Why should you invest in Bitcoin in November 2024?
Why $BTC ?
Following Donald Trump's win in the 2024 U.S. presidential election, the cryptocurrency market has been surging, with nearly all major cryptocurrencies experiencing notable gains.
Last week, Bitcoin achieved new all-time highs, with the price peaking at around $93,240. Inflows into Bitcoin ETFs were strong to start off the week, although investors did secure profits at the end of the week. According to data from Farside Investors, spot Bitcoin ETFs in the United States saw $400 million in outflows on Thursday and $370 million in outflows on Friday.
However, the outflows in the first three days of the week were strong enough that Bitcoin ETFs saw $1.67 billion in inflows during the week overall.
On top of that, MicroStrategy has announced another massive Bitcoin purchase, as the company has bought an additional 51,780 BTC for a total price of about $4.6 billion (around $88,627 per BTC). MicroStrategy now holds 331,200 BTC, which is around 1.67% of the circulating Bitcoin supply.
With a $100,000 price tag now being a real possibility, we believe Bitcoin is easily the number one coin to watch in the week ahead of us.
(BTC)
$ 90,416 - $ 100,817
11.50%
change by Nov 23, 2024
Price at press time
$ 90,416
Prediction price
$ 100,817
Prediction High
$ 100,817
Prediction Low
$ 92,683
2. Solana
Solana
($SOL )
$ 251.95
48.71%
Past 1M
24H
7D
1M
3M
6M
YTD
1Y
3Y
5Y
ALL
Market Cap
$ 119.59B
Volume
$ 11.18B
Supply
474.67M
All time High
$ 264.00
Solana is a smart contracts platform with a unique architecture that allows it to process thousands of transactions per second while keeping costs extremely low. Solana achieves this by utilizing a unique Proof-of-History algorithm and a Proof-of-Stake consensus mechanism. SOL is among the cheapest cryptos to transfer on the market, as users pay less than $0.001 per transaction on average.
$BNB holders who have their tokens in Simple Earn products, including flexible and locked lending products. Binance coin is targeted to 800$.
