• Bitcoin’s ATH: Bitcoin is nearing an ATH above $73,800, driven by ETF inflows and yield-generating protocols creating a supply squeeze.

  • Meme Coin Surge: Meme coins, boosted by viral tokens like Nerio and AI projects, rose 44% in market cap, and the trend may persist in November.

  • Political Meme Coins: Election-related coins (e.g., MAGA) surged by over 500%, but these gains may be short-lived post-election hype.

  • The crypto market has began noting a comeback as October emerged as the turning point for many digital assets. This is expected to contunue as we move into November but even so there are certain potential developemtns that should have the investors’ attention on.

    BeInCrypto’s analysis of three of the biggest crypto predictions for November shows that the market is ready for an unconventional era.

  • Bitcoin Will Establish a New All-Time High

  • Bitcoin’s price is just at the cusp of breaching the resistance at $73,800 and forming a new all-time high. The crypto king is currently trading at $72,181 after noting a 14% growth throughout October.

One of the biggest driving factor for Bitcoin are going to be the spot BTC ETF inflows and the same was iterated by Juan Pellicer, Senior Researcher at IntoTheBlock in an exclusive quote to BeInCrypto.

Meme Coin Mania Continues

Meme coins have been a key focus for investors this past month. This is because many of these joke tokens outperformed several major top altcoins. The coming month will likely continue this trend as more meme coins have emerged this past month.

Ryan Lee, the Chief Analyst at Bitget Research, exclusively told BeInCrypto that there are deeper dynamics at play.

In the past month, the meme coin sector has seen a 44% jump in total market capitalization. Meme coins collectively are now worth $62 billion, up from $43 billion, and this will likely continue in November.

Political Coins Are Ready for an Explosion

The upcoming elections in the United States of America are among the most anticipated events of the year. Ahead of the elections, which are set to be held on November 2, crypto tokens associated with political memes have already exploded.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice.

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