5 Biggest Gainer Altcoins in November Bull Run

As a seasoned crypto investor who has witnessed the ups and downs of this volatile market for over a decade now, I can confidently say that the current bull run is shaping up to be quite promising. The recent surge in altcoins, coupled with Bitcoin’s stability, suggests that we are on the verge of witnessing some monumental gains.

For some time, enthusiasts of cryptocurrency have been eagerly awaiting a period of price growth, often referred to as a “bull run.” With the recent surge in the crypto market, experts believe that this anticipated bull run will finally materialize around 2025. During this period, they predict that not only Bitcoin‘s token prices but also those of various altcoins are likely to skyrocket significantly.

As a crypto investor, I’ve found that alongside Bitcoin (BTC), altcoins are the frontrunners in catching this wave of growth. Each month, it seems like a fresh crop of new cryptocurrencies pop up, climbing to the top of the cryptocurrency charts and offering early investors significant profits.

Shrewd investors are currently on the hunt for digital tokens that boast cutting-edge technology, exponential growth prospects, strong backing from a dedicated community, and a well-defined roadmap to steer the projects towards a bright future.

As the year 2024 nears its end, the total market value of the top altcoins has exceeded one trillion dollars, breaking previous records. This surge has led to a significant change in the global financial landscape and investment trends. For example, new projects such as 5thScape have garnered attention, with early investors already earning an annual percentage yield of 365%. The rapid growth of 5thScape is largely due to its successful presale. Now, both investors and gamers are finding value in this virtual reality platform.

With altcoins doing well in this season, here are 5 gainer altcoins in the November bull run

5 Altcoins for November Bull Run

1. XRP

This week, the price of XRP experienced a noteworthy surge, capturing market focus and breaching the $1 barrier for the first time since November 2021. At present, the value of XRP stands at $1.14, representing a substantial 6% rise compared to its price the day before.

Over just the past week, Ripple‘s value skyrocketed by an astounding 96%, generating significant buzz and drawing considerable attention within the digital currency sector.

The value of XRP has skyrocketed due to recent happenings within the crypto market. Last week, 18 U.S. states filed a lawsuit against the Securities and Exchange Commission (SEC) and its officials, including Gary Gensler, claiming that the SEC has been excessively intervening in the cryptocurrency sector without legal basis.

After Donald Trump, the incoming U.S. President, suggested that Gensler might step down, the amount of pressure on him has escalated.

2. Dogecoin

After the U.S. election results, Dogecoin has been consistently climbing, reaching its peak for 2024 on November 12th. As of now, it seems to have settled, fluctuating between $0.34 and $0.38.

The last 30 days were very good for $DOGE, as the well-known coin saw gains of more than 160%.

Last Friday, a hurdle in the legal realm regarding Dogecoin was cleared as a class-action lawsuit filed by investors alleging Elon Musk’s influence on the cryptocurrency’s price in 2021 was dismissed.

3. Sui (SUI)

In the recent past, the value of SUI has seen significant growth, increasing by approximately 41.34% over the last month and an impressive 71.38% in just a week’s time. At the moment, this coin is being traded between $2.17 and $3.53, with $4.02 serving as its immediate resistance level. If SUI manages to surpass this barrier, it might aim for its next resistance level at around $5.38, suggesting a potential 52% increase from the current price range.

Positive momentum is shown by the 10-day Simple Moving Average, which is $3.15, higher than the 100-day average of $2.77. The asset appears to be neither overbought nor oversold, according to the Relative Strength Index (RSI), which is at 51.80. SUI’s price movement is one to monitor for possible future growth based on these variables. As at the time of writing, SUI trades at $3.73.

4. Terra Classic (LUNC)

Over the past week, Terra Classic (LUNC) has seen a surge of over 31% and in the last month, it’s climbed approximately 23%. Right now, it’s trading between $0.00008 and $0.00011, nearing the resistance level at $0.00013. If it manages to break through this barrier, its potential target could be $0.00016.

The coin might be nearing a zone of potential overbuying, indicated by the Relative Strength Index (RSI) getting close to 70. The likeness between the 100-day and 10-day Simple Moving Averages hints that the current trend could persist.

The Moving Average Convergence Divergence (MACD) shows no preference or leaning, prompting traders to closely monitor Terra Luna Classic (LUNC) to determine whether it can maintain its current momentum or if it may fall back to the $0.00007 support threshold.

5. Stellar (XLM)

Over the past week, Stellar (XLM) has surged over 43%, reaching $0.1179. With the current price at $0.1273, it’s nearing a potential resistance point. If it manages to break through, it could potentially rise by nearly 20% to hit $0.1508.

The short-term moving average (10 days) is higher than the long-term moving average (100 days), signifying positive trending momentum. Additionally, the Moving Average Convergence Divergence (MACD) indicates this coin has entered an overbought zone as its Relative Strength Index (RSI) exceeds 86 and the Stochastic Oscillator is near 98. This could potentially lead to a drop in price towards the support level at $0.0804. Despite this, the overall trend remains bullish.

Conclusion

Currently, Bitcoin’s price movement seems to be horizontal following its foundation at $90K, but interestingly, the value of prominent altcoins is surging as well. Analysts are excitedly watching for the complete onset of the bull market to determine just how high these altcoins might fly.

2024-11-19 15:01