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Best Crypto to Buy Now November 20 – MANTRA, HEDERA, PNUT

Best Crypto to Buy Now November 20 – MANTRA, HEDERA, PNUT

CryptoNewsCryptoNews2024/11/21 01:44
By:Jimmy Aki

Discover the best crypto to buy now, including MANTRA, HEDERA, and PNUT, as the market heats up with fresh bullish trends.

Last updated:
November 20, 2024 13:37 EST

Bitcoin reached a record high of $94,878.75 on Wednesday, spurred by BlackRock’s iShares Bitcoin Trust (IBIT) becoming the first spot Bitcoin ETF approved for options trading.

This has reignited enthusiasm in the cryptocurrency market, driving investors to seek the best crypto to buy during this bullish phase.

The IBIT ETF debuted on the Nasdaq with nearly $1.9 billion in notional exposure , demonstrating strong institutional interest.

However, CryptoQuant’s analysis warns that Bitcoin’s MVRV ratio, currently at 2.67, could signal an overextension if it reaches levels above 3.7.

Bitcoin Hits ATH: Is It Time to Sell or Hold?

MVRV > 3.7 has historically marked market tops.

Explore these 4 additional key metrics to better understand market timing and make more informed decisions.

Details below 👇 pic.twitter.com/ewavOhofBR

— CryptoQuant.com (@cryptoquant_com) November 19, 2024

Nevertheless, Bitcoin’s dominance is stirring activity in the altcoin market, where MANTRA (OM), HEDERA (HBAR), and Peanut the Squirrel (PNUT) are emerging as strong candidates for the best crypto to buy now.

MANTRA (OM): Technical Indicators Point to Strong Growth Potential

MANTRA (OM), a blockchain prioritizing security and real-world asset tokenization, has become one of the most promising altcoins in today’s market.

Its decentralized finance (DeFi) framework supports staking, lending, and governance, making it a versatile choice for investors.

The project has seen major momentum, with its market cap climbing to $3.59 billion and its price soaring 177.29% in the past week.

📈 Quietly making moves: $OM emerges as one of the strongest performing L1s

🔆+180% in just 7 days
🔆Steady volume of $441M
🔆Market cap growth to $3.5B+
🔆Consistent green across all timeframes

When fundamentals meet performance🚀🚀🚀

Source: @coingecko #RWA #MANTRA #Layer1 pic.twitter.com/aSNGrAFfOs

— Matt May (@MattOMExplorer) November 20, 2024

Recent price action highlights a robust bullish rally, as MANTRA tested the $2.618 Fibonacci level before stabilizing at $3.99.

While still 7% below its all-time high of $4.47, technical analysis points to future growth, supported by increasing adoption of tokenized real-world assets .

Best Crypto to Buy Now November 20 – MANTRA, HEDERA, PNUT image 1 Source: CoinMarketCap

The price could reach $6.25 by 2025, with minor pullbacks potentially bringing it to $3.27 before stabilizing around $4.51.

HEDERA (HBAR): Bullish Momentum and Key Technical Levels to Watch

Following MANTRA’s strong performance, HEDERA (HBAR) has also emerged as a top contender.

The native token of Hedera’s proof-of-stake public ledger, HBAR has surged over 115% this week, reclaiming the psychological $0.13 level. Its market cap now stands at $5.28 billion.

While trading volume has dipped 65.11% over the past 24 hours to $1.19 billion , HBAR’s price reflects a V-shaped reversal and is approaching its 52-week high of $0.1567.

Best Crypto to Buy Now November 20 – MANTRA, HEDERA, PNUT image 2 Source: CoinMarketCap

Technical indicators like the EMA crossover and a potential Golden Cross suggest that the token could sustain upward momentum, attracting further investor interest.

#Hedera (HBAR) is a revolutionary Layer 1 project. $HBAR has seen 275% increase since election night just 2 weeks ago.
I followed #HBAR for a couple of years now and I believe it has great potential.
Definitely one to watch on my favourites list but beware heavily overbought RSI pic.twitter.com/hTjN661vFs

— Matthew Dixon – CEO Evai (@mdtrade) November 19, 2024

Hedera continues to solidify its role in the decentralized application (dApp) and smart contract ecosystem, making it one of the best cryptos to buy now.

Peanut the Squirrel (PNUT): Price Action and Key Support Levels Drive Market Sentiment

Peanut the Squirrel (PNUT), a Solana-based meme coin , has captivated investors following its listing on Binance.

Inspired by the viral story of a pet squirrel, PNUT has experienced extraordinary price action, rising 325% last week to reach $1.63 and achieving a market cap of over $1.6 billion.

Best Crypto to Buy Now November 20 – MANTRA, HEDERA, PNUT image 3 Source: CoinMarketCap

The token initially saw a 500% pump earlier this month, briefly pushing its market cap to $2.4 billion.

While PNUT’s current price suggests potential for continued gains, profit-taking phases could lead to corrections toward support levels of $1.55 or $1.29.

Despite its volatility, PNUT exemplifies the meme coin trend, offering a high-risk yet intriguing opportunity for speculative investors.

Top Alternatives to Bitcoin: Best Cryptos to Buy Now

As Bitcoin continues to dominate the market, the broader cryptocurrency space is gearing up for a shift towards altcoins, potentially sparking a new phase of growth.

Institutional players like MicroStrategy are increasing their Bitcoin holdings, with figures such as Michael Saylor actively advocating for crypto strategies across corporate sectors .

This growing interest in Bitcoin is creating favorable conditions for altcoins and presale opportunities.

For early investors, these up-and-coming altcoins present the possibility of substantial returns as liquidity and market support increase.

Below are some of the most promising altcoins to consider in the current market.

18 Best New Meme Coins to Buy in November 2024

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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