Bitcoin has just printed the largest monthly candle in its history, marking a 40.8% surge in November and breaching the $99,000 mark. As the cryptocurrency approaches six figures, BTC is looking more confidently as one of the best crypto to buy now.
This bullish trend was catalyzed by increasing institutional inflows, particularly through Bitcoin ETFs, which recorded a cumulative total of $30.35 billion in net inflows, per SoSoValue.
Stablecoin inflows to exchanges also peaked at $9.7 billion, signaling strong buying interest.
While Bitcoin dominates the headlines, altcoins like StrikeX (STRX), Philcoin (PHIL), and Cardano (ADA) are emerging as top contenders for massive gains amid this bullish momentum.
StrikeX (STRX)
StrikeX (STRX), a real-world asset (RWA) token, is gaining significant traction due to its innovative approach to investment.
Launched in 2021 to support the TradeStrike brokerage platform, StrikeX simplifies and enhances the investment process for everyday users.
Currently priced at $0.04718, STRX has experienced an impressive 104.7% gain over the past week. This surge has positioned the token as one of the best crypto to buy in the altcoin market.
Investor enthusiasm for STRX has grown following an announcement by StrikeX Labs.
The platform revealed its plans to work with Securitize Inc. to tokenize its equity and attract accredited U.S. investors.
StrikeX Labs launch series A tokenised funding round to US accredited investors
In collaboration with Securitize Inc. https://t.co/XfBB7AjVMH
— StrikeX (@TradeStrikeBVI) November 18, 2024
From a technical perspective, StrikeX is showing strong signs of recovery. After breaking a prolonged 210-day downtrend, the token has entered a bullish phase.
The Relative Strength Index (RSI) currently stands at 47.487, indicating potential upward momentum. Additionally, its 50-day and 100-day moving averages, at $0.0457 and $0.0369, further support a bullish outlook.
Philcoin (PHIL)
Philcoin (PHIL) stands out as a blockchain project with a philanthropic mission. It seeks to integrate social media, IoT (Internet of Things), and education into a comprehensive ecosystem.
Within hours of its launch in August 2024, the PHIL token reached a market cap of $125 million on Uniswap. Despite a 3.49% dip in the last 24 hours, PHIL is currently trading at $0.03231 with a market capitalization of $32.29 million.
While it’s 41.43% below its October all-time high, this dip could present a buying opportunity for long-term investors.
Philcoin’s community-driven approach, coupled with its strong technological foundation, has gained it a loyal following.
Phil is nice, be $PHIL's fren and folllow him
pic.twitter.com/Eqs6JljOka
— Your Fren Phil
Online traders frequently commend its distinct branding, featuring a dinosaur emblem and active community engagement.
As a project built on shared value and innovation principles, Philcoin remains a cryptocurrency to watch for sustainable growth.
Cardano (ADA)
Cardano (ADA) continues to prove its resilience as one of the largest cryptocurrencies by market capitalization.
Designed to be a sustainable and scalable blockchain platform, Cardano supports a variety of decentralized applications (dApps), making it one of the best crypto to buy for developers and investors alike.
The token has been on an impressive rally, surging over 20% in the past 24 hours and reaching $0.9412 – a level not seen since May 2022.
This upward momentum is supported by strong on-chain activity. Data from Coinglass shows that Cardano’s futures open interest climbed to $717.22 million on Friday, marking a new yearly high.
This growth in open interest indicates a significant influx of new capital, further affirming the bullish sentiment around ADA.
$ADA Signal to buy more
There will be no sales until the target is reached. Don't worry about the noise pattern.
We are in a full uptrend zone. Large traders and institutions will buy this point for another round.
$5 is the minimum target, $8 is the price valuation. pic.twitter.com/ePYoP8qmlV
— g
(@todayimcraziest) November 20, 2024
On the technical side, Cardano is showing robust indicators of sustained growth. Its 50-day and 200-day moving averages have been rising steadily, signaling strong short-term and long-term trends.
However, the Relative Strength Index (RSI) stands at 79, indicating an overbought condition.
Better Alternatives to Consider
With Bitcoin’s dominance and institutional adoption surging, the altcoin market is primed for a potential supercycle.
Recent developments, including Gary Gensler’s resignation as SEC Chairman and Trump’s initiatives, could further bolster crypto adoption.
On January 20, 2025 I will be stepping down as @SECGov Chair.
A thread
— Gary Gensler (@GaryGensler) November 21, 2024
Emerging tokens like STRX, PHIL, ADA, and presale opportunities represent some of the best crypto to buy now as the market heats up.
The post Best Crypto to Buy Now November 22 – STRX, PHIL, ADA appeared first on Cryptonews.
#IndustryTalk #ADA #CryptoPresale2024 #Memecoin [Source: CryptoNews]