Best Crypto to Buy Now November 2 – Aave, Solana, The Sandbox
With Bitcoin still trying to surmount the $35,000 level, analysts have flagged Aave (AAVE), Solana (SOL), The Sandbox (SAND), Bitcoin Minetrix (BTCMTX), and Meme Kombat (MK) as some of the best crypto to buy now.
AAVE stalled after an 86% surge earlier this year, trading sideways for much of 2023.
Renewed upside momentum emerged in mid-September, however, propelling AAVE toward the $100 resistance level for the first time since August 2022. Breaching this key barrier after months of consolidation suggests further gains may lie ahead if bullish momentum persists.
AAVE appears well-positioned to recapture previous highs by end-of-year, underpinned by its widely accepted status as a leading decentralized finance protocol.
With core utility in crypto lending and liquidity pools, AAVE stands to benefit as the adoption of DeFi accelerates.
Solana (SOL) also had a strong October, with its price spiking nearly 80% to reach a high of $38.62 on October 31. A potential factor driving the price was Solana’s annual Breakpoint conference from October 30 to November 3, where several key announcements were made.
1/ What a kickoff for #Breakpoint2023!
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