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Polygon and Five Additional Altcoins Are Towering Above the Rest in November, According to Crypto Trader Luke Martin

Analytics

dailyhodl.com 08 November 2022 10:56, UTC
  
Reading time: ~2 m

Popular crypto trader Luke Martin says six altcoins, including blockchain scaling solution Polygon (MATIC), are the ones to watch this month.

Martin tells his 320,900 Twitter followers that after last week’s rally, altcoins won’t go up in a straight line, could endure pullbacks and could “range for a while.”

Still, he says the price action last week indicated which coins “deserve to be on the watchlist for November if a nice dip presents itself.”

First on the list is Arweave (AR), a decentralized data storage network. Arweave’s native token, AR, surged from trading around $10.00 on November 2nd to a high of $17.47 that same day. The 72nd-ranked crypto asset by market cap has since pulled back and is trading at $12.80 at time of writing.

Next up is the utility token for the crypto exchange OKEx (OKB). OKB went from trading around $16.35 on November 3rd to a high of $23.88 on Tuesday. The 17th-ranked crypto asset by market cap is valued at $22.24 at time of writing.

Third on the list is Polygon. MATIC was trading around $0.85 on November 2nd and increased to a high of $1.28 yesterday. The 10th-ranked crypto asset by market cap has given up some of its gains and is changing hands for $1.18 at time of writing.

Chiliz (CHZ), a platform for tokenizing sports and esports in order to encourage fan engagement, is next on the list. The 41st-ranked crypto asset by market cap was trading around $0.23 on November 2nd and shot up to a high of more than $0.295 on Tuesday. CHZ is changing hands at $0.255 at time of writing.

Fifth on the list is Loopring (LRC), an Ethereum (ETH)-based token that allows for building decentralized exchanges using zero-knowledge proofs. LRC went from trading around $0.275 on November 3rd to a high of more than $0.41 the following day. The 107th-ranked crypto asset by market cap has retraced since positing its recent high and is swapping hands for $0.30 at time of writing.

Last on the list is Optimism (OP), a layer-2 (L2) scaling solution for Ethereum. OP was trading around $0.96 on November 2nd and surged to a high of $1.38 on November 5th. The 148th-ranked crypto asset by market cap is trading at $1.19 at time of writing.

Source: Luke Martin/Twitter

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