Bitcoin’s recent surge beyond $70,000 has ignited significant momentum across the cryptocurrency market. On November 6, BTC reached a new record high of $76,350, driving renewed interest in the altcoin sector. Despite Bitcoin’s growing dominance, several altcoins have seen substantial capital inflows and are positioned for potential rallies. Here are five altcoins currently gaining traction:
1. Lido DAO (LDO)
Leveraging the upward momentum of Ethereum, $LDO has surged by 33% in the past 24 hours. This staking protocol has emerged from a consolidation phase, topping the list of gainers. With ETH approaching the $3,000 mark, further sharp increases in $LDO could be on the horizon.
2. Ethena (ENA)
$ENA, an Ethereum layer-2 project, has made a notable move, rising by 27% in the last 24 hours. Well-regarded in the Turkish crypto community, $ENA’s breakout follows an extended accumulation phase, signaling a potential long-term rally.
3. Raydium (RAY)
As Solana’s price climbed past $180, interest in Raydium, its decentralized exchange, surged. $RAY demonstrated a strong 20% performance over the last day, capitalizing on Solana’s bullish trend.
4. Aave (AAVE)
A prominent name in the DeFi sector, Aave has rebounded with a 19.5% increase in 24 hours. Following a prolonged period of inactivity, $AAVE’s resurgence has reinvigorated investor enthusiasm, potentially marking the start of a broader DeFi revival.
5. First Neiro (NEIRO)
$NEIRO, a standout among recent memecoins, captured attention with a 19% gain. Surpassing many of its peers in the altcoin space, NEIRO appears ready for the next bullish wave, outperforming not just memecoins but the general altcoin market.
As Bitcoin continues its record-breaking ascent, these altcoins are primed for further gains, making them ones to watch closely in the coming days.
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