers.

Alice

This is a coin from the gaming industry. They have a whole ecosystem, which is extremely important in the 21st century. At the same time, the developers managed to tie NFT to the project, which made them hype. It is this sector that is going with a bang in 2021. The fundamentals are good, but technically the coin is cheap and has good potential.

By November, I would expect the first $ 25 target. That will increase the invested funds by 100%. But the full potential lies in $ 41. If you hold it, then it is quite possible to make x3 or over 300%. It is also likely that it will be before the end of the year.

UNIswap

An exchange is a daily inflow of big money into a company through commissions. Plus paid listings with audits and more. This coin has a fairly solid foundation. Technically, it looks good too.

If we take from the current levels, then the last target can be made a plus of about 90%.

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This article is the private opinion of the experts. The current analysis is not intended to be a guide to trading. ORDO News and experts are not responsible for the results of work that may arise when using trading recommendations from the presented reviews.

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