This week marked a historic milestone for cryptocurrency, with Bitcoin hitting a new all-time high of $93,434.36 on November 13, driving the global crypto market's value to $3.11 trillion—surpassing the GDP of countries like Italy, Canada, and Brazil. This surge sparked widespread excitement across other digital assets, especially U.S. Bitcoin ETFs, which saw record trading volumes of $5 billion, with BlackRock's ETF contributing $3 billion of that total. Amid this bullish momentum, several altcoins demonstrated remarkable gains, drawing significant attention as potential market movers. This article highlights Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), Sui (SUI), and the new entrant Minotaurus (MTAUR) as top contenders to consider during this bullish phase.
Altcoins on the Rise in the Bull Market
1. Dogecoin (DOGE): Meme Coin's Meteoric Ascent
Dogecoin made a major comeback, surging 90% this week and reaching a price of $0.44 before experiencing a slight correction to $0.3747. Resistance is currently at $0.4, but if buying momentum continues, DOGE could aim for $0.5, and even challenge its all-time high of $0.74. This rally highlights the persistent popularity of meme coins, with investors increasingly turning to this category during the ongoing bull run.