3 Low-Cap Altcoins Broke Out of Long-Term Accumulation in November
Three low-cap altcoins—Firo (FIRO), Alchemix (ALCX), and Nano (XNO)—showed significant price breakouts from long-term accumulation zones in November.Summary
The article highlights three low-cap altcoins that experienced significant price breakouts from long-term accumulation zones during November, signaling renewed investor interest and potential upside. Firo (FIRO), a privacy coin, saw its market cap rise from $10 million to over $48 million, driven by privacy interest and remaining highly ranked on Coingecko, with exchange balances dropping significantly.
Alchemix (ALCX), a DeFi protocol, surged 140% in November, ending a long sideways phase. This was supported by the highest on-chain transaction volume in three years during the first two weeks of the month and a substantial drop in its exchange balance.
Finally, Nano (XNO), designed for fast, feeless payments, climbed over 70%, breaking its accumulation zone from March. Strong investor commitment is evidenced by over 67% of its circulating supply being staked by network representatives. The article cautions that while these breakouts are bullish, low-cap altcoins carry higher risk due to lower liquidity.
(Source：BeInCrypto)