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Jimmy Aki
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Jimmy Aki
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Why Trust Cryptonews
After a record-setting weekly close, Bitcoin maintains its position near all-time highs on Monday.
The cryptocurrency has risen 30% this month, solidifying its place among the best to buy now.
ARK Invest’s Cathie Wood reiterated her long-term bullish outlook on Bitcoin, emphasizing that despite its record high of $93,477 on November 13, there is still substantial growth potential.
Spot Bitcoin ETFs also recorded net inflows of $1.67 billion last week, marking six consecutive weeks of positive flows, while Ether ETFs saw $515 million in weekly inflows.
As Bitcoin consolidates, attention has pivoted toward promising altcoins that are exhibiting strong potential for growth.
Among these altcoins are Marlin (POND), Secret Network (SCRT), and MOODENG, which have become standout opportunities, each offering unique value propositions and strong upward potential.
Take a look at some of the best crypto to buy now.
Marlin (POND): Technical Indicators Point to Strong Growth Potential
Marlin (POND) is a blockchain protocol designed to improve network performance by optimizing data transfer speeds.
Trading at $0.01796 as of writing, the token has shown a year-to-date growth of 32.87%, making it a strong contender in the market.
The technical analysis paints a bullish picture, with POND breaking out of a descending wedge pattern—a move often associated with upward momentum, positioning it among the best crypto to buy now.
Key resistance levels at $0.03349 and $0.04249 suggest room for growth, with analysts forecasting a potential price increase of 223.86% by December.
The Fear & Greed Index of POND sits at 83, reflecting heightened investor confidence in the token.
With its strong use case and solid technical setup, POND remains a top choice for traders seeking potential returns.
Secret Network (SCRT): Momentum Driving Its Place as the Best Crypto to Buy Now
Secret Network (SCRT) is a privacy-oriented blockchain enabling encrypted decentralized applications (DApps) and utilizing unique Secret Contracts.
SCRT trades at $0.3679 as of writing, having surged 55.89% in the last 24 hours, with a trading volume of $292.6 million.
SCRT recently broke out of a key resistance zone, driving an 89.64% price increase over two days.
The 7-day and 25-day moving averages confirmed a bullish crossover, although the relative strength index (RSI) at 82.8 signals overbought conditions.
For new investors, it’s advisable to wait for pullbacks near the $0.30 support level before entering, while current holders should consider partial profit-taking as the RSI suggests potential retracements.
MOODENG (MOODENG): Technical Analysis Shows Room for Further Gains
MOODENG, a meme-based cryptocurrency on the Solana blockchain, has gained widespread recognition since its launch.
Inspired by a viral baby pygmy hippo from Thailand, MOODENG leverages the cultural appeal of meme-based cryptocurrencies.
Since launching on September 11, 2024, the token has skyrocketed by over 1964% in price, currently trading at $0.5713, with one investor turning a $401 investment into $1.6 million returns.
Despite its sharp rise, MOODENG shows signs of short-term weakness, with bearish divergences appearing on key technical indicators like the RSI and Moving Average Convergence/Divergence (MACD).
Technical analysis suggests that the token’s price could climb another 30% before hitting a local top.
However, the likelihood of a pullback increases as it approaches its all-time high of $0.6804.
Alternative Picks for the Best Crypto to Buy Now
As the cryptocurrency market grows, alternative opportunities like early-stage meme coin presales continue to offer intriguing potential for investors.
These presales allow market participants to access tokens before public launches, positioning them to benefit from significant price increases during the initial hype phases.
The broader cryptocurrency landscape continues to thrive, with notable endorsements further fueling optimism.
On November 18, former U.S. presidential candidate Robert F. Kennedy Jr. revealed that he invested most of his wealth in Bitcoin, calling it the “currency of freedom” and highlighting its role as a hedge against inflation.
For investors seeking to diversify beyond the mainstream, alternative opportunities like early-stage meme coin presales offer intriguing potential for substantial gains.
19 Best New Meme Coins to Buy in November 2024
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
