Crypto analysts have predicted a potential pullback for the cryptocurrency market.
Stellar (XLM) led the November crypto market surge after gaining 478%.
Bitcoin’s proximity to $100,000 complicates analysts’ expectations.
Crypto analysts predict a potential pullback for the market in December before the next uptrend begins. A recent analysis of November’s top 100 digital assets by performance highlighted an overheated funding rate.
Stellar (XLM) led the market with a 478% gain over the last 30 days. Virtual Protocol (VIRTUAL) ranked second with a 336% profit, while XRP and Algorand (ALGO) tied for third, each gaining 268% in November.
Read also: Stellar (XLM) Price Prediction 2024-2030: Will XLM Price Hit $1 Soon?
Bitcoin Breaks Records, Nears $100K
Donald Trump’s U.S. presidential victory fueled the November rally, breaking months of upside speculation. Bitcoin surged 48% since November 5, hitting a new all-time high of $99,800, according to TradingView. BTC surpassed the pre-halving high of $73,000, leading the broader market uptrend.
In the meantime, the recent crypto market s…
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