The cryptocurrency market is basking in bullish waters as Bitcoin soars past the $75K mark to sit at a new high of $76K. At the same time, this market rejuvenation has given birth to a new altcoin phenomenon where investors look forward to exploring potential altcoins capable of delivering stellar monthly gains. Here are the three altcoins other than Bitcoin that are best to invest in as the current US election euphoria spreads across the globe.
Also Read: De-Dollarization To End? Trump To Shield US Economy Using Bitcoin
Three Cryptocurrency Coins To Stock Now For Bullish Gains
1. Solana (SOL)
Solana is currently one of the trending cryptocurrency tokens to invest in at the moment. SOL has reclaimed the $200 earlier and is constantly gaining the central spotlight as crypto portal Santiment outlined earlier. SOL is maintaining its record of outpacing other leading chains in new categories and domains.
“On November 6, 2024, Solana recorded its all-time high in daily perpetual trading volume. Facilitating over $2.28B worth of volume, Solana flipped Hyperliquid, the previous market leader, to command 20.58% of Perps market share. “ Solana Floor reported after analysis of the data from DefiLlama data.
As per CoinCodex, Solana may ascend to a new high by the end of November 2024, sitting at a new high of $224.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 13.18% and reach $224.23 by December 8, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 69 (greed). Solana recorded 17/30 (57%) green days with 7.82% price volatility over the last 30 days. Based on the Solana forecast, it’s now a good time to buy Solana.”
2. Dogecoin (DOGE)
Dogecoin has also been trending high on the cryptocurrency radar at the moment with the Trump-Musk duo winning the US elections. As investors continue with their search to find alternate tokens full of potential returns, Musk’s closeness with Dogecoin is one of the reasons that have compelled investors to explore Doge in recent times. If Musk assumes a key cabinet role in the government, the development may push Doge to hit new highs in no time.
Per CoinCodex, the cryptocurrency may drop 13% by next month to sit at a new price of $0.16. However, these metrics may change if Trump makes a new announcement concerning Musk’s cabinet stint, which may later impact Doge positively.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -13.11% and reach $ 0.169475 by December 8, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 69 (greed). Dogecoin recorded 18/30 (60%) green days with 16.88% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”
Also Read: Expert Forecast: S&P 500 to Gain 11% by Mid-2025
3. Ripple (XRP)
Ripple is also expected to document a new price surge as Trump takes over the White House. Trump had earlier vowed to remove Gary Gensler as the US SEC chair, a key element of the Ripple SEC legal case. If Gensler is removed from his position, this may usher in a new era for XRP, helping the cryptocurrency score new highs.
.@realDonaldTrump, Congratulations!
Some fodder for your first 100-day checklist to get things moving:
– Fire Gensler. Day 1, no delays.
– In his place, appoint Giancarlo, Brooks, or Gallagher – they’d be massive upgrades in rebuilding the rule of law (and reputation) at the…— Brad Garlinghouse (@bgarlinghouse) November 6, 2024
According to CoinCodex, XRP may sit at a new high of $0.64 by the end of November 2024.
“According to our current XRP price prediction. The price of XRP is predicted to rise by 15.76% and reach $0.645639 by December 8, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 69 (greed). XRP recorded 17/30 (57%) green days with 2.59% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
📊 As altcoins made huge runs post-US election, the rate of discussion toward crypto's top assets are directly correlating with price activity.
📌 Most eyes are still on Bitcoin as traders see whether it can surpass $80K by the end of the week
📌 Ethereum has made a recent jump… pic.twitter.com/wiqemhKzpT— Santiment (@santimentfeed) November 7, 2024
Also Read: Dogecoin Millionaire Count Soars 40% Following Donald Trump Victory
