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- Bitwise launches Aptos Staking ETP, potentially driving increased demand and price growth.
- Floki surges 128%, with the MONKY launch fueling potential for further gains.
- Solana’s fast, scalable blockchain attracts more developers, boosting demand for the SOL token.
November 2024 has brought some exciting price movements. Bitcoin reached a new ATH, while several altcoins are showing potential for big gains. Some are climbing to new price levels, while others are gearing up for major events. Analysts are watching three altcoins closely this week. Each one has upcoming milestones that could spark growth.
Aptos (APT)
Source: Trading View
Aptos is holding above $10.92, an important price level. This marks the 61.8% Fibonacci Retracement line, often seen as support in a bull market. Additionally, Bitwise is launching the first-ever Aptos Staking ETP, which could increase APT’s demand. If momentum builds, Aptos could break past $14.05 and keep climbing. However, a drop below $10.92 could change the outlook. If that happens, the price might fall to $9.15, raising concerns for investors.
Floki Inu (FLOKI)
Source: Trading View
Floki Inu has jumped 128% in the last two weeks. The current price is $0.0002670, and a further rise is possible if the resistance at $0.0002776 breaks. A major event for Floki is the launch of the MONKY memecoin on November 21, 2024. This launch, in partnership with Animoca Brands’ Forj and supported by ApeCoin and Bored Ape Yacht Club, could drive interest in Floki. As per technical analysis, Floki could reach $0.0003138 if momentum continues.
Solana (SOL)
Source: Trading View
Solana Blockchain is popular for speed and scalability. Unlike other platforms like Ethereum, Solana doesn’t rely on sharding or second-layer solutions. This allows for fast transactions and flexibility in development. As more decentralized applications (dapps) migrate to Solana, demand for the SOL token could rise. Developers and investors are paying attention to this high-capacity network. The increased use of Solana may push SOL prices higher.
In this third week of November 2024, Aptos, Floki, and Solana are posting significant returns. Aptos may rise with the launch of its staking ETP. Floki has potential with its upcoming $MONKY launch. Solana’s scalability is attracting more developers and investors, boosting demand for SOL.