In November 2023, the crypto market continues to astonish: record Solana trading volumes, Hedera trend decline, and Qubetics prospects.
Qubetics Impact on Blockchain Development
The Qubetics project is gaining popularity due to its QubeQode IDE tool. This visual development environment simplifies blockchain work by offering functionality to integrate pre-built features into applications. The system supports the configuration of application logic and smart contract parameters using intuitive forms and has a built-in library of ready-made solutions.
Solana and DEX Volume Growth
In November, Solana is showing significant growth: weekly trading volume on decentralized exchanges (DEX) reached $41.6 billion. This success is linked to increased trader interest in Solana, and analysts forecast the possibility of reaching the $300 mark by early 2025 if the market continues its bullish phase.
Hedera Trend Drop and Its Implications
Despite previous growth, the average directional index (ADX) for Hedera fell from 60 to 26.2 over three days, indicating a decrease in trend strength. This may signify only a temporary weakening of activity, yet it is important to stay alert and decide how to proceed going forward.
The cryptocurrency market in November is full of events: Solana strengthens amidst record trading volumes, Hedera undergoes changes, but Qubetics remains a promising project for developers.
