The cryptocurrency market is gearing up for a sequence of upward surges in the coming months. The first one is simmering. But on the bright side, it provides an opportunity to buy the dip. And the second one is expected to begin in the fourth week of November following a brief pullback.
What you'll learn 👉
Thinking ahead
Bitcoin’s market dominance is unmatched. But it’s unwise to solely rely on BTC when there are more established and emerging cryptocurrencies that can outperform it.
Rather than following the herd and buying in after a cryptocurrency has peaked, it is best to prepare. Another thing to consider is the ratio of a crypto portfolio. It shouldn’t be limited to high-cap assets which are long past their saturation points. Volatile price movements are characteristic of newer assets with low market caps.
They yield returns ranging from 0.5X to as high as 50X during their initial phases, while high-cap assets make headlines with just a 10% price surge. The quality of the project and its upcoming milestones matter more than media coverage, as a result.
1. Polygon (MATIC)
On top of our list is Polygon (MATIC). The coin has recorded a 20% increase over the last thirty days. After a year of monotonous performance that dispirited investors, Polygon is showing signs of a trend reversal.
The recent growth marks the initial phase of a potentially upward trajectory for Polygon. If the momentum is maintained, it could propel the token toward the $1 mark in favorable broader market conditions.
In the last two years, MATIC has taken a steep plunge of 77.79%. It further indicates that price correction is pending for the coin.
Polygon price action, 1-year, CoinMarketCap
POL token upgrade on the Ethereum mainnet will play a pivotal role in driving Polygon’s progress and social media momentum. Marked by extensive development and active community involvement, the upgrade instills faith in the project.
POL operates as the cornerstone of an expansive ecosystem of Layer 2 chains based on zero-knowledge technology. The native re-staking protocol allows POL holders to validate multiple chains and perform diverse tasks within each chain.
The upgrade will lay the groundwork for upcoming milestones outlined in the Polygon 2.0 roadmap.
2. eTukTuk (TUK)
In the cryptocurrency market, where bull markets often emerge from fleeting trends rather than sustained innovation, eTukTuk marks itself off.
The project is bringing a groundbreaking Electric Vehicle (EV) ecosystem specifically designed for the public transportation sector in developing economies – a sector that has long been overlooked by mainstream EV brands.
The eTukTuk ecosystem includes electrically powered Tuk-Tuks primarily, which recognize the financial constraints of developing countries. Although EVs are cost-efficient in the long-term, their upfront costs have hindered widespread adoption.
After five years of dedicated research and development, eTukTuk’s holistic EV ecosystem comprising electric Tuk-Tuks, a peer-to-peer blockchain payment system, and a network of charging stations is coming to the market.
Overseen by territory partners, they serve the energy needs of all local EV drivers.
A portion of the tokens paid for charging fees is streamed to reward territory partners. The collaborative ecosystem allows drivers to earn up to 400% more income by reducing operational and maintenance costs.
1/ Ever wondered how cutting-edge technology is transforming our battle against climate change? 🌍💡
— eTukTuk (@eTukTukio) November 13, 2023
Join us on this thread to explore the incredible impact of AI on #GlobalWarming, sustainable cities, disaster prevention, and more! 🧵 pic.twitter.com/DNSPzYrlCQ
eTukTuk’s peer-to-peer ecosystem also involves Power Stakers, responsible for securing the payment network. They will earn TUK reward in exchange.
The project additionally plans to launch a play-to-earn game in a style similar to Crazy Taxi.
eTukTuk is debuting in Sri Lanka, renowned for its multitude of eTukTuks.
With fewer than 200 components, eTukTuk not only offers a greener and safer alternative but also leverages efficient technology. They can be locally manufactured, significantly reducing initial investment costs.
Blockchain and AI capabilities are seamlessly integrated into the platform. Blockchain supports the EV payment system, while AI optimizes routes for reduced traffic and fuel consumption.
The $TUK token presale is moving ahead rapidly. Each new stage of the presale features a small price increase, thus giving early investors the most favorable entry point.
3. Solana (SOL)
The recent launch of Solana Incubator can significantly impact SOL’s price action in the coming weeks. Through the program, projects building on the Solana blockchain will get fundraising, development, networking, and marketing assistance as a head start.
The program is taking applications until November 30. Selected projects will receive extensive support from the Solana Labs team and its partners through different stages of project development across different aspects.
Solana price action, 1-month, CoinMarketCap
It will expand the project’s intrinsic value by nurturing the Solana network as a whole.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
