With Bitcoin halving due next year, the crypto market is preparing for a series of bull runs. The next one will begin by the third week of November after a short retreat.
What you'll learn 👉
Diversification is key
While Bitcoin makes an obvious choice in the current market environment, it is never a good idea to limit a portfolio to just one asset. Another common mistake inexperienced investors make is to confine themselves to high-cap assets.
Established crypto assets tend to follow the market downtrend and gain value during a bull run. But they can’t match the volatile price action of young assets. Given their low market cap and large room for growth, promising new assets often give returns ranging from 50% to 5000% to strategic investors who get in early. Bull markets fuel their price actions.
In this article, we will take a look at five assets – including established and emerging – that are best positioned for a steep bull run in November.
Polygon’s MATIC is one of the top trending cryptocurrencies this week. It has gained 21.62% over the last thirty days and has reached $0.6497 at the time of writing.
But this is only the beginning of a strong forward momentum for Polygon, which can make its way toward $1 if the broader market environment comes together. Over the last two years, Polygon has lost 77.79% of its value. So a price correction is long due for the coin.
Having reclaimed the $0.60 horizontal resistance area, MATIC might be beginning to reverse the trend, despite short-term downtrends.
One of the key factors that will fuel MATIC’s journey ahead is the POL token upgrade that is live on the Ethereum mainnet. The comprehensive development and community engagement that went into the launch have sparked social media enthusiasm around the project.
Polygon price action, 1-year, CoinMarketCap
The cutting-edge token’s role is to become the driving force behind an extensive ecosystem of Layer 2 chains based on zero-knowledge technology. A native re-staking protocol enables this and empowers POL holders to validate multiple chains and complete various tasks on each of these chains. A few examples are sequencing, generating ZK proofs, and participating in data availability committees, among others.
The relevance of the POL token upgrade in the price trajectory of MATIC lies in the fact that it forms the foundation for the upcoming milestones laid out in the Polygon 2.0 roadmap.
Key milestones ahead include the introduction of a new staking layer to support Polygon Layer 2 solutions, the fine-tuning of Polygon Proof-of-Stake (PoS) with zkRollup technology, and the implementation of a more powerful ZK-powered interoperability and shared liquidity protocol for all these Layer 2 solutions.
It is best to wait for a few days to find an optimal entry point as the MATIC price retreats.
Pepe’s recent token burn sent the meme coin to the moon. The price action is waning now, as meme coin investors move to fresh new alternatives like Meme Kombat. As the price goes further down in the next few days, investors can make use of the opportunity to buy the dip.
Pepe price action, 1-month, CoinMarketCap
Pepe has the potential to kindle a meme coin mania in the November bull run, potentially taking the price anywhere from 50% to 80% up the charts.
3. Bitcoin Minetrix
Coming to the young crypto category, Bitcoin Minetrix ($BTCMTX) is an excellent investment now. Following in the footsteps of assets like Bitcoin Cash, the Bitcoin 2.0 coin shows promise.
The core premise of the project is simplifying cloud mining. It achieves this by tokenizing bitcoin mining credits and making them accessible to retail investors through staking.
Users just need to stake their $BTCMTX tokens to earn attractive mining credits on the platform. Mining credits are distributed as non-transferable erc-20 tokens, thus maintaining high standards of security.
The presale is approaching an early sell-out as the traffic grows.
Solana is preparing for a strong comeback in November. A new project called “Solana Incubator” will cater to the price action of the token. Since the program offers fundraising, development, networking and marketing support for projects that intend to build on the Solana blockchain, it will be a game-changer for the ecosystem.
Solana price action, 1-month, CoinMarketCap
Projects can apply to Solana Incubator till Nov. 30. Selected projects will get support from the Solana Labs team and its partners throughout the development, marketing, and launch phases.
5. Meme Kombat
Meme Kombat ($MK) is a hot new meme coin with play-to-earn capabilities. Meme Kombat Season 1 is scheduled for release soon after $MK tokens launch on public exchanges. That could kindle a series of bull runs for the token, which serves as the payment and reward token of the AI-powered virtual battle arena.
The doxxed team headed by Matt Whiteman instills faith in the project with a transparent approach.
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