There has been a remarkable trend in the crypto market lately. Investors are moving away from altcoin projects and quickly turning to meme coin projects. The fact that some meme coins have increased by up to 1000% this month has increased the curiosity in the sector for November. Analysts continue to make predictions about meme coins. Here are 5 meme coins to follow in November according to analysts.
First on the List Meme Coin: Goatseus Maximus (GOAT)
GOAT coin attracted attention with a 1,012 percent increase in the last month. With this increase, it reached a new peak of $ 0.902. This rapid rise has attracted the attention of meme coin investors in particular. If the upward momentum continues, we may see another new peak in November.
However, if investors start selling for profit, the price of GOAT will drop to the support level at $0.466. A drop below this level will shake the bullish expectations and cause investors to adopt a more cautious stance.
Popcat (POPCAT) is second on the list.
POPCAT, which rose 60 percent this month to $1.67, has shown one of the most successful performances among Solana-based meme coins. Investors’ interest is bringing POPCAT to the forefront of watch lists. In addition, if this interest continues in November, the price will approach the $2.00 level.
However, if investors sell to take profits, the price will drop to the $1.00 level, which will overshadow POPCAT’s positive outlook.
3. Next Meme Coin Simon’s Cat (CAT)
Although the CAT coin price has been fluctuating since the beginning of this month, it has not given up on its goal of a new peak. Investors are expecting a strong rise for CAT, which is currently 33.5 percent behind its peak of $ 0.00004650. If this momentum is maintained, CAT will reach new record levels.
However, if it breaks below the $0.00003410 support level, CAT’s bullish prospects may weaken and the price may drop to the $0.00002807 level.
4. Next in line is SPX6900 (SPX)
The SPX coin has risen by 475 percent in the last four weeks to a new high of $1,198. This rise has attracted the attention of investors and gives hope that it could reach a new high in November. SPX has gained another 12 percent in the last 24 hours and is showing strong upward momentum.
However, if market conditions turn bearish, the SPX price will drop below the $0.704 support level, invalidating bullish expectations.
Last on the List: Meme Coin Gigachad (GIGA)
GIGA coin has increased by 129% in the last month to $0.055. It has also reached two new highs in the process. GIGA has the potential to reach a new high in November as its popularity increases in the meme coin community.
As long as demand for GIGA continues, positive price movements are likely to carry over into November. As we reported at Kriptokoin.com, meme coin projects are volatile assets. Therefore, it is important for investors to do their own research and be aware of the risks.
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