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Several altcoins have popped up in the past few weeks to register massive double- and even triple-digit gains at some point.. It all started after Donald Trump’s decisive victory in the US presidential elections when DOGE, alongside BTC, skyrocketed to new multi-year peaks, perhaps due to the asset’s affiliation with Elon Musk., surging by more than 420% within a month, charting a 7-year high, and becoming the third-largest cryptocurrency by market cap.
The past 24 hours have seen the rise of two other bright stars – Tron and Binance Coin. Both have blasted through their previous ATHs, especially the former. TRXOther noteworthy contenders include XLM, HBAR, DOT, and AVAX. Now, the community has started to speculate on which altcoin will be next.a new all-time high on November 14 at $0.00002457 . This came after numerous listings on large exchanges and a growing hype within the community.
Similar to DOGE, though, it retraced in the following weeks and now sits below $0.000021 – or 15% away from its peak from last month. It has remained somewhat on the sidelines, with the focus going on many of the aforementioned assets. However, it seems certain large investors, known as whales, are turning their attention back to it, which could suggest a further rally. Data from Lookonchain shows that a single whale had accumulated and withdrawn nearly $7 million worth of PEPE in the past 20 days. Such large purchases and withdrawals often precede price increases due to the declining available supply and immediate sell pressure.What Is Sui Network : The Ultimate Guide in 2024One Weekly Email Can Change Your Crypto Life.
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