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October was a wild month for crypto: Bitcoin shot up to a record $126,300, then fell abruptly to around $103,500. Most of the other coins saw massive ups and downs: from prices reaching multi-month highs to a crash on October 11 and then bouncing back with double-digit gains. And now that November has begun, many traders will be watching closely for the next big moves.
Top 3 cryptos to buy for big gains in November
XRP
One of the most talked-about coins right now is Ripple (XRP). Even though it’s still in a weak phase, many believe it could perform well in November. The main reason is that the US Securities and Exchange Commission (SEC) has started approving new crypto ETFs. Despite government delays, ETFs for Solana, Hedera, and Litecoin were given the green light. Ripple has several major filings from big names like Franklin Templeton, Bitwise, Invesco, and Canary Capital.
If the SEC approves these XRP-related ETFs this month, more investors could jump in, which may boost its price. Not every altcoin ETF has driven in big money, such as Litecoin, but strong inflows are expected into XRP. Existing XRP funds already have between $115 million and $300 million in assets. Ripple’s new stablecoin, RLUSD, is also expected to cross $1 billion soon, while Ripple Labs is close to finishing a big buyout deal with GTreasury. These events could further strengthen XRP’s position in November.
BNB (Binance Coin)
Another strong choice for this month is Binance Coin. Already ranking among the largest digital coins, its market value has climbed above $150 billion. The Binance network has recently become more active; that means higher commissions and more burning of tokens. This reduces supply and could drive prices upward. According to data provided by Nansen, in the last month alone, Binance earned more than $70 million. Besides, the company keeps burning more than $1 billion worth of tokens quarterly, intending to cut down the quantity of coins to 100 million. With rumours of possible Binance Coin ETF approval, traders believe BNB will continue to rise further this month.
SOL (Solana)
Then there’s Solana (SOL), which has had a tough few days. In all, the coin is down over 27% since the September high. But its ETFs look good. According to data from SoSoValue, Bitwise and Grayscale have piled up over $154 million between the two since their respective Solana ETFs hit shelves three days ago. That number could further climb in November when several other Solana ETFs are expected to get approved. The Solana network is growing fast in some other areas too, like decentralized exchanges and stablecoins, and the rewards and staking activity is on the rise.
In other words, despite October’s rollercoaster ride, this coming November might bring strong opportunities for those coins: XRP, BNB, and SOL. Investors are closely eyeing ETF approvals, network growth, and fund inflows to spot the next big winners.
Disclaimer – The information provided in this article is solely for educational and informative purposes. The contents of this article should not be considered as financial or investment advice. Cryptocurrency markets are highly volatile, with prices that can fluctuate rapidly. Always do your independent research and consult with a qualified financial advisor before making any investment decisions. Neither the author nor the publisher accepts any liability for potential losses and/or damages arising from using this information.