The price of Bitcoin has rapidly surged, successfully breaking through the $99,000 mark, igniting enthusiasm in the entire cryptocurrency market. Meanwhile, some established altcoins have also shown strong performance, especially Ripple (XRP).
According to data from Bitget, on November 22, XRP broke through 1.4 USDT, currently reported at 1.55 USDT, with a 24-hour increase of over 30%. Although the rise of established altcoins seems more low-key compared to the highly watched meme coin market, they are gradually gaining investor attention with steady growth.
Bitcoin's dominance over altcoins has now declined, as many altcoins like DOGE, ADA, AVAX, and DOT have experienced double-digit growth.
The decline in BTC's dominance only means one thing - altcoins are surging. While the situation for ETH, SOL, and BNB is not the same, other large-cap cryptocurrencies have seen astonishing spikes in the past day.
The super bull market has started! Here are 3 major altcoins to position before the altcoin season arrives!
DOGE
DOGE has been in the spotlight, especially after Musk's company, Boring Company, announced support for payments using Dogecoin (DOGE), which received a strong market reaction.
The strong growth in DOGE holders and the firm community support continue to drive its value and influence. With the ongoing support from Musk's market moves, there is a noticeable influx of huge capital, and DOGE has shown strong upward momentum. It is expected that over the next four years, DOGE will maintain its popularity, with many targeting its potential breakthrough of the $1 mark.
UNI
As the leading decentralized exchange in the Ethereum ecosystem, Uniswap, as a leader in the DEX field, has seen its market performance boosted by Trump's victory, demonstrating strong growth momentum. Since the launch of the AMM mechanism, Uniswap has been regarded as a benchmark in the DeFi industry. Each new version release, such as V3, V4, and UniswapX, brings shocks to the market and drives the development of the entire ecosystem.
The Unichain mainnet is scheduled to launch by the end of the year, and users who wish to become validators need to stake UNI, which will bring substantial buying support for UNI. Considering the presence of large holders in the Ethereum ecosystem, this initiative is expected to have a positive impact on the price of UNI. Looking ahead, Uniswap has enormous growth potential and a promising future.
AVAX
This month, the price of AVAX has been continuously rising, with an increase of 64%. As a new generation high-performance blockchain platform, AVAX's native token has also attracted investor attention.
With continuous technological innovation and market maturation, the future of AVAX remains full of potential and opportunities. Despite fierce competition in the crypto market, if AVAX can continue to stand out in the competition on the Avalanche platform as a payment method or settlement tool, its price is expected to continue rising.
