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It is the last quarter of the year already, and the past year has been a phenomenal rally in the crypto market – especially recently with former President Trump returning to the White House. Whether you are eyeing short-term gains or looking for long-term potential, making informed investment decisions is essential. This article highlights the top 10 cryptos worth considering in November 2024. These cryptos have demonstrated strong market performance, innovative technology, and robust fundamentals, positioning them as promising investment options.
We will explore short-term opportunities for those looking to capitalize on current market trends and long-term prospects for investors seeking sustained growth and stability. By examining key factors such as market capitalization, project development, partnerships, and community support, we can identify the standout crypto that can potentially deliver attractive returns in the dynamic crypto market 2024. So, let’s delve into the top cryptos to invest in for both short-term gains and long-term growth in November 2024.
Read more: Top cryptos 2025
Bitcoin
The first token on the list of top cryptos in 2024 has to be Bitcoin. With its widespread adoption and global recognition, Bitcoin, the pioneering crypto, continues to dominate the digital asset space. While Bitcoin operates on the blockchain, the recent trends have seen the emergence of two notable terms that didn’t exist before in the king coin ecosystem: BRC20 and ordinals NFTs. BRC20 refers to the token standard used on the Bitcoin blockchain, similar to Ethereum’s ERC20 standard. It enables the creation and management of various tokens, representing different digital assets, on top of the Bitcoin network. This development has opened up new possibilities for decentralized applications (DApps) and tokenized assets within the Bitcoin ecosystem.
On the other hand, the term “ordinals” has gained attention as a potential upgrade to Bitcoin’s scripting language. The Ordinals protocol on the Bitcoin network is a process for numbering satoshis, giving each satoshi a serial number and tracking them across various transactions in a process called “inscription”. Thus, the ordinals protocol allows users to make individual satoshis unique by adding this extra data – thus making them into an NFT.
Current Price | $74,850 |
Market Cap | $1.48 trillion |
Circulating Supply | 19.77 million BTC |
Max Supply | 21 million BTC |
Vol (24H) | $80 billion |
Change (YTD) | +77% |
Founder | Satoshi Nakamoto (pseudonymous) |
- During the US election vote counting, Trump’s lead over Kamala Harris had driven Bitcoin price past its prior all-time high of approximately $73,900, pushing the price above $75,000. Now even with the election out of the way, Bitcoin price is still holding just under $75,000.
- Breaking out of this range has ended Bitcoin’s 8-month consolidation period, and with technical indicators now signaling bullish momentum, further price gains may follow.
- Bitcoin price has moved past the $73,900 resistance zone and could potentially reach the anticipated $80,000 level in the near term.
- The Relative Strength Index (RSI) has reached its upper limit and may soon enter overbought territory, unlike previous attempts that saw a pullback. A bullish crossover between the 50-day and 200-day Exponential Moving Average, known as a Golden Cross, has supported the upward trend, with sustained buying pressure likely to continue.
- As a result, Bitcoin is expected to set a new all-time high above $75,000 initially, before entering a discovery phase that could test even higher levels.
Read More: Top Altcoins 2024
Ethereum
Next on the list of top cryptos in 2024 is Ethereum. Ethereum is the second-largest crypto asset by market cap and the largest smart contract-capable altcoin in the market. On April 12, 2023, Ethereum underwent a significant upgrade known as the Ethereum Shanghai Capella. This upgrade introduced several key improvements to the Ethereum network, enhancing its scalability, security, and usability. But most of all, the Ethereum Shanghai Upgrade introduced the EIP-4895 – which finally unlocked the “unstaking” feature for staked ETH tokens to the Beacon Chain. This is the first time since December 2020 that Ethereum validators could unstake their rewards from the PoS chain.
Additionally, the Capella upgrade addressed various technical aspects, including enhanced security measures, optimized network performance, and improved user experience. These advancements aimed to solidify Ethereum’s position as a leading smart contract platform, enabling developers to build decentralized applications (DApps) and deploy smart contracts with greater confidence.
Further, more recently – Ethereum has successfully gone live with Ethereum Cancun Deneb Upgrade on all three testnets, and is all set to go live on the mainnet soon. The Cancun-Deneb (Dencun) Upgrade encompasses a range of enhancements to both the execution layer (Cancun) and the consensus layer (Deneb) of the Ethereum network. These synchronized upgrades bolster scalability, security, and usability, resulting in a more robust infrastructure for decentralized applications (dApps) and smart contracts. Ethereum’s Dencun initiative is poised to drive innovation and accelerate blockchain technology adoption by providing a solid foundation for future developments.
Current Price | $2823 |
Market Cap | $340 billion |
Circulating Supply | 120.4 million ETH |
Max Supply | N/A |
Vol (24H) | $37 billion |
Change (YTD) | +23.7% |
Founder | Vitalik Buterin, Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph Lubin |
- Following Donald Trump’s recent victory in the 2024 US election, Ethereum price initially surged, showing signs of strong recovery amid positive developments in the crypto market, with a breakout from a falling wedge (marked by blue trendlines) hinting at a bullish shift, further supported by spot Ethereum ETFs approvals.
- Ethereum price entered a bearish phase during the latest crypto market downturn, falling below the parallel channel it had maintained until June 2024.
- Currently, Ethereum price is trading slightly above November’s base Fibonacci pivot, and is also trading above both the 50-day and 200-day Exponential Moving Averages. The recent death cross intensified bearish sentiment, but recovery signals are emerging.
- Ethereum price faces a resistance level near $2,990 (R3 Fibonacci pivot level), which it briefly surpassed in July but has since fallen below. A sustained breakout beyond $2,700 could set potential targets at $3200 and possibly $3,500 by the end of November.
- If Ethereum price drops, the next major support is expected around the November base Fibonacci pivot, close to $2,500.
Solana
Third in the list of top cryptos in 2024 is Solana. Solana is a blockchain platform that has gained significant attention in the crypto space due to its remarkable speed and scalability. It aims to provide a high-performance infrastructure for decentralized applications (DApps) and financial services. Solana’s unique consensus mechanism, known as Proof of History, enables fast and secure transaction processing, making it a compelling choice for developers and users.
As one of the contenders in the list of top cryptos in 2024 to consider, Solana’s potential lies in its ability to handle many transactions per second with minimal fees. Its robust ecosystem and partnerships with various projects contribute to its growth and adoption. However, it’s important to note that investing in any crypto carries risks, including market volatility and regulatory uncertainties.
Recently, Solana also briefly beat Ethereum in NFT sales volumes, marking a significant milestone in this Ethereum-killer’s recovery trajectory.
Current Price | $188.5 |
Market Cap | $88.7 billion |
Circulating Supply | 471.5 million SOL |
Max Supply | N/A |
Vol (24H) | $6 billion |
Change (YTD) | +85.5% |
Founder | Anatoly Yakovenko |
- In 2024 alone, Solana price has surged by approximately 85%, placing it within the top five cryptos by market capitalization. It briefly surpassed Binance Coin (BNB) to claim the third spot, excluding stablecoins.
- After enduring the bear market challenges of early 2022, Solana price has shown a robust recovery, closely tracking Bitcoin’s upward movement.
- Reflecting the broader market trends, Solana price has entered a strongly bullish phase, trading just below the crucial psychological level of $190. Further, SOL price is trading above both its 50-day and 200-day Exponential Moving Averages (EMAs).
- In April 2024, Solana price fell from around $200 to $135 but has since seen a modest recovery, currently trading just above $180 – thanks to the massive rally induced by Trump’s victory in the 2024 US Elections.
- Throughout 2024, Solana price has been largely confined to a trading range between $125 and $200. This range is likely to hold unless Solana breaks above the $200 level – which seems close at hand.
- Current trends suggest Solana price could potentially surpass its prior all-time high of $259, offering a 39% upside. If it clears the $200 level by month’s end, the next significant target is near $250, a key psychological resistance.
- If Solana price declines further, it is expected to find strong support in the $160 to $162 range, aligning with the base Fibonacci pivot for the month.
Ripple
Next up on the list of top cryptos in 2024 is Ripple’s XRP. XRP, a digital asset and crypto, is best known for its association with Ripple Labs. XRP operates on a decentralized blockchain network and offers fast, low-cost transactions. It was designed to facilitate efficient cross-border payments and improve liquidity in financial institutions.
XRP stands out due to its unique consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA). This algorithm enables quick transaction validation without extensive computational power, making XRP transactions faster and more energy-efficient than other cryptos.
XRP has gained traction as a solution for remittances and international money transfers, with Ripple’s growing partnerships and collaborations in the financial industry. However, it is essential to note that XRP has faced regulatory challenges in some jurisdictions, impacting its market dynamics.
More recently, on July 13, after a very long, drawn-out court battle between Ripple Labs and the United States Securities and Exchange Commission, it came to a close, with the court ruling in favor of Ripple Labs and announcing that XRP is not a security. This resulted in the price of XRP rallying by over 70% on the same day!
Current Price | $0.55 |
Market Cap | $31.6 billion |
Circulating Supply | 56.5 billion XRP |
Max Supply | 100 billion XRP |
Vol (24H) | $2.01 billion |
Change (YTD) | -9.5% |
Founder | Chris Larsen, Jed McCaleb |
- While Ripple’s wide adoption has highlighted XRP’s utility, XRP price has often underperformed compared to other major cryptos. A notable shift occurred on July 13, 2023, when the U.S. District Court for the Southern District of New York ruled in the Ripple vs SEC lawsuit that XRP does not qualify as a security. This decision led to a 74% surge in XRP price.
- Ripple’s legal battle with the SEC continues to draw attention, with some speculation that the case could reach the US Supreme Court. This notion gained traction after the SEC secured a favorable decision in its ongoing case with Coinbase.
- Over the past seven months, XRP price has oscillated within a range of $0.47 to $0.72. Currently, it sits right in the middle of this range, moving within a grey parallel channel.
- For XRP to regain bullish momentum, it needs to maintain support above the key $0.50 level and surpass resistance near $0.72. Breaking through these levels could fuel renewed optimism among investors.
Dogecoin
The largest memecoin by market cap and next on the list of top cryptos in 2024 is Dogecoin. In the delightful world of cryptos, Dogecoin has emerged as a unique and popular digital asset. Originally created as a meme coin, Dogecoin has gained significant attention and a dedicated community of supporters. While it started as a lighthearted project, Dogecoin has evolved into a legitimate crypto with a strong following and a suite of products in its ecosystem.
Dogecoin’s value lies in its widespread adoption and recognition. It has garnered attention from celebrities and influential figures, further fueling its popularity. However, it’s important to note that Dogecoin’s price volatility and speculative nature make it a risky investment.
Dogecoin recently gained much social media attention, over and above what it got, when Twitter’s new boss, Elon Musk, changed the Twitter logo from the bird to the iconic Dogecoin logo.
Current Price | $0.192 |
Market Cap | $28.2 billion |
Circulating Supply | 146.68 billion DOGE |
Max Supply | N/A |
Vol (24H) | $6.8 billion |
Change (YTD) | +115.3% |
Founder | Billy Markus and Jackson Palmer |
- Amid ongoing consolidation in the crypto market, Dogecoin price had declined over 50% since early April, briefly rebounding in May before resuming its downtrend in June 2024. But now, amid the US election results – Dogecoin price over the past four weeks has managed to jump nearly 100% and double in value from around $0.1 to just under $0.2 as of writing.
- Currently, Dogecoin price is trading far above both the 50-day and 200-day Exponential Moving Averages (EMAs), both of which also went a bullish crossover a few days ago – marking a significant change in sentiment and rise in further bullish prospects for the memecoin.
- Dogecoin price is currently holding just below its R2 Fibonacci pivot level for November 2024, trading just under the $0.195 to $0.2 zone. If it breaches this level, it could see increased buying pressure, potentially pushing the price down toward $0.22 at the R3 pivot level.
- Should Dogecoin successfully breach the $0.2 level in November, it could pave the way for higher targets, potentially driving the price toward $0.3 by the end of 2024 if upward momentum is sustained.
Tron
Tron, a prominent altcoin by market capitalization, has attracted considerable attention in August 2024 due to its strong performance and solid fundamentals, earning its place among the top altcoins of the year. Founded by Justin Sun in 2017, Tron aims to transform the entertainment industry by offering a decentralized platform for sharing digital content. It is well-known for its high throughput and scalable blockchain technology, which supports smart contracts and decentralized applications.
Tron’s success can be attributed to various factors that distinguish it within the competitive crypto landscape. A key feature is the TRON Virtual Machine (TVM), which is compatible with Ethereum’s Virtual Machine (EVM), allowing for the seamless migration of decentralized applications (dApps). This interoperability has established Tron as a major player in the smart contract space.
In recent weeks, Tron has experienced a significant upward trend, with its price increasing by over 45% throughout 2024 and continuing to rise into October. This bullish performance is primarily driven by its robust fundamentals and increasing adoption within the crypto community. The project’s strong technical foundation and strategic partnerships have played a crucial role in this positive momentum.
Current Price | $0.161 |
Market Cap | $14 billion |
Circulating Supply | 86.43 billion TRX |
Max Supply | NA |
Vol (24H) | $486 million |
Change (YTD) | +50% |
Founder | Justin Sun |
- Tron, a leading altcoin by market cap, has shown steady gains over the past month despite overall market challenges. In June 2024, Tron price rose over 19%, followed by an 11% increase in July and a strong 36% rally from August lows before a minor pullback, highlighting a sustained upward trajectory.
- Currently, TRX is trading above both the 50-day and 200-day EMAs, with the two moving averages forming a bullish golden crossover, indicating robust buying support for Tron in the short term.
- If Tron price can stay above the crucial $0.15 level, it may aim for the $0.175 mark, aligning with the R2 Fibonacci pivot level, by the end of November 2024.
- On the downside, the $0.15 level, which aligns with the S2 Fibonacci pivot for November, is expected to act as significant support for Tron price in the near term.
Cardano
Cardano, the next token on the list of top cryptos in 2024 is a blockchain platform known for its scientific approach and emphasis on security and scalability, recently made a significant advancement with the release of the Hydra Layer-2 solution. The recently launched Hydra is designed to enhance Cardano’s scalability and throughput, allowing the network to handle significantly more transactions per second.
The Cardano Chang Fork represents a pivotal milestone in the network’s evolution towards the Voltaire phase. This upgrade introduces advanced scalability features to enhance transaction throughput, crucial for supporting decentralized applications (DApps) and community governance under Voltaire. It strengthens security protocols to fortify against attacks, ensuring a resilient ecosystem. The introduction of community-driven governance empowers ADA holders through Delegate Representatives (DReps), fostering on-chain consensus and democratic decision-making. The Chang Fork also initiates a Constitution Convention for drafting a governance framework, highlighting Cardano’s commitment to decentralized innovation and community engagement. Overall, it sets the stage for Cardano’s future by integrating technological advancements and governance reforms essential for its decentralized vision.
Current Price | $0.37 |
Market Cap | $13 billion |
Circulating Supply | 35 billion ADA |
Max Supply | 45 billion ADA |
Vol (24H) | $537 million |
Change (YTD) | -40% |
Founder | Charles Hoskinson |
- Following Bitcoin’s rally to new highs, Cardano’s ADA price saw a moderate recovery. However, a minor pullback in late March has kept it trading below the crucial $0.7 level.
- Cardano price experienced a substantial surge between November and December 2023, climbing from below $0.30 to nearly $0.67. After stabilizing, ADA price resumed upward momentum in March 2024, briefly exceeding $0.70 before another correction set in.
- This pullback led to a bearish outlook for ADA price, which has now fallen below its medium-term trendline and is trading under the 50-day EMA but recently broke above 200-day EMAs. These indicators have recently formed a death cross, signaling a potentially bearish trend.
- If ADA breaks past the R2 Fibonacci pivot level for November at $0.4, price targets of $0.5 and $0.55 could come into play.
- The $0.32 level aligns with the S1 Fibonacci pivot and serves as a key support zone, offering substantial backing for ADA in the event of further declines.
Avalanche
Avalanche (AVAX) is a rapidly emerging blockchain platform that aims to revolutionize decentralized finance (DeFi) and enable the creation of highly scalable and interoperable decentralized applications (dApps). As one of the contenders in the list of top cryptos in 2024, Avalanche boasts a unique consensus protocol called Avalanche consensus, which enables fast and secure transaction processing with low fees.
The platform’s focus on scalability, high throughput, and low latency positions it as a potential game-changer in the DeFi space. By providing developers with the tools to create powerful and efficient decentralized applications, Avalanche aims to address the challenges of scalability and usability faced by many existing blockchain networks.
Current Price | $26.8 |
Market Cap | $11 billion |
Circulating Supply | 407.2 million AVAX |
Max Supply | 720 million AVAX |
Vol (24H) | $524 million |
Change (YTD) | -35.5% |
Founder | Emin Gün Sirer, Kevin Sekniqi, Ted Yin |
- Avalanche’s AVAX price started 2024 slowly, fluctuating in a set range, but saw a significant rally above the $50 mark by mid-March.
- This rally extended until AVAX price reached $65, then corrected as the broader market cooled. Currently, AVAX price is trading under $30.
- AVAX price reached a peak of $64 in March before retracing to below $40 over the following months. With renewed bullish momentum in the crypto market, April may provide opportunities for AVAX price to hit new year-to-date highs.
- AVAX price is currently trading below its October base pivot level, and a death cross formation between the 50-day and 200-day EMAs suggests a bearish outlook.
- A breakout above $40 could target $47 and $50 by month’s end. Conversely, a decline could find support at the $22.6 level, aligning with November’s S2 Fibonacci pivot.
Chainlink
The eighth token on the list of top cryptos in 2024 is Chainlink. Chainlink (LINK) is a decentralized oracle network that bridges the gap between smart contracts and real-world data. It is an intriguing option for investors looking to diversify their crypto portfolio in 2024. As one of the top 20 cryptos by market capitalization, Chainlink offers a reliable and secure infrastructure for connecting blockchain-based applications with external data sources, APIs, and traditional financial systems.
The core strength of Chainlink lies in its ability to provide tamper-proof, verifiable, and trustworthy data to smart contracts. By enabling the seamless integration of off-chain data, Chainlink unlocks various possibilities for various industries, including finance, insurance, supply chain management, and more.
More recently, Chainlink partnered with Avalanche to launch its Chainlink Functions, which allows Web3 developers to connect to any Web2 API safely!
Current Price | $12.3 |
Market Cap | $7.75 billion |
Circulating Supply | 626 million LINK |
Max Supply | 1 billion AVAX |
Vol (24H) | $500 million |
Change (YTD) | -20.4% |
Founder | Sergey Nazarov and Steve Ellis |
- Despite Bitcoin’s market influence, Chainlink’s LINK price has trended somewhat bearish. After briefly surpassing $20 early in the year, LINK dropped below $15 in mid-March amid broader market declines.
- LINK price is now trading just above the 50-day EMA but below the 200-day EMA – but that is due to the broader crypto market spike amid the US election results and not a major development. The two EMAs also are in a bearish death cross.
- A strategic look at specific price levels shows LINK price trading above the November base Fibonacci pivot level at $11.4. A breakout above the R1 pivot could set sights on $12.8 and possibly $15 by month’s end.
- Should a market downturn occur, the $10 level is likely to provide support, doubling as an S2 Fibonacci pivot level and psychological support.
Polkadot
Next on the list of top cryptos in 2024 is Polkadot (DOT) – a prominent blockchain platform designed to enable the interoperability of different blockchains. Created by Ethereum co-founder Gavin Wood, Polkadot aims to establish a decentralized web where various blockchains can seamlessly communicate and share information.
As one of the top cryptos to consider for investment in 2024, Polkadot’s key strength lies in its ability to facilitate cross-chain compatibility and scalability. Its unique framework allows independent blockchains to connect and interact, fostering a more interconnected and efficient blockchain ecosystem.
Polkadot’s robust governance system, which empowers token holders to participate in decision-making processes, enhances its decentralization and community-driven nature. Polkadot’s parachain technology also enables developers to build specialized blockchains that can seamlessly integrate with the broader Polkadot network.
Current Price | $4.07 |
Market Cap | $6.2 billion |
Circulating Supply | 1.51 billion DOT |
Max Supply | N/A |
Vol (24H) | $237 million |
Change (YTD) | -50% |
Founder | Gavin James Wood |
- Polkadot’s DOT price has seen steady declines since March 2024, trending along a parallel channel.
- In April 2024, DOT dropped 33%, highlighting the ongoing bearish sentiment in the market despite relative stability in major coins like Bitcoin and Ethereum.
- DOT has fallen below both the 50-day and 200-day EMAs, with a bearish death cross between them earlier in June, reinforcing a negative trend outlook.
- The $4 level has proven to be a significant support area for DOT, rebounding in April and aligning with the base Fibonacci pivot for November 2024.
- Polkadot’s immediate price target lies between $4.6 and $5, marked by the R2 and R3 Fibonacci pivots for November. A successful breakout could propel DOT towards $5.5.
Conclusion
In summary, the year 2024 brings forth compelling investment opportunities within the crypto market – especially with the conclusion of the US elections 2024. Notable options, including Bitcoin, Ethereum, Cardano, Solana, Polkador, Avalanche, and Chainlink, showcase distinct strengths, technological innovations, and growth prospects. Despite the promises, it’s imperative to acknowledge the inherent risks tied to crypto investments, ranging from market volatility to regulatory uncertainties.
Potential investors should engage in extensive research, monitor market trends, and assess their risk tolerance before committing to any investment. The crypto industry’s trajectory appears promising, driven by technological advancements, increased adoption, and ongoing regulatory developments. In navigating this evolving landscape, investors must remain vigilant, adapting their strategies to seize opportunities and overcome challenges in the ever-changing crypto landscape.
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