Cryptocurrencies are somewhat complex to fully understand and even harder to keep track of everything that arrives. The world is changing and markets such as cryptocurrencies operate 24 hours a day, however one thing remains, market cycles. Therefore, now is a great time to buy most of the good cryptocurrencies according to most investors, so let’s look at some coins that are on the radar of these big investors.
Table of Contents
1. Bitcoin (BTC)
The first cryptocurrency to exist, Bitcoin fell on hard times as the market struggled with the effects of the FTX-Alameda crisis, as well as the liquidity problems of many other crypto companies. Reports suggest that many whales are dumping large amounts of BTC. Furthermore, Bitcoin mining companies are under enormous pressure to sell stakes to cover costs. This led to a strong bear cycle, which caused the price of Bitcoin to drop further.
2. ChainLink (LINK)
You really should pay attention to Chainlink as it is hovering around $6 or $7 and is close to its 52-week low. There is a good chance that the Chainlink price will go up once the bull market starts. This is because the infrastructure and community behind the coin is alive.
3. Ethereum
The Ethereum network cryptocurrency needs to be watched closely throughout the month. After the strong increase that generated the process of changing the consensus mechanism, from Proof of Work to Proof of Stake, there was a downward movement, reflecting not only the generalized crisis. Now, we are seeing investors looking closely at ETH again, especially considering the current price level, the growth potential and the importance of the Ethereum network for the entire crypto ecosystem.
4. Polygon (MATIC)
MATIC is one of the assets that investors looking for long-term alternatives need to watch carefully. Thus, even with the performance in November hampered by the behavior of the entire market, when we look at the last 60 days, Polygon’s performance is still positive, with +18%, one of the best among the main crypto assets. Recently, the announcement of some partnerships made MATIC stand out. Among which, Meta, from Facebook, Instagram and WhatsApp, announced its partnership with Polygon to provide NFTs. JPMorgan hired Polygon to operate its first live trade on a public blockchain.
5. Dogecoin (Doge)
The price of Dogecoin is up 25.21% in the last 30 days, which is quite a lot given the market conditions. DOGE is currently trading at $0.0822. It is worth mentioning that this currency appreciated 34.87% in the last 60 days and 29.19% in the last 90 days. Finally, we can see the future potential of this coin, which until then was considered by many to be a “shitcoin”, cannot be ruled out, which has become an ace up the sleeve of some of Musk’s ventures. It is important to emphasize that cryptocurrencies are high-risk assets, recommended by specialists only for investors with bold and aggressive profiles, with long-term objectives, and at a level never exceeding 5% of their equity. Also Read: Coca-Cola Launches World Cup NFTs Inspired by Match Heat Maps Read Also: USDC Broadcaster Circle Cancels IPO Plan Read Also: Axie Infinity Jumps Over 20% in 24 Hours; Why is the AXS going up?