Analysis of 3 Tokens with Upside Potential in November

3 Tokens with Potential for Rise in November

The fluctuations in the altcoin market have left behind a period of moderate market conditions in October. In November, signs of improving market sentiment are attracting the attention of investors. Interest rate cuts and increasing liquidity may provide recovery opportunities for many tokens.

Chainlink: A Candidate for Recovery

Chainlink stands out as one of the strongest candidates for recovery in November. After a decline of over 15% in October, Chainlink has exhibited weak performance, drawing attention with its structure and whale activity. On-chain data shows that mega whales have increased their holdings by 1.84%, reaching a total of 634.22 million LINK.

Ray Youssef, the founder of NoOnes, states that the accumulated holdings enhancing Chainlink’s potential serve as an important indicator for the upcoming period. A structural break above $18.70 gives signals that LINK may enter an upward trend.

Litecoin: The ETF Story and Resurgence

The recent ETF story of Litecoin has gained significant momentum. Following the launch of the Canary Litecoin ETF (LTCC), its organic volume surpassed $1.1 million in just two hours, marking a record pace. However, LTC’s price has dropped by over 7% in the last 24 hours and over 20% in the past month. 

Renewed buying interest on-chain indicates that the altcoin may gain value in November. "Sharks" holding 10,000-100,000 LTC and "dolphins" with 1,000-10,000 LTC have increased their holdings, accumulating a total of approximately $10.7 million worth of 110,000 LTC.

Uniswap: Showing Upward Signals

After experiencing a decline of over 20% in October, Uniswap is showing recovery signals in November. Whale wallets holding between 100,000 and 1 million UNI have increased their positions by 7.96%, reaching a total of 8.05 million UNI, while mega whales increased by 0.25% to a total of 813.02 million UNI.

The accumulation of approximately 2.62 million UNI worth around $16.6 million by these groups at the current price indicates growing confidence that Uniswap’s price structure may soon rise. The potential of these three tokens in November presents an opportunity that investors should closely monitor.

The information provided here does not constitute investment advice and is for informational purposes only.