The “Uptober” predictions at the start of the month did not disappoint, with Bitcoin surging 30% over the past month. However, experts have rightly pointed out that November has traditionally been the crypto market’s best month, which could mean even more upside for the bulls.
Investor sentiment remains extremely positive as most market insiders agree that the SEC will likely approve a spot Bitcoin ETF in the coming months. Furthermore, the recent GDP data – revealing an expansion of 4.9% – has shown that the US economy is in an excellent shape, quelling any fears of a recession.
Best Cryptocurrency To Buy For November Gains
Investors remain convinced that the crypto bull run has already started and are preparing for more crypto prices breaking out in November. Consequently, a few major cryptocurrencies – and some new presale tokens – are seeing strong demand and are being backed by experts to display explosive price action.
In this article, we list half a dozen of the best cryptos to invest in for the month of November:
Bitcoin ($BTC)
Considering that Bitcoin is currently leading the crypto market rally, its inclusion in our list of the best crypto to buy should not be a surprise.
Bitcoin’s recent bullish strength surprised even many bulls, considering that the largest cryptocurrency has surged close to 20% over the past week – trading as high as the $35,000 price level since we tipped BTC to explode ten days ago.
Despite a slight retracement over the past 24 hours, the Bitcoin price continues to trade above the $34,000 price mark. However, on-chain data firm Santiment revealed that BTC continues to maintain a “high pace of active addresses”, which has traditionally pointed to a bullish continuation.
Experts believe that the recent rally is a result of the market front-running the approval of a spot Bitcoin ETF. Indeed, JPMorgan’s latest report stated that the SEC could approve multiple ETF applications before January 10th of 2024, which is the final deadline for the ARK Invest’s application. In fact, Mike Novogratz of Galaxy HQ believes that the SEC could give its green light even before the end of the year.
Furthermore, there is a growing consensus amongst experts that the hype around the upcoming Bitcoin Halving could result in BTC hitting a new all-time high even before the halving. Meanwhile, the Federal Reserve is also set to continue to pause its monetary tightening and could start to cut its benchmark interest rates early next year.
Therefore, all the signs are pointing towards a strong bullish continuation for Bitcoin in November. In fact, BTC is set to close the month of October over its 200-week Exponential and Simple Moving Averages, setting up for a strong performance in November.
Bitcoin Minetrix ($BTCMTX)
Bitcoin Minetrix has quickly emerged as one of the best new cryptocurrency to buy in November, thanks to its strong performance in the presale. The token has raised $2.5 million in its ICO in just a month, which is a testament to the demand for its utility.
The Bitcoin Minetrix project is making it easier for ordinary investors to cloud mine Bitcoin and earn passive BTC rewards – all by simply staking the $BTCMTX tokens.
Over the past decade, retail investors have been phased out of the crypto mining industry and have been replaced by wealthy corporations. The cost of investment and the technical expertise required to run a mining operation has simply been too high.
Consequently, the concept of cloud mining started to gain traction – allowing investors to own a portion of the computational power without requiring them to run an entire mining farm. Despite there being a strong demand for such platforms, investors have largely stayed away from them due to the lack of transparency and an abundance of centralization risks.
Alternatively, Minetrix’s tokenized cloud mining approach gives investors complete control of their funds. They can purchase $BTCMTX tokens and stake them to earn mining credits, which can be burned in exchange for cloud mining time or a percentage of the yields – both options leading to passive BTC rewards. They can also choose to unstake and sell their tokens at any point in time, eliminating the burdensome long-term contracts used by other cloud mining platforms.
The timing of Bitcoin Minetrix’s launch could not have been better – during a bull market, the crypto mining industry turns extremely profitable, which could lead to a strong demand for a platform like Minetrix.
However, investors also do not need to wait for the launch of the cloud mining platform – they can start to earn staking rewards in the presale itself, currently at an APY of 250%.
Thanks to the token’s high utility, experts such as Michael Wrubel are bullish on $BTCMTX and are predicting it to display a strong price growth after its launch.
Visit Bitcoin Minetrix Presale
Pepe Coin ($PEPE)
Pepe has shown extreme bullish strength over the past week as it has surged over 93%, posting the highest gains of any top 100 cryptocurrency.
The frog-based meme token continues to show strong correlation with Bitcoin, with some experts calling it “BTC on leverage”. Pepe’s bull rally has been so violent that it has deleted a zero from its price, currently trading above the $0.00000122 price mark. More importantly, the meme coin has reclaimed the crucial $500 million market capitalization, currently ranking as the 69th largest crypto asset according to CoinMarketCa
Pepe seems to have regained the confidence of meme coin enthusiasts, something that experts were doubtful of after August’s rug pull. Pepe developers sold $15.8 million worth of $PEPE holdings, leading to the price tanking in a matter of minutes.
However, damage control by the remaining members of the team seems to have worked. Pepe’s official Twitter account blamed the rug pull on a few bad apples within the team, announcing that the remaining tokens have been transferred to a new wallet.
The Twitter account recently announced that $5.5 million worth of tokens have been burned, while the remaining tokens in developers’ control will only be used for community-centric purposes. Consequently, bulls have been calling Pepe one of the most decentralized meme coins on the market.
In fact, popular trader @Pauly0x believes that Pepe will regain its $1.6 billion market cap and even surpass it in the coming months.
Meme Kombat ($MK)
Pepe is not the only meme coin displaying a bullish strength – the new Meme Kombat has raised close to $750k in its presale in just over a month.
Thanks to its robust demand, this new meme coin has been a consensus pick amongst experts for the best crypto to buy in November. In fact, popular trader Jacob Bury, who has over 20k subscribers on his YouTube channel, ranked $MK in his list of top cryptocurrencies to buy right now.
Bury has also predicted the token to display a 100x price growth after its launch.
Over the recent months, meme coins paying homage to popular fictional characters have seen remarkable success. In fact, Pepe coin’s meteoric rise was also fueled by the popularity of the “Pepe The Frog” memes. However, instead of banking on just one beloved character, Meme Kombat is capitalizing on 11 of them – each representing a popular meme coin such as Pepe, Doge, Shiba, Floki and Sponge.
The Meme Kombat project is launching a Play2Earn platform that will see these characters engage in exciting battles, the outcome of which will be determined on-chain. This will allow diverse betting opportunities for players such as wagering against each other or against the house, along with side-action betting.
Meme Kombat investors will also be able to stake their tokens right from the presale itself and earn passive income, currently at an APY of 112%. Meme coins offering staking rewards are seeing strong demand in recent times – the Floki crypto surged 20% after the announcement of its staking utility.
The project has also revealed the identity of all team members behind the token – a move that is unprecedented in the meme coin space. In fact, the anonymity of Pepe’s developers was the biggest reason behind its recent rug pull. Consequently, Meme Kombat’s transparency could turn out to be one of its biggest strengths.
TG.Casino ($TGC)
Experts believe that the GambleFi sector would be the revelation of the next crypto bull cycle, just as meme coins were of the previous one. Indeed, Rollbit Coin ($RLB) – a popular GambleFi token – has surged over 80% in the past month, flexing a market cap of $616 million.
However, while tokens like RLB have already exploded, the new GambleFi crypto $TGC is still in its presale, giving investors a chance to earn the maximum benefits. $TGC powers the TG.Casino platform – a new Telegram-based crypto casino that offers anonymous gambling and betting services, with no KYC verification or account setup required.
Similar to other top online gambling sites, users on TG.Casino can bet on hundreds of games and sports books including the NBA, NFL, UFC, MLB, etc. They can also compete with each other in live casino events, where they can also enjoy a generous 150% bonus up to $30,000 along with 500 free spins.
However, TG.Casino’s unique architecture offers several key advantages over other platforms. For example, it leverages Telegram’s end-to-end security, an important tool for both data safety as well as privacy.
Furthermore, the platform has its own multi-purpose bot that acts as a user interface while also handling all the game mechanics. This allows users to enjoy all the services on Telegram itself, without the need of downloading any additional application. This feature can also boost $TGC’s user-adoption – after all, Telegram is the home of a billion users, many of whom are crypto and gambling enthusiasts.
For instance, the Crypto Whale Pumps group on Telegram – which has 25k subscribers – is buzzing about the token’s price potential. The admin of the group – who is a deep-pocketed investor himself – has purchased 10 ETH worth of $TGC in the presale.
Indeed, $TGC brings enormous utility within the TG.Casino ecosystem – several exciting games will only be accessible through the token. Furthermore, users betting with $TGC will receive a 25% cashback on all their losses.
Similarly, a portion of profits from the casino will be used to purchase $TGC tokens in the open market, 40% of which will be burned and the remaining 60% will be distributed as staking rewards. The TG.Casino staking pool is currently offering an APY of over 340% – cover 11 million tokens have already been staked.
Thanks to such robust demand, the TG.Casino presale has hit the $1.5 million mark in just over a month.
Chainlink ($LINK)
Our final pick for the best crypto to buy now for high potential gains in November is the altcoin that kickstarted the “DeFi Season” – Chainlink.
$LINK has been one of the most bullish mid-cap altcoins over the past month, surging over 40% over the past month. According to experts, it also has one of the best fundamentals of any major cryptocurrency, thanks to the rapid innovation in the Chainlink ecosystem.
This Web3 services company – widely known for its cutting-edge oracle technology – continues to push the frontiers of blockchain technology. Its new Cross-Chain Interoperability Protocol (CCIP) has led to partnerships with top financial firms such as SWIFT and the ANZ Banking Group.
Chainlink is currently seeing a slight retracement as it has depreciated 5% over the past day. However, LookOnChain has revealed that the dump is likely due to FTX selling its $2.67 million worth of $LINK holdings, which likely means that the correction is temporary.
Furthermore, $LINK continues to hold above the crucial $10 support, leading smart-money traders to remain long on the token. Analyst @CryptoGodJohn, who has over 500k subscribers on X, revealed that he has purchased more $LINK on the recent pull back and predicts the token price to hit the $14 price mark.
Analyst @rektcapital also highlights that the token is approaching an area of historical resistance along with its monthly macro downtrend level – a breach of either of the resistances could result in a strong upwards pump.