Best Cryptocurrencies to Buy Today, November 29 – Ethereum, Cardano, XRP

Highlights:

• Ethereum is up by 4.80%, driven by institutional inflows into Ether ETFs and a rapidly expanding ecosystem.
• Cardano is up by 6.06% today, driven by smart contract upgrades and strong global partnership growth.
• XRP is up by 9.81%, driven by whale accumulation and positive progress in Ripple’s SEC legal case.

The cryptocurrency market is showing a bullish sentiment today, post-Thanksgiving Day. The market cap has increased 0.93% to $3.35 trillion. However, the 24-hour volume has decreased 26.92% to $147.66 billion, showing caution from investors. The fear and greed index stands at 83% showing extreme greed from investors. 

Bitcoin has also started its imminent climb to $100,000 with a 0.92% increase in the past day. The coin is currently trading at $96,234 but its trading volume has decreased by 32.68% in the past 24 hours. As the whole market continues to recover from the recent correction, these cryptocurrencies are the best choice to invest in today. Let’s explore the best cryptocurrencies to invest in today: Ethereum (ETH), Cardano (ADA), and XRP.

1. Ethereum (ETH)

Ethereum is currently trading at $3,550, up 4.80% in the past week. Its market capitalization is $427.46 billion, making it the second-largest cryptocurrency. ETH trading volume has dipped 30.41% in the last 24 hours to $29.53 billion. Despite the dip, the price of ETH has gained 33.81%, making it a promising venture.

Several factors are driving Ethereum’s price upward. One key reason is the increasing inflow into spot Ether ETFs. Over the past five days, Ether ETFs have outperformed Bitcoin ETFs with $224.9 million in inflows. This shift shows growing institutional interest in Ethereum and this factor is likely to push the price upward.

The Ethereum ecosystem is growing rapidly. L2s have exploded to $51 billion, significantly improving scalability and reducing transaction costs on the Ethereum network.

🔹Are you ready to elevate your crypto game?
🚀
🔥 #Ethereum's L2s have exploded to a staggering $51 billion TVL.
🤯🌟 Here's why you need to keep a close eye on this game-changing development 👇- Faster and cheaper transactions
💰- Improved scalability and efficiency ⚡-…

— Crypto Talkies – Sentiment Analysis Tool (@crypto_talkies) November 29, 2024

2. Cardano (ADA)

Cardano is currently trading at $1.07 which reflects a 6.06% increase in the last 24 hours. Over the past week, ADA has increased by 22.16%. The market cap is $37.35 billion with a 6.14% increase in the past day. 

Technical indicators show that ADA is gearing up for a price surge. The Relative Strength Index (RSI) for ADA is currently at 60; hence, there is more room for investors to buy. According to data from Coinglass, whales are continuing to accumulate the asset. The long/short ratio stands at 0.9 showing a bullish momentum among traders in the long run. Charles Hoskinson has predicted that Bitcoin could hit a minimum target of $250K within 2 years. Cardano’s price is set to benefit from the increasing rise of Bitcoin.

JUST IN: Cardano founder Charles Hoskinson predicts #Bitcoin could hit $250K within 2 years, calling it the "minimum target."

He suggests the potential high could reach $500K! pic.twitter.com/fREKxVJYJN

— Breaking Whale (@BreakingWhale) November 29, 2024

3. XRP

XRP is up 9.81% in the last 24 hours and is currently trading at $1.62. Over the past week, XRP has gained 16.52%. The market cap stands at $91.89 billion showing a 9.77% increase in the past day.

Analysts predict XRP could reach $2 anytime from now. The surge in the price of XRP is mainly driven by whale accumulation. Data shows that wallets holding more than 10 million have been buying and increasing their portfolios in the past months. Large whale buying draws in small investors and hence drives the prices higher due to demand. The Ripple vs SEC case is also influencing the price of XRP. With the conclusion nearing, regulatory clarity will push the price higher.

$XRP getting closer to filling that $2 wick.

Broke out of the flag on the 4 hour, found support on the 50MA, and is now in the process of trying to break above the $1.60 level.

I believe once that happens then $2+ is next.#XRP #Crypto #Altcoins https://t.co/Dl58NkZQHh pic.twitter.com/bAkwFWjDdK

— ₿itcody 📈 (@bitcodyy) November 29, 2024

Ethereum, Cardano, and XR offer the best opportunity today for investors to maximize their profits on Black Friday.