The crypto market appears to be in a perfect position after its upward momentum in the first week of November. Top altcoins like Solana (SOL), Binance Coin (BNB), and DTX Exchange (DTX) are currently recording major profits. Their prices have even increased to new monthly highs.
Going forward, analysts are expecting more gains. They predict the value of Solana could pump to $275 while Binance Coin (BNB) might rally to $800. Analysts have forecasted a 200% price pump for the DTX coin.
Solana (SOL) Aims for $270-275 in November
Solana (SOL) displayed an overwhelming performance last week. It reclaimed the $200 mark for the first time in eight months, according to CoinMarketCap. The altcoin even crossed the $210 mark on November 11 before retracing to lower levels.
According to CoinMarketCap, the cryptocurrency has profits of 26.0% and 41.0%, on the weekly and monthly timeframes, respectively. The token’s market cap is consolidating between $75 billion and $105 billion. Mac predicts the Solana price may reach $275 before the end of November.
Another cryptocurrency enthusiast, CJ, has a similar forecast for the Solana coin. They posted a chart where the value of the Solana token soared to $270. The coin’s 14-day RSI is currently above the 70 mark, meaning it is overbought. So, Solana (SOL) could witness a little correction in the coming days.
Binance Coin (BNB) is Waking Up, Analyst Forecasts Rise To $800
Despite its latest upsurge, Binance Coin (BNB) has failed to reclaim its fourth position. The Binance Coin crypto lost its position after Solana showed a remarkable performance last week. Currently, BNB bulls are awake. They have pulled an 11.3% price surge on the weekly timeframe and a 7.9% increase on the monthly timeframe on CoinMarketCap.
The Binance Coin price soared to a 7-day high of $640 for the first time in months. Although BNB has lost its upward momentum, it is trading above the $600 mark. The cryptocurrency’s 14-day RSI is above the midline, supporting the chances for a price surge. MrFib predicts the value of the Binance Coin BNB might rally to $800 in the coming weeks. Lucky is more optimistic. He forecasts the coin’s price could pump to $1,000
DTX Exchange (DTX) Expected To See 50% Surge In November
DTX Exchange (DTX) has also benefited from the November rally. The blockchain ICO has crossed $7.1 million in funding, while its native coin has increased by 300%. Currently trading at $0.08, analysts have tagged the DTX token as one of the best cryptos to buy in November. They have forecasted a 50% surge in the coming days.
DTX Exchange is revolutionizing trading with the mixed trading model that consists of the best features of both CEX and DEX. Such an approach allows users to trade more than 120,000 different assets – cryptocurrencies, stocks, indices, and commodities – in one platform. Also, DTX offers anonymity and freedom with no need for personal identification. Traders can access the platform from anywhere in the world.
One of the features that add more value to DTX Exchange is the Phoenix Wallet. This wallet will support every type of asset, including cryptocurrencies, stocks, and forex, among others, and enables users to hold, invest, and trade within the App. The Phoenix Wallet also provides the trader with an easy way to manage multiple assets without the need to move between applications.
In Conclusion
The market is experiencing a massive rally in November. Analysts believe this could be the beginning of the long-expected bull run. Investors who wish to be part of this potential bull run could invest in top crypto coins like Solana (SOL), Binance Coin (BNB), and DTX Exchange. Meanwhile, DTX Exchange has a 75% bonus for those who buy using the code “TRUMP.”
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