XRP, Injective (INJ), eCash (XEC), Hedera (HBAR), and the Graph (GRT) are altcoins that have exciting developments happening in November that could impact their prices. XRP is expected to receive attention due to the upcoming Ripple Swell conference in Dubai, where rumors of an IPO announcement or a VARA license application in the UAE may be made. The XRP price has broken out from a descending resistance trendline and is currently trading in an interesting area between resistance levels. A successful breakout could lead to a 35% price increase, while a rejection could result in a 23% drop.
Injective (INJ) will launch its first-ever NFT collection on November 11, which will contribute to the burning of INJ tokens. This mechanism can positively impact the price by reducing supply. The price action for INJ is bullish according to the Elliott Wave count, with a potential target at $25 and a resistance level at $36.50 if the rally continues.
eCash (XEC) will see a network upgrade on November 15, introducing staking rewards and increasing the miner fund block reward. The XEC price has broken above a horizontal area and could see further resistance levels if the increase continues. However, a close below the support area could result in a significant drop.
Hedera (HBAR) will co-host an event on November 14 to unveil new decentralized business solutions. The HBAR price is trading at a critical resistance level, and a breakout could lead to a 30% increase.
The Graph (GRT) has teased a big announcement on November 7, and they will also host Datapalooza on November 13. The GRT price has broken out from a descending resistance trendline and is currently trading just below a resistance area. A breakout could result in another 25% increase, while a rejection could trigger a 30% drop.
Overall, these altcoins have interesting developments lined up in November that could impact their prices. Keep an eye on these projects for potential opportunities.
Hot Take: Altcoins with Exciting Developments in November
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