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Bitcoin is at $71.25K, rising over 3% in 24 hours. With elections and rate cuts ahead, November could be big for crypto.
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Bitcoin is at $71.25K and could be about to break its all-time high, having risen over 3% in the last 24 hours.
Sentiment is buzzing. But to make things more interesting, there are just three days until November.
This will be a huge month for crypto, with the US presidential elections and interest rate cuts expected to bolster prices.
So, what are the best tokens to buy in preparation?
Pepe Unchained
As the Bitcoin price rises, Pepe Unchained is showing immense demand. The project is undergoing a presale where it has raised $23.1 million.
For reference, that’s more than Ethereum raised in its ICO.
What’s all the hype about? Pepe Unchained is building an Ethereum layer 2 blockchain.
The meme coin narrative dominated in 2024, and now it has a fast and low-cost home on Ethereum.
Pepe Chain will be 100x faster and far cheaper than Ethereum, yet it still benefits from the main net’s decentralization, security, and liquidity. That’s a massive benefit over something like Solana or Tron.
Moreover, meme culture runs through Pepe Unchained’s veins. Meme coins are not a fringe use case on the Pepe Chain – they’re exactly what it was created for.
Word is spreading, and the project is developing a massive community, even though the chain has yet to launch.
Investors can buy Pepe Unchained for $0.01189, but this price is expected to rise in two days.
Render
Alongside meme coins, AI has been another winning narrative of 2024. This is why Render could be one of the best cryptos to buy in November.
It’s an AI project that runs on Solana. This makes it easy to buy for Solana’s 4.3 million daily active users, which is a notable advantage over rival AI project TAO, which requires a native Bittensor wallet or centralized exchange.
Render is a distributed GPU power network that allows developers to rent idle computing power via a peer-to-peer system.
This can be used to train AI models, but Render also markets the service towards rendering graphics.
Renting GPU power on Render is fast, elastic, and affordable. Essentially, Render removes the barriers to entry that developers usually face when building new products.
RNDR is currently trading at $5.02, up 5.28% today, down 5.1% this week, and down 22% this month.
Flockerz
When it comes to meme coins, Flockerz is tackling the biggest issues head-on.
The project addresses the meme coin centralization problem, which has caused many investors to lose money.
Many meme coins are led by self-appointed, centralized teams, and even the so-called community takeover (CTO) tokens are often manipulated by insiders who overtly control the token supply.
Flockerz solves this by decentralizing governance and running a fair presale launch.
The project has a Vote-to-Earn DAO, in which all FLOCK holders get to vote on decisions relating to the project’s future, and they’re even paid to vote.
Moreover, the presale offers every trader the opportunity to buy FLOCK at a fixed rate, ensuring a diluted token distribution.
Flockerz also has a staking mechanism that lets users compound their FLOCK holdings.
The presale has shown considerable demand, raising $1.1 million so far.
Currently, investors can buy FLOCK for $0.0058862, but this price is expected to rise in two days.
Dogecoin
As mentioned, the US presidential election will be a big event for crypto.
However, it could disproportionately impact Dogecoin, thanks to a sequence of unlikely events. To cut a long story short, if Trump wins the election, then Elon Musk could lead a new US government unit called Department Of Government Efficiency or D.O.G.E for short.
Given that Dogecoin is Musk’s favorite meme coin, the prospect of Musk’s new role has provided a huge boon to its price. And that’s not to mention that his department will share Dogecoin’s ticker symbol.
This could just be the beginning of a new narrative for Dogecoin.
DOGE is soaring on the back of this. It is currently trading at $0.1654, up 16% today, 13% this week, and 29.1% this month.
Stacks
Bitcoin is showing strength against many altcoins this week, but in periods where BTC outperforms, Stacks tend to outperform.
Stacks is the largest Bitcoin layer 2 blockchain, providing scalable transactions and even smart contract functionality to Bitcoin.
Moreover, STX is becoming increasingly important as custodial services such as Bitcoin ETFs and wrapped Bitcoin rise in popularity. The growth of these services reduces on-chain activity, which takes fees away from Bitcoin miners and makes the network less secure.
Stacks solves this by creating a new decentralized economy on top of the Bitcoin network, which will still result in fees paid to BTC mines.
Currently, Stacks is trading at $1.88, up 9.6% today. That’s over double what Bitcoin is up with a 4.9% pump.
Stacks holds a $2.8 billion market cap and a $213 million 24-hour trading volume.
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This article first appeared at crypto.news
