Best coins to watch in November
As U.S.-China trade tensions ease and the Federal Reserve prepares to cut rates, the cryptocurrency market is experiencing a powerful rally driven by institutional adoption, regulatory clarity and breakthrough technological advances. Here’s five coins to consider for next month.
Charles Archer
Key Takeaways
- Bitcoin has rallied back above $110,000, driven by optimism over U.S.-China trade negotiations and JPMorgan's decision to accept crypto as loan collateral.
- Tether is raising up to $20 billion at a $500 billion valuation and plans to launch USAT, a U.S.-compliant stablecoin in December 2025.
- Ethereum's MegaETH Layer-2 solution reached $7 billion valuation with its ICO oversubscribed in just five minutes.
- USDC is expanding into Europe through partnerships with ClearBank and Deutsche Börse as stablecoin transactions surge .
- Solana spot ETFs are launching imminently following record corporate treasury accumulation.
November 2025 may see the crypto market recovering from October’s flash crash to ride a wave of optimism, fueled by improving U.S.-China trade relations and supportive macroeconomic conditions.
After significant volatility driven by new U.S. trade measures targeting Chinese tech exports that triggered a market-wide sell-off that briefly pushed Bitcoin below $105,000, the sector has rebounded strongly.
U.S. President Donald Trump's recent positive comments about reaching an agreement with China, particularly regarding rare earth magnet supplies, have gone some way to restoring investor confidence across digital assets. This diplomatic thaw, combined with the recent 25-basis point Federal Reserve rate cut, has gone some way to improving sentiment.
Beyond geopolitics, the crypto market is experiencing transformative institutional integration. The sustained flow of capital into Bitcoin spot ETFs exemplifies its growing mainstream acceptance, while regulatory frameworks continue to evolve favorably.
According to blockchain data provider Artemis, the passage of the GENIUS Act has provided crucial clarity for stablecoin operations, contributing to a 70% uptick in stablecoin transactions over the past three months.
Meanwhile, technological advancements across blockchain ecosystems, from Ethereum's implementation of EIP-4844 to accelerate transaction speeds and reduce costs, to the explosive growth of Layer-2 scaling solutions processing record volumes, are expanding the practical utility of cryptocurrencies.
This blend of macroeconomic tailwinds, regulatory maturation and technological innovation may be positioning the market for continued growth as we move into the final months of 2025.
Top 5 coins to watch in November
The following five cryptocurrencies have experienced the highest volume over the past 30 days according to coinmarketcap.com.
1. Tether
According to Bloomberg, Tether remains the world's most popular stablecoin, commanding approximately 60% of the overall stablecoin market with roughly $183 billion worth of its USDT token in circulation.
Tether Limited, the issuer of USDT, is on track for an estimated $15 billion in profit for 2025, maintaining what CEO Paolo Ardoino claims is a 99% profit margin, an achievement that has unsurprisingly attracted significant investor interest.
Tether Limited is reportedly in discussions to raise up to $20 billion for approximately 3% of the business, which would value the company at around $500 billion and place it among the world's most valuable private companies, in the same realm as OpenAI and SpaceX.
Perhaps more impressively, Tether Limited recently announced it has reached 500 million users globally, which Ardoino describes as potentially the biggest financial inclusion achievement in history.
But the company's expansion strategy extends far beyond its core stablecoin operations. Tether Limited is set to launch USAT in December 2025, a U.S.-compliant stablecoin designed to meet federal regulations under the GENIUS Act, issued through a joint venture with regulated crypto bank Anchorage Digital.
To build distribution for USAT, Tether Limited has made strategic investments including a $775 million stake in video platform Rumble, which boasts 51 million monthly active users in the United States and will launch crypto tipping functionality in December supporting Bitcoin, USDT and Tether Gold.
The company is targeting additional platforms to expand its potential U.S. user base from 51 million to 100 million, positioning USAT to compete directly with traditional payment services like PayPal in the creator economy.
Tether Limited's diversification efforts are also bearing fruit in other areas. The company's gold-backed token XAUT tripled in market size this year to $2.2 billion, driven largely by retail demand in Central and South America and Asia.
Through its Tether Data division, the company has entered the artificial intelligence space with the release of QVAC Genesis I, a massive 41 billion token synthetic dataset for training STEM-focused AI models, alongside QVAC Workbench, a comprehensive local AI application that keeps all user data private and on-device.
Additionally, Tether Limited has accumulated an 11.5% stake in Italian football club Juventus and submitted candidates for the club's board, though the company maintains it has no plans to pursue full ownership.
2. Bitcoin
Bitcoin has seen a significant recovery, surging above $116,000 over the weekend before stabilizing around $114,000.
The primary driver has been renewed optimism surrounding U.S.-China trade negotiations, with President Trump now apparently positive about reaching a deal that would ease tariff threats.
The proposed agreement would allow China to continue supplying the United States with rare-earth magnets, which are critical components for electric vehicles, smartphones, wind turbines and military equipment, and in which China controls approximately 70% of global production.
But multiple macroeconomic factors are also supporting Bitcoin's current trajectory. The declining value of the U.S. dollar is reinforcing Bitcoin's investment thesis as a store of value, with the weakening dollar also making Bitcoin arguably more attractive despite competing forces affecting dollar valuation on an intraday basis.
The Federal Reserve rate cut of 25 basis points this week could potentially fuel more risk-taking behavior. And additionally, the Bitcoin-to-gold ratio has shifted favorably as gold takes a breather, suggesting a potential rotation from precious metals into Bitcoin as an alternative store of value.
But the most significant development comes from JPMorgan Chase, which plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year. This represents a profound shift in how traditional financial institutions treat digital assets, particularly given CEO Jamie Dimon's history as one of Bitcoin's most prominent critics who previously dismissed it as a ‘hyped-up fraud.’
The program will be offered globally and will rely on a third-party custodian to safeguard pledged tokens, treating cryptocurrency the same way stocks, bonds, gold, and other familiar assets are pledged.
This institutional banking integration is part of a broader Wall Street crypto adoption wave that includes Morgan Stanley planning to allow some customers access to popular cryptocurrencies in the first half of next year, while State Street, Bank of New York Mellon and Fidelity are also expanding custody services.
On the supply side, approximately 62,000 BTC valued at $7 billion has moved out of long-term holder wallets since mid-October, representing the first significant decline in illiquid supply during the second half of 2025. While whale wallets have actually been accumulating during this phase, mid-sized wallets holding approximately $10,000 to $1 million worth of BTC have shown the largest outflows with consistent selling since November of last year.
A recent report from Fidelity Digital Assets projects that nearly 42% of all supply, or approximately 8.3 million BTC, will be considered illiquid by Q2 2032 if current trends continue, with potential for even more dramatic growth if nation-state adoption increases.
3. Ethereum
Ether seems to be consolidating above the psychological support of $4,000, while institutional whale accumulation patterns provide encouraging signals for Ethereum's future trajectory.
Wallets holding between 100 and 10,000 ETH (representing $400,000 to $40 million at current prices) have been building positions since Q2 2024. While these whales sold significant amounts between 5 October and 16 October, they have since bought back approximately one-sixth of those coins, demonstrating renewed confidence.
On-chain analytics firm Santiment describes this behavior as a sign of ‘improving confidence’ among larger accounts, which is particularly significant because institutional investors have the capital to make price-moving trades and typically operate with longer time horizons and superior research resources compared to retail investors.
Ethereum's ecosystem has also seen a major upgrade, with the launch of MegaETH, a Layer-2 scaling solution that addresses the network's primary limitations of slow transaction speeds and high gas fees during congestion.
The MegaETH initial coin offering was oversubscribed in just five minutes, reaching a valuation of $7 billion at ICO prices with over 100,000 users completing KYC procedures before the offering, demonstrating vetted, serious demand from real investors rather than bots or speculators.
Layer-2 solutions process thousands of transactions off-chain before batching them together for final settlement on Ethereum's mainnet, dramatically increasing transaction speed and reducing costs by over 90% compared to Layer-1 while maintaining Ethereum's standard security.
This successful Layer-2 adoption increases Ethereum's utility without compromising decentralization, making previously uneconomical use cases like gaming, social media and micropayments viable on the network.
4. USDC
USDC is now fully compliant with the new GENIUS Act regulatory framework, providing weekly updates plus monthly attestation reports on reserves, which arguably makes it more transparent than Tether's quarterly reporting schedule.
This transparency advantage is critical for institutional adoption, particularly given Tether's history of running afoul of U.S. regulators and New York State authorities, previous misstatements of reserve values, and past inclusion of questionable ‘cash equivalents.’
Circle, the issuer of USDC, has rolled out ‘Pay with USDC’ merchant payment solutions, including a partnership announced in June with major e-commerce platform Shopify, positioning USDC as a true ‘digital dollar’ for everyday online purchases rather than merely a trading instrument.
While USDT maintains advantages for active international crypto traders through greater liquidity and lower trading costs, U.S. investors are now benefitting from USDC's regulatory safety, transparency, yield potential and payment utility.
The most significant recent development for USDC is its European expansion through a framework agreement with ClearBank, a UK fintech banking firm that will join the Circle Payments Network and integrate with Circle Mint services. This partnership will allow European banks to access faster cross-border remittances and lower fees compared to traditional banking.
The crypto community may view this as a major signal that UK banks are opening doors to stablecoin infrastructure, with Circle's European momentum building on its 30 September partnership with Deutsche Börse, which brought USDC and EURC to 360T markets, a major institutional foreign exchange trading platform.
The timing is particularly favorable as major European banks including ING in the Netherlands, UniCredit in Italy, Danske Bank in Denmark, and CaixaBank in Spain are launching MiCA-compliant Euro-pegged stablecoins under the European Union's Markets in Crypto-Assets regulatory framework.
5. Solana
Solana has experienced significant volatility this year, with highs of as much as $294 and lows of just around the $105 mark. At $200, the altcoin could be consolidating for a move higher as ETF approvals are seen as a potential catalyst.
Solana's fundamental value proposition rests on its superior technical performance compared to competitors. The blockchain regularly processes approximately 1,000 transactions per second (tps) in practice with a theoretical maximum of 50,000 to 65,000tps, making it the second-fastest blockchain globally.
This represents a 30 to 60 times speed advantage over Ethereum, which processes just 15 to 30tps, while maintaining transaction costs typically well under $0.01 per transaction that remain stable even during high network activity.
Solana's pioneering Proof of History system combined with traditional Proof of Stake validation creates a historical record proving events occurred in a specific sequence, allowing validators to process transactions without waiting for network-wide consensus on timing.
The recent crypto flash crash provided a critical stress test where users scrambled to sell positions simultaneously. Some blockchains crashed under the load, but Solana maintained high performance and continued processing thousands of transactions per second without fee spikes, validating its performance claims.
The most significant near-term catalyst for Solana is the imminent launch of multiple spot ETFs providing institutional access to the asset. On 27 October, NYSE Arca formally certified approval to list the Bitwise Solana Staking ETF, representing critical infrastructure endorsement with all exchange-level requirements now met.
The ETF could launch as soon as the final SEC operational review comes in, though Hong Kong beat the U.S. to market with ChinaAMC having now launched the world's first spot Solana ETF.
Meanwhile, corporate treasury accumulation continues, with Forward Industries and Solana Company accumulating over $2 billion in SOL during September alone, with treasury balances jumping over 260% in one month as institutions loaded up before the ETF launch.
More widely, Solana was the top blockchain ecosystem for new developers in 2024, a critical leading indicator for future growth since developers build applications that attract users who increase demand for SOL.
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