Crypto Market Replace (Nov 12)

The cryptocurrency market fell 3.67% during the last 24 hours, with the drawdown pushed by profit-taking, macro uncertainty, and leveraged liquidations. Regardless of projecting a 2.99% weekly achieve, the market’s decline aligns with an total risk-off sentiment throughout danger belongings like crypto and equities.

Over $260 million in crypto futures positions have been liquidated in 24 hours, with lengthy positions in Bitcoin (84%) and Ethereum (90%) dominating. This was adopted by a surge in derivatives open curiosity, which is up 10% previously 7 days, and funding charges turning damaging. Merchants over-leveraged when the market posted beneficial properties, however confronted margin calls as costs dipped, making a suggestions loop of compelled promoting.

One other bearish catalyst stemmed from a coordinated mass exodus of ETH by two whales, who offered a mixed 178,080 ETH for $528 million, whereas the spot Ethereum ETFs noticed $796 million in outflows final week. This factors fingers to profit-taking by giant holders and ETF redemptions overwhelming retail demand.

In the meantime, crypto’s 24-hour correlation with the Nasdaq-100 turned damaging (-0.77) as tech shares slid on the again of weak Q3 earnings. Nonetheless, the 7-day correlation stays optimistic (+0.48), hinting at lingering macro results. Merchants rotated capital out of crypto amid a broader danger aversion sample, however the sell-off lacked a transparent coverage set off.

Greatest Crypto To Purchase Now: $GAIN, $ELIZAOS, $ASTER

BTC dominance rose 0.14 factors to 59.14%, whereas the Altcoin Season Index climbed as much as 27/100, suggesting that the market stays in “Bitcoin Season” territory. This divergence reveals that altcoin beneficial properties are concentrated and never broad-based. The alt index must hit a rating above 75/100 to sign an “Altcoin Season”. Most of investor capital stays parked in BTC in periods of market uncertainty, with altcoins requiring sustained shopping for to flip the development.

Bitcoin’s 24-hour buying and selling quantity is down 7.8% to $572 billion, as merchants are chasing low-cap alts for outsized returns, largely pushed by change listings and area of interest narratives. Nonetheless, the greatest market movers of the day solely symbolize 0.2% of the whole cryptocurrency market cap, whereas Bitcoin has a valuation of $1.98 trillion. Whereas altcoin-focused ETFs shed $880 million weekly, Bitcoin ETFs absorbed 4.1% of BTC’s circulating provide, with an AUM of $142.37 billion, up 2.5% in 24 hours. Sustained institutional demand for BTC is limiting altcoin upside regardless of sector-specific wins.

In response to our evaluation, one of the best cryptos to purchase now are: Griffin AI ($GAIN), ElizaOS ($ELIZAOS), and Aster ($ASTER). Token buyback-led momentum, an undervalued narrative, main change listings, profitable contract migration, AI narrative momentum, DEX dominance, and technical breakouts drove their respective rallies.

1. Griffin AI ($GAIN)

GAIN surged 115.26% previously 24 hours, posting a pointy rebound regardless of an -86.9% worth decline during the last 90 days. 

The token additionally managed to outperform the broader crypto market’s drop, and aligns with profitable post-exploit restoration efforts. On October 13, Griffin AI introduced a $2.5 million Restoration Fund, of which $1 million was deployed to buy GAIN tokens from the open market. The community has burned 71.4 million GAIN, representing 16% of the circulating provide, as of November 12. This lowered promote stress whereas Griffin AI dedicated to stabilizing GAIN’s worth. Shortage dynamics are amplified by the buy-back program’s transparency, which is trackable through BNB Chain. Traditionally, this precedes short-term worth rallies in tokens with excessive retail participation, however the remaining $1.5 million from the fund may face diminished impression if quantity persists above $15 million day by day.

In the meantime, GAIN resumed buying and selling on Binance Alpha 2.0 on October 13, restoring entry to a key retail and institutional consumer base. The token’s buying and selling quantity surged 287.79% to $15.06 million, with Binance commanding 63% of spot trades. Change assist has mitigated post-hack liquidity fears, however GAIN’s 24-hour volume-to-market cap turnover ratio of two.41 highlights speculative buying and selling dominance. Nonetheless, excessive volatility danger stays if promote orders cluster close to $0.014.

GAIN broke above its 7-day SMA ($0.006) on November 11, with 7-RSI (71.81) closing on the “overbought” territory. As per information from LunarCrush, social media hype for the token spiked 340% following the Binance relaunch. Whereas the RSI is overheating, GAIN’s MACD histogram turned optimistic for the primary time since September’s exploit, signaling a possible development reversal. Nonetheless, the 30-day SMA ($0.0082) is anticipated to show into its resistance. It is going to be key for GAIN to carry above the 61.8% Fib stage ($0.012) from the September crash amid rising Altcoin Season Index readings.

2. ElizaOS ($ELIZAOS)

ELIZAOS surged 58% during the last 24 hours, diverging from its weekly and month-to-month flatline. The rally aligns with the venture’s current rebranding, token migration, and change listings.

On November 7, ELIZAOS accomplished its migration from AI16Z, with a 1:16 token swap ratio. The brand new cross-chain structure permits interoperability with Ethereum and Solana, whereas introducing a “Generative Treasury” for liquidity supplier incentives. The redenomination has successfully lowered provide stress for ELIZAOS whereas attracting holders looking for expanded utility. Migration-related buying and selling halts, equivalent to CoinW delisting AI16Z on November 6, have created demand, amplifying volatility upon relisting. The migration window closes on February 4, 2026. Sustained adoption may additional tighten provide.

Binance Alpha, MEXC, and Hotcoin relisted ELIZAOS post-migration, triggering a 366% spike in 24-hour buying and selling quantity to $12.3 million. The token’s turnover ratio hit 0.123, signalling excessive speculative exercise. Change listings have improved market accessibility, particularly on Binance, the place derivatives typically amplify spot worth strikes. The 58% worth surge additionally coincided with MEXC enabling ELIZAOS withdrawals on November 8, suggesting coordinated liquidity inflows. Sustained day by day buying and selling quantity above $10 million may stabilize beneficial properties, whereas a drop might sign profit-taking.

ElizaOS gained traction on the again of an AI-agent narrative amid a sector-wide Concern & Greed Index studying of 70 (Greed) throughout its relaunch. Nonetheless, the broader market index has cooled to the “Concern” zone at 26. The AI-linked demand probably drove early momentum for ELIZAOS, however the token’s 24-hour rally outpaced the stagnant AI sector. This divergence hints on the project-specific catalysts outweighing macro tendencies. It is going to be key for ELIZAOS to carry above $0.0134 if migration inflows sluggish post-February 2026.

3. Aster ($ASTER)

ASTER rose 3.26% previously 24 hours, outperforming the broader crypto market, which declined 2.78% throughout the identical interval. Key drivers behind the rally embody a token buyback-led surge, DEX dominance, and hypothesis surrounding a Coinbase itemizing.

The Aster workforce elevated its buybacks to $7,500 per minute on November 11, burning 2.4 million ASTER ($2.7 million) day by day. Over 18 million ASTER ($20.5 million) have been burned for the reason that buyback program was launched. Decreased circulating provide creates scarcity-driven demand, whereas 50% of the buybacks are completely faraway from provide – a deflationary mechanism that’s traditionally linked to short-term worth assist. ASTER’s 24-hour buying and selling quantity surged 90% to $667 million, signaling demand absorption of latest liquidity.

On November 10, Aster grew to become the #1 decentralized perpetuals change by day by day buying and selling quantity ($12 billion), surpassing its chief rival Hyperliquid. Nonetheless, the Lighter DEX’s $1.5 billion valuation and $73.77 billion weekly quantity sign rising competitors within the perp DEX house. Market share beneficial properties additional validate Aster’s standout options like multi-chain assist and 200x leverage, but additionally spotlight the sector’s saturation.

Coinbase has added ASTER to its Itemizing Roadmap, hinting at a future spot buying and selling launch for the token. Traditionally, Coinbase listings set off 20-50% pre-listing rallies, equivalent to HYPE’s 2024 surge. Anticipation surrounding a U.S. change entry may appeal to contemporary new capital into ASTER, which already trades on Binance and Gate. ASTER’s 24-hour internet change outflow of $8.04 million implies robust accumulation, however its absolutely diluted valuation (FDV) at $9.12 billion stays increased than its $2.29 million market cap. It must be seen how ASTER can maintain above the 38.2% Fibonacci retracement stage ($1.13) post-Coinbase itemizing; failure to carry right here may set off profit-taking and reverse beneficial properties.

Last Ideas on Greatest Crypto to Purchase Now: $GAIN, $ELIZAOS, $ASTER

The rallies of right this moment’s best-performing altcoins – Griffin AI ($GAIN), ElizaOS ($ELIZAOS), and Aster ($ASTER) – got here amid a broader market decline as merchants over-leveraged in the course of the current market beneficial properties to face margin calls as costs dipped. The drop additionally aligns with a risk-off sentiment throughout the crypto market.

$GAIN’s surge may be attributed to the $2.5 million token buyback program to mitigate losses suffered throughout September’s exploit, change relaunch momentum, and technical breakout. $ELIZAOS rallied on the again of a token migration that fueled speculative demand, a serious change itemizing on Binance Alpha and MEXC, and AI narrative momentum. $ASTER outperformed the broader crypto market as elevated token buyback and burn charge tightened provide and elevated demand, DEX quantity hitting $12 billion, and hypothesis surrounding a possible token itemizing on Coinbase.

Disclaimer: The technical figures and worth predictions offered on this article are topic to market circumstances and the cryptocurrency’s day by day efficiency.