The crypto market has mostly experienced a valuable rally in the last two weeks. Multiple cryptos have gained valuable interests through short-term buying pressure. Therefore, the trend has triggered an overall bullish sentiment for market prospects. This has opened the door to some claims that an altcoin era will begin. A prominent crypto analyst shares 5 altcoin projects to watch in November.
“Multiple altcoin projects are dying to continue”
Accordingly, crypto analyst Michaël van de Poppe suggests that multiple altcoin projects are preparing for the continuation of an upside rally. In a YouTube video on November 4, the analyst comments:
More than one of the altcoins is dying to continue. However, we certainly expect a consolidation in the market. It looks pretty good. I think we are on the verge of a big boom in the markets.
In this context, the analyst identifies the following altcoins as valuable projects to watch out for.
Considerations: BNB, MASK, DOGE, MATIC and LINK
Binance Coin (BNB)
The altcoin is trading at $349 at press time. Van de Poppe suggests that the token will continue with an upward trend, gaining more than 15% in a week. For example, the technical analysis of the token is dominated by positive sentiments pointing to the purchase.
Mask Network (MASK)
MASK has made a huge profit of about 14% in the last 24 hours. It changes hands at $4.92 at press time. The analyst says the token has many upside possibilities. He also states that he has set his next price target as $5.50. But according to the analyst, if the altcoin corrects to $4, it will trigger longs for the token. His prediction is in line with the MASK technical analysis, which supports the accumulation of cryptocurrencies.
Koindeks.com Dogecoin has always been at the forefront in the last two weeks. According to the analyst, well-known chest coin investors need to be patient. They should also wait for DOGE to regain critical levels. However, the analyst notes that token investors who see a downward process, especially after rising above $0.13, should be cautious. DOGE is trading at $0.01273 at press time. Meanwhile, chest coin has profited over 23% in one week with positive techniques.
Elsewhere, MATIC’s remained prevalent last week, reclaiming the $1 level. The analyst states that the $1.30 target is still valid. At the same time, the techniques underline a bullish sentiment around MATIC.
The last altcoin on the analyst’s radar is Chainlink (LNK). The analyst points out that he is lining up for a big breakout that will result in a real run for $11. According to press time, LINK was trading at $8.89 with a weekly benefit of over 17%. However, he warns that at the bullish point of LINK’s technical information, it will retest the $7.8 level before recovering.