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Jimmy Aki
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Jimmy Aki
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Why Trust Cryptonews
The cryptocurrency market is again in the spotlight as Bitcoin continues its strong rally, nearly reaching $90,000.
This impressive surge marks Bitcoin’s best weekly performance since the U.S. banking crisis in March 2023, which saw Silicon Valley Bank’s collapse and Silvergate Bank’s liquidation.
Bitcoin has surged from $69,000 to almost $90,000 within the last five days, fueled by positive sentiment and fear of missing out (FOMO), leading both retail and institutional investors to increase their exposure.
At press time, Bitcoin trades at $85,957, up over 24% for the week.
This recent bullish momentum was further spurred by Donald Trump’s win in the 2024 U.S. presidential election, which inspired confidence in more business-friendly regulations.
Bitcoin-focused investment funds also saw significant inflows, with $2.6 billion moving into spot Bitcoin ETFs in the last five days, as per Farside Investors data.
Ether has also benefited, with U.S. spot Ether ETFs recording inflows of $294.9 million on November 11.
As interest in Bitcoin grows, a potential altcoin season is emerging, presenting promising growth opportunities for select altcoins.
Below are some of the best crypto to buy now, including Bonk (BONK), Cronos (CRO), and Neiro (NEIRO):
Bonk (BONK): Technical Indicators Signal Continued Growth
Bonk, a pioneering meme token and one of the best crypt to buy on the Solana blockchain, has captured attention with its strong user base and trading volume.
BONK is currently trading at 0.00002943 with an 18.65% increase in the last 24 hours and has tested the $0.000034 resistance level before finding support at $0.000028
According to Coingecko, the Solana meme token sector surpassed $10 billion in trading volume on November 11, marking the highest demand for Solana-based memes since 2020.
This bullish sentiment for memes, community-driven events, and integration across Solana’s DeFi protocols have contributed to Bonk’s appeal.
Technically, BONK shows bullish signals with its upward-trending Mass Index, indicating potential trend reversals.
With the Bull-Bear Power reflecting a strong bullish bias, BONK may break the weakened $0.000034 resistance, potentially aiming for $0.00005
Cronos (CRO): Strong Momentum as Development Plans Shape the Future
Cronos, formerly known as Crypto.com Coin, has experienced a remarkable 15.52% rise in the past 24 hours, with an impressive 127% gain since the beginning of the month.
CRO’s latest rally has reignited optimism about reaching its all-time high (ATH) of $0.96 by late 2024.
Initially struggling during the 2022-2023 bear market, CRO rebounded in Q1 2024, drawing significant liquidity and bringing trading volumes back to 2021 bull run levels.
Currently, CRO sits between $0.20 and $0.23, with a breakout past this range potentially ushering in a strong bullish trend and seen as one of the best crypto to buy.
In the fourth quarter (Q4) 2024, Cronos plans to roll out its “Level Up” program and Cronos AI tools, followed by new card services in Latin America, the Middle East, and Africa in Q2 2025 and expanded banking services by late 2025.
Neiro (NEIRO): Community Engagement and Technical Analysis Point to Further Gains
Neiro, the Ethereum-based sister project of Kabosu Doge, launched after Kabosu’s passing in May, emphasizes community engagement and charitable initiatives.
Since its September 16 Binance listing, Neiro surged from a $15 million market cap to over $1 billion.
Currently trading at $0.002663, Neiro has gained 11.21% in the last 24 hours, just 16.3% below its ATH of $0.003093.
Neiro’s rally is in its fifth and final upward wave since August, with technical analysis suggesting further upside.
The next target of $0.00568 will reveal if the trend will continue or reverse.
This rally may position NEIRO as one of the best crypto to buy for investors focusing on community-based crypto projects.
Better Alternatives to Consider
New York Digital Investment Group (NYDIG) Head of Research Greg Cipolaro recently highlighted that Trump’s Bitcoin endorsement and anticipated regulatory shifts could boost Bitcoin popularity, potentially triggering a new altcoin season.
BlockchainCenter.Net’s Altcoin Season Index indicates that altseason typically starts when over 75% of altcoins outperform Bitcoin in three months; the last such season occurred in January 2022.
For those looking to capitalize on the potential liquidity, Cryptonews.com has identified promising meme coin presales for November 2024, providing an entry point into the meme coin market before they go public.
18 Best New Meme Coins to Buy in November 2024
