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    6 Greatest Altcoins To Watch Right now November 16 – Compound, OKB, Pendle, Flare
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    6 Greatest Altcoins To Watch Right now 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 accordance with knowledge from CoinMarketCap, the general cryptocurrency market capitalization has surpassed $3 trillion. 

    Nevertheless, 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 here are the perfect altcoins to observe right this moment for these seeking to capitalize on the present market optimism.

    6 Greatest Altcoins To Watch Right now

    Compound (COMP) is priced at $51.46, reflecting a 9.75% enhance within the final 24 hours. Pendle (PENDLE) stands at $5.38, displaying a 5.24% rise throughout the identical interval. OKB is priced at $44.72, marking a 2.84% acquire over the previous 24 hours. Flare (FLR) has skilled a big surge, now priced at $0.022686, with a forty five.01% enhance 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 result 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, displaying a 9.75% enhance previously 24 hours. Market sentiment leans optimistic, as mirrored by the Worry & Greed Index, which at present 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 might preserve its upward momentum.

    COMP Price Chart

    Prior to now month, COMP closed 15 out of 30 days within the inexperienced, translating to a 50% charge of optimistic every 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 Worry & Greed Index, which stands at 86 (Excessive Greed). Over the previous 12 months, Pendle’s value has surged by a powerful 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 effectively above its 200-day easy shifting common (SMA) of 0.778006, with a big acquire 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 robust place within the cryptocurrency market.

    Forecasts for November 2024 recommend the token’s value might proceed to rise. The expected vary lies between 5.32 and 17.97. Primarily based on these projections, Pendle might 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 development might proceed within the coming months. Its robust standing above the 200-day SMA, excessive liquidity, and constant development spotlight its potential.

    3. OKB (OKB)

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

    OKB Price Chart

    In November 2024, the value of OKB is anticipated to say no barely. Predictions point out a mean value of 43.21, with potential fluctuations between 41.81 and 45.57. This represents a attainable shift in market momentum in comparison with the earlier month. Traders seeking to short-sell might 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 mean of 42.45. This may characterize a 5.08% lower in comparison with right this moment’s value. Brief sellers throughout this era might 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% enhance over the previous 24 hours. Market sentiment across the coin seems bullish. The Worry & Greed Index stands at a excessive degree of 86, indicating excessive greed amongst buyers. Over the previous 12 months, 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 every day closing value was increased than its opening value 50% of the time. Moreover, the coin reveals excessive liquidity relative to its market capitalization, which makes it interesting to many buyers.

    Projections for November recommend the upward development might proceed. Analysts anticipate the value might 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 might see returns of as much as 187% by the tip of the month.

    5. Immutable (IMX)

    Immutable X has emerged because the fastest-growing blockchain gaming ecosystem in 2024. Current reviews from Game7 and Messari spotlight important development, notably in new recreation bulletins, which rose by 71% year-on-year. In whole, 181 new titles have been introduced, displaying 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 previously 24 hours. During the last 12 months, it has gained 19%, indicating optimistic momentum.

    6. Pepe Unchained ($PEPU)

    Pepe Unchained (PEPU), a brand new meme coin, has gained consideration as a result of its spectacular presale success. With practically a month remaining, the ICO raised over $31 million. The ICO’s robust demand has led to hypothesis that PEPU might comply with within the footsteps of common meme cash like Pepe, just lately listed on Coinbase and Robinhood.

    What units PEPU aside is its utility. The challenge is introducing a Layer-2 scaling resolution on Ethereum, aiming to unravel the community’s congestion and excessive charges. This resolution will provide sooner transactions, decrease prices, and instruments like a decentralized alternate (DEX) and block explorer, which might 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 massive buyers, with purchases starting from $30,000 to $50,000, signaling confidence in its potential. The challenge additionally advantages from robust tokenomics, safety audits, and group 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 might have a big upside.

    Go to Pepe Unchained Presale

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