đ 3 Altcoins to Watch in the Second Week of November 2024
November started off very well, with many cryptocurrencies, including Bitcoin, forming new all-time highs. Amidst the chaos, however, some altcoins are getting sidelined and hold the potential to note gains.
đž Aptos (#APT )
Aptos is benefiting from a strong bullish week, with its price climbing 35% to reach $10.72. The altcoin now aims to secure the 61.8% Fibonacci Retracement level at $11.64 as support, which could reinforce its upward momentum and attract further investor interest.
Today, Aptos unlocked 11.31 million APT tokens valued at $121 million, yet this did not trigger a significant price decline. This resilience suggests solid investor confidence in Aptos, potentially fueling continued gains as the altcoin demonstrates strength amid increased circulating supply.
đž dYdX (#DYDX )
dYdX price surged by 38% this week, though it remains within a consolidation range established in August, holding the altcoin under $1.33. Investors are closely monitoring for signs of a breakout, as sustained gains are necessary to confirm a stronger upward trend.
The recent approval of a proposal by the dYdX community treasury established the dYdX Treasury SubDAO. This was followed by a vote to transfer 45,000,000 DYDX to support a new staking program. These actions reflect growing momentum in governance, setting the stage for possible future growth in the asset.
đž Artificial Superintelligence Alliance (#FET )
FETâs price has surged by 28.5% this week, bringing the altcoin back above the critical support level of $1.40. The next resistance is at $1.71, which, if surpassed, could propel FET toward the $2.00 mark, signaling strong bullish momentum.
This week is pivotal for FET, as the Superintelligence Summit on Monday will spotlight leading AI-powered crypto projects, including the Artificial Superintelligence Alliance. Such events often attract investor interest, and FET could benefit from heightened attention on AI-driven blockchain technologies.
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đTechnical analysis on $TURBO /USDT đ
The price of TURBO has experienced a significant decrease of 12.80% within the last 24 hours, currently trading at $0.008837. The BOLL indicator shows a potential upward trend with the upper band at 0.009836 and the lower band at 0.008264.
đ„ Trading signal: Based on the BOLL indicator, it is suggested to consider buying TURBO at the current price for potential profit. Keep an eye on the 15m, 1h, 4h, and 1D charts for more insights and trading opportunities.
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đ Bitcoin Breaks Records Amid Market Euphoria! đ
- Bitcoin has surged to an all-time high of $81,821, boosting the crypto market cap beyond $2.7 trillion! This rally coincides with Donald Trump's recent election victory, sparking excitement across the crypto space. đ
- Despite this surge, QCP Capital notes that market volatility remains stable, thanks to strategic profit-taking on long call options. Traders were prepared, and sentiment is euphoric!
- Caution: Analysts warn of potential short-term pullbacks, especially from leveraged positions. Keep an eye on macroeconomic events this week, like the US CPI and PPI reports.
đŹ Share your thoughts in the comments! How do you see Bitcoin's journey unfolding?
đ $SOL
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/USDT Technical Analysis: Key Levels to Watch đ
As SOL/USDT continues to move with strong momentum, itâs crucial to keep an eye on the key price targets that could shape the next moves.
đč Target 1: $222.00
This level acts as a near-term resistance and could spark a fresh rally if price action breaks through. A successful test could trigger buying interest toward higher levels.
đč Target 2: $230.00
A critical resistance zone, a breakthrough here would set a bullish tone and pave the way for further upward movement. Watch for volume confirmation and consolidation at this level.
đč Target 3: $199.73
On the downside, $199.73 remains a solid support level. If the market faces a pullback, this could be a prime buying opportunity for those seeking to enter at a discounted price.
đ SOL/USDT Overview:
Current Price: $219.51 (+0.32% change)
24h High: $221.00
24h Low: $199.73
24h Trading Volume: 8.93M SOL
Always ensure to manage risk appropriately and stay updated with market movements. đ Happy trading! đŒ
This post gives the audience technical insight with clearly defined targets, while remaining attractive and engaging.
Prepare for potential opportunities in the altcoin market. Hereâs what historical data indicates:
The previous two U.S. presidential elections triggered significant bull markets.
Each market surge commenced with an initial rally in Bitcoin ($BTC), followed by gains in altcoins.
This phase, known as "alt season," typically occurs when Bitcoin's market dominance declines.
Historically, alt season has started approximately two months after the elections.
In both previous instances, Bitcoin dominance saw a notable drop within this period.
â The conditions suggest that alt season may soon be underway.
Prepare for potential opportunities in the altcoin market. Hereâs what historical data indicates:
The previous two U.S. presidential elections triggered significant bull markets.
Each market surge commenced with an initial rally in Bitcoin ($BTC), followed by gains in altcoins.
This phase, known as "alt season," typically occurs when Bitcoin's market dominance declines.
Historically, alt season has started approximately two months after the elections.
In both previous instances, Bitcoin dominance saw a notable drop within this period.
â The conditions suggest that alt season may soon be underway.
#Therapydogcoin #BIOProtocol
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Monday's highlight from Devcon is here! Catch @yezhang1998, who took the stage a few hours ago at the ZK Connect panel, focusing on ZK beyond rollups.
Ye discussed:
- Making large computations verifiable by the public
- Improving developer experience and reducing overhead costs for wider adoption
- Talks on Tee and ZK, with Ye comparing Tee to a black box
- Differences between zkEVM and zkVM
- Whatâs next: AI (AI agents, zkML), ZK email, and ZK social log-in
The panel featured @francescoswiss (@metamask), @m_ratsim (Lita), @avizurlo (=nil;), and @deligong (Automata).
Trump Wins, Now What's Next for Altcoins? ETF Expert Reveals His Prediction for XRP, Solana, and Cardano!
While Bitcoin and altcoins have seen a huge surge following Trump's presidential win, more moderate cryptocurrency regulation is expected under the Trump administration.
At this point, ETF Store CEO Nate Geraci stated that he expects several spot cryptocurrency ETF applications this week.
While the SEC has approved multiple spot Bitcoin and Ethereum ETFs, there have also been many rejected ETF applications. As Trump's re-election has raised hopes that ETFs will be approved, Geraci said multiple crypto spot ETF applications could be coming this week for XRP, Solana (SOL), Cardano (ADA), and more altcoins.
Geraci said many issuers are waiting for the U.S. election results and have largely prepared for them, adding that he believes there will be no problem in getting more ETFs approved while Trump is in power.
"Just guessing...
Several spot crypto ETF applications are due this week.
XRP, SOL, ADA etc.
I would guess that multiple issuers are extremely prepared for the election results.
There's nothing wrong with being aggressive now."
While there are already ETF applications for Solana and XRP before the SEC, experts believe that with Trump's election, SOL and other altcoin ETFs have a better chance of approval.