YEREVAN (CoinChapter.com) — The crypto market was back with a bang, adding over $100 billion to its overall valuation on Nov. 15, but corrected the next day, partially paring its gains. Here are the top 5 altcoins that stood out with their green candles despite the intraday drop.
Kaspa (KAS) made the largest 25% leap among the top 50 cryptos and reached a record high of $0.13 on Nov. 16. As a result, Kaspa coin’s monthly gains stood at over 200%.
Moreover, the trading volumes soared with the price, confirming the high demand. While the volume alone does not indicate traders’ bias, active trading, paired with a surging price could indicate that the bulls are not done yet, and could push the coin to another leg up.
Avalanche (AVAX) soared 13% on Nov. 16 to just under $23, the highest price since August 2022. Meanwhile, during the crypto uptrend, AVAX conquered a significant resistance line that hindered the coin’s rallies since May 2022.
If the rally continues, AVAX could reach its former resistance at $30, which would constitute a 35% uptrend for the coin. The heightened development activity and developers’ count on the blockchain testify to a possible bullish continuation.
THORChain’s RUNE token jumped 11% on Nov 16, bringing its gains since Oct. 20 to over 330%, following Grayscale’s re-filed application for a spot Bitcoin ETF.
Notably, according to CoinMarketCap, the coin’s trading volume surged in the previous months, and RUNE outperformed all leading altcoins in the previous 90 days.
As a true memecoin, Dogecoin (DOGE) fed off the overall hype on the market and jumped 7% in the previous 24 hours, reaching $0.077.
Moreover, DOGE broke out of a technical setup known as the “falling wedge.” The latter features two converging trendlines and takes the token price lower as the formation progresses. The falling wedge is a bullish reversal pattern that forecasts a move equal to the maximum wedge height.
In Dogecoin’s case, technicals pin the target DOGE price at $0.11, or 50% higher than the current value.
Cardano (ADA), the last top-50 coin on the list, jumped 5% to $0.38 on Nov. 16, bringing its overall gains since Oct. 20 to 60%.
ADA jumped less compared to other coins on the list. However, according to the latest CoinShares report, Cardano was among 5 cryptos investors favored, as it saw an inflow of $8 million year-to-date. Conversely, Ethereum (ETH), Cardano’s biggest competitor, experienced a year-to-date outflow of $58 million in the same period.
Robinhood has run into trouble with the United States Securities and Exchange Commission (SEC), leaving…
Investors are always on the search for the next high-potential crypto coins to invest in.…
As the cryptocurrency market ebbs and flows with unpredictable volatility, several tokens are currently at…
StakingFarm is excited to announce the release of its comprehensive Beginner’s Guide to Earning Passive Income from…
Notcoin, a new social clicker game within the Telegram messaging app, is gaining immense popularity…
Bitcoin is not devoid of bullish cues, which could help the prime crypto token's price…