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Daily Crypto News Nov 29, 2021: Top 5 cryptocurrencies for this week

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Although cryptocurrencies have seen a lot of price correction in the past few weeks, crypto analysts are still hopeful of the price rally that we are yet to see. According to experts the top 5 cryptocurrencies to look out for this week are Bitcoin, Binance coin, Decentraland, Terra, and Sandbox. Do you hold any of these cryptocurrencies? Even if you don’t read below in detail what the next week has in store for all these cryptocurrencies. 

The book that every entrepreneur and Investor would have read once in their lives, Rich Dad Poor Dad’s author, Robert Kiyosaki revealed that he is buying the dip. According to him, it is just the beginning of inflation and inflation makes the rich richer. He revealed through his social media account that he is buying Bitcoin and Ethereum and believes that with the new variant of Covid-19 coming in and other factors coming into play, inflation is soon to hit. And this inflation will only make smart investors richer. Read more on this in detail below. 

Although the entire Bitcoin market is quite volatile, according to Anthony Scaramucci, a renowned Hedge fund manager it is similar to Amazon in its early years. He says although the market is volatile but just how amazon became the best-paying stocks in the years of its growth Bitcoin possess the same potential. Read what Sacaramucci has to say in detail below. 

Before we dive into details of these hot crypto topics let’s quickly glance through the top gainers and losers for the day. 

Crypto Market Trend  November 29, 2021 

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by November 29, 2021)  Change in % 
Sandbox (SAND) ₹573.39 24.61%
Sushi (SUSHI) ₹597.19 12.56%
WAX (WAXP) ₹55.44 10.85%

*Prices are latest by 10:30 AM November 29,2021.*

Top 3 Crypto Losers

Cryptocurrency  Price (Latest by November 29,  2021)  Change in % 
Phoenix Global (PHB) ₹50.25 10.49%
Binance USD (BUSD) ₹74.33 5.13%
Tether (USDT) ₹74.45 5.08%

*Prices are latest by 10:30 AM November 29,2021.*

Daily Crypto News  Nov 29, 2021

Top 5 Cryptocurrencies to watch out for this week

Bitcoin and mainstream altcoins have been struggling hard to recover from the sharp fall that was seen on November 26. This is evident of the fact that traders are nervous to buy at the current levels due to uncertainty. This uncertainty is majorly due to the heavily mutated coronavirus strain detected in South Africa. CEO of Celsius, Alex Mashinsky is unfazed with these recent price corrections and viewed this fall as a buying opportunity for many. He revealed that he invested around $10 million into Bitcoin and Ether at the current levels on November 28. He also expects Bitcoin to rally to $70,000. 

Experts believe that if Bitcoin breaks through the current levels selected altcoins will also attract many investors’ attention. According to crypto analysts, the top 5 cryptocurrencies to look out for in the next week are Bitcoin (BTC), Binance coin (BNB), Terra (LUNA), Decentraland (MANA), and Sandbox (SAND). Read in detail about the top 5 cryptocurrencies to look out for this week.  

Source: Cointelegraph

Robert Kiyosaki says he’s buying Bitcoin and Ether as Inflation escalates

The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki revealed that he has been buying more of Bitcoin (BTC) and Ethereum (ETH) amidst the rising inflation. He stressed the fact that inflation makes lives difficult for the rich and the poor but it makes the rich richer. 

He said he is buying more of these cryptocurrencies in the wake of the rising inflation. Bitcoin was trading at $56,267 at the time he tweeted about his investments in cryptocurrencies while it stands at $57,342 at the time of writing. Read more on why Kiyosaki has been investing in BTC and ETH and what it means for small investors. 

Source: Bitcoin.com

Hedge Fund manager compares BTC to Amazon in the year 2000, predicts strong Q1

Anthony Scaramucci a renowned Hedge fund manager was found comparing Bitcoin (BTC) to the e-commerce giant Amazon in its early days. He drew a comparison of Bitcoin being volatile just how Amazon stock prices were volatile in their early days but later became the best-performing stocks. 

Bitcoin has shown exponential growth in terms of fundamentals in the previous year and the recent price corrections are a good opportunity for the investors to enter, says SKyBridge capital’s founder. This correction serves as an opportunity for investors to buy Bitcoin at a discount. Although Scaramucci believes that Bitcoin has still not become an asset that can be used to hedge against inflation but he is bullish on the long-term potential of the cryptocurrency. Read more on what Q1 of 2022 holds for Bitcoin and what Sacaramucci has to say about Bitcoin

Source: Dailyhodl

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