November has brought a lot of optimism to the cryptocurrency world. Several cryptocurrencies are on the rise. Amid this buying frenzy, Dogwifhat (WIF), BONK, and FLOKI have risen to the top. Analysts believe that these cryptocurrencies will break out this month.
Dogwifhat (WIF) Secures Coinbase Listing
Dogwifhat (WIF) has surged following Coinbase’s latest decision. The leading cryptocurrency exchange announced the listing of Dogwifhat on November 13. Notably, WIF’s open interest has also surged by 40%.
Experts believe that this listing could help Dogwifhat join the ranks of Dogecoin as the most profitable meme coin in 2024.
Meanwhile, Dogwifhat’s trading price has increased by 70% in the past week. Currently, the price of one WIF token is $4.09.
Bonk (BONK) debuts on Binance.US
Bonk (BONK) has become one of the biggest gainers in November. In the last week, Bonk (BONK) has gained more than 71%. Bonk (BONK) is currently trading at $0.000043.
The latest surge in the price of Bonk (BONK) came after it debuted on leading cryptocurrency exchange Binance.US.
According to analysts, the Binance.US listing could significantly boost trading in Bonk (BONK), further supporting its price.
Floki (FLOKI) active addresses surge
The latest data from IntoTheBlock shows that Floki (FLOKI) on-chain activity has surged over the past week. The number of new Floki (FLOKI) addresses has increased by 331.93%. In addition, active Floki (FLOKI) addresses have increased by 233.42%.
Data shows that Floki (FLOKI) has seen increasing user adoption and increasing trading volume. The market capitalization of Floki (FLOKI) has surpassed the $2.21 billion mark.
Floki (FLOKI) has gained 62% on the weekly price chart. Currently, Floki (FLOKI) is trading at $0.00023.
PEPE Coin: A Deflationary Memecoin Inspired by Pepe the Frog
PEPE is a deflationary memecoin launched on the Ethereum network, inspired by the Pepe the Frog meme from the early 2000s. It aims to emulate the success of currencies like Dogecoin and Shiba Inu. PEPE has no transaction taxes and accepts its identity as a memecoin with no utility. It reached a peak market cap of $1.6 billion in mid-2023, sparking a memecoin frenzy. The token has a burn mechanism to increase scarcity and reward long-term holders. Its roadmap focuses on increasing visibility through social media trends and listing on major exchanges. As an ERC-20 token, it benefits from the security of Ethereum. In the current market cycle, PEPE has attracted the attention of crypto enthusiasts interested in memecoins.
Dogecoin: From meme coin to market phenomenon
Dogecoin is a cryptocurrency that started in 2013 as an interesting alternative to traditional digital currencies, with a Shiba Inu symbol. Unlike Bitcoin, Dogecoin has no maximum supply, with 10,000 new coins mined every minute. Initially considered a joke, it has seen a massive surge in value in 2021, fueled by social media and endorsements from celebrities such as Elon Musk. The surge highlights the influence that online communities have on financial markets. Dogecoin's ample supply and active community make it a candidate for daily transactions and online tipping. Its appeal in the current market cycle depends on continued investor interest and market trends, but its continued popularity suggests it remains a significant player in the cryptocurrency space.
