There are five major directions worth paying attention to at this stage:
1. Meme section:
Meme series such as Pepe, Floki, Bonk, People, and Doge are still hot spots in the market, especially the recently released Neiro and Turbo have also attracted a lot of attention. Although Meme coins do not rely on technology or fundamentals, they still have the potential to cross cycles with their strong community power and capital inflows, especially when the market is strong, they can explode in the market. It is a good choice to properly configure the Meme series in the spot market.
2. AI Artificial Intelligence Sector:
AI is the core trend of the future, and related currencies such as Arkm, Phb, Wld, Fet, INJ, etc. are worth paying attention to. With the continuous development of artificial intelligence technology, these varieties are expected to become the next explosion point of the market. In the future market, the AI track will undoubtedly become an area that cannot be ignored.
3. RWA (Real World Assets):
RWA projects like Ondo and Polyx can connect blockchain technology with real assets and have great application potential. This is a track that can be implemented, and we are optimistic about its future development opportunities in the long term.
4. Re-pledge section:
Projects such as Pendle, BB, and Eigen involve cash flow management of assets. As an indispensable part of the future decentralized finance (DeFi) field, these projects have great development potential and subsequent opportunities are worth seizing.
5. Public chain sector:
In each round of bull market, there are always new public chain projects that are pushed to the forefront. Old or emerging public chain projects such as ETH, INJ, TON, SUI, etc. are still the focus of the market. As the infrastructure of blockchain, public chains will trigger a new wave of enthusiasm in each round, especially those powerful projects.
5 cryptocurrencies that could explode 100 times in the altcoin bull market!
PERSON
Bittensor (TAO) made notable gains, rising more than 9% to $626. The project's market value currently stands at $4.6 billion. This price action follows a breakout of a descending channel pattern around $538, suggesting that the downward trend may be reversing.
Technical indicators support this upward trajectory. The relative strength index (RSI) is at 56.85, indicating growing bullish momentum while avoiding the overbought region, which suggests that prices are not overinflated. Moreover, the cryptocurrency is trading well above its 200-day simple moving average (SMA) of $122.07, specifically 413.01%. Trading above this long-term average typically indicates strong market sentiment.
Market sentiment remains bullish, predicting that the price could rise by 229.56%, possibly reaching $1,957.66. These predictions, while optimistic, depend on ongoing market conditions and investor interest. Cryptocurrencies have high liquidity relative to their market capitalization.
SAND
As the bullish momentum builds, SAND price has risen by about 80% this week and 150.67% in the past 30 days. Moreover, with a market cap of $1.564 billion, it ranks 66th in the global cryptocurrency market.
The Relative Strength Index (RSI) continues to hover above the overbought territory on the daily timeframe. Moreover, its average trendline is showing a bullish trend. This suggests that the altcoin has a promising outlook in the coming period.
If the bulls regain momentum, SAND price might retest its upper resistance at $0.80. On the other hand, a bearish pullback might lead the price to test its lower support at $0.50.
ACT
Act 1: AI Prophecy ($ACT) has taken the cryptocurrency market by storm, surging more than 60% in just 24 hours, with its trading volume soaring 293.50% to $776.38 million according to CoinMarketCap. The rapid growth was triggered by Binance’s announcement that $ACT would be listed, with trading set to begin on November 11.
Prior to this, the Binance listing acted as a catalyst, pushing the token above its 50-day and 200-day simple moving averages (SMAs), signaling a strong bullish trend. The relative strength index (RSI) is currently at 95, indicating that the token may be overbought and potentially overvalued.
Market sentiment is extremely positive, with a Fear & Greed Index score of 78, indicating "extreme greed". It is predicted that if the cryptocurrency market remains favorable, the average price of $ACT may reach $2.19 by 2024. However, if the situation deteriorates, the price of the token may fall to $0.39. Currently, the rise of $ACT shows its potential, but investors should keep an eye out for signs of a market shift or correction.
PNUT
PeanutSquirrel ($PNUT) has made waves in the meme coin market, gaining a whopping 2,429.76% this month to $1.34. The impressive rally was helped by a top exchange listing and a popular tweet from Elon Musk. The token’s 24-hour trading volume also surged, up 4.89% to $1.29 billion, according to CoinMarketCap.
$PNUT’s popularity began with a viral story about Peanut, a pet squirrel that was temporarily confiscated by local officials in the U.S. due to concerns about rabies. When tests confirmed that the squirrel was rabies-free, interest in the token soared, attracting the attention of investors.
The bullish momentum is strong, with $PNUT breaking above its 50-day simple moving average (SMA). Its relative strength index (RSI) has climbed to 85, showing strong buying pressure. The moving average convergence divergence (MACD) also supports the trend, indicating that the MACD line has crossed above the signal line, which could lead to further gains. If the current trajectory remains unchanged, $PNUT could soon reach its next target of $1.50.
However, the higher RSI suggests that the coin may be overbought, increasing the likelihood of a pullback as investors book profits. In this case, $PNUT could fall back to support levels around $0.40.
RENDER
RENDER has surged 76% in the past 30 days, solidifying its position as one of the most important AI currencies on the crypto market. Even with this recent surge, RENDER is still 35.09% below its all-time high set in March 2024.
RENDER competes fiercely with TAO and has consistently occupied the first and second positions among AI tokens. Both have a market capitalization of approximately $4.55 billion.
The growing narrative around AI altcoins, driven by advancements in crypto AI agents, has created significant momentum for the space.
If this trend continues, RENDER will benefit from growing adoption and interest, potentially outpacing Bitcoin’s growth and maintaining its upward trajectory into December.
