By early November, the cryptocurrency market has become more active: traders are anticipating new incentives for capital movement and hoping for a surge in activity around certain projects. BeInCrypto analysts have studied social media discussions and identified several digital assets that could see growth in the coming weeks.
XRP: The Effect of the Anticipated ETF
A key driver for XRP was the launch of a spot ETF, scheduled for November 13. This move could significantly increase liquidity and attract new institutional participants. At press time, the coin is trading around $2.41. Analysts believe the launch of the ETF could trigger a short-term rally, but warn of potential volatility and a "sell the news" scenario, where investors lock in profits immediately after positive developments.
Solana: A Capital Attraction
Solana remains one of the most popular platforms, especially amid the redistribution of funds from BTC and ETH. Approximately $118 million has flowed into SOL-related funds in the past week, and over $2.1 billion in the past nine weeks. The coin's current price is approximately $158.28. Thanks to its high transaction speeds and scalability, Solana is perceived as a technologically advanced blockchain that is becoming increasingly attractive to institutional investors. However, experts note the risk of a correction following significant inflows.
Zcash: Growing Interest in Privacy
ZEC has become a hot commodity due to growing demand for anonymous transactions. After rising from $74 to $723 in October, the price has retreated to $475.38, but interest in the asset remains. Analysts believe the privacy trend will support demand, although regulatory news could still cause sharp price fluctuations.
Bitcoin: Limited Supply Supports Price
Bitcoin remains a key market asset despite temporary fund outflows. Its shortage on exchanges and active accumulation by large holders create the preconditions for growth. BTC is trading around $104,645. Experts note that limited supply and reduced short-term seller activity could be factors for stabilization, although pressure from short-selling products remains.
Ethereum: The Role of Layer 2 Infrastructure
Ethereum is trading around $3,490 and remains the foundation for DeFi and NFT services. However, investor attention has partially shifted to Solana. The development of Layer 2 (L2) solutions could support network activity and strengthen ETH's position in the medium term, despite increased competition among fast blockchains.
Results
November has seen an active capital redistribution: flows are shifting away from BTC and ETH to SOL, XRP is gaining momentum thanks to an ETF, and ZEC is strengthening its position on the wave of interest in privacy. The main risks of the month are volatility, profit-taking, and fluctuations in institutional inflows, which could affect the movement of the entire market.