Best Cryptocurrencies to Invest in Right Now November 20 – Stellar, Sei, Monero
REP
REPUBLICAN
XMR
AR
SEI
Donald Trump’s victory and the Republican control of Congress are seen as pivotal moments for the U.S. crypto market, signaling potential policy changes. Industry leaders call for quick federal action to foster crypto adoption and innovation under Trump’s leadership.
With Trump’s pro-crypto stance, hopes are rising for a market surge. Amid this renewed optimism, some altcoins have shown stability and attracted attention from investors. These cryptocurrencies are demonstrating resilience during this period of increased market activity. The following review highlights a few of the best cryptocurrencies to invest in right now.
Best Cryptocurrencies to Invest in Right Now
Arweave recently implemented its 2.8 protocol upgrade, introducing a new packing format aimed at improving network efficiency, scalability, and energy consumption. Meanwhile, Sei Network has achieved significant progress through technological enhancements and ecosystem expansion. The BEST token, on the other hand, supports a range of features and services specifically tailored to meet the needs of Web3 enthusiasts.
1. Arweave (AR)
Arweave is a blockchain-based platform focused on providing permanent and decentralized data storage. Its recent 2.8 protocol upgrade introduced a new packing format to improve network efficiency, scalability, and energy consumption. These changes address some of the key challenges associated with decentralized storage systems.
The network recently surpassed 10 billion transactions, reflecting increased adoption of its services for immutable and secure on-chain data storage. Integrating Arweave’s permanent storage with artificial intelligence applications is expected to support further user growth into 2025.
Furthermore, the AR token is priced at $18.16, marking a 3.40% decrease in the last 24 hours. Nevertheless, the token records a 7-day gain of 4.71%. It is trading 190.08% above its 200-day simple moving average of $6.37, which suggests strong performance compared to historical trends.
Moreover, market sentiment surrounding the AR token remains neutral, with the Fear & Greed Index showing an 86 score indicating extreme greed. According to Coincodex’s current projections, the price of AR could rise by 41.21% to reach $25.22 by next month.
2. Sei (SEI)
Sei Network has recently made strides in technological improvements and ecosystem expansion, focusing on enhancing blockchain performance and its applications in gaming. One notable collaboration involves Drift Zone, a Web3 gaming studio based in Hong Kong.
The studio secured a $190,000 grant from Sei to integrate its blockchain into the Drift Zone gaming ecosystem. This partnership aims to combine Web2-level gameplay experiences with the security and efficiency of blockchain technology, emphasizing real rewards and broader accessibility for mainstream users. This approach reflects a strategy to bridge traditional gamers into the Web3 space.
Sei’s advancements are not limited to partnerships. Its recent chain upgrade significantly reduced gas fees, bringing costs from 100 gwei to under one gwei—a reduction of 99%. This change lowers user and developer barriers while incorporating anti-spam measures to maintain network stability.
Sei’s latest chain upgrade brings gas fees down from 100 gwei to <1 gwei (a 99% reduction), offering users and developers lower costs and ensuring stability with built-in spam control.
TLDR: Sei just got even cheaper to use 🫡 pic.twitter.com/VETxYCUsod
— Sei 🔴💨 (@SeiNetwork) November 15, 2024
The market has responded positively to these developments. Sei’s token has seen notable price movements, trading at $0.5205 after an intraday rise of 17.70%. Over the past week, the token has gained 25.54%, and its 30-day performance shows an increase of 20.15%. While these gains highlight growing interest in the network, potential investors should remain mindful of the inherent volatility in the cryptocurrency market.
3. Best Wallet Token (BEST)
Best Wallet has launched its native token, BEST, following months of teasers and community engagement. This token introduction marks a strategic move to enhance user engagement and expand the platform’s influence in the Web3 ecosystem. The presale has attracted attention from investors due to its exclusive nature and potential growth prospects.
The launch strategy included earlier initiatives, such as an airdrop campaign targeting early adopters and new users. These efforts built anticipation and positioned the token as a key component of the platform’s ecosystem. The presale offers a total supply of 10 billion tokens, with a hard cap set at $10 million. Only Best Wallet users can participate, aligning with the platform’s emphasis on community-first development.
Meanwhile, the presale has raised over $559,000. Each token is priced at $0.022625, with incremental increases expected as the presale progresses. This pricing structure reflects a common approach in initial coin offerings (ICOs), encouraging early participation while gradually increasing valuation.
We've hit $500K in the $BEST token presale! 🔥
With just 6 days left for exclusive presale access, now is the time to get in at the best price. 🚨
Stage 6 of the presale ends in less than 2 days – don't miss out!
Download the app! 📲 https://t.co/he5kzraFJw pic.twitter.com/K48YXDUcVo
— Best Wallet (@BestWalletHQ) November 19, 2024
The BEST token is designed to strengthen the platform’s role in the crypto space, supporting features and services tailored to Web3 enthusiasts. While some community members speculate on a price surge post-listing, such predictions remain speculative and depend on broader market conditions, adoption rates, and project developments.
Visit Best Wallet Token Presale
4. Monero (XMR)
Monero prioritizes privacy and security by using technologies like Ring Signatures, Stealth Addresses, and Ring Confidential Transactions (RingCT) to keep transaction details private. Only the sender and recipient can see the information, making Monero unique in how it ensures anonymity.
The cryptocurrency is accessible to all users, regardless of technical knowledge, while prioritizing secure and efficient payments. Monero’s current price is $159.60, reflecting a 1.05% increase in the past 24 hours.
Furthermore, it trades above its 200-day simple moving average of $151.05 by 1.48%, showing positive long-term momentum. Over the last 30 days, Monero recorded 18 days with price gains. Its 14-day Relative Strength Index (RSI) is at 46.46, suggesting neutral momentum and the potential for sideways trading.
Meanwhile, Monero’s yearly inflation rate is 0.47%, well below 2%, supporting its position as a relatively stable asset. Its high liquidity based on market cap further supports its usability.
Current forecasts predict a price rise of 26.14%, potentially reaching $195.01 within the next month, though cryptocurrency markets remain highly volatile. These factors highlight Monero’s focus on privacy and its consistent performance in the market.
5. Stellar (XLM)
Stellar has seen a 4.03% price increase over the past 24 hours, bringing its value to $0.2413. This movement broke a descending price channel that had restrained its growth, leading to speculation about whether this could signal the start of a sustained upward trend. Current market sentiment is bullish, with the Fear & Greed Index at 83, indicating extreme optimism among investors.
The cryptocurrency is trading 146.65% above its 200-day simple moving average of $0.1007, a sign of strong positive momentum. Over the last 30 days, it has experienced 18 positive trading days and maintains high liquidity relative to its market cap, making it a stable option for traders.
Meanwhile, the 14-day Relative Strength Index (RSI) stands at 59.91, indicating neutral conditions where prices may move sideways in the short term. While recent activity suggests optimism, investors should be mindful of broader market conditions and monitor trading volumes for confirmation of a sustained trend.
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