The crypto markets are currently enjoying a much-needed relief. Most major tokens have broken past their previous resistance levels. October ended up being “Uptober” after all, with most of the year following a downward trajectory.
With that said, let us take a look at…
Top 3 Crypto Projects for November
Shiba Inu (SHIB): Shiba Inu, apart from being one of the most popular cryptocurrencies, has had a host of launches this year. Although the Shiba Eternity game did not do much to push the token’s price, all eyes are now on the Shibarium launch. SHIB developer Shytoshi Kusama has revealed that, with the Shiba Eternity documentation out, all his focus is now on Shibarium. Kusama also revealed that after the Shibarium launch, the game will be launched on the new layer-2 network.
On the price side, SHIB has rallied 31.4% in the last seven days. The project is up by 25% in the last 14 days, and up by 16.5% in the last month.
At press time, SHIB was trading at $0.00001303, up by 8.4% in the last 24 hours.
Dogecoin (DOGE): Dogecoin has come out on top as the best-performing crypto in the last week. The token rallied by 145% in the 7-day charts. Now, DOGE being a meme crypto, relies a lot on social media engagements. That being said, the latest rally follows Tesla CEO and DOGE proponent, Elon Musk’s acquisition of Twitter. There is word that the social media giant will integrate a DOGE tipping feature. That makes it a good prospect to keep a check on.
At press time, DOGE was trading at $0.145674, up by 25.8% in the last 24 hours. The token is up by 143.9% over the last month.
Bitcoin (BTC): A top 3 list would not be complete without the original crypto.
The options market that tracks the price of Bitcoin (BTC) indicated that the once-overwhelming fear of a prolonged decline has diminished, suggesting that the worst may be over for BTC’s price.
Both the long-term and short-term skews have increased near zero for the first time since March, indicating a decline in the demand for puts or downside protection relative to calls or bullish bets. After quite a long time, market sentiment has returned to neutral.
At press time, BTC was trading at $20,632.75, down by 0.6% in the last 24 hours.