September and October historically are weak during an election year. So, now that we have almost ‘survived’ that, let’s look into my top altcoin picks for November and December 2020.
Will November and December be bullish for altcoins?
BTC dominance has been sitting around 55–61% for the past few months. In a previous post I wrote about altcoin movements vs bitcoin movements.
I suggest you read this initially. However, summarized altcoins typically are most bullish when bitcoin moves sideways fro a while.
I still believe BTC will see $14k before the end of the year, meaning there will be heavy volatility. Though, with the set up it certainly will be possible to make a decent return on altcoins. It’s important to use clear stop-losses and take-profit targets, which you stick to. In order to maximize profits and minimalize losses.
Which altcoins do I think will perform best during November-December?
I ‘invest’ only in projects I understand, which is a big reason I wrote all these research reports on Quora. It allows me to understand a project, think about it’s value and it enables me to estimate the success rate of a project.
However, this is for long-term plays. For short-term trades typically the main thing that matters is TA (Technical Analysis). That said, I’ll focus on a mix of the two here and based on that I came up with the following projects:
- Ampleforth (AMPL)
That’s right, AMPL is in the list. AMPL Warlord gave good insights. AMPL’s market cap looks very bullish on the daily timeframe at the moment, and I believe it will provide good returns the rest of this year again. However, AMPL is not your typical ‘buy, hold, sell’.
I suggest you read my AMPL research report in order to understand price is not the main indicator for AMPL. Rather look at the market cap and overall market conditions: https://www.publish0x.com/tmod-marco/what-is-ampleforth-and-why-are-so-many-people-talking-about-xzyzewy.
- EUNO•PAY (EUNO)
EUNO is currently ongoing a coin swap. Those holding the old EUNO can fill out a form to receive the new EUNO (x160 supply).
Now EUNO is a small cap medium risk/high reward option in my opinion. I wrote about EUNO in August and EUNO has already seen a x3 return ever since, without any massive pumps/dumps.
A coin swap to a new chain was required by their upcoming partner, who has yet to be announced. With this partner, EUNO•PAY will be available in over 150 countries, on over 30 million NFC enabled terminals.
This is huge and as we’re getting closer to knowing who this partner is, and I’m sure other updates, EUNO in my opinion is a very strong pick for the rest of 2020 at a currently $5.5M market cap.
- DIA Data (DIA)
I initially joined DIA’s private sale a couple of months ago. DIA has given me great returns and I closed my full position. Unfortunately, the KuCoin hacker stole a large amount of DIA, causing the token to see significant price losses.
However, DIA is moving forward stronger than ever and came with a few interesting updates. To me, DIA is a strong long-term pick. However, the charts are looking extremely bullish short-term and therefore it’s a good pick for both traders and holders.
I haven’t written a research report on DIA Data yet, nor am I currently holding any DIA (I’m still looking to enter in a few days). I suggest you to do your own research at: Homepage – DIAdata.
- Large Market Cap Altcoins
I understand this is a very broad answer. However, I’m still anticipating a lot of ‘new money’ to enter the markets in the next few months. I strongly believe most of this money will go towards BTC and ETH. However, there’s no doubt money will flow into (mainly) large altcoin caps as well.
Looking at the past week, top-100 altcoins recovered quicker than most altcoins outside the top 100. Examples are Chainlink (LINK), Reserve Rights Token (RSR), Polkadot (DOT) as well as Binance Coin (BNB) continues to look extremely bullish.
A riskier (mid-term) play could be Uniswap (UNI). UNI is currently trading at a price of $2,80 per token and a market cap of $587M ($2.75B TLV). My next Quora research report will most likely be on UNI. I believe Uniswap V3 will blow people aways with (hopefully) plenty of new use cases for the UNI token. Therefore, I’m looking to pick up UNI between $2–2.5 if possible for Q1 2021. Uniswap remains the largest decentralized exchanged and passed >$3,000,000,000 in available liquidity the past week. It’s hard to ignore that!
All things considered, I am bullish for the rest of 2020 and hope we’ll all see decent returns to our picks. If you like my content, then I would encourage you to follow me on Twitter and join my personal Telegram Announcement Channel to stay updated.
This post is for informative purposes only, I’m not a financial advisor and I currently do not have a position in DIA, LINK, RSR, DOT, BNB, AMPL. I DO have a position in EUNO and UNI. I am not planning to change this position within the next 48 hours. I have not been paid for this post, this post is out of personal interest.