Best Crypto to Buy Now November 6 – Neo, KuCoin, Aave
Publikováno: 6.11.2023
With the cryptocurrency market offering continued opportunities, investors are searching for the best crypto to buy now that could potentially produce financial gains. Evaluating projects like Neo, KuCoin, Aave, and ongoing crypto presales TG.Casino and yPredict provide insight into prospects worth following. For instance, Neo’s token has surged 27% over the past week to around […]
The post Best Crypto to Buy Now November 6 – Neo, KuCoin, Aave appeared first on Cryptonews.
With the cryptocurrency market offering continued opportunities, investors are searching for the best crypto to buy now that could potentially produce financial gains.
Evaluating projects like Neo, KuCoin, Aave, and ongoing crypto presales TG.Casino and yPredict provide insight into prospects worth following.
For instance, Neo’s token has surged 27% over the past week to around $13.44 after founder Da Hongfei announced a new sidechain expected to address Miner Extractable Value threats.
This sidechain aims to improve security and experience using Neo’s dBFT consensus.
Despite experiencing previous downtrends since February, Neo has bounced in late October to achieve substantial gains of around 120% on the year so far.
Analysts suggest a potential test of the $16 resistance area based on strong momentum. However, some remain cautious about a possible local top around $17.
Additionally, strategic listing and delisting decisions have highlighted KuCoin Exchange, especially the recent addition of Celestia.
The exchange has also published an analysis of growing crypto hubs. KuCoin Token currently trades at $5.636 with predictions of possible near-term gains.
Upgrades like Pre-Market Trading showcase KuCoin’s expanding services.
There has been renewed interest in Aave following a token-holder vote leading to an initial surge from $61 to $90.
The price briefly corrected to $75 but has since rebounded to hit $100 for the first time since last August.
Aave is now trading around $95, posting a 7% gain so far today. A retest of $100 is on the radar in the next few days.
For early-stage potential, ongoing crypto presales TG.Casino and yPredict also warrant consideration as the best crypto to buy now.
Propelled by promising project advancements and encouraging technical outlooks, these cryptocurrencies deserve monitoring over the weeks ahead.
NEO Price Prediction: Can it Sustain the Impressive Run?
NEO price has been on an impressive run for November, gaining over 16% in yesterday’s trading session alone. This marks the biggest single-day move for the cryptocurrency in its 16-day uptrend.
With NEO price nearing immediate resistance levels, it appears primed for a potential consolidation around current prices or could even face rejection in the coming days before continuing higher.
The 20-day EMA for NEO currently stands at $9.62 while the 50-day EMA sits at $8.44. With the faster-moving average above the slower one, this signals an uptrend in motion. However, with NEO surging over 100% in a matter of weeks, a pullback to retest support would not be surprising.
The RSI is hovering at an extremely overbought level of 85.80, up slightly from 85.21 yesterday. NEO is at its most overbought levels since February and a cool-off in momentum may be ahead.
The MACD histogram continues to rise at 0.49, up from 0.42 yesterday. But these elevated levels combined with the overheated RSI suggest a potential downside even as the trend remains pointed higher.
With NEO up another 1.97% so far today to $13.44, it is currently trading between its immediate resistance zone between $13.36 and $14.20. This area aligns with the Fib 0.236 level at $13.36. Strong selling pressure may emerge around this technical barrier.
On further declines, initial support lies between $11.63 and $12.05, with the Fib 0.382 level at $12.05 offering robust support. As long as NEO holds above this zone, the overall bullish trend remains intact despite any short-term pullbacks.
While the powerful uptrend remains clearly in place, the overextended technicals underscore the need for caution at these levels. NEO price may be due for a healthy consolidation between key support and resistance levels before its next leg higher.
Traders should watch for a decisive break past the $14.20 resistance or a breach of $12 support to signal the next major move.
KuCoin KCS Price Surges 22%, Setting New Multi-Month Highs
The KCS price has seen a strong surge over the past week, with the token gaining over 22% and reaching new multi-month highs.
This momentum appears to be driven by a breakout from an ascending triangle formation that had been developing since late August.
With the KCS price now trading around $5.64, it sits well above its 20-day EMA of $4.91 and 50-day EMA of $4.75.
This shows the short-term and mid-term trend is pointing upward.
Additionally, the 100-day EMA sits at $4.65, confirming the longer-term bullish momentum.
The RSI for KCS spiked to 88.33 today, up from 84.95 yesterday.
This shows buyer enthusiasm is expanding despite the token already being in overbought territory.
However, such elevated RSI levels can often precede a minor pullback or consolidation.
The MACD histogram has also risen to 0.093, a sizeable increase from yesterday’s 0.051 reading.
This indicates growing bullish momentum that could send the KCS price even higher.
With the KCS price breaking past the resistance zones of $5.58 to $5.65 and $5.50 to $5.52 today, bulls remain in control.
The first level of support in case of a pullback sits around $5.29, the Fib 0.382 level. Below that, the Fib 0.5 level at $5.14 could come into play.
Overall, the technical picture remains highly bullish for KCS in both the short and long term.
While overbought conditions suggest a minor pullback is possible, the breakout from key resistance indicates further upside is likely.
KCS bulls will be targeting a move towards the $6 psychological level next if positive momentum can be maintained.
AAVE Price Breaks Resistance, Targets $100
After consolidating for the past 3 days, Aave (AAVE) price has bounced off the key Fib 0.382 retracement level at $86.84, currently trading at $95.49 up by 7.18% so far today.
AAVE is attempting to break out from its immediate resistance zone as it continues its overall uptrend.
Despite some selling pressure when AAVE hit an intraday high of $99.59, it appears that the cryptocurrency will retain its upward momentum with today’s price action.
A retest of the psychological $100 level seems highly likely in the coming days.
The 20-day EMA for the AAVE price stands at $82.74, above the 50-day EMA of $74.18.
With the short-term EMA above the long-term EMA, this is typically seen as a bullish indicator.
The RSI is currently at 71.70, up from yesterday’s 66.07. As the RSI approaches overbought territory, the AAVE price may be due for a minor pullback before continuing higher.
The MACD histogram is at 0.80, an increase from the previous day’s 0.64, suggesting growing bullish momentum which could lift the AAVE price further.
AAVE faces immediate resistance between $91.95 and $95.63, aligning with the Fib 0.236 level of $92.93.
Sustained trading above this zone would confirm the breakout.
Immediate support remains at the Fib 0.382 level of $86.84 which has held for the past 3 days.
As long as this level continues to provide support, AAVE can remain on its uptrend.
As NEO, KCS, and AAVE post upside technical momentum, investors are also exploring new cryptocurrency projects that have the potential to generate gains.
TG.Casino and yPredict presales offer intriguing value propositions for early participants willing to take calculated risks.
Exploring Bitcoin Alternatives
Bitcoin has long dominated the cryptocurrency market, but its position as the top cryptocurrency is no longer unchallenged.
With thousands of cryptocurrencies now in existence, savvy investors can get ahead of the next big breakthrough in blockchain technology.
The key is identifying and investing in bitcoin alternatives that could become the headline successes of tomorrow.
While many chase after established altcoins, real wealth in crypto comes from early exposure to game-changing crypto projects.
Rather than chase established altcoins, smart crypto investors look for promising emerging projects that showcase the future of blockchain technology.
Two examples are TG.Casino and yPredict.
Exploring these and other forward-thinking Bitcoin choices presents the potential for tremendous upside compared to Bitcoin for early investors.
The time is now to dive into the next phase of blockchain advancements before mass adoption.
Why TG.Casino’s $TGC Token is the Best Crypto to Buy Now for Casino Enthusiasts
Gearing up for a 2024 release, TG.Casino has plans to shake up the multi-billion dollar casino industry by embedding decentralized crypto gambling capabilities right inside the Telegram app.
While the current crypto casino industry is valued at just $850 million, TG.Casino believes it can capture a larger share of the overall casino market through its pioneering approach.
The project is currently fundraising via a token presale, with its ERC-20 $TGC token priced at $0.15.
The presale has already raised over $1.74 million, nearing its goal of $2.5 million.
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Several crypto influencers have expressed optimism about the project, highlighting the benefits of accessing casino games directly within Telegram with no need for accounts or KYC.
They believe the ease of use will attract users to the platform.
The $TGC token seeks to drive utility through rewards, access to exclusive games, high staking yields, and cashback for users.
Additionally, a portion of casino profits will be used to buy back and burn tokens, benefitting holders.
With a focus on user experience, tokenomics, and decentralization, TG.Casino seeks to address the key challenges facing the incumbent casino industry.
If successful, it could pave the way for further disruption of the traditional casino sector, bringing the benefits of blockchain technology to the masses.
For now, the project remains in fundraising mode as it gears up for its 2024 launch.
yPredict’s AI-Driven Insights: Discover the Best Crypto to Buy Now
The countdown to the end of yPredict’s presale is entering its final stretch, with the AI-driven crypto analytics platform raising over $4.65 million so far on its way to hitting the project’s fundraising goal of $6.5 million.
yPredict is developing an artificial intelligence-powered ecosystem to provide predictive analytics and trading tools tailored for the volatile crypto markets.
The platform combines statistical models like ARIMA with machine learning techniques such as LSTM and SVM to offer flexible price forecasting.
The presale offers investors an early opportunity to acquire the $YPRED token before the project fully launches.
As an incentive, the presale provides staking rewards of up to 45% quarterly for token holders.
This reward system shares 10% of proceeds from each new subscription on the yPredict platform.
The presale accepts purchases through various cryptocurrencies including Ethereum, Matic, Binance Coin (BNB), and USDT.
Investors can connect their wallet and make a straightforward purchase directly on yPredict’s website.
yPredict resides at the intersection of two fast-growing sectors – cryptocurrency and artificial intelligence.
As these fields continue expanding, platforms combining them both offer potential growth.
The ongoing presale presents interested investors exposure and engagement in the early stages as yPredict builds out its technology and ecosystem.
In addition to its core predictive engine, yPredict plans to offer trading signals, educational materials, chat rooms, and more.
The team intends to provide an all-in-one destination for cryptocurrency traders to access AI-powered data analytics and automation tools.
With the presale nearing its end, investors have a closing window to acquire one of the best crypto to buy now before the full launch.
yPredict emphasizes its staking rewards system and suite of planned features as key reasons to participate.
Visit yPredict Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital
The post Best Crypto to Buy Now November 6 – Neo, KuCoin, Aave appeared first on Cryptonews.