Identifying top altcoins to buy in a bull market can be daunting, especially because everything is rising, making it difficult to differentiate legitimate coins from rug pulls. In November 2024, five standout altcoins have shown exceptional potential, making them prime candidates for investors to diversify and build a $2 million portfolio.
Top 5 Altcoins to Buy in November
Here are the five altcoins to buy in November for building a $2 million portfolio:
Cardano (ADA)
The price of ADA recently surged over 100%, reaching levels not seen since the last bull market. While this increase is significant, it’s still below the all-time high of around $3. In bull runs, crypto assets generally break their all-time highs and soar to establish new ones. From the current price of $0.76, ADA could increase by 307% to reach $3.10.
Several things could push Cardano to new highs:
- Charles Hoskinson’s involvement as a crypto advisor for the Trump administration is a bullish factor.
- The Cardano ecosystem is experiencing significant growth, with numerous new projects, coins, and NFTs being launched.
- Potential partnerships with governments (Dubai) and organizations (NASA) could be in the works.
These and other catalysts make ADA one of the top altcoins to buy this month.
Aureal One (DLUME)
Aureal One is a blockchain platform focused on gaming and metaverse applications. The network is fast and cheap, with near-zero gas fees, making it appealing to developers and users.
DLUME is the native token of the Aureal One network and is currently in presale. The current price of DLUME is $0.0005, but after this presale round, the price will increase by 40% to $0.0007.
The current funding round smashed through $290,000 today and aims for $500,000. After the presale, DLUME will list it at $0.005, a 1000% increase from the current price.
You can purchase DLUME tokens via the official Aureal One website. They accept ETH, MATIC, BNB, SOL, TRX and USDT. They also accept card payments.
Department of Government Efficiency (DOGE)
The Department of Government Efficiency (DOGE) token on Ethereum has been gaining traction, with its price climbing steadily. DOGE reached an all-time high market cap of $517 million but has retraced to $300 million.
D.O.G.E has so much room to move because as larger tokens like Dogecoin lose steam, profits are being rotated into smaller market caps like D.O.G.E. Additionally, there is a higher number of buyers than sellers for the DOGE token on Ethereum, suggesting organic growth.
The number of holders with significant investments is increasing, and whale activity appears stable, indicating that large investors are not selling off their holdings.
D.O.G.E is a multi-billion dollar token with a $300 million market cap, which means it can rally by over 500% from the current price level. Among these 5 altcoins to buy in November, DOGE on Ethereum has the most upside.
XRP (XRP)
XRP price broke above $1 recently after stagnating below this level for 3 years. Due to this, talk of the potential of XRP to flip Bitcoin and Ethereum has begun seeping into the crypto community.
XRP previously held the number two in the crypto rankings, briefly surpassing Ethereum in 2019. Its significance in the crypto space has been long-standing, and it is expected to play a crucial role in the financial system globally, appealing to both BRICS nations and IMF countries.
XRP is poised for a potential rise in market relevance, with the possibility of flipping Ethereum once again as the ETH performance has been lackluster for the better part of 2024.
Hedera (HBAR)
Hedera Hashgraph is a layer-one protocol that uses a novel consensus mechanism. It is not a blockchain but a hash, making it fast and cheap. The HBAR token has performed well since November 5, rising over 100%. HBAR is currently a zone of resistance but still has a long way to go before it hits the previous ATH.
The current rally for HBAR is starting at a low-risk point. The 2021 bull run top has risk points of 4, while currently, the risk point is hovering around -2, which means it’s early to invest in HBAR. Since HBAR has plenty of room to work with to the upside
Conclusion
November 2024 presents a promising entry level into the bull market for investors aiming to build a diversified crypto portfolio. The top 5 altcoins to buy — Cardano, Aureal One, DOGE, XRP, and Hedera — offer substantial growth potential. Each project has unique catalysts that could drive significant returns, making them strong contenders for building a $2 million portfolio in the current bull market.
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