In November, top-performing altcoins experienced renewed bullish momentum following the victory of crypto-friendly candidate Donald Trump as the 47th President of the United States. Amid a high-momentum rally, investors can consider these three crypto to buy as they show potential for a 5X rally.
3 Top-Performing Cryptos to Buy for a Potential 5X Return in November
The Bitcoin price rally to a new high of $77,200 has boosted broader market recovery. Toncoin (TON), Shiba Inu (SHIB), and Aureal One (DLUME) are among the top crypto to buy for investors looking for a 5x return on their investment in November.
Toncoin (TON)
TON, the cryptocurrency associated with the messaging app Telegram, stands at the top of our list of crypto to buy due to its high performance in 2024. Over the last 4-months, the Toncoin price has witnessed a steady correction from $8.17 to $5.29— a 36% decrease— under the influence of a descending trendline.
Amid the post-election rally, the Toncoin price was 2% away from challenging the overhead resistance. Since September, the TON’s supply on exchange has plugged drastically from 2.54 Million coins to 1.7 coins, according to Santiment data. The reduced supply on exchange indicates investors move their assets in private wallets to hold their position, projecting their confidence in the asset’s future growth.
Shiba Inu (SHIB)
Among the top memecoin, the Shiba Inu coin shows the potential for a major rally amid whale accumulation and reversal patterns. Over the past five months, the Shiba Inu price prediction showcased a sideway trend that was struggling to sustain above $0.00002.
The consolidation showcased the inverted head and shoulder formation, indicating a potential for a major reversal. In addition, the SHIB supply held by the top address has surged from 59.9% to 61.3% in the last five months.
The increased accumulation from large holders indicates confidence in Shiba Inu’s long-term potential.
Aureal One (DLUME)
Aureal One is a blockchain project focused on providing a high-performance web-3 gaming experience and metaverse service. The platform witnessed investors’ attention as its presale raised over $100,000 soon after the platform.
Featuring near-zero transaction fees and lightning-fast processing times, the Aureal One platform brings a scalable and efficient solution that could redefine the standards for blockchain-powered digital experiences.
In addition to its core blockchain capabilities, Aureal One runs two flag projects: DarkLume Metaverse and Clash of Tiles. The increasing popularity of web3 could drive higher demand for its native cryptocurrency, DLUME.
Conclusion:
For investors looking for cryptos to buy with the potential for significant short-term gains, Toncoin (TON), Shiba Inu (SHIB), and Aureal One (DLUME) present compelling opportunities to drive a 5X rally in November.
Frequently Asked Questions (FAQs)
The top-performing cryptos to consider for a potential 5X return in November are Toncoin (TON), Shiba Inu (SHIB), and Aureal One (DLUME).
Shiba Inu (SHIB) has formed an inverted head-and-shoulders pattern, signaling a potential reversal.
Aureal One is a blockchain project focused on high-performance Web3 gaming and metaverse services. With flagship projects like DarkLume Metaverse and Clash of Tiles, and scalable infrastructure, DLUME is positioned for strong growth as demand for Web3 increases.
Sahil Mahadik
Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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