6 Finest Altcoins To Watch At this time November 16 – Compound, OKB, Pendle, Flare

6 Finest Altcoins To Watch At this time November 16 – Compound, OKB, Pendle, Flare


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A number of established cryptocurrencies have seen notable value will increase during the last 24 hours. Bitcoin (BTC) additionally demonstrated power, rising above the $91,000 mark. In line with information from CoinMarketCap, the general cryptocurrency market capitalization has surpassed $3 trillion. 

Nonetheless, the full buying and selling quantity over the previous day has dropped by 12%, settling at $196.28 billion. Whereas Bitcoin strives to surpass $100,000, the altcoin market has surged. Listed below are the very best altcoins to observe right now for these trying to capitalize on the present market optimism.

6 Finest Altcoins To Watch At this time

Compound (COMP) is priced at $51.46, reflecting a 9.75% improve within the final 24 hours. Pendle (PENDLE) stands at $5.38, exhibiting a 5.24% rise throughout the identical interval. OKB is priced at $44.72, marking a 2.84% achieve over the previous 24 hours. Flare (FLR) has skilled a big surge, now priced at $0.022686, with a forty five.01% improve within the final 24 hours. 

Immutable X has established itself because the fastest-growing blockchain gaming ecosystem in 2024. In the meantime, Pepe Unchained (PEPU), a brand new meme coin, has drawn consideration as a consequence of its profitable presale. Moreover, Bitcoin has risen by over 16% this week, pushed by optimism relating to a extra crypto-friendly U.S. coverage.

1. Compound (COMP)

Compound (COMP) is priced at 51.46, exhibiting a 9.75% improve up to now 24 hours. Market sentiment leans optimistic, as mirrored by the Concern & Greed Index, which presently stands at 86, indicating “Excessive Greed.” The token trades above its 200-day easy shifting common (SMA), priced at 48.11. It’s 6.95% increased than this degree, suggesting the market could keep its upward momentum.

Up to now month, COMP closed 15 out of 30 days within the inexperienced, translating to a 50% charge of optimistic each day motion. Moreover, its excessive liquidity relative to its market capitalization permits for environment friendly buying and selling and diminished volatility. 

Total, Compound’s present efficiency signifies power. Its place above the 200-day SMA and favorable liquidity creates an encouraging buying and selling surroundings.

2. Pendle (PENDLE)

Pendle (PENDLE) is priced at 5.38, reflecting a rise of 5.24% over the previous 24 hours. The sentiment surrounding the token stays bullish, supported by the Concern & Greed Index, which stands at 86 (Excessive Greed). Over the previous yr, Pendle’s value has surged by a formidable 394%. It has additionally outperformed 83% of the highest 100 cryptocurrencies, together with Bitcoin and Ethereum.

PENDLE Price Chart

The token is buying and selling nicely above its 200-day easy shifting common (SMA) of 0.778006, with a big achieve of 594.39% over this degree. Pendle has proven constant market efficiency, recording 17 inexperienced days out of the final 30, which accounts for about 57%. As well as, its excessive liquidity relative to its market capitalization additional helps its sturdy place within the cryptocurrency market.

Forecasts for November 2024 recommend the token’s value could proceed to rise. The expected vary lies between 5.32 and 17.97. Based mostly on these projections, Pendle may common round 10.48, providing buyers a possible return on funding (ROI) of 234.09%. This assumes buyers purchase at present costs and promote on the forecasted highs. Pendle’s current efficiency and technical indicators recommend that the bullish pattern could proceed within the coming months. Its sturdy standing above the 200-day SMA, excessive liquidity, and constant development spotlight its potential.

3. OKB (OKB)

OKB is priced at 44.72, exhibiting a 2.84% improve over the previous 24 hours. Market sentiment for the coin is bullish, with the Concern & Greed Index reflecting “Excessive Greed” at 86. Forecasts recommend various tendencies for the approaching months and into 2025.

OKB Price Chart

In November 2024, the value of OKB is predicted to say no barely. Predictions point out a median value of 43.21, with potential fluctuations between 41.81 and 45.57. This represents a potential shift in market momentum in comparison with the earlier month. Traders trying to short-sell may see a return of 6.52% if these projections materialize.

By December 2024, OKB is anticipated to commerce inside a narrower vary, between 41.57 and 45.20, with a median of 42.45. This is able to signify a 5.08% lower in comparison with right now’s value. Brief sellers throughout this era could obtain a better potential revenue of seven.04%, assuming the forecast holds.

4. Flare (FLR)

Flare (FLR) is priced at 0.022686, reflecting a big 45.01% improve over the previous 24 hours. Market sentiment across the coin seems bullish. The Concern & Greed Index stands at a excessive degree of 86, indicating excessive greed amongst buyers. Over the previous yr, FLR has risen by 108%, outperforming 58% of the highest 100 cryptocurrencies in the identical interval.

FLR Price Chart

Within the final 30 days, FLR recorded 15 “inexperienced days.” This implies its each day closing value was increased than its opening value 50% of the time. Moreover, the coin exhibits excessive liquidity relative to its market capitalization, which makes it interesting to many buyers.

Projections for November recommend the upward pattern may proceed. Analysts anticipate the value could rise to round 0.038313, with fluctuations between 0.019452 and 0.065704, relying on market efficiency. If these forecasts are correct, buyers shopping for on the present value may see returns of as much as 187% by the top of the month.

5. Immutable (IMX)

Immutable X has emerged because the fastest-growing blockchain gaming ecosystem in 2024. Current studies from Game7 and Messari spotlight important development, notably in new recreation bulletins, which rose by 71% year-on-year. In whole, 181 new titles had been introduced, exhibiting a transparent upward trajectory for the platform.

IMX T Price Chart

Furthermore, Immutable led the Web3 gaming area in platform migrations. A complete of 33 video games moved from different blockchains to Immutable’s ecosystem. This shift displays rising confidence within the platform’s safety and infrastructure, suggesting that builders are more and more selecting Immutable.

These developments point out Immutable’s dedication to enhancing participant possession and supporting in-game economies inside Web3. The platform’s token, IMX, additionally mirrors this success, having elevated by 12.16% in worth up to now 24 hours. Over the past yr, it has gained 19%, indicating optimistic momentum.

6. Pepe Unchained ($PEPU)

Pepe Unchained (PEPU), a brand new meme coin, has gained consideration as a consequence of its spectacular presale success. With almost a month remaining, the ICO raised over $31 million. The ICO’s sturdy demand has led to hypothesis that PEPU may observe within the footsteps of in style meme cash like Pepe, lately listed on Coinbase and Robinhood.

What units PEPU aside is its utility. The venture is introducing a Layer-2 scaling resolution on Ethereum, aiming to resolve the community’s congestion and excessive charges. This resolution will supply sooner transactions, decrease prices, and instruments like a decentralized alternate (DEX) and block explorer, which may entice extra meme coin merchants. Moreover, PEPU has launched Pepe’s Pump Pad, a platform permitting builders to simply create meme cash with out coding experience, positioning itself as a competitor to Solana’s Pump.enjoyable.

PEPU’s presale has been backed by giant buyers, with purchases starting from $30,000 to $50,000, signaling confidence in its potential. The venture additionally advantages from sturdy tokenomics, safety audits, and neighborhood help, with rumors of future listings on main exchanges like Binance and Coinbase. Whereas nonetheless within the early levels of the meme coin supercycle, PEPU’s strong basis and rising curiosity recommend it may have a big upside.

Go to Pepe Unchained Presale

Be taught Extra

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