November’s Crypto Picks: The 4 Coins Set to Skyrocket This Month
Nova Reyes
Markets Navigator
So far, November has been proving to be Santa Claus for the crypto market. After the disastrous price trend in the last few months, significant cryptocurrencies are witnessing an upward trend in November. Bitcoin is reaching new heights in terms of price range day by day, and ETH and other tokens are also growing at reasonable rates. This month, consider investing in other cryptocurrencies as well. Here are the top crypto picks for November predicted to surge in their prices.
1. Cardano (ADA)
In 2023, Cardano (ADA) has established itself as a popular cryptocurrency. Recently, at the Cardano summit, the Cardano Foundation introduced ‘Ledger Sync,’ an innovative tool aimed at improving the developer experience on its blockchain platform. This tool addresses inefficient data retrieval, a significant challenge on Cardano’s platform, and will soon be released as open source to diversify its developer community.
The current market price for ADA is witnessing a positive trend in November after a poor performance from August to October. As of 13:17 (UTC), the Cardano price stands at $0.369 with a total market cap of $12.89B.
(Sources: Coin Desk’s Crypto Price Index)
The latest trends indicate that ADA is expected to grow further in the upcoming weeks.
2. Solana (SOL)
Like Cardano, 2023 wasn’t looking great for Solana until November. In mid-September, prices dropped considerably to $17.64. However, Solana's prices have started to grow since then. As of 13:17 (UTC), SOL tokens are trading at $62.81, with a 17.46% growth over the last 24 hours. Additionally, Solana has experienced a remarkable 178% growth in its prices compared to last month, the highest among all cryptocurrencies. The increased liquidity and growing market cap are encouraging SOL to potentially breach $65, making it an ideal time to invest.
(Sources: Coin Desk’s Crypto Price Index)
3. Chainlink (LINK)
Initially, Chainlink did not receive the expected support from the crypto community upon its debut. However, it has gradually found its investors. After a good run in 2021-22, 2023 was not as favorable for Chainlink, but November is showing promise. As of 13:17 (UTC), the LINK price is $14.83, with a 3.09% growth in the last 24 hours.
(Sources: Coin Desk’s Crypto Price Index)
In October, analysts predicted that if LINK prices reached $10, they would witness a positive trend. Fortunately, prices did reach $10 and are currently above $14, with potential to breach $17.
4. Ripple (XRP)
The price of Ripple (XRP) has fluctuated due to a court case with the SEC. However, following Ripple's victory against the SEC in August, there was significant optimism in the crypto landscape. Despite this, XRP's price growth has been modest. During the first week of November, while many cryptocurrencies surged, XRP lagged with minor growth.
As of 13:17 (UTC), the XRP price is $0.63946, reflecting a 1.73% decrease over the last 24 hours.
Two theories are being discussed regarding XRP's price prediction:
Theory #1: If Ripple fails to hold at $0.6187, there could be a downward trend, potentially falling to $0.5981 with a 10% dip.
Theory #2: If the price withstands the upper trendline, it may surge to $0.7500 with a 20% growth.
Analysts have varying opinions on these theories, but many expect XRP to show significant growth. If you're considering an investment, buying XRP tokens could be a profitable opportunity in the coming weeks.
Keynote
As a crypto enthusiast, you know that this world is dynamic and ever-changing. Predictions and lists are based on current market analysis. Use this information as a guide, but your investment decisions should reflect your personal views on market trends. Don’t forget to check our next blog post, where we discuss the top crypto headlines of November this week. Stay tuned for more updates!