Against the backdrop of the growth of the digital asset market in early November, members of the crypto community started talking about the prospects of investing in altcoins. Many believe that buying “alternative” coins today can result in good profits in the future. We tell you which altcoins the participants of the crypto community are betting on
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Why is it worth paying attention to violas now?
Analyst Michael van de Popp believesthat the market is on the verge of entering a phase of active growth. In his opinion, right now investors should take care of buying altcoins so as not to miss the opportunity to make money on the positive dynamics of their exchange rate. With his opinion agree many other members of the crypto community.
Let us remind you that the period of time when altcoins begin to actively grow in the crypto community is called altseason. Previously, the editors of BeInCrypto collected in one review all the information on how to prepare for this phase.
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Classic altcoins
Many representatives of the crypto industry rely on the classics – altcoins, which are among the leaders in capitalization. Among such coins, network users highlight XRP and Ethereum. Let’s look at them. XRP is the cryptocurrency of the startup Ripple, which has been fighting with the US Securities and Exchange Commission (SEC) since December 2020. Interest in the coin is fueled by rumors about the project going public. The company also came into the limelight thanks to positive forecasts about the imminent resolution of the litigation with the SEC in favor of Ripple.
Members of the crypto community they see on the XRP chart there are prerequisites for the cryptocurrency to grow. Many are waiting from the positive movement coin throughout November 2023.
XRP chart. Source: TradingView
From Ethereum investors are waiting movement in the region of $2000. The most positive forecasts do not exclude return of ETH to its absolute maximum near $4,000 at the beginning of 2024.
Ethereum forecast from CrediBULL Crypto analyst. Source: X
Investors pay a little less attention to Elon Musk’s favorite cryptocurrency, Dogecoin. Some members of the crypto community believethat the results of a technical analysis of the coin’s chart indicate the prospects for its possible growth.
Other Coins Worth Considering
Among the altcoins that go beyond the top 10 capitalization are members of the crypto community allocate Injective (INJ). In their opinion, the coin has prospects for further growth.
Another cryptocurrency that has come under the radar of investors is Algorand (ALGO). By opinion members of the crypto community, technical analysis of the coin’s chart indicates its growth potential.
Representatives of the crypto industry also pay attention to Fetch.ai (FET), Polkadot (DOT), Coffee (COFFEE) and MultiversX (EGLD).
Disclaimer
All information contained on our website is published on the principles of good faith and objectivity, and for informational purposes only. The reader bears full responsibility for any actions he takes on the basis of the information received on our website.
2023-11-06 10:55:00
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