Hedera Hashgraph was one of the best-performing cryptocurrencies on Friday, November 15, as a popular crypto analyst made his bullish case.

Hedera Hashgraph (HBAR) price rose to $0.0767, its highest level since July 17, and 66% above its lowest level this month. 

In an X post, a trader known as Maverick, who has over 145,000 followers, said that HBAR’s climb had just begun. He believes that it can surge to the year-to-date high of $0.1813, which is about 182% higher than the current level.

Maverick cites the rising Hedera Hashgraph’s volume and the recent application of a spot ETF by Canary Capital as a potential catalyst. There is a likelihood that Donald Trump’s Securities and Exchange Commission would easily approve such an ETF.

Another potential catalyst for Hedera Hashgraph is that its futures open interest has been in a strong uptrend. It jumped to $66.7 million, up from $26.6 million in September, a sign that it is seeing strong demand.

Still, Hedera Hashgraph has numerous challenges. For one, while it counts large companies like Ubisoft, Dell, Boeing, Google, and Deutsche Bank as members of its governance council, its ecosystem is fairly small. 

For example, it has a DeFi total value locked of just $44 million, making it much smaller than newer blockchains like Sui and Base Blockchain. DEX networks in its ecosystem handled tokens worth $35.4 million in the last seven days, making it the 32nd biggest chain in the industry.

HBAR price could hit $0.1 soon

The daily chart shows that the Hedera Hashgraph price has bounced back in the past few days. This recovery happened after it formed a double-bottom pattern around the support at $0.045. In most periods, this is one of the most bullish patterns in the market.

Hedera has also soared above the key resistance level at $0.063, the neckline of this pattern. It has also jumped above the 50-day and 200-day moving averages. 

Therefore, the path of the least resistance for the coin is bullish, with the next psychological level to watch being at $0.10, which is about 45% above the current level. The stop-loss of this trade will be at $0.055.

The cryptocurrency market is heating this November, spotlighting promising Ethereum tokens to buy for potentially monumental returns. Several tokens are drawing significant interest due to recent price surges, with investors eager to turn a modest $1k to $1M investment into substantial gains amid a strong market upswing.

Top 5 Ethereum Tokens to Buy This Month for Huge Returns

The crypto market shines optimistically as Bitcoin reaches an all-time high of $90K, while Ethereum surpasses $3,100. Investors are eyeing top Ethereum-based tokens, seeking substantial gains. Here are the top 5 tokens worth considering this month.

Pepe (PEPE)

Pepe (PEPE), a popular meme crypto on Ethereum, has captured attention with a massive 1882% surge over the past year. The latest PEPE price is at $0.00002255. It showed impressive gains this November, reaching an all-time high on November 14. This achievement places it among the top five Ethereum tokens to buy, poised to transform $1,000 into $1 million this month. 

Bullish momentum reminiscent of May’s highs has traders eager, especially with potential gains rotating from Dogecoin (DOGE). Anticipation of a Coinbase listing could propel PEPE further, with its market cap briefly touching $10 billion after a 75% single-day surge.

🚀 $PEPE Breaks the Internet! $PEPE surged 75% in one day, briefly catapulting its market cap to a staggering $10B! 🐸

💥 Is the meme magic back in full force?

#PEPE #MemeCoins #CryptoSurge

— Crypto News (CoinGape) (@CoinGapeMedia) November 14, 2024

Aureal One

Aureal One has launched its much-anticipated cryptocurrency presale, drawing significant investor attention with its pioneering metaverse platform. Combining blockchain technology with immersive virtual experiences, Aureal One creates a seamless blend of gaming, the metaverse, and real-life applications within a single ecosystem.

 At the heart of its platform are two innovative projects, DarkLume and Clash of Tiles, which leverage the Aureal One Blockchain’s advanced features to offer dynamic, interactive experiences. This venture promises to foster growth, connectivity, and meaningful engagement in the metaverse, positioning Aureal One as an appealing choice for investors in the expanding realms of virtual reality and blockchain technology.

Shiba Inu (SHIB)

Shiba Inu (SHIB), an Ethereum-based cryptocurrency, has made remarkable strides in decentralized finance. Over the past year, the SHIB price has risen by 204%, now trading at $0.00002512. This impressive growth stems from increasing trading volumes, strategic token burns, and the launch of Shibarium, a layer-2 blockchain solution. 

Recent data shows that in the last 24 hours, 7.46 million tokens were burned, reflecting a 42.16% drop. Weekly burns reached 626 million tokens, down by 89.14%. These developments highlight SHIB’s potential for substantial gains, positioning it as an appealing choice for investors seeking high returns.

HOURLY SHIB UPDATE$SHIB Price: $0.00002573 (1hr 1.71% ▲ | 24hr 5.29% ▲ )
Market Cap: $15,108,962,866 (4.63% ▲)
Total Supply: 589,262,218,519,602

TOKENS BURNT
Past 24Hrs: 7,465,076 (-42.16% ▼)
Past 7 Days: 626,425,084 (-89.14% ▼)

— Shibburn (@shibburn) November 14, 2024

Render (RNDR) 

Render (RNDR) is transforming digital content creation with its decentralized network, enabling GPU owners with unused capacity to support those needing rendering services. Powered by OctaneRender, the platform has experienced remarkable growth, with RNDR’s price surging by 210% this year, reaching $6.92. 

This significant rise places Render among the top Ethereum tokens to watch for potentially substantial returns. If the bullish trend continues, Render could soon surpass $7 and possibly reach $8 or even $10, promising strong momentum in the near term for investors.

Arbitrum (ARB)

Arbitrum (ARB), a leading Layer 2 solution, enhances Ethereum’s performance by using optimistic rollups, boosting transaction speeds, and lowering costs. Leveraging Ethereum’s robust security framework, ARB offers efficiency gains, making it a promising Ethereum token to buy. 

The ARB price has recently climbed by 3%, reaching $0.5986, highlighting its growing appeal among Ethereum-linked investments. ARB has joined the Top 5 Ethereum Tokens to Buy, with $1,000 potentially turning into $1 million this November. The platform’s Total Value Locked (TVL) is also increasing, signaling a promising trajectory for Arbitrum in the digital currency space.

Ethereum tokens to buy in November have captured investor interest due to strong bullish trends and high-return potential. This trend signals promising opportunities for those aiming to amplify their investments, making Ethereum tokens an appealing choice in the quest to turn $1K into $1M.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.