D.O.G.E has so much room to move because as larger tokens like Dogecoin lose steam, profits are being rotated into smaller market caps like D.O.G.E. Additionally, there is a higher number of buyers than sellers for the DOGE token on Ethereum, suggesting organic growth.
The number of holders with significant investments is increasing, and whale activity appears stable, indicating that large investors are not selling off their holdings.
D.O.G.E is a multi-billion dollar token with a $300 million market cap, which means it can rally by over 500% from the current price level. Among these 5 altcoins to buy in November, DOGE on Ethereum has the most upside.
XRP (XRP)
XRP price broke above $1 recently after stagnating below this level for 3 years. Due to this, talk of the potential of XRP to flip Bitcoin and Ethereum has begun seeping into the crypto community.
XRP previously held the number two in the crypto rankings, briefly surpassing Ethereum in 2019. Its significance in the crypto space has been long-standing, and it is expected to play a crucial role in the financial system globally, appealing to both BRICS nations and IMF countries XRP is poised for a potential rise in market relevance, with the possibility of flipping Ethereum once again as the ETH performance has been lackluster for the better part of 2024.
Hedera (HBAR)
Hedera Hashgraph is a layer-one protocol that uses a novel consensus mechanism. It is not a blockchain but a hash, making it fast and cheap. The HBAR token has performed well since November 5, rising over 100%. HBAR is currently a zone of resistance but still has a long way to go before it hits the previous ATH