6 Best Altcoins To Watch Today November 23 – Polkadot, Avalanche, Arweave, MultiversX

VeChain (VET) has seen a strong resurgence, climbing 134% in value over the past three weeks. This price surge aligns with a broader recovery in the cryptocurrency market following Donald Trump’s victory in the U.S. Presidential election. According to TradingView data, VET has bounced back after enduring a lengthy bearish period, during which its value declined by 90% over the last three and a half years. 

Meanwhile, other tokens are experiencing price rallies, offering investors an investment option. In light of the positive crypto market wave, investors are searching for affordable tokens, particularly the best altcoins to buy now.

6 Best Altcoins To Watch Today

Polkadot (DOT), ranked 15th in the cryptocurrency market, is trading at $7.64, marking a 26.19% price increase over the past 24 hours. Avalanche (AVAX) has also seen a rise, with its price reaching $42.14, reflecting a 14.35% gain in the same period. Meanwhile, Arweave has crossed a significant threshold, recording over 10 billion transactions during October. 

The MultiversX ecosystem also shows growth, with its EGLD token maintaining a position above the 200-day simple moving average. FreeDum Fighters ($DUM) also continues to draw interest, having raised more than $600,000 in its presale with only 15 days left. On a broader scale, Bitcoin is approaching the $100,000 mark as the weekend nears.

1. Polkadot (DOT)

Polkadot (DOT), currently ranked #15 in the cryptocurrency market, is trading at 7.64 with a 26.19% increase in price over the past day. The token’s market capitalization stands at 11.63 billion, reflecting a 26.22% increase, while its 24-hour trading volume has surged by 122.55% to 1.60 billion. The fully diluted valuation (FDV) is also 11.63 billion, with a Vol/Mkt Cap ratio of 13.80%, indicating significant liquidity.

The current sentiment around Polkadot appears bullish, supported by the Fear & Greed Index reading of 93, which shows “Extreme Greed.” Over the past year, DOT has gained 46%, performing strongly against its 200-day simple moving average (SMA) of 5.24. It is trading 45.64% above the 200-day SMA, which suggests continued momentum for traders looking at long-term trends.

Polkadot has a total supply of 1.52 billion DOT and shows high liquidity relative to its market size. Over the past 30 days, the token experienced 16 green trading days, representing 53% of the month. This indicates a consistent upward trajectory. Additionally, the token continues to perform well compared to its initial token sale price, making it an attractive option for investors focusing on long-term gains. Polkadot’s performance over the last year has been strong. The token shows consistent growth, high liquidity, and sustained positive momentum. 

2. Avalanche (AVAX)

Avalanche (AVAX) is currently priced at $42.14, reflecting a 14.35% increase in the last 24 hours. Over the past year, the price has surged by 103%, outperforming 53% of the top 100 cryptocurrencies. The token trades well above its 200-day simple moving average (SMA) of $28.80, with a notable 46.59% premium. This indicates a positive trend over the long term.

Market sentiment appears bullish, supported by the Fear & Greed Index, which shows a high reading of 93, indicating extreme greed. Additionally, Avalanche has demonstrated consistent performance, with 57% of the past 30 days closing as green days. The token has shown moderate price volatility of 14.94% during this period.

Forecasts suggest that Avalanche may continue its upward momentum, potentially reaching $57.12 by 23 December 2024, representing a projected growth of 31.78%. Furthermore, technical indicators and market trends suggest this could be an opportune time to invest in AVAX.

3. Arweave (AR)

Arweave has achieved a notable milestone, surpassing 10 billion transactions in October. This solidifies its position as a prominent decentralized solution for permanent data storage and highlights the increasing demand for dependable, unchangeable, and secure on-chain data storage systems.

Integrating Arweave’s permanent storage with AO, a hyper-parallel computing system built directly on the network, is expected to drive further ecosystem growth through 2025. Since its launch in February, AO has processed over 800 million messages and is significantly advancing on-chain AI capabilities.

Arweave’s token, AR, is currently priced at $21.16, reflecting a 17.36% increase in the past 24 hours. Over the last year, its value has grown by 169%, outperforming 72% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. Market sentiment is bullish, supported by the Fear & Greed Index at 93, signaling “Extreme Greed.” Over the past month, AR has closed higher than it opened on 53% of trading days, with 16 days showing positive momentum.

4. MultiversX (EGLD)

The MultiversX ecosystem shows positive momentum, with its EGLD token trading above the 200-day simple moving average. This signals strong market confidence, supported by a bullish price prediction sentiment. The Fear & Greed Index indicates “Extreme Greed”, reflecting heightened investor optimism.

Over the past 30 days, EGLD has experienced 17 green days (57%), where daily closing prices surpassed their opening values. This consistent upward trend highlights steady market performance. The token trades near its cycle high, further reinforcing its strong position.

Regarding market activity, EGLD’s 24-hour trading volume is $110.9 million, representing 11.44% of its market cap of $969 million. The fully diluted valuation (FDV) is $1.1 billion, indicating robust investor interest and potential for further growth.

These market trends suggest that EGLD has maintained positive performance relative to its token sale price, benefiting from sustained trading activity and increasing confidence in the MultiversX ecosystem’s long-term potential. Overall, the market environment remains favorable for EGLD and the platform.

5. FreeDum Fighters ($DUM)

FreeDum Fighters ($DUM) has gained attention by raising over $600,000 in its presale, with just 15 days remaining. The project merges humor with commentary on the political landscape, positioned at the intersection of politics and cryptocurrency. It imagines a fictional scenario where MAGATRON, a blockchain-powered mech version of Donald Trump, leads a mission to “make crypto great again,” while competing against Kamacop 9000, inspired by Kamala Harris.

Currently priced at $0.00009, $DUM tokens are expected to increase in cost as the presale progresses. Over 1 billion tokens have already been sold, and purchases are supported across multiple chains like Ethereum, Binance Smart Chain, Solana, and Base, using currencies like ETH, USDT, or USDC. The platform also offers staking rewards, with MAGATRON supporters earning a 248% APY and those backing the opposing LibDum party receiving 396%.

FreeDum Fighters has leveraged political satire and cultural relevance to stand out in the growing PolitiFi space. The project taps into broader trends that mix politics and cryptocurrency, referencing figures like Elon Musk and meme coins like Dogecoin to engage the community.

Visit FreeDum Fighters Presale

6. The Sandbox (SAND)

The Sandbox (SAND) is trading at $0.390895, reflecting an 11.17% increase over the last 24 hours. Market sentiment appears bullish, supported by a 93 Greed Index registering a 93 score, indicating extreme greed. 

Moreover, SAND trades above its 200-day SMA, a key indicator of a positive long-term trend. Over the past 30 days, SAND has experienced consistent upward momentum, with 18 days (60%) closing higher than their opening prices. This suggests sustained buyer interest. The token is also near its cycle high and maintains strong liquidity relative to its market capitalization.

For November 2024, forecasts indicate a likely continuation of the current trend, with potential price growth to $0.389982. Predictions driven by recent market dynamics estimate a trading range between $0.372739 and $0.405333.

Learn More

• Best Affordable Tokens in 2024
• Our Previous Best Altcoins to Buy Now Post