Want to invest in November? Here are 3 coins to consider

Temitope Akintade
Crypto adoption in Nigeria
Crypto adoption in Nigeria

October ended on a positive note for crypto investors. The rise of Bitcoin (the flagship digital asset reclaimed the $35,000 mark) and other cryptocurrencies as we head into November has led to speculations of massive gains towards the end of the year. 

With a Bitcoin Exchange Traded Fund likely in the works sometime this month or early next year, the crypto market is poised to explode with new liquidity from both institutional and retail investors in November, which is making the bull market case stronger.

With Bitcoin rallying, attention has now turned to altcoins. Several altcoins have been rallying, presenting an opportunity for investors to capitalize on in the future. As the momentum continues to grow, investors still wonder which are the top cryptos to buy. 

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However, we have come up with a list of 3 altcoins to consider investing in November, to be a beneficiary of the expected market gains. These coins and tokens have solid network fundamentals and use cases. Here are the top cryptos to buy in November.

Solana ($SOL)

Solana has been recognized for its high throughput and low transaction costs. These factors make it a potential candidate for widespread adoption, especially in decentralized finance (DeFi) and decentralized applications (dApps).

Solana coins to buy in November

Despite past associations with the troubled FTX, Solana has shown resilience. Towards the end of October, Solana more than doubled in value, with a 79.12% increase in the last month. And now, the technical analysis suggests a bullish trend with potential for further gains in November. 

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The continuous development and adoption in the DeFi and NFT spaces coupled with the momentum and fundamentals to be considered one of those top cryptos to buy in November.

Chainlink is a decentralized oracle network that aims to connect smart contracts with data from the real world. The native token, $LINK, has been on an upward trajectory recently, with promising signs for a bullish rally which makes it part of our list of cryptos to buy in November. 

Some crypto analysts predict that coins like LINK will undergo a significant rally. Prominent crypto trader and analyst Michaël van de Poppe, in a YouTube video on Sunday, pointed out the need to buy Chainlink based on the token’s historical price movement. He emphasized that LINK historically correlates with Bitcoin, meaning the asset classes tend to move together. 

Poppe acknowledged that LINK’s value has already begun surging and identified two key price levels to watch out for that present an ideal buying point. In his analysis, Poppe stated that if the current strength in price movement continues, LINK could potentially outperform and reach a price range of $25 to $30.

The expected upside quoted by other analysts is as high as 100%. This anticipated move is expected as the United States Dollar Index shows signs of topping out, which is a signal of a positive direction for cryptos in the next six months.

Polkadot ($DOT)

Polkadot aims to enable different blockchains to transfer messages and value trust-free. 2023 has been a standout year for $DOT. $DOT has seen significant growth and development, with a surge in developer contributions reaching a peak of 19,090 on GitHub. 

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The main reason $DOT is one of those cryptos to buy is due to the strength of its network fundamentals. Also, the integration with Circle’s USDC and the launch of the Rocco Testnet are set to improve liquidity, financial infrastructure and network performance.

Polkadot (DOT) is a cryptocurrency to look out for in November.

This content is for informational purposes only and should not be construed as investment, tax or legal advice. It is strongly recommended that every recipient seek appropriate independent professional advice before acting on any information contained herein, as Technext provides no endorsement, opinion or advice, including investment, tax or legal, and makes no representation or warranty about the suitability of a product for a particular reader or circumstance.

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