Author: | Posted in Finance No comments

Bitcoin (BTC) witnesses a tough fight near the $ 58,000 mark but it has not stopped selected altcoins from reaching a new all-time high. This shows that traders are looking at the basic development of individual coins.

One of the latest top performing big altcoins has been Avalanche (AVAX), which has risen more than 120% in November. The coin caught the attention of traders ahead of the announcement of auditing firm Deloitte, which plans to build its disaster relief platforms on the Avalanche blockchain.

Crypto market data daily view. Source: Coin 360

In another step showing growing crypto adoption, El Salvador’s President Nayib Bukele announced launch of Bitcoin city, which will be powered by geothermal energy and initially funded by $ 1 billion in Bitcoin bonds.

Can strong purchases at lower levels increase Bitcoin above $ 60,000 and will altcoins participate in the recovery? Let’s study the charts of the 5 best cryptocurrencies that may attract traders’ attention in the short term.