Crypto rebound or new bull run? Analyzing the performance of 4 altcoins
As the global cryptocurrency market cap approaches $3 trillion, Bitcoin’s recent rally to an all-time high of $89,000 has sparked excitement about a new bull run, setting the stage for renewed optimism in altcoins. Leading the way are Peanut the Squirrel (PNUT), Rexas Finance (RXS), Bonk (BONK), and XRP — all of which have seen significant price volatility. Below is an analysis of these four altcoins, breaking down the factors behind their gains and what investors can expect in the coming weeks. Best performing altcoins in the bull run 1. XRP: Positive news boosts investor confidence
Dogecoin (DOGE) has shown significant gains over the past few weeks, outperforming Bitcoin (BTC) and other major altcoins. Dogecoin has surged 170% in the past two weeks, a staggering 250% in the past five weeks, and 95% in the past five days alone. This meteoric growth has made Dogecoin one of the best performing digital assets in the current market landscape. Why is Dogecoin outperforming Bitcoin? Michael P. Regan, head of Bloomberg’s global cryptocurrency team and former senior market editor, elaborated on this phenomenon in an interview with Bloomberg Crypto. Responding to traditional investors’ skepticism about Dogecoin’s fundamentals, Regan acknowledged the token’s unexpected resilience.
$PNUT The old Ma concept has already increased by 200%, and the chain is another thousand-fold coin. Do you want to do something in the short term? How to say? Take ten points?
Market “Pricing Higher Fair Value” for Bitcoin (BTC) as Price Discovery Continues
Bitcoin (BTC) has been an outstanding performer over the past week, surging 30% since the U.S. election on November 5. The flagship cryptocurrency surpassed its all-time high (ATH) in March and has hit new highs almost every day over the past seven days. Bitfinex analysts noted that despite the increase in speculative activity, the market remains “relatively stable.” Bitcoin’s “fair value” is already priced at a higher level Cryptocurrency markets have surged following Donald Trump’s victory last Tuesday, with the market cap soaring to $3.05 trillion. Bitcoin has led the post-election bull run, with prices up 30% and approaching the $90,000 mark earlier today.
Solana (SOL)’s battle of fate: Only by maintaining a stable level of $200 can the next rebound begin. Can it stand out?
Solana started a fresh increase above the $200 support area. SOL price is correcting gains and it must stay above $200 for a fresh increase. SOL price started a new uptrend after it stabilized above $188 against the US dollar. The price is currently trading below $212 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support at $210 on the hourly chart of the SOL/USD pair (data source: Kraken). If the bulls defend the $200 support area, the pair could start a fresh increase.
Ripple's XRP Target is a 75% Increase, Technical and On-Chain Breakdown
XRP Technical Analysis and Upcoming Levels According to CoinPedia's technical analysis, XRP is currently facing strong resistance around $0.75. Historically, this level has acted as significant selling pressure, leading to price declines. However, the asset price reached this level after March 2024, market sentiment has changed, and the interest of investors and traders is now focused on the next level. Based on recent price movements and historical momentum, if XRP breaks the resistance level and closes above $0.76 on the daily chart, it is very likely to surge 75% to the level of $1.36 in the coming days.
Discussion on XRP Price Trends and the 2024 Election Triggering a New Round of Rebound
Analysts are once again closely monitoring XRP's price movements and the U.S. election cycle. Many market watchers have indicated that if pro-cryptocurrency candidates win, XRP could see significant gains, similar to what has happened after other elections. Could this be the start of another rebound? The value of XRP surged after the 2016 and 2020 U.S. elections, as market observers had anticipated. These two significant events benefited the cryptocurrency, and analysts expect this to happen again in 2024 under Donald Trump's leadership.
Cryptocurrency investors are excited about the latest surge in Bitcoin's price, which occurred just days after the U.S. elections and was driven by positive market sentiment towards the digital currency industry. As the price of Bitcoin, this digital currency, rapidly approaches the much-anticipated $90,000 mark, long-term holders of this first cryptocurrency are now beginning to take an interest in Bitcoin. $90,000 is just around the corner Data shows that BTC prices continue to soar, and analysts are confident that it will reach the $90,000 level faster than expected. Just days after Donald Trump returned to the White House, Bitcoin's price has been rising due to the new government's favorable treatment of the cryptocurrency industry.
Aptos price is expected to reach $20 after the launch of the Bitwise ETF
Aptos Price (APT) is a layer 1 proof-of-stake (PoS) blockchain with strong momentum, reflecting a robust bullish trend. Since the U.S. elections, the token has surged alongside other cryptocurrencies, becoming one of the best-performing tokens in recent days. Currently, Aptos is poised to break through and seems set to challenge the $20 mark, potentially pushing it to historical highs, especially after Bitwise announced its upcoming ETF. Aptos stock price is expected to reach $20 after the launch of the Bitwise ETF With Bitwise announcing the launch of the Aptos ETF in Switzerland, Aptos's price is expected to soar, potentially reaching $20. Major player Bitwise in the asset management field plans to list the ETF on Switzerland's main stock exchange, SIX, to enhance its credibility and appeal.
Litecoin (LTC) price target of $100, short-term holders increase by 31%
Since August 2023, the price of Litecoin (LTC) has established a strong macro support level above $59, indicating that a bullish breakout is imminent. This mid-cap altcoin has a fully diluted valuation (FDV) of about $6.4 billion, with its average daily trading volume surging by 107% during the early New York trading session on Tuesday, November 12, hovering around $1.73 billion. Following a 14% increase last week, the price of Litecoin has indicated that a bullish rebound is imminent. Furthermore, the weekly relative strength index (RSI) has surged above 50% for the first time since May of this year.
The Spotlight on Altcoins: Four Cryptocurrencies Expected to Soon Challenge Historical Highs
As Bitcoin (BTC) continues to rise significantly, breaking the $85,000 mark and setting new all-time highs, market experts predict that capital will shift toward several major altcoins that have yet to retest their previous peaks. Prices of major cryptocurrencies rose after the election. Market expert Jesse Olson recently shared his altcoin watchlist on social media platform X (formerly known as Twitter), emphasizing that four cryptocurrencies, including Solana (SOL), are key players that could bring significant returns in the future. SOL's current trading price is around $218, having surged 36% in the past week, outperforming many of the top ten cryptocurrencies. Notably, Solana is only 15% lower than its all-time high of $259 set in November 2021.
Bull Market Phase 1: Rising to the point that you are afraid! Bull Market Phase 2: Rising to the point that you are no longer afraid! Bull Market Phase 3: Rising to the point that you think it will continue to rise! Bull Market Phase 4: Falling to the point that you think it will still rise! Which phase are we currently in??? #牛回速归,晒晒你的持仓? $BTC
Cardano (ADA) Rebound Pauses: Will It Explode Again Soon?
Cardano's price has started a consolidation phase below the $0.6650 area. ADA maintains its upward momentum and may aim for new gains above $0.6500. The ADA price started a downward correction after a strong rise to $0.6600. The price is currently above $0.580 and the 100-hour simple moving average. On the hourly chart of ADA/USD, a key contracting triangle has formed, with support at $0.5780 (data source: Kraken). If the currency pair breaks through the resistance zone of $0.6060, it may start to rise again. Cardano's price consolidates gains.
Ethereum (ETH) price rises but lags behind Bitcoin (BTC) momentum
Ethereum price starts a new round of increase above the resistance level of $3,120. ETH shows positive signs but struggles to catch up with Bitcoin's momentum. Ethereum begins a new round of increase above the resistance area of $3,000. The price is currently above $3,120 and the 100-hour simple moving average. On the hourly chart of ETH/USD, a key bullish trendline has formed, with support at $3,230 (data provided by Kraken). If it breaks the resistance level of $3,350, the currency pair may continue to rise. Ethereum price is steadily rising
Bitcoin (BTC) Current Situation Revealed: Overheated or Not? Key Indicators Open the Door to Insights for Investors, the Truth is About to Explode!
Challenges Facing Key BTC Indicators The analyst further points out that establishing a causal relationship between price and open interest remains challenging, as historical data shows that price volatility often drives changes in open interest levels rather than the other way around. Additionally, the analyst noted that with the growth of the futures market and the adoption of Bitcoin, higher levels of open interest are expected in the coming years.
Aytekin believes another potentially misleading indicator is 'Profit Supply', which measures the overall network's profitability. This indicator is related to Bitcoin's nominal price and often leads to a significant surge in profitability above 95% during ATH periods.
Analyst Expects Chainlink Price to Surge to $600 and “Overtake ETH”
Chainlink’s price has not been left behind by the bull run. LINK price has broken through a three-month resistance level, reestablishing a bullish trend. Following this strong price action, one analyst predicts that Chainlink will surge above $600 and eventually surpass Ethereum’s market cap by the end of the bull run. Can LINK do this? In the New York pre-market trading session on November 11, the LINK price hovered around $14.07, down 3.2% in the past 24 hours. Chainlink Price Expected to Reach Ethereum’s Market Cap Sam, a cryptocurrency analyst and macro investor, predicts that Chainlink will replace Ethereum by the end of this bull run. Sam says Chainlink’s blockchain-neutral nature makes it a winner compared to networks like Solana (SOL), Avalanche (AVAX), or Ethereum (ETH).
Opening Notes: How to grasp the short-term situation of Bitcoin breaking through the 80,000 mark? The adjustment of the aunt is over and the short-term rebound is expected
Big Pie Technical Analysis———— The daily line of the big cake, after the high-level shock, rose again on Sunday to break through the 80,000 mark, touched the 81,900 area and slightly retreated and adjusted. It opened and rose during the day. It is currently running above the upper rail. The Bollinger Band is in an open state. The short-term moving average is arranged upward. The MACD fast and slow lines cross and extend upward. The volume column continues to increase. KDJ has signs of turning around near the 100 value. The VR indicator is consolidating near the 150 value. In the 4-hour view, the market is running around the upper rail. The Bollinger Band horn is open. The short-term moving average runs upward. The 7 average follows the K-line movement. The MACD fast and slow lines cross upward. The volume column shrinks. KDJ moves upward again. Pay attention to the resistance near the 100 value. The VR indicator is consolidating near the 210 value. Overall, the market has refreshed the historical high again. Today, Monday, the market may continue to rise. The short-term support is around 80,500. Just pay attention to the gains and losses. See short-term suggestions.
Top altcoins FLOKI, MOG, and PEPE are expected to set all-time highs in November this year
With the start of altcoin season and Bitcoin reaching an all-time high, broader market sentiment is soaring. As the likelihood of continued rises increases, savvy investors are looking for altcoins ready to set new historical highs. So, let's take a closer look at the top altcoins that set all-time highs in the November rebound. Top altcoins set all-time highs: Mog Coin (MOG) On the daily chart, the MOG token shows bullish struggles maintaining a cup and handle pattern. Over the past 5 days, it has experienced nearly a 15% pullback. However, the trend of higher lows continues, and it maintains dominance above the 78.60% Fibonacci level, at $0.00000181.
Solana Explodes! Price Soars to $211, Where's the Next Wealth Explosion Point? In-Depth Analysis Incoming!
After Bitcoin's explosive surge, Solana's price broke through key resistance levels over the weekend. The SOL price has risen back to $211, setting a new annual high, and may soar to new highs in the coming days. As of 00:35 Eastern Time, SOL price has dropped 1.5% in the past 24 hours, trading at $205.33. Analysts say Solana price is about to enter a 'blue sky' Cryptocurrency analyst Corne Marchand pointed out that SOL price may reach new highs. Marchand stated that before hitting historical highs, Solana only needs to overcome one major obstacle. This obstacle is the $248 mark, which is also Solana's previous all-time high.