Bitcoin has made history by printing its largest monthly candle, achieving a remarkable 40.8% surge in November and surpassing the $99,000 milestone. As the cryptocurrency nears six figures, it solidifies its position as one of the best crypto assets to consider buying now.
Institutional Inflows and Stablecoin Activity Boost Bitcoin
The bullish trend was largely driven by rising institutional interest, particularly through Bitcoin ETFs, which accumulated $30.35 billion in net inflows, according to SoSoValue. Additionally, stablecoin inflows to exchanges reached $9.7 billion, underscoring robust buying interest.
Altcoins Rising Alongside Bitcoin’s Surge
While Bitcoin garners significant attention, altcoins such as StrikeX (STRX), Philcoin (PHIL), and Cardano (ADA) are also emerging as strong contenders for significant gains amid the current bullish sentiment.
StrikeX (STRX): A Promising Real-World Asset Token
StrikeX (STRX), a real-world asset (RWA) token, has gained momentum thanks to its innovative investment solutions. Initially launched in 2021 to power the TradeStrike brokerage platform, it simplifies investments for everyday users.
- Current Performance: Priced at $0.04718, STRX has surged by an impressive 104.7% in just one week.
- Investor Enthusiasm: This growth follows StrikeX Labs’ announcement of a partnership with Securitize Inc. to tokenize its equity and attract U.S. accredited investors.
- Technical Analysis: After breaking a 210-day downtrend, STRX has entered a bullish phase. The Relative Strength Index (RSI) is at 47.487, indicating upward potential. Its 50-day and 100-day moving averages at $0.0457 and $0.0369 further support this outlook.
Philcoin (PHIL): Blending Blockchain with Philanthropy
Philcoin (PHIL) stands out for its philanthropic approach, integrating social media, IoT, and education into a unified ecosystem.
- Market Position: Launched in August 2024, PHIL achieved a $125 million market cap within hours on Uniswap. Despite a recent 3.49% dip, it trades at $0.03231 with a market cap of $32.29 million.
- Potential Opportunity: Currently 41.43% below its October peak, PHIL offers long-term investors an appealing entry point.
- Community Support: Philcoin has built a strong community driven by its unique branding and innovation-focused principles.
Cardano (ADA): A Resilient Blockchain Powerhouse
Cardano (ADA) remains a top-tier cryptocurrency due to its sustainability and scalability, enabling a range of decentralized applications (dApps).
- Impressive Rally: ADA has surged over 20% in the past 24 hours, reaching $0.9412—a level unseen since May 2022.
- On-Chain Activity: Futures open interest climbed to $717.22 million, reflecting substantial capital inflows and a bullish sentiment.
- Technical Indicators: While the RSI at 79 suggests an overbought condition, its 50-day and 200-day moving averages point to sustained growth.
Exploring Alternatives as Crypto Adoption Grows
As Bitcoin’s dominance and institutional adoption continue to rise, the altcoin market is positioned for a potential supercycle. Key developments, such as Gary Gensler’s resignation as SEC Chairman and recent legislative initiatives, may further accelerate cryptocurrency adoption.
Emerging tokens like STRX, PHIL, ADA, and other presale opportunities present compelling options for investors looking to capitalize on the current market momentum.
The post Best Crypto to Buy Now November 22 – STRX, PHIL, ADA appeared first on Cryptonews.
