$BTC $ETH $
Top 3 Bullish Coins This Week 🐂
The crypto markets look poised to kick off November with some bullish momentum. Here are 3 top cryptocurrencies that appear primed for a bull run this week:
Ethereum (ETH) - Ethereum continues to hold strong above $1,500 as anticipation builds for the upcoming Shanghai upgrade expected around November 10th. The upgrade will make Ethereum deflationary by burning more ETH through its fee structure. This could significantly reduce selling pressure on ETH while increasing demand.
Chainlink (LINK) - Chainlink is up 15% in the past week as interest grows around hybrid smart contracts that integrate Chainlink oracles. Hybrid contracts allow developers to build DeFi apps that leverage real-world data from Chainlink. As adoption increases, LINK could see renewed momentum.
Avalanche (AVAX) - Avalanche's subnet architecture continues to drive new DeFi and NFT projects to launch on the network. Total value locked in Avalanche DeFi hit a new high of $1.4 billion this week. With strong fundamentals, AVAX could break out from its current $18 level.
Other notable bullish mentions are Uniswap (UNI), Maker (MKR), and The Graph (GRT). Each of these altcoins operate in red hot sectors like DEXs, DeFi lending, and data analytics that should continue to drive growth.
With Bitcoin appearing to have found a bottom around $20k, traders seem to be moving back into altcoins for bigger upside potential. Watch for these cryptocurrencies to potentially break out this week if the bullish momentum continues.
