As the crypto market heads into November, investor interest is surging. While Bitcoin’s recent price increase has energized altcoin markets, some analysts believe a select few altcoins could outshine Bitcoin this month. Despite the election-related boost in crypto activity, certain market conditions indicate that some altcoins may see stronger growth than Bitcoin. With Bitcoin climbing to £71,200—a 5.4% increase—optimism is high, yet CoinGape analysts point to three promising contenders: Dogecoin (DOGE), Solana (SOL), and Sui (SUI), each expected to potentially surpass Bitcoin’s performance this month.
First Altcoin Poised to Beat Bitcoin: Dogecoin
According to analysts, Dogecoin (DOGE) has recently gained 15% over the past week, reaching £0.165, drawing renewed interest. Up 139% since the beginning of the year, Dogecoin’s price surge has attracted significant attention from whale investors. Recent data indicates a noticeable increase in transactions exceeding £100,000 on Dogecoin, particularly toward the end of October. This surge suggests Dogecoin could outperform Bitcoin in November, hinting at strong market support and potential price growth.
Solana and SUI in Focus
Solana (SOL), known for its high-speed and low-cost transactions, continues to gain traction in the DeFi space. Solana’s support for a wide ecosystem of decentralized applications (DApps) has boosted its value, especially in DeFi. With a 4% increase in the past 24 hours, Solana reached £182 and is up 460% for the year. Experts believe that if Bitcoin’s uptrend continues, Solana could break £190 this month, with some analysts projecting a potential rise to £260 if investor optimism holds.
Meanwhile, Sui (SUI) is attracting attention as a secure, scalable Layer 1 blockchain. With its emphasis on privacy and asset management solutions, Sui has made impressive strides, reaching a total value locked (TVL) of £9.36 million in DeFi. Sui’s recent price increase to £1.87 represents a 10% single-day gain, bringing its annual rise to 310%. Analysts believe Sui has the potential to outperform Bitcoin this month, positioning it as a competitive choice in the crypto landscape.
The Bit Journal will continue monitoring these altcoins as November unfolds, watching for shifts in the market that could favor Dogecoin, Solana, and Sui over Bitcoin.
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