As a seasoned researcher with over a decade of experience in the ever-evolving world of cryptocurrencies, I find myself intrigued by this selection of wallet-friendly altcoins poised to shine in November.
Five affordable cryptocurrencies are expected to stand out this November, piquing the curiosity of crypto fans and investors who seek profitable opportunities. As optimistic forecasts point towards potential price surges, this article delves into which relatively undervalued altcoins could experience substantial growth. This guide highlights the top picks poised to grab attention and generate buzz in the market.
Ondo (ONDO)
In simpler terms, the price of Ondo fluctuates between $0.60 and $0.74, showing uncertainty among both buyers (bulls) and sellers (bears). The highest level it has yet to surpass is at $0.79, while a lower level at $0.52 offers some support. Over the past week, Ondo’s price rose by more than 23%, but it has fallen by over 5% in the last month and 15% in the previous six months. The short-term and long-term moving averages are currently close together, hinting at a possible pause. If the bulls regain strength, Ondo might break through that resistance and reach $0.93, representing a potential increase of about 25%.
Cosmos (ATOM)
In simpler terms, Cosmos (ATOM) is currently struggling with its price fluctuating between $4.10 and $4.91. Although it has seen a 15% increase in the past week, its performance over the last month shows a 14% drop, suggesting a weak surge in demand. The significant resistance level lies at $5.23, and if surpassed, the price might aim for $6.04, representing a potential rise of 18%. However, the Relative Strength Index (RSI) is close to 50, indicating a balance, while a Stochastic reading in the mid-70s suggests that the market may be overbought, causing caution among traders regarding the next move.
Stacks (STX)
The price of STX (Stacks) has been fluctuating, ranging from $1.53 to $1.87. Following a period of slow activity, the coin suddenly increased by nearly 30% over the last week, indicating a resurgence in strength. It’s approaching a resistance level at $2.01, and if it surpasses that, the next goal could be $2.35. Despite gaining 5% in the past month, STX is still lower by about 43% over the last six months. The fact that the 10-day moving average is below its current levels indicates a growing bullish trend, which might lead to short-term growth.
Pyth Network (PYTH)
Currently, Pyth Network’s price is experiencing limited growth, oscillating between approximately $0.28 and $0.34. The significant resistance at $0.36 has yet to be breached, and the coin is trading below its 10-day moving average of around $0.35, which suggests that bears are currently in control. In the past week, Pyth has seen a 23% increase, but over the last six months, it has decreased by 62%. If the resistance is broken, we might see a potential rise of up to 20%, pushing the price to $0.41. However, its poor performance against key averages hints at potential growth difficulties in the near future.
Stellar (XLM)
Stellar (XLM) is experiencing a downtrend as its value stays below ten cents. The bullish force seems insufficient to break the resistance slightly above $0.10. Over the past month, Stellar has fallen by almost 8%, and over the last half-year, it’s dipped by nearly 29%. If the bulls can surge beyond the existing resistance, XLM might increase by 10% from its current price. Yet, with a Relative Strength Index (RSI) below 50, suggesting minimal buying enthusiasm, Stellar continues to face difficulties in regaining momentum upwards.
Conclusion
2024 might see a bull run for some cost-effective altcoins like ONDO, which offers unique financial services, making it an attractive choice. ATOM‘s secure and interconnected blockchain network is garnering attention. STX benefits from its Bitcoin integration, adding value and trust. PYTH is thriving in the data oracle space, delivering reliable real-time data. XLM holds its ground in the payments sector, known for its fast and low-cost transactions. Each of these coins appears promising for growth during the anticipated bull run of 2024.
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2024-09-24 20:52