Best Cryptocurrencies to Invest in Right Now November 6 – THORChain, Conflux, Ethena

CoinMarketCap11-07 12:44

Bitcoin reached a record high of over $76,000, achieving this milestone shortly after breaking past $75,000. This surge is partly attributed to positive sentiment following Donald Trump’s reelection, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481917372?lang=en_US&edition=fundamental","thumbnail":"https://academy-public.coinmarketcap.com/srd-optimized-uploads/7ec91ced01914fceb4aa0cf3b5bc2ac2.jpeg","is_english":true,"pubTime":"2024-11-07 12:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481917372","market":"us","top_or_hot":-1,"title":"Best Cryptocurrencies to Invest in Right Now November 6 – THORChain, Conflux, Ethena","media":"CoinMarketCap","content":"<div>\n<p>Bitcoin reached a record high of over $76,000, achieving this milestone shortly after breaking past $75,000. This surge is partly attributed to positive sentiment following Donald Trump’s reelection, ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/672c45a85244f327c0467949/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Best Cryptocurrencies to Invest in Right Now November 6 – THORChain, Conflux, Ethena</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBest Cryptocurrencies to Invest in Right Now November 6 – THORChain, Conflux, Ethena\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 12:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/672c45a85244f327c0467949/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin reached a record high of over $76,000, achieving this milestone shortly after breaking past $75,000. This surge is partly attributed to positive sentiment following Donald Trump’s reelection, ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/672c45a85244f327c0467949/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/672c45a85244f327c0467949/","article_id":"2481917372","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/7ec91ced01914fceb4aa0cf3b5bc2ac2.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481917372","pubTimestamp":1730954663,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Bitcoin reached a record high of over $76,000, achieving this milestone shortly after breaking past $75,000. This surge is partly attributed to positive sentiment following Donald Trump’s reelection, with many in the cryptocurrency community expressing support for his return to the White House. This optimism appears to be driving Bitcoin’s upward trajectory and boosting investor confidence.This latest high has also spurred gains across other cryptocurrencies, lifting the broader digital asset market. Investors are eyeing this momentum as an opportunity, seeking promising assets for potential returns. This article analyzes the best cryptocurrencies to invest in right now.THORChain has recently partnered with Ledger to boost its decentralized swap functionality, allowing users to perform secure, non-custodial swaps. Meanwhile, Theta Labs has formed a multi-year partnership with the University of Oregon’s Distopia Laboratory, an AI research hub. FreeDum Fighters, with its unique concept a","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4150":"赌场与赌博","RSI":"Rush Street Interactive, Inc.","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4588":"碎股"},"translate_title":"目前最值得投资的加密货币11月6日–THORChain、Conflux、Ethena","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RSI":1},"content_text":"Bitcoin reached a record high of over $76,000, achieving this milestone shortly after breaking past $75,000. This surge is partly attributed to positive sentiment following Donald Trump’s reelection, with many in the cryptocurrency community expressing support for his return to the White House. This optimism appears to be driving Bitcoin’s upward trajectory and boosting investor confidence.\nThis latest high has also spurred gains across other cryptocurrencies, lifting the broader digital asset market. Investors are eyeing this momentum as an opportunity, seeking promising assets for potential returns. This article analyzes the best cryptocurrencies to invest in right now.\nBest Cryptocurrencies to Invest in Right Now\nTHORChain has recently partnered with Ledger to boost its decentralized swap functionality, allowing users to perform secure, non-custodial swaps. Meanwhile, Theta Labs has formed a multi-year partnership with the University of Oregon’s Distopia Laboratory, an AI research hub. FreeDum Fighters, with its unique concept and promising returns, has raised over $444,000 in its ongoing presale.\n1. THORChain (RUNE)\nTHORChain has recently partnered with Ledger to enhance its decentralized swap capabilities, enabling users to perform non-custodial swaps. This integration allows for exchanging assets such as $WBTC, $DAI, $USDC, $USDT, $ETH, and $BTC. Notably, THORChain aims to offer a trading experience with low slippage while eliminating the risks of miner extractable value (MEV) and frontrunning. This could benefit users who are making large transactions, especially in BTC.\nAs part of the collaboration, additional ERC-20 tokens will be supported in the future, further expanding the platform’s utility. Currently priced at $5.48, RUNE has surged by 18.93% over the past 24 hours and has achieved a monthly gain of 4.34%. Sentiment around the token remains bullish, with the Fear & Greed Index indicating a relatively high level of market confidence at 69 (greed). \n\nMeanwhile, THORChain supports native asset exchanges across nine blockchains, allowing users to trade assets directly on—chain, including Bitcoin, Ethereum, and stablecoins. Several performance indicators highlight the protocol’s recent momentum. \n\nCross-Chain swaps are fully rolled out in Ledger Live ⚡️\nBringing the next 100m users trading onchain with full self custody & security through Ledger’s hardware wallet\nPowered by THORChain and SwapKit https://t.co/VtZOh9B6fQ\n— THORChain (@THORChain) October 31, 2024\n\nTHORChain’s price has risen by 63% over the past year, and it currently trades above its 200-day simple moving average, suggesting a stable upward trend. The token has also outperformed its initial token sale price, with roughly half of the last month showing positive daily returns. \nFurthermore, RUNE demonstrates strong liquidity relative to its market cap and actively trades on major exchanges like Binance. Notably, its yearly inflation rate is slightly negative at -0.43%, which could further support price stability.\n2. Ethena (ENA)\nEthena is a digital dollar platform on the Ethereum blockchain that aims to provide an alternative to traditional banking. It offers a dollar-denominated savings option, known as the “Internet Bond,” designed to be accessible worldwide without relying on standard financial infrastructure.\nMoreover, Ethena’s ENA token is priced at $0.4364, showing a 26.13% increase over the past week. The token has observed 15 days of positive movement in the past month. Ethena has now exceeded its key resistance level of $0.4000. This recent breakout could potentially open the way for further price increases.\n\nThe Relative Strength Index (RSI) for Ethena is at 61, reflecting moderate bullish momentum that has not yet reached overbought levels. This leaves some potential for further gains before a pullback might occur. The token’s current RSI suggests that there could be room for additional upward movement, creating a setup that may favor gains in the short term.\nBroader trends may also influence Ethena’s outlook in the cryptocurrency market. With Bitcoin and other major cryptocurrencies experiencing a seasonal rally, Ethena could see positive effects from the wider market sentiment. \n3. Conflux (CFX)\nConflux is a public layer-1 blockchain designed to enhance decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. Its primary goals are to offer greater scalability, decentralization, and security than existing blockchain protocols. \nThe Conflux network is engineered to facilitate fast and efficient asset transfers with minimal network congestion and low transaction fees. At press time, CFX is exchanging hands at $0.1514, with a 24-hour trading volume of $277.02 million and a market capitalization of $685.09 million. The cryptocurrency has experienced a 10.14% increase in price over the last 24 hours. \n\nRegarding market sentiment, Conflux’s outlook is neutral. The Fear & Greed Index currently indicates a reading of 69, suggesting “greed.” Furthermore, Conflux also enjoys relatively high liquidity, with a volume-to-market-cap ratio of 0.4038. The market cap is $686.7 million, with a 24-hour trading volume of $277.32 million. \nThe 14-day Relative Strength Index (RSI) is at 53.41, indicating neutral market conditions, which could suggest that the price may remain stable or trade sideways in the near term. Meanwhile, Coincodex’s price prediction for Conflux suggests a potential rise of 230.53%, expected to reach $0.4933 within the next month.\n4. Theta Network (THETA)\nTheta Labs has entered into a multi-year partnership with the University of Oregon’s Distopia Laboratory, an artificial intelligence research facility. This collaboration, announced in a blog post on October 29, will be overseen by Assistant Professor Suyash Gupta from Distopia. The primary aim is integrating Theta’s EdgeCloud platform into the university’s AI model training.\n\nIn this collaboration, the University of Oregon will utilize EdgeCloud for its AI research, marking an important step in the growing use of decentralized cloud technology in academic projects. The partnership highlights the increasing role of blockchain-based technologies like Theta Network (THETA) in funding and supporting academic initiatives. \n\nTheta Labs has entered into a multi-year agreement with the University of Oregon’s Distopia Laboratory, led by Assistant Professor Suyash Gupta, to use Theta EdgeCloud for large scale AI model training and inference. Read more in the release blog here: https://t.co/27OrDL4RnJ pic.twitter.com/1QE7Oh7AsY\n— Theta Network (@Theta_Network) October 29, 2024\n\nFurthermore, Theta’s cryptocurrency ecosystem could provide significant financial backing for such endeavors. Theta Token is trading at $1.21, having increased by 12.02% in the last 24 hours. The token’s 24-hour trading volume is $40.06 million, indicating strong market interest. \nThe price of Theta Token is performing positively compared to its initial offering, with high liquidity and favorable returns in USD, BTC, and ETH. However, its 14-day Relative Strength Index (RSI) stands at 58.16, signaling a neutral market position, suggesting that the token may experience stable or sideways movement soon.\n5. FreeDum Fighters (DUM)\nFreeDum Fighters is a new meme coin project that blends political satire with investment opportunities. The project has raised over $444,000 in its ongoing presale, attracting attention due to its unique concept and potential for high returns. \nThe presale offers tokens at an initial price of $0.00007, with a tiered pricing model that increases as the presale progresses. This setup allows early investors to buy tokens at a lower price, offering the potential for gains if the token’s value rises when it is listed.\nA key feature of FreeDum Fighters is its staking option, which provides an annual percentage yield (APY) of up to 728.17%, depending on the staked character. This high yield is appealing but comes with risks, as the market’s volatility can affect the token’s value.\n\nIn addition to financial incentives, the DUM project includes community-driven features like weekly debates and airdrops. These debates allow participants to earn additional tokens based on their contributions, creating a gamified experience that encourages engagement and interaction.\nVisit FreeDum Fighters Presale\nRead More\n\nTop Crypto to Buy Now","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481917372"}