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bitcoin
Bitcoin (BITCOIN)
$100,862 -6.14%
ethereum
Ethereum (ETHEREUM)
$3,358 -8.35%
binancecoin
BNB (BINANCECOIN)
$923.93 -8.08%
solana
Solana (SOLANA)
$155.48 -8.31%
ripple
XRP (RIPPLE)
$2.22 -6.84%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000009 -6.86%
pepe
Pepe (PEPE)
$0.000005 -7.22%
bonk
Bonk (BONK)
$0.000012 -6.33%
bitcoin
Bitcoin (BITCOIN)
$100,862 -6.14%
ethereum
Ethereum (ETHEREUM)
$3,358 -8.35%
binancecoin
BNB (BINANCECOIN)
$923.93 -8.08%
solana
Solana (SOLANA)
$155.48 -8.31%
ripple
XRP (RIPPLE)
$2.22 -6.84%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000009 -6.86%
pepe
Pepe (PEPE)
$0.000005 -7.22%
bonk
Bonk (BONK)
$0.000012 -6.33%
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Best Altcoins to Invest in Today, November 4 - Virtuals Protocol, Chainlink, Arbitrum

Highlights:

  • The best altcoins to invest in today include VIRTUAL, LINK, and ARB, all showing potential despite recent market dips.
  • Virtuals Protocol could soar to $5 as it breaks past $1, backed by AI and Web3 use cases.
  • Chainlink is at a key price level, with $14-$15 support crucial for a potential breakout to $27-$46.

A sharp downturn in the cryptocurrency market has been noted today, with Bitcoin and most altcoins experiencing steep declines. Bitcoin dropped to a low of $104,130, which is a decrease of 17% from its ATH. 

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Furthermore, Coinglass data show that the total daily liquidations in the past 24 hours reached $1.36 billion, resulting in the liquidation of more than 338,459 traders. With market dips always offering entry opportunities, here is a look at the best altcoins to invest in today.

Best Altcoins to Invest in Today

1. Virtuals Protocol (VIRTUAL)

Virtuals Protocol’s price has mirrored the broader market, forming a descending pattern. Currently, the price has dropped by over 10%, now standing at $1.30. This latest drop has elevated the weekly decline to 7% despite the altcoin trading positively on the weekly chart.

Best Altcoins to Invest in Today, November 4 - Virtuals Protocol, Chainlink, Arbitrum
Source: CoinMarketCap

Crypto analyst NekoZ has shared a detailed technical analysis of the price movement of VIRTUAL by breaking down key chart levels. With the altcoin already surpassing the $1 threshold, the analysis suggests that the bearish trend has ended. It is anticipated that the breakout will push VIRTUAL toward $5, as the support at $1 holds. Trendlines are indicating a momentum shift, thus adding to the bullish scenario.

Additionally, NekoZ is very optimistic about the altcoin’s real-world use cases, particularly in the AI and Web3 sectors. The convergence of both technologies, combined with decentralized governance and lightning-fast transactions on the Base L2 network, positions VIRTUAL as one of the best altcoins to invest in today.

2. Chainlink (LINK)

Chainlink has been trading on a negative note recently, with the token dropping from highs of $18.50 to lows of $14.50. The altcoin has declined by 35% and 20% on the weekly and monthly charts, respectively. As of this writing, LINK is exchanging hands at around $14.94 with a trading volume of $1.40 billion.

Source: CoinMarketCap

Chainlink is currently at a crucial price level, according to crypto analyst Ali Martinez. He believes that the $14-$15 area will determine the future trend of the token based on his chart analysis. If Chainlink manages to remain at this level, the next target could be between $27 and $46.

Martinez also added that an important key to a breakout is the support zone. For investors looking for the best altcoins to invest in today, they should closely monitor Chainlink’s price around the $14-$15 area to understand the altcoin’s next move.

3. Arbitrum (ARB)

After the broad market correction, Arbitrum has not been an exception, having lost 40% in the past 30 days. As of press time, ARB is trading at around $0.263, with a trading volume of $307 million and a market capitalization of $1.45 billion.

Source: CoinMarketCap

The weekly chart of ARB displays a classic falling wedge, which could lead to a potential breakout. The price movement has been consistent for a year, and now the price is tightening near the breakout zone. In case of a breakout, the target is around $2.07.

With this formation in place, ARB can be considered one of the best altcoins to invest in today. Investors expect the price breakout to trigger a major swing, making the setup a major interest of market players for the coming sessions.

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