Best Altcoins to Buy Today, November 18 – Solana, Hyperliquid, Uniswap

Highlights:

• The best altcoins to buy today are Solana, Hyperliquid, and Uniswap, each having its own unique growth potential. 
• The launch of Solana’s ETFs has attracted a lot of interest, with almost $450 million already invested.
• Hyperliquid’s whale activity is an indication of increasing demand, as larger wallets are getting ready for price jumps.

The cryptocurrency sector experienced yet another huge correction as prices went down sharply. In the last 41 days, the market has lost more than $1.1 trillion in value, which is about $27 billion daily average. In the past 24 hours, liquidations impacted more than 180K traders whose total liquidated amount was $1.01 billion.

Even though the market has a general negative sentiment, corrections are often viewed as good spots for new entries. In this article, we will discuss the best altcoins to buy today, such as Solana, Hyperliquid, and Uniswap.

Best Altcoins to Buy Today

1. Solana (SOL)

Solana has been trading in a downtrend recently as the price recorded a decline of more than 25% over the last 30 days. This trend saw the altcoin plummet from the highs of $200 to seek support at the $130 mark. As of this writing, SOL is trading around $137 with a market cap of $75 billion.

Source: CoinMarketCap

On November 19, Fidelity and Canary Marinade are going to release two new Solana ETFs in the market. The Fidelity Solana ETF (FSOL) will be listed on NYSE Arca with a management fee of 0.25%. At the same time, the Canary Marinade Solana ETF (SOLC) will be listed on Nasdaq, charging a management fee higher at 0.50%. Both ETFs signal the growing interest in the altcoin, as ETFs are a way to invest in Solana’s blockchain with more trading alternatives.

Moreover, the introduction of these funds raises the number of approved spot Solana ETFs to five. The rise in the number of these ETFs is supported by strong inflows, as almost $450 million has already been invested in Solana-related funds. As major players continue to seek entry into the Solana ecosystem, the altcoin emerges as one of the best altcoins to buy today.

2. Hyperliquid (HYPE)

Hyperliquid is extending its gains amid an overall crypto market weakness as it continues to build upon last week’s rebound. HYPE is exchanging hands around $41, up by 6% over the last 24 hours. Moreover, its market cap and trading volume have surged to $13 billion and $560 million, respectively.

Source: CoinMarketCap

HYPE’s price has gone through a phase of minor decline or cooling. However, according to the on-chain data from CryptoQuant, whale activity is increasing. Heavier wallets have been purchasing HYPE during the price drops, which is a sign of a possible accumulation phase beginning. 

The outflows in exchanges have gone up. Additionally, the number of large active addresses and transaction sizes is all rising. This indicates that the market movers are already taking their places for the potential volatility.

Moreover, the market analyst woods.ai’s chart analysis gives further support to the demand view. Whale-led accumulation in this case might turn into a rapid upward price movement once the liquidity conditions change, despite the cooling price. HYPE seems to be a good option for investors who are looking for the best altcoin to buy today.

3. Uniswap (UNI)

Following a surge of 23% on the monthly chart, Uniswap’s price has been engulfed by bears as the price continues to correct further. UNI has declined by 12% and 5% on the weekly and daily charts, respectively. Currently, the price is resting around $7.41 with a trading volume of $1 billion.

Source: CoinMarketCap

Token Terminal data shows that Uniswap had its highest-ever monthly trading volume in October with $116 billion. The increase in volume was accompanied by the “UNIfication” proposal, which may change Uniswap’s market by unifying the liquidity. The proposal includes a protocol fee activation and the burning of 100 million $UNI tokens. The proposed change may shift UNI into an asset with a deflationary link to revenue and hence a passive governance token.

Furthermore, analysts consider the current prices a good entry point for traders with targets in the range of $25. Chart analysis uncovers key areas of possible interest for buyers, thus giving a good outlook that can be seen by those looking for the best altcoins to buy today.

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