Top 3 Altcoins to Watch in November 2025
As November begins, the cryptocurrency market is abuzz with exciting developments and updates for several altcoins. Despite a challenging October for most digital assets, these three altcoins are positioned to potentially deliver strong performances due to their upcoming network upgrades and ecosystem enhancements. Here’s why investors need to keep an eye on Sonic (S), THORChain (RUNE), and Sky (SKY) this week.
Sonic (S): Upcoming Mainnet and Testnet Upgrade
Sonic prepares for the highly-anticipated upgrade to its version 2.1.2, set to introduce native fee subsidies and enhanced security features. These upgrades are critical for boosting efficiency and attracting user confidence. Currently trading at $0.1299, the token finds itself just above its key support level of $0.128, presenting an interesting opportunity for recovery.
The upgrade could act as a bullish catalyst, reversing its recent 25% drop and potentially propelling the price towards $0.159 or $0.176. However, should market sentiment fail to respond positively, prices could dip below $0.128, leading to bearish pressure and pushing the token towards $0.112 or even $0.100.
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THORChain (RUNE): Anticipated V3.12 Upgrade
THORChain is set to roll out its V3.12 upgrade this week, though developers are keeping specific details tightly under wraps. This announcement has already generated intrigue, and if the upgrade introduces meaningful performance improvements, the market could witness a rise in momentum for RUNE. Currently trading at $0.809 after a 13% weekly drop, RUNE is poised at a crucial technical juncture.
The Bollinger Bands suggest an incoming volatility spike. If bullish sentiment builds, the token could break above the $0.855 resistance and target $0.951. However, failure to gain traction may push RUNE down to $0.765, reaffirming bearish trends.
Sky (SKY): Governance Reforms Aim for Long-Term Growth
The Sky Network recently approved significant governance reforms, including increasing buybacks to 300,000 USDS daily and allocating 500 million SKY tokens to the protocol treasury for staking rewards. These changes are designed to bolster network sustainability and demand.
Trading at $0.0545, SKY has the potential to rebound to $0.0559 or higher, potentially reaching $0.0575 to recover recent weekly losses. Still, should bearish trends persist, its price may drop below critical support at $0.0536, delaying any significant recovery.
Why Governance Matters
Governance reforms, like those introduced by Sky Network, could encourage long-term growth and confidence. For enthusiasts looking to understand blockchain governance, ‘Blockchain Basics’ by Daniel Drescher is an excellent resource. Build your knowledge to make informed investment decisions.
Final Thoughts
This week offers an exciting array of opportunities for altcoin investors, particularly with Sonic, THORChain, and Sky making pivotal network improvements. However, as always, investors should proceed with caution and research extensively before making any financial decisions. The volatile nature of cryptocurrencies requires a well-considered portfolio strategy to mitigate risks.
Stay updated on market trends and insights for a competitive edge in this ever-evolving crypto landscape.
