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Cryptocurrency News Articles
Qubetics, Ethereum, and Solana: The Best Cryptos to Buy in November 2024
Nov 09, 2024 at 01:26 am
The crypto market has kicked off November with a bang, and big players like Ethereum (ETH) and Solana (SOL) are set for potential rallies.
As we enter the second half of 2024, the crypto market continues to show promising signs of growth and potential rallies. Among the top contenders are three coins that have grabbed the attention of both traders and investors alike. Here's a closer look at each one:
1. Qubetics ($TICS)
2. Ethereum (ETH)
3. Solana (SOL)
Let's dive into the details of each coin and see why they might be worth considering for your crypto portfolio in November 2024.
1. Qubetics ($TICS): Transforming Real-World Asset Access with Tokenization
Qubetics isn’t your average crypto project. It's diving into one of the most promising trends in blockchain: Real-World Asset (RWA) tokenisation. In simpler terms, it's taking high-value assets—think real estate, art, or even small business shares—and turning them into tokens on the blockchain. This makes these assets way more accessible, allowing folks who don’t have huge sums of cash to get a piece of the action. So, if you’ve ever wanted to own part of a luxury apartment or invest in an up-and-coming startup without breaking the bank, Qubetics has your back.
Here's a quick example to show you how it works. Let's say you're a small business owner looking to expand but don't want to take out a loan. Qubetics allows you to tokenise a part of your business, making it possible for people to invest directly in your venture. Not only does this give you capital without the hassle of traditional financing, but it also lets your customers and supporters get in on the ground floor. Imagine how invested they’ll be—literally and emotionally—in helping your business succeed.
Now, let's flip the script and see how individual investors can benefit from Qubetics. It's a gateway to investment opportunities that were previously out of reach. For instance, with $1,000, you could scoop up around 51,767 $TICS tokens at the current presale price of $0.01932. If the $TICS price does indeed climb to $15 after the mainnet launch, that $1,000 could turn into an impressive $776,500. No wonder there’s a buzz! And with the presale ending soon and a price bump of 10% on the horizon this weekend, Qubetics is clearly one of the best cryptos to buy in November 2024.
2. Ethereum (ETH): Ready to Rally on Bullish Momentum
When it comes to crypto, it doesn't get much bigger than Ethereum. It's the second-largest cryptocurrency by market cap and has been at the forefront of Web3 and DeFi innovations. But what makes ETH so interesting right now is its technical setup, which has traders and analysts keeping a close eye on it.
Recently, ETH surged from $2,400 to $2,800, gaining 7% in just 24 hours. This might not seem like a huge jump, but it's bringing Ethereum closer to a significant momentum cross, which happens above the 180-day moving average. This cross has historically been a strong signal for bullish moves in the market.
In simpler terms, when this cross occurs, it indicates that Ethereum is trading at a higher price compared to what investors, on average, paid for it—usually a great time to buy. This momentum is also being supported by other technical indicators, like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).
The RSI, which measures price momentum on a scale of 0 to 100, is currently sitting at 65.10, indicating that ETH is approaching the upper range but not yet considered overbought. This leaves room for further price appreciation without a steep pullback.
On the other hand, the MACD, which identifies trend direction and momentum, is currently confirming a bullish trend, with many anticipating a potential run to $3,891. This price target is based on the Fibonacci extension levels, indicating a possible 35% increase from its current price.
If you're looking at crypto derivatives to gauge market sentiment and activity, the data also seems to be backing up this optimism. Open interest has climbed by 8.65%, now totalling $16.11 billion, indicating traders are actively positioning for a bullish future.
Additionally, options volume surged by over 78%, highlighting strong activity in the derivatives market. This activity is further supported by short liquidations hitting $41.74 million on November 7, with shorts facing intense pressure—another bullish signal as bears scramble to cover losses.
If you’re considering the best cry
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