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Jimmy Aki
Author
Jimmy Aki
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Why Trust Cryptonews
Bitcoin’s market cap reached $1.81 trillion on Thursday, positioning it as the world’s seventh-largest asset and solidifying its dominance in the cryptocurrency sector.
Meanwhile, the total cryptocurrency market cap surpasses $3.02 trillion, reflecting growing interest in digital assets.
This growth has not only boosted Bitcoin’s dominance but also sparked increased interest in alternative cryptocurrencies among investors.
A recent report revealed that 57% of institutional investors are preparing to increase their crypto allocations.
Additionally, 65% expressed optimism about crypto’s long-term potential.
This growing enthusiasm, backed by Sygnum’s Future Finance survey, highlights a rising risk appetite and mounting trust in the crypto market.
Investor sentiment may turn more bullish in 2025 due to anticipated U.S. Federal Reserve interest rate cuts.
While Bitcoin continues to strengthen, attention has turned to alternative coins presenting compelling growth potential.
Here’s a closer look at some of the best cryptos to buy now, including Dogwifhat (WIF), POPCAT (POPCAT), and Bonk (BONK).
dogwifhat (WIF): Why It’s Among the Best Crypto to Buy Now
Dogwifhat (WIF) has gained considerable attention with its unique branding as a Shiba Inu knitted dog on the Solana blockchain.
Recently, WIF surged 24.7% in the last 24 hours, setting a new all-time high of $4.91
Over the past week, WIF’s value has appreciated by an impressive 74.40%, solidifying its appeal among meme coin investors.
This bullish performance follows Coinbase’s listing announcement on November 13, which helped WIF break through the $2.95-$3.00 resistance zone, pushing it to a new record high.
A deeper look into its price action shows that WIF has consistently held an ascending support trend line since August 5, with higher lows signaling strong buying pressure.
Technically, the Relative Strength Index (RSI) stands at 61.54, suggesting room for further upside without an immediate overbought signal.
WIF has also invalidated a potential double-top pattern, reducing the risk of a bearish reversal and reinforcing the current uptrend.
Many investors, driven by this momentum, anticipate WIF reaching $10 by the end of the year, with some optimists targeting $50-100 in the longer term.
POPCAT: A Top Meme Coin with Growth Potential
POPCAT, the third-largest meme coin on Solana, has experienced recent volatility, initially declining 18% to $1.43 before rebounding by 34% in the last 24 hours to achieve a new high above $2.
This recovery signals renewed investor interest in POPCAT, particularly as meme coin enthusiasts and influencers forecast a potential rally to $5 or even $10.
POPCAT’s transaction volume has reached record highs, highlighting strong engagement from traders.
The coin’s Relative Strength Index (RSI) has shifted from bearish to bullish territory, with the neutral 50.0 level now acting as support.
This momentum shift could position POPCAT for a continued uptrend as buying pressure intensifies.
BONK: Bullish Sentiment During Altcoin Season
As the fifth-largest meme token, BONK boasts a market cap of $2.93 billion.
Trading at $0.00003906 at press time, BONK has experienced a significant 67..33% surge in the last 30 days.
The recent price action shows BONK forming a triangle breakout pattern on its daily chart, with an uptrend pushing it toward the critical psychological mark of $0.000040.
Over the last one week, BONK has appreciated by 78.61%, driven by a bullish series of six consecutive daily candles.
In tracing its upward trajectory, BONK has achieved a 124% gain in ten days from a low of $0.00001580.
Technical indicators are also favorable: the 50-day and 200-day simple moving averages (SMA) are close to a bullish crossover, while the MACD suggests continued upside as momentum builds.
BONK’s bullish indicators suggest it could challenge new highs as it navigates the current altcoin season.
Better Alternatives to Consider
For those exploring diversification options, upcoming meme coin presales in November 2024 may provide opportunities to enter the market before public launches.
Following the recent U.S. elections, 271 pro-crypto legislators have been elected, and former President Donald Trump’s stance on crypto regulation has spurred optimism for a friendlier regulatory landscape.
With these potential regulatory changes on the horizon, crypto is positioned for a substantial increase in adoption and value.
Investors looking for the best crypto to buy now can consider these emerging tokens and stay informed on market movements to make the most of their portfolios.
17 Best New Meme Coins to Buy in November 2024
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
