Cryptocurrencies such as NEO, KuCoin and Aave have benefited from recent developments in the project. Last week, the price of the NEO token rose more than 16% to $13.44, making it one of the best cryptocurrencies to buy right now.
Meanwhile, the KuCoin exchange's home token KCS surged 22% this week to hit a new multi-month high. This momentum followed a breakout of the ascending triangle pattern that began to form in late August. Ave Token has since strengthened to the $95 level as it targets a resistance test at $100.
At the same time , the TG.Casino and yPredict cryptocurrency pre-sales give investors an early look at new blockchain projects before they are fully launched. By evaluating both existing altcoins and new cryptocurrencies, investors can identify opportunities that best suit their needs and risks.
The best cryptocurrencies to buy in the news
The Neo token surged 27% to $13.44 last week after founder Da Hongfei announced a new sidechain expected to ease concerns about the potential value of the mining industry.
Sidechain aims to improve security and usability through the Neo DBFT protocol.
Despite the downtrend since February, Neo rebounded at the end of October, posting a massive 120% year-to-date gain.
Analysts suggest that the $16 resistance zone could be tested based on strong momentum. But some are wary of potential rises around $17.
In addition, strategic listing and delisting decisions have put the KuCoin exchange in the spotlight, especially the recent addition of Celestia.
The exchange also published an analysis of growing crypto nodes. The KuCoin token is currently trading at $5,636 based on the latest earnings forecast.
Improvements such as pre-sale trading reflect KuCoin's expanding range of services.
Aave saw renewed interest after the token holder vote, leading to an initial increase from $61 to $90.
The price briefly corrected to $75, but reached $100 for the first time since August 2022.
Ave is currently trading around $95, up 7% from the previous day. The new $100 test will be available in the coming days.
Regarding the potential of the startup, the current pre-sale of TG.Casino and yPredict cryptocurrencies are also considered as another top cryptocurrencies to buy now.
With promising project developments and an encouraging technical outlook, these cryptocurrencies are worth monitoring in the coming weeks.
NEO price prediction. Can it continue its incredible growth?
NEO price has been in incredible shape in November, rising over 16% in yesterday's trading session alone. This is the cryptocurrency's biggest one-day move in a 16-day rally.
As NEO price reaches an immediate resistance level, it looks like it may consolidate around current prices or decline in the coming days before holding higher.
NEO currently has a 20 day EMA of $9.62 and a 50 day EMA of $8.44. A faster moving average than a slower one indicates an improvement in the move. However, given that NEO has rallied more than 100% in just a few weeks, it wouldn't be surprising if it returns to testing support again.
The RSI is moving at an overbought level of 85.80, up slightly from yesterday's 85.21. NEO is at its highest overbought level since February and a continued cooling is likely.
The MACD histogram rose to 0.49 from yesterday's 0.42. However, these higher levels combined with the rising RSI suggest that the trend may be bearish, albeit higher.
NEO is up 1.97% to $13.44 today, currently trading between the immediate support zone of $13.36 to $14.20. This zone corresponds to the .236 Fibonacci level at $13.36. There will likely be a lot of sales pressure around this technical coverage.
On the downside, initial support lies between $11.63 and $12.05, with the .382 Fib providing strong support at $12.05. As long as NEO remains above this zone, the overall uptrend remains intact despite short-term reversals.
Although the energy compression is obvious, the ear extension technique emphasizes the importance of caution at these levels. NEO price may be due for a healthy convergence of key support and resistance levels before the next move higher.
Traders should look for a critical resistance break at $14.20 or a support break at $12 to signal the next big move.
The price of KuCoin KCS is up 22%, setting new multi-month highs
The price of KCS has risen significantly over the past week, ticking over 22% to a new multi-month high.
This increase appears to be due to the breakdown of the triangle formation that has developed since late August.
KCS is currently trading around $5.64, well above the 20-day EMA of $4.91 and the 50-day EMA of $4.75.
This indicates that the short to medium term trend is upwards.
Moreover, the 100-day EMA is at $4.65, confirming the long-term bullish momentum.
The KCS RSI rose to 88.33 today from 84.95.
This indicates that although the token is in overbought territory, buyer enthusiasm is increasing.
However, such high RSI levels can often be preceded by a minor pullback or consolidation.
The MACD histogram rose to 0.093, significantly higher than yesterday's 0.051.
This indicates a growing bullish momentum that could push the KCS price higher.
As KCS price breaks the current resistance zones of $5.58 to $5.65 and $5.50 to $5.52, the bulls remain in control.
On the pullback, the first support level was set at $5.29, the .382 Fibonacci level. Below this level, the 0.5 Fibonacci level may emerge at $5.14.
Overall, the technical picture for KCS is very bullish in the short and long term.
While overbought conditions suggest a minor pullback is possible, a break of key resistance suggests further gains are possible.
If the positive momentum can be maintained, the KCS bulls will target the psychological $6 level next.
AAVE breaks price resistance and reaches $100
After consolidation over the past 3 days, Aave (AAVE) price broke above the key 0.382 Fibonacci retracement level at $86.84 and is currently trading at $95.49, up 7.18% today.
AAVE tries to get out of the protection zone and continues to increase its number.
Despite some selling pressure as AAVE hit an intraday high of $99.59, the cryptocurrency looks poised to maintain its bullish momentum with today's price action.
A retest of the $100 psychological level looks quite possible in the coming days.
The 20-day EMA for AAVE is $82.74, which is higher than the 50-day EMA of $74.18.
Since the short-term EMA is higher than the long-term EMA, it is generally considered a bullish indicator.
The RSI is currently at 71.70 compared to yesterday's 66.07. As the RSI approaches the overbought zone, the AAVE price may have to pull back a bit before going higher.
The MACD histogram is at 0.80 from the previous day's 0.64, indicating bullish momentum that could boost AAVE's price.
AAVE faces immediate resistance at $91.95 to $95.63, which corresponds to the 0.236 Fib level at $92.93.
Continuous trade in this area ensures separation.
Immediate support is at $86.84 at the .382 Fib level, which has held for the past 3 days.
As long as this level continues to provide support, AAVE can remain high.
As NEO, KCS and AAVE show technical momentum, investors are also exploring new cryptocurrency projects that can bring in profits.
TG.Casino and the yPredict presale offer attractive value propositions for early entrants willing to take calculated risk.
Explore Bitcoin Options
Bitcoin has long dominated the cryptocurrency market, but its position as the leading cryptocurrency is no longer undisputed.
With thousands of cryptocurrencies available, savvy investors can anticipate the next big thing in blockchain technology.
The key is to identify and invest in Bitcoin variants that could be the big hits of tomorrow.
While many look for established altcoins, the real wealth of cryptocurrencies comes from the early exposure of revolutionary crypto projects.
Instead of chasing established altcoins, smart crypto investors are looking for promising projects that show the future of blockchain technology.
Two examples: TG.Casino and yPredict.
By exploring these and other promising Bitcoin options, early-stage investors have the best opportunity for growth compared to Bitcoin.
Now is the time to dive into the next blockchain developments before mainstream adoption begins.
Why TG.Casino's $TGC token is the best thing crypto casino enthusiasts can buy right now
Set to launch in 2024, TG.Casino plans to boost the multi-billion dollar casino industry by integrating decentralized crypto gaming capabilities directly into the Telegram app.
Although the current crypto casino industry is only valued at $850 million, TG.Casino believes that with its unique approach it will be able to capture a significant portion of the overall casino market.
The project is currently raising funds through a cryptocurrency presale, and its ERC-20 $TGC token is priced at $0.15.
The presale raised more than $1.74 million, nearly reaching its goal of $2.5 million.
Several cryptocurrency influencers have expressed hope for the project, highlighting the benefits of accessing casino games directly on Telegram without the need for account creation or KYC.
They believe that the ease of use attracts users to the platform.
The $TGC token aims to leverage services with rewards, access to exclusive games, high yield products and cashback for users.
In addition, part of the casino's profit is used to buy and burn tokens for the owners.
With a focus on user experience, tokenization and decentralization, TG.Casino aims to solve the main problems facing the modern casino industry.
If successful, it could further disrupt the traditional casino industry by bringing blockchain technology into the mainstream.
For now, the project remains in fundraising mode as it prepares to launch in 2024.
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yPredict AI-powered insights; Find the best cryptocurrencies to buy now
yPredict's presale countdown comes to an end as the AI-powered cryptanalytic platform has raised more than $4.65 million toward its fundraising goal for a $6.5 million project.
yPredict is building an AI-powered ecosystem to provide personalized predictive analytics and trading tools for dynamic cryptocurrency markets.
The platform combines machine learning techniques such as ARIMA with statistical models such as LSTM and SVM to enable dynamic price prediction.
The presale gives investors an early chance to get $YPRED tokens before the project is fully launched.
As an incentive, presale token holders will receive 45% higher rewards every quarter.
The reward system will distribute 10% of the revenue from each new subscription to the yPredict platform.
The pre-sale accepts purchases in various cryptocurrencies including Ethereum, Matic, Binance Coin (BNB) and USDT.
Investors can link their crypto wallet and make direct purchases on the yPredict website.
yPredict is at the intersection of two fast-growing industries: cryptocurrency and artificial intelligence.
As these industries continue to grow, the platforms that connect them offer growth potential.
The ongoing presale will provide transparency and early participation from interested investors as yPredict develops its technology and ecosystem.
In addition to the core prediction engine, yPredict plans to offer brands, educational content, chats and more.
The team aims to provide cryptocurrency traders with a comprehensive solution for accessing AI-based data analytics and automation tools.
After the pre-sale ends, investors will have the opportunity to get one of the best buys in cryptocurrency before the full launch.
yPredict highlights the reward system and planned feature set as the main reason to participate.
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Warning: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and is not investment advice. You can lose all your capital