Top Cryptocurrencies to Buy Now on November 18 – Quant, Algorand, Polkadot

As cryptocurrencies continue to reshape global financial systems, governments and policymakers are exploring the benefits of adopting Bitcoin as a strategic reserve asset. Polish presidential candidate Sławomir Mentzen has openly supported the creation of a Bitcoin reserve for Poland. This follows a growing trend among countries recognizing Bitcoin’s potential as a hedge against inflation and an alternative to fiat currencies.

Mentzen’s position reflects strategies seen around the world, where Bitcoin’s decentralized nature and limited supply position it as a valuable asset in a country’s financial arsenal. As leaders and governments consider such measures, the discussion around Bitcoin adoption is gaining momentum, adding relevance to the ongoing Bitcoin research. top cryptocurrencies to buy now.

Top Cryptocurrencies to Buy Now

This article looks at some of the top tokens to consider for investment. Akash Network has seen notable growth, with a 19.89% price increase in the last hour, pushing its value to $3.90. Additionally, Polkadot has seen significant growth in user adoption, averaging 1,000 to 2,000 new accounts daily since mid-October. Meanwhile, Quant has demonstrated strong performance, with its price increasing by almost 10% in the last 24 hours.

1. Algorande (ALGO)

Algorand is a blockchain network designed to improve transaction speeds, reduce fees, and improve efficiency compared to older networks like Bitcoin. It uses a pure proof-of-stake protocol, eliminating mining and reducing energy consumption. The network supports various dApps and aims to provide a scalable solution for blockchain users.

Recently, Algorand’s total address count increased 63% quarter-over-quarter, from 0.8 million to 1.3 million. This growth reflects initiatives such as partnerships, educational programs in countries like Nigeria and India, and developer-focused efforts like the Algorand Incubator.

Additionally, the platform’s total value locked increased by 12% over the last quarter, from $173 million to $194 million. This growth was driven by activity on the major protocols of its ecosystem. ALGO, the platform’s native token, is currently trading at $0.2151, a daily increase of 10.88%.

The Algorande of the third trimester @MessariCrypto the report has just been released.

Key information:

📈New addresses on Algorand increased by 63% QoQ, from 0.8 million to 1.3 million, thanks to the Coinbase Learning Rewards program.

📈Algorand’s DeFi TVL increased by 12% QoQ from $173 million to $194… pic.twitter.com/1mvS2fiqbS

– Algorand Foundation (@AlgoFoundation) November 14, 2024

Over the past seven days, the token’s price has increased by 49.08% and has seen an increase of 71.89% over the past 30 days. The token is trading 16.75% above its 200-day simple moving average of $0.18344. The Fear & Greed Index shows a reading of 83, indicating strong positive market sentiment. ALGO has also experienced 15 green trading days in the last 30 days, reflecting high liquidity and consistent activity.

Forecasts for November 2024 suggest that ALGO could trade between $0.199794 and $0.231518, with a potential return of 7.70% if current trends continue. By December 2024, its price is expected to range between $0.235153 and $0.332402, offering a possible return of 54.63% based on an expected average price of $0.280695. In 2025, forecasts suggest a price range of $0.235154 to $0.402236, with an average price of $0.304821 for the year.

2. FreeDum Fighters (DUM)

FreeDum Fighters is a cryptocurrency project that mixes storytelling and political themes. It features characters like “MAGATRON,” inspired by former President Trump. The project’s DUM token is an ERC-20 token on the Ethereum blockchain. As a proof-of-stake (PoS) asset, DUM allows holders to stake their tokens and earn passive income.

This feature may be of interest to people who are looking for rewards without actively trading their tokens. The project offers simple staking rewards to encourage users to hold on to their DUM tokens. Additionally, there are two reward pools based on investor choices, adding a level of interactivity to the staking process.

FreeDum Fighters describes itself as community-oriented and aimed at bringing attention to the upcoming US presidential election. By combining blockchain technology with political themes, it seeks to connect with people interested in cryptocurrency and political issues. FreeDum Fighters raised over $590,000 during its presale, with each token valued at $0.000085.

The 600,000 are getting closer!

Let’s keep pushing the Fighters 🏎️ pic.twitter.com/52XNfh1LBQ

– FreeDum Fighters (@Freedum_Fighter) November 17, 2024

This early fundraising indicates some interest from investors and potential for future growth. Like the DUM As the project develops, its connection to political events can influence participation and engagement. However, its success will depend on how it maintains user interest and adapts to market developments.

Visit the FreeDum Fighters presale

3. Akash Network (AKT)

Akash Network (AKT) has seen notable growth, with a 19.89% price increase in the last hour, bringing its value to $3.90. Its market capitalization reached $968 million, reflecting increased market activity.

This rise follows Binance Futures’ announcement of support for AKT and a technical price breakout, which contributed to its recent momentum. The token is trading 289.69% above its 200-day simple moving average (SMA) of $1.0128, indicating a strong uptrend.

Additionally, the token’s 14-day relative strength index (RSI) is at 57.04, suggesting neutral market conditions and potential for lateral price movement in the near term. The Fear & Greed Index shows a reading of 83, indicating a high level of market optimism.

Over the past 30 days, Akash Network has experienced 18 green trading days, reflecting consistent positive performance. Its 24-hour volume-to-market cap ratio stands at 0.1365, suggesting strong liquidity relative to its market size. Although current indicators indicate continued interest in decentralized infrastructure tokens, market conditions and investor sentiment will likely influence its next moves.

4. Polka dot (POINT)

Polkadot Blockchain Academy announced PBA-X, a new initiative to advance Web3 education. Designed as a four-week, part-time online course, PBA-X targets people new to blockchain technology, offering structured knowledge to help them enter the Web3 space. The program begins January 6 and is open to everyone, regardless of prior experience or geographic location.

The course focuses on democratizing access to high-quality blockchain education, potentially filling gaps in technical understanding for a wider audience. Participants will develop fundamental skills for further exploration of blockchain and decentralized technologies.

Meanwhile, Polkadot has recently seen significant growth in adoption by new users. As of mid-October, the platform had an average of 1,000 to 2,000 new accounts daily. On November 10, that number reached 5,188 new accounts, a 150% week-over-week increase. This growth could come from improving market conditions, increased awareness, or network updates. The network’s ability to attract users suggests increased interest in its ecosystem.

The decentralized governance of Polkadot…

It’s second to none, and perhaps no one understands its dynamics better than the governance gigabrain @alice_und_bob

Hear about his Web3 journey, his governance philosophy, and his ideas for increasing DOT holder voting participation.

Watch now ⤵️

– Polka Dot (@Polkadot) November 17, 2024

Polkadot’s unique focus on interoperability and scalable blockchain solutions continues to attract attention, particularly as Web3 adoption gains momentum globally. Meanwhile, DOT has shown a notable price recovery in recent weeks. After a prolonged slowdown throughout the summer, DOT reached its lowest point in late July and early August.

However, the token started to recover in late October, showing an upward trajectory. In early November, the price of DOT rose above $5, reflecting renewed investor interest. Currently valued at $5.78, DOT recorded an intraday gain of 5.06%. The recent rally aligns with broader cryptocurrency market trends and increased activity within the Polkadot ecosystem.

5. Quant (QNT)

Quant (QNT) has shown strong performance recently, with its price increasing by almost 10% in the last 24 hours, pushing its market cap above $1 billion. At the time of writing, the price of QNT was around $87, reflecting a 29.14% increase over the past week.

This notable improvement, particularly in relation to its symbolic selling price, suggests solid growth. The coin also exhibits good liquidity, with a 24-hour trading volume to market capitalization ratio of 0.1260, indicating healthy market activity.

Meanwhile, the 14-day relative strength index (RSI) stands at 55.50, indicating a neutral market condition. This suggests that even if the coin is not overbought, it could continue to trade sideways. Market sentiment around the QNT token is bullish.

Looking ahead to November, forecasts suggest that Quant’s price could fall to $81.02, possibly between $73.93 and $87.57. This could present an opportunity, with a potential gain of 15.72% if investors buy at the current price.

For December, Quant price is expected to trade between $78.78 and $90.48. This would represent a slight decline of around -3.81% from the current price. Short sellers could make a potential profit of around 10.19% if the price moves as expected.

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