November is proving a challenging month for crypto traders, but with the past 48 hours having flushed out much of the leveraged longs, there are signs that better times lie ahead. On November 18, things have started to stabilize after a rough week.
Read on to learn where experts believe BTC is headed next, what the Fear & Greed Index has to say about crypto prices, and which presales are gathering momentum. We’ll also analyze the crypto majors that will lead the rest of the market going into the weekend, the launch of the EV2 presale, and why you shouldn’t write off ETH just yet.
What to Expect From Crypto This Week
As November gets into gear, the cryptocurrency arena remains a high-stakes playground, with BTC the best performing of the majors. Its dominance is now back around 57%, and having bounced off key support at $90K is currently trading around $91K. Support at $90K remains a psychological bulwark, while resistance looms at $95K. In terms of BTC price predictions, CoinCodex sees Bitcoin regaining $94K this week, while CMC’s Fear & Greed Index stands at 15, suggesting the market is currently under “Extreme fear”.
Fundamentally, however, Bitcoin’s fortress holds firm. Institutional heavyweights continue stacking sats: Strategy is planning a new offering of Bitcoin-linked 10% Series A stream preferred stock in the form of an IPO. Michael Saylor is only too happy to buy your bags, recognizing that whatever the market may do on the daily, BTC’s long-term value hasn’t diminished one iota.
EV2 Presale Fuels the Next Wave of Web3 Gaming
As BTC consolidates, savvy traders are pivoting toward high-growth narratives including Web3 gaming, where EV2 is emerging as a frontrunner. This ambitious space-combat title, crafted within the acclaimed Funtico ecosystem, just launched its presale – reimagined not as a mere token drop, but as an “early-access odyssey” blending immersive gameplay with seamless blockchain integration.
EV2 is effectively aiming to lower the entry barrier for mainstream gamers deterred by crypto’s complexities. Early backers are snapping up allocations, drawn by a roadmap brimming with the promise of AAA visuals and multiplayer dogfights in zero-gravity arenas. Given Funtico’s pedigree, EV2 has an outsized chance of going the distance. As majors like BTC cool off, the presale offers asymmetric upside and a calm alternative to all the froth of the volatile markets.
Is ETH on the Rebound?
It might have had a bad week, dropping by 14%, but don’t write ETH off just yet. The same forces that contributed to its downturn – high leverage, coupled with high ETF outflows – can be reversed just as quickly. Once the market flips green again, expect ETH to outperform most other assets and reclaim the $3,300 region before consolidating. Just keep your leverage low and time your entry.
Other coins that should be on your radar this week include HYPE, which tends to front-run the market, and thus its price performance is suggestive of where other crypto assets are headed next, as well as Zcash (ZEC). Privacy coins have been outperforming everything else for the past month and ZEC looks like it’s still got plenty more in the tank. The rest of November will be volatile, but amidst all the chop, there are still opportunities to be had. Don’t FOMO, bide your time, and buy the dip.
Website: https://ev2.funtico.com/
