6 Best Altcoins to Invest in Right Now November 20 - Aleph Zero, Polkadot, Fetch.ai

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Looking for potential altcoin investments? Consider Aleph Zero, Polkadot, and Fetch.ai among the highlighted six choices, each offering distinct advantages and growth potential by November 20.

The decentralized finance (DeFi) sector accounts for $4.7 billion of the total crypto trading volume, representing 10.59% of the total market activity. Concurrently, stablecoins have demonstrated significant prominence, comprising $39.58 billion, constituting 89.20% of the entire crypto market’s 24-hour trading volume.

6 Best Altcoins to Invest in Right Now

Bitcoin has experienced a slight decrease in dominance, now standing at 51.28%, marking a marginal decline of 0.09% over the day. This fluctuation reflects the evolving landscape within the broader crypto market.

1. Aleph Zero (AZERO)

Aleph Zero has seen a noteworthy surge in its price, increasing by an impressive 75% over the past year. This growth places it in the top tier, outperforming 73% of the top 100 crypto assets during this period.

Aleph Zero is currently valued at $1.480763, reflecting a recent 12.68% upswing within a 24-hour window. The coin low of $0.594389 was recorded on June 18, 2022. Following the cycle low, this followed a peak of $3.09 on April 14, 2022. The highest price after this low was $1.953930 (cycle high).

Consistency is notable in Aleph Zero’s trading pattern, remaining consistently above its 200-day simple moving average. Moreover, it showed positive trends in 20 out of the last 30 days, indicating a 67% upward trend.

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Aleph Zero holds a market cap of $395.04M and a market dominance of 0.03%, with a circulating supply of 266.78M AZERO tokens. However, the cryptocurrency experienced a relatively high yearly supply inflation rate of 65.22%, creating 105.31M AZERO tokens last year. The sentiment towards Aleph Zero’s price prediction remains bullish. This reflects a Fear & Greed Index of 69, indicating a prevailing sense of greed in the market sentiment.

2. Fetch.ai (FET)

Over the past year, Fetch.ai has seen remarkable growth, with its price soaring by a staggering 801%. This surge has propelled Fetch.ai ahead of 97% of the top 100 crypto assets. Thus surpassing the performance of leading cryptocurrencies like Bitcoin and Ethereum. Notably, it has consistently traded above the 200-day simple moving average, signaling upward momentum.

In the last 30 days, Fetch.ai has experienced positive growth on 23 days, accounting for 77% of this period—indicating its recent market strength. It’s worth noting that Fetch.ai maintains high liquidity, which is reflected in its market cap.

Currently valued at $0.560901, Fetch.ai showcases a 24-hour trading volume of $529.09M. Moreover, it holds a market cap of $385.97M with a market dominance of 0.03%. While Fetch.ai reached its peak price of $1.184460 on Sep 8, 2021, its lowest recorded value was $0.007972 on Mar 13, 2020. Since its all-time high, the lowest price recorded is $0.054135, while the highest since the last cycle low was $0.596360.

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— Fetch.ai (@Fetch_ai) November 19, 2023

Regarding market sentiment, the prediction for Fetch.ai’s price is currently bullish. The Fear & Greed Index reflects a score of 69, indicating a moderate level of greed within the market sentiment.

Based on its token supply, Fetch.ai currently circulates 688.12M FET out of a maximum supply of 1.15B FET. Within the crypto sectors, it holds rankings #38 in Ethereum (ERC20) Tokens, #49 in the Layer 1 sector, and #6 in the AI Crypto sector. These rankings emphasize its relevance and standing within these specific categories.

3. Lido DAO (LDO)

Technically, Lido DAO Token has been trading above the 200-day simple moving average, exhibiting consistency in its upward movement. In the last 30 days, it experienced 17 green days, accounting for 57% of the period, indicating a prevailing positive trend.

Furthermore, the current circulating supply stands at 890.19 million LDO out of a maximum supply of 1.00 billion LDO. Notably, the yearly supply inflation rate is high at 184.45%, creating 577.24 million LDO within the last year.

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— Lido (@LidoFinance) November 18, 2023

Moreover, the sentiment surrounding the Lido DAO Token price prediction is bullish. At the same time, the Fear & Greed Index stands at 69, indicating a sentiment of greed in the market.

4. Polkadot (DOT)

Polkadot trades at $5.43 with a daily trading volume of $411.37 million. With a market capitalization of $5.37 billion and a market dominance of 0.38%, it is a significant asset in the Proof-of-Stake Coins and Layer 1 sectors, securing ranks #8 and #11, respectively.

Moreover, Polkadot’s price has been on an upward trend, presently trading above its 200-day simple moving average. Compared to its token sale price, it showcases a positive performance. Notably, it has seen 20 green days in the last 30, accounting for a 67% positive trend in recent trading.

Polkadot exhibits promising indicators, showing high liquidity based on its market capitalization. Additionally, it enjoys being listed on Binance, a prominent trading platform. Presently, the sentiment around Polkadot’s price prediction leans toward bullish.

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— Polkadot (@Polkadot) November 19, 2023

Moreover, the Fear & Greed Index registers 69, indicating a phase of greed in the market sentiment. In terms of supply, the circulating volume is 987.58 million DOT out of a maximum supply of 1.00 billion DOT. Thus highlighting a controlled circulation within its ecosystem.

5. Bitcoin ETF Token (BTCETF)

The Bitcoin ETF Token project focuses on encapsulating the potential approval of a Bitcoin Exchange-Traded Fund (ETF) into a singular token. Thus offering investors an avenue to amplify exposure to this development. Its distinctive aspect lies in targeting the ETF approval process. Therefore, it has the potential to yield higher returns than conventional Bitcoin investments due to its comparatively modest market capitalization. Estimated gains hover around 1-3 times the current value.

The project’s total token supply amounts to 2,100,000,000 tokens, with 40% accessible during the presale phase at an initial rate of $0.0005 per token. Financially, the project has garnered $1,207,717 out of a $1,310,400 target, indicative of substantial buyer interest. This has positioned the Bitcoin ETF Token among the noteworthy altcoins for potential investment. Potential investors must note that one day is left until a price adjustment.

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The #BitcoinETF #Token stands out, representing a proactive step toward future #Bitcoin ETFs.

Created on #Ethereum, $BTCETF anticipates and embraces this upcoming evolution, delivering unique advantages to its community. pic.twitter.com/BIX2CjRAKf

— BTCETF_Token (@BTCETF_Token) November 20, 2023

The project’s strategy uniquely revolves around leveraging the anticipation of a Bitcoin ETF approval. Hence, this suggests potential advantages over traditional Bitcoin investments. Its approach, encapsulated in a token, caters to investors seeking exposure to this specific development in the crypto market.

6. Frax Share (FXS)

Frax Share has experienced a notable 64% price surge over the past year. It has positioned itself as a better performer than 67% of the top 100 crypto assets. However, this growth trend is reinforced by its trading consistently above the 200-day simple moving average.

In the past month, Frax Share displayed positive momentum with 17 green days, indicating a 57% occurrence, signaling moderate bullish sentiment. Its robust liquidity, reflected in a substantial market cap, adds stability and attractiveness for potential investors. Presently listed on Binance, FXS’s current price is $7.44, boasting a 24-hour trading volume of $90.39M. The market cap stands at $560.35M, accounting for a market dominance of 0.04%.

Next $FXS halvening only 45 days away. 🌚 pic.twitter.com/r6MSlJ7Stl

— Grills (¤,¤) 🦇🔊🐻⛓️ (@CryptoGrills) November 5, 2023

Over the last 24 hours, FXS price surged by 4.26%. Reflecting on its historical performance, Frax Share reached its all-time high of $43.21 on April 3, 2022, and its lowest price of $1.51 on June 25, 2021. Since then, it experienced a cycle low of $3.92 and a cycle high of $14.06 following the peak.