7 Best Altcoins to Invest in Right Now November 27 - tomiNet, Frax Share, WEMIX Token

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Get insights into the seven best altcoins for investment on November 27, focusing on tomiNet, Frax Share, and WEMIX Token. Focusing on Bitcoin, its current price is $36,912, reflecting a -1.53% decrease in the last day. Bitcoin dominance experienced a minor decline -0.09%- now standing at 51.04%, measuring its share of the total market.

7 Best Altcoins to Invest in Right Now

These metrics highlight a dynamic market landscape, with changes in value and trading activity within a short period. The varying market capitalization, trading volume, and performance of individual cryptocurrencies emphasize the market’s volatility.

1. tomiNet (TOMI)

Tomi recently unveiled tomiChain, its Layer-2 scaling solution designed to boost Ethereum’s scalability on a global scale. This announcement was made at the Binance Blockchain Week in Istanbul. Thus, it highlights a breakthrough allowing the transfer of multiple assets, tokens, and NFTs in a single transaction.

This unveiling triggered a positive trajectory for Tomi’s performance, showcasing a 53% surge over the past month with 16 consecutive days of growth. Moreover, its robust liquidity is evident through its market capitalization and active trading on KuCoin.

TomiNet is valued at $2.76, with a market cap of $180.51 million and a market dominance of 0.01%. In the last 24 hours, TOMI prices increased by 4.74%, boasting a 24-hour trading volume of $25.89 million.

The current market sentiment leans toward bullish, marked by a Fear & Greed Index score of 66, indicating investor optimism. Moreover, Tomi’s introduction of tomiChain marks a significant stride in its pursuit of establishing a decentralized alternative internet ecosystem.

2. Ethereum PoW (ETHW)

The Ethereum PoW token exhibits several key indicators. It is presently trading above its 200-day simple moving average and has experienced 18 positive trading days out of the last 30, reflecting a 60% positive trend. It also hovers near its cycle high, demonstrating a strong market position. The token maintains high liquidity due to its significant market capitalization.

Traded on KuCoin, Ethereum PoW’s yearly inflation rate is 0.47%. As of the latest data, its price is $2.93, with a 24-hour trading volume of $71.39 million. Moreover, it commands a market capitalization of $315.94 million, signaling modest trading activity. The token’s market dominance is at 0.02%, indicating its position within the market relative to other cryptocurrencies.

Presently, sentiment analysis suggests a bullish outlook. Meanwhile, the Fear & Greed Index indicates a 66 (Greed) level, reflecting market sentiment. Regarding supply metrics, Ethereum PoW currently has a circulating supply of 107.82 million out of a maximum supply of 107.20 million.

3. Uniswap (UNI)

Uniswap, a prominent decentralized exchange (DEX) within the crypto space, has sustained its position despite market volatility, largely attributed to a consistent stream of upgrades to its protocol. Recent data places Uniswap as the second-ranking DeFi platform in development activity, signaling an active commitment to platform enhancements.

The heightened development activity indicates ongoing efforts to refine and advance the platform. This trend suggests introducing new features, optimizations, and general improvements, potentially broadening Uniswap’s appeal to users and developers. Such adaptability and innovation are crucial in navigating the dynamic landscape of decentralized finance.

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— Uniswap Labs 🦄 (@Uniswap) November 21, 2023

Furthermore, Uniswap experienced a price increase of 11%, trading consistently above the 200-day simple moving average. It boasts a predominantly positive trend, with 53% green days in the last month.

Uniswap’s future price sentiment is currently categorized as neutral, while the Fear & Greed Index registers 66, indicating a state of greed in the market sentiment. In terms of supply, Uniswap has a circulating supply of 588.19 million UNI out of a maximum supply of 1 billion UNI.

4. Frax Share (FXS)

Frax Share has exhibited notable movements over the past year. The price surged by 60% within this period, outpacing 69% of the top 100 cryptocurrencies. Currently valued at $7.34, it maintains a market capitalization of $553.02 million and a market dominance of 0.04%.

From a technical perspective, Frax Share has traded above its 200-day simple moving average, signaling a positive trend. It experienced 16 days of positive gains in the last month, indicating moderate volatility.

Assessing sentiments, the current outlook for Frax Share appears bullish according to price prediction sentiment. At the same time, the Fear & Greed Index stands at 66, indicating a moderate level of greed within the market.

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— Frax Finance ¤⛓️¤ (@fraxfinance) November 1, 2023

Supply dynamics also merit attention, as 59.14 million FXS were created over the past year. With a circulating supply of 75.35 million FXS out of a maximum supply of 99.90 million FXS, the yearly inflation rate sits at 364.83%.

5. WEMIX Token (WEMIX)

WEMIX Token has shown significant price growth, marking a 373% increase over the past year. During this period, it has outperformed 95% of the top 100 crypto assets, including Bitcoin and Ethereum. Notably, it’s currently trading above the 200-day simple moving average. Furthermore, WEMIX has seen 15 positive trading days in the last month, accounting for 50% of the total.

Presently, the token is trading at $1.842723 with a 24-hour trading volume of $7.95 million, a market cap of $600.06 million, and a market dominance of 0.04%. Over the last 24 hours, there has been a 0.74% increase in its price. The current sentiment on price prediction leans bullish, and the Fear & Greed Index stands at 66, indicating ‘Greed.’

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Regarding its supply, the current circulating supply of WEMIX Token is 325.64 million out of a maximum supply of 1.02 billion. Notably, the yearly supply inflation rate is 33.31%, creating 81.36 million WEMIX tokens in the last year.

6. Meme Kombat (MK)

Meme Kombat has emerged as a noteworthy addition among the top-performing cryptocurrencies, impacting the landscape notably. The current presale phase has successfully raised $2,182,555 out of a targeted $2,500,000, reflecting early interest in the project. Positioned as an innovative gaming platform catered to enthusiasts, MK distinguishes itself within the market.

$MK is reaching new heights and taking the #memecoin world by a storm. Buy into the presale now! https://t.co/2x2FvsuR61

— Meme Kombat (@Meme_Kombat) November 26, 2023

The project offers a fusion of staking and betting, presenting users with diverse engagement avenues and opportunities to earn rewards. Presently, 50% of the MK token supply is available in the presale at $1.667 per token, with a set hard cap of $10 million. This dual functionality, amalgamating staking and betting, enhances the utility of MK tokens within its user ecosystem.

Moreover, Meme Kombat plans to list its tokens on a decentralized exchange, allocating 10% of the total supply to provide liquidity. This initiative aims to facilitate faster and more decentralized trading. This aligns with the project’s outlined strategies detailed in its whitepaper. These actions underscore Meme Kombat’s commitment to fostering the decentralized trading of MK tokens.

7. Tribe (TRIBE)

Tribe is valued at $0.433604 and has undergone notable price swings over the past year, soaring by an impressive 112%. This surge outpaced 77% of the top 100 crypto assets, establishing Tribe’s market relevance.

From a technical standpoint, Tribe has consistently traded above its 200-day simple moving average, indicating a sustained upward trajectory. Additionally, within the last 30 days, it experienced growth on 16 occasions, representing 53% of the observed period.

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— Fei Protocol (@feiprotocol) October 6, 2021

Market sentiment currently leans towards bullish projections for Tribe’s price. This aligned with a Fear & Greed Index reading of 66, indicating optimism among investors. Presently, Tribe boasts a market cap of $230.25M, with 531.02M TRIBE tokens circulating out of a maximum supply of 1.00B.

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