The cryptocurrency market has experienced a strong rise. This rise is mostly dominated by the leading cryptocurrency Bitcoin. However, altcoin projects are also showing signs of strength. In his latest analysis, the analyst nicknamed Mustache says that ‘we are still at the very beginning’ of a major bull run for altcoins. According to experienced analysts, these 5 altcoins are great buys in the last month of 2023.
Cardano (ADA) is in first place
In particular, Cardano (ADA) has made steady progress over the past few months. Additionally, the recent surge in ADA transactions above $100,000 indicates growing interest from institutional investors and whales, observes crypto analyst Ali Martinez. This typically preceded price increases.
Cardano large transactions. Source: Ali MartinezMeanwhile, ADA was changing hands at $0.405 at the time of writing. The altcoin increased by 3.16% on the day. Moreover, it has gained 6.35% in the past week and 24.69% in the past month.
ADA 30-day price chartThe leading altcoin Ethereum (ETH) comes in second place.
At the same time, Ali Martinez describes the current period as the “most important buying moment” for Ethereum (ETH), considering that its next target could be $ 3,500. Moreover, according to crypto analysis platform Santiment, signs of FOMO are seen as open interest and long positions increase.
Ethereum open interest and long positions. Source: SantimentAccording to the latest data, Ethereum is currently trading at $2,245.62. This price represents a gain of 3.69% in the last 24 hours for the leading altcoin. It also reflects a 10.77% increase over the previous seven days. On the monthly chart, it indicates a more significant gain of 22.07%.
Ethereum 30-day price chartPopular meme coin Dogecoin (DOGE) is also on the list
The analyst also includes the original meme coin Dogecoin (DOGE) in the list. DOGE has recently overcome the major obstacle to the continuation of its rise that Ali Martinez previously described. Additionally, Crypto Tony says it will open the doors for DOGE to nearly double its price and move towards a target of $0.14.
Dogecoin price analysis. Source: Crypto TonyCurrently, Dogecoin is changing hands at $0.0879. The altcoin showed an advance of 4.10% on the daily chart. It also recorded a weekly gain of 11.28% and a gain of 27.91% for the month.
Dogecoin 30 day price chart.Analysts are not forgetting the popular altcoin Solana (SOL)
It is noteworthy that investors are staking more than 93% of SOL in circulation (up 63% in November). This shows that investors trust the protocol enough to lock in their liquidity for the long term.
Solana shared the data on December 2. Source: StakingRewardsIn terms of price, Solana was changing hands for $60.77 at the time of writing. This indicates a loss of 4.18% for the altcoin on the day. However, SOL increased by 10.42% last week and 45.81% last month.
Solana 30-day price chart.Chainlink (LINK) is last on the list.
According to experts at analysis platform The DeFi Edge, Chainlink (LINK) was the most purchased altcoin in the last two weeks of November. Ali Martinez points out that LINK recorded the biggest increase in whale transactions of the year.
LINK whale transactions. Source: Ali MartinezCurrently, the altcoin price has reached $15.74. This represents a decrease of 1.39% in the last 24 hours. However, LINK recorded a weekly increase of 10.34%. It also recorded a more significant advance of 39% on its monthly chart.
Chainlink 30 day price chart.The opinions and predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.comWe strongly recommend that you do your own research before investing.
