PEPE

Elon Musk

<p>The cryptocurrency market is abuzz with excitement as several altcoins – including XRP, DOGE, BONK, SOL and PEPE – experience explosive gains. These altcoins have spiked over 100% in the past few days as Bitcoin manages to hold $90,000 levels. The current price action from Bitcoin is acting as a pillar of stability for the broader market and fueling bullish sentiment.&nbsp;</p>
<h2 class="wp-block-heading" id="bitcoin-s-steady-ascent-to-90k">Bitcoin’s Steady Ascent to $90K</h2>
<p>Bitcoin has managed well to secure its position near the $90,000 price mark, a historic milestone for the world’s largest cryptocurrency. Analysts suggest that this stability stems from a combination of factors including sustained institutional inflows, diminished sell pressure from long-term holders and anticipation of $100,000 price levels.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd-i3GHV7qEE5DAlDKyDFLDMX49Bql0EmfyAdHRLUOXbD4XVpiRlkNKPX7cYsT7Dp0mOiGQobWKHCkUuMg1GGOY3aVjHzaIf0TzpF3licz4Gxb1ct1FE7CzLijI2Xlubxpq3TvaWw?key=uKN-lYZgJ8Q_4iboZzH2ge6H" alt="AD 4nXd i3GHV7qEE5DAlDKyDFLDMX49Bql0EmfyAdHRLUOXbD4XVpiRlkNKPX7cYsT7Dp0mOiGQobWKHCkUuMg1GGOY3aVjHzaIf0TzpF3licz4Gxb1ct1FE7CzLijI2Xlubxpq3TvaWw?key=uKN lYZgJ8Q 4iboZzH2ge6H">
</figure>
<p><em>BTCUSD – TradingView</em></p>
<p>In addition, Donald Trump’s win in the U.S. Presidential Election of 2024 has played a key role in sending Bitcoin – and eventually the whole crypto market – to new highs. This, coupled with macroeconomic uncertainty, has driven huge demand for Bitcoin among both retail and institutional investors.</p>
<h2 class="wp-block-heading" id="altcoin-market-light-ups">Altcoin Market Light Ups</h2>
<p>With Bitcoin holding its ground at $90,000, altcoins are seeing unprecedented growth – led by major players like XRP, Dogecoin, BONK, SOL and PEPE. These tokens have been the highlight of this week’s rally, captivating traders and investors with their mammoth gains.&nbsp;</p>
<p>Similar to past bull runs, the cryptocurrency market has set standards for Altcoins to rise meteorically when Bitcoin moves sideways after racing to new highs. The similar scenario is currently in play with Bitcoin managing to consolidate near $90,000 and Altcoin market witnessing exquisite growth in the past 7 days.&nbsp;</p>
<p>Let’s examine some of the leading Altcoins which are going parabolic in the current bullish spectrum;</p>
<h2 class="wp-block-heading" id="xrp-riding-the-wave-of-regulatory-wins">XRP: Riding the Wave of Regulatory Wins</h2>
<p>Ripple’s XRP has surged over 100% in the past 7 days with it currently trading at $1.15. The gains in XRP price is following positive developments in the company’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). A major court ruling in favor of Ripple has renewed investors’ long lost confidence in XRP with it as a viable option for cross-border payments and institutional adoption amid bullish market sentiment.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfMzm4yesWjK9665ydtKsQ0swGIQdm_dZpkfXxufmMvRlRp035CrF0wlPQcIps7aC1zV3lNhwEErvyFuQHozc2Ah7Keth_PM6PEeKA9jxmru0kQyLZKmYlE_h-FVRvaLemZydbeqw?key=uKN-lYZgJ8Q_4iboZzH2ge6H" alt="AD 4nXfMzm4yesWjK9665ydtKsQ0swGIQdm dZpkfXxufmMvRlRp035CrF0wlPQcIps7aC1zV3lNhwEErvyFuQHozc2Ah7Keth PM6PEeKA9jxmru0kQyLZKmYlE h FVRvaLemZydbeqw?key=uKN lYZgJ8Q 4iboZzH2ge6H">
</figure>
<p><em>XRPUSD – TradingView</em></p>
<p>The surge in XRP’s value has been accompanied by a significant uptick in trading volumes. It has been noticed by several market analysts that whales are accumulating XRP in anticipation of further gains. Experts believe that if Ripple can capitalize on its legal clarity, XRP may see continued growth in the coming months.</p>
<h2 class="wp-block-heading" id="doge-memecoin-resurgence-with-a-political-twist">DOGE: Memecoin Resurgence with a Political Twist</h2>
<p>Dogecoin (DOGE) has become the talk of the town again with surging over 33% in the past week and nearly 160% in the past month. The recent rally in DOGE price is largely fueled by an unexpected political development: Donald Trump’s surprise election win and the announcement of a new Department of Government Efficiency (D.O.G.E).</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcI72xDp11SLNo1DmUTlZ-zG4-umJm1H4iXN3d2HMaaxVx5iE2ZVGdNZwYupehoZ3jlIhutX2QLui978ZdeJ8VUMa_OPlSfM0KhPQaaKCoR8_cTEvmK4MJUuq0sPksznQpRHsrh?key=uKN-lYZgJ8Q_4iboZzH2ge6H" alt="AD 4nXcI72xDp11SLNo1DmUTlZ zG4 umJm1H4iXN3d2HMaaxVx5iE2ZVGdNZwYupehoZ3jlIhutX2QLui978ZdeJ8VUMa OPlSfM0KhPQaaKCoR8 cTEvmK4MJUuq0sPksznQpRHsrh?key=uKN lYZgJ8Q 4iboZzH2ge6H">
</figure>
<p><em>DOGEUSD – TradingView</em></p>
<p>This novel department, aimed at promoting technological advancements and efficiency in government operations, includes prominent figures like Elon Musk and Vivek Ramaswamy as key members. Both Musk and Ramaswamy have been vocal supporters of innovation, and their involvement has amplified Dogecoin’s relevance.</p>
<p>Elon Musk’s endorsement of Dogecoin as the unofficial mascot of the new department has sparked a wave of enthusiasm across the crypto community. Social media platforms have been flooded with memes and speculation about the potential integration of Dogecoin in government-related initiatives, further boosting its appeal to retail investors.</p>
<h2 class="wp-block-heading" id="bonk-pepe-the-meme-driven-powerhouse">BONK &amp; PEPE: The Meme-Driven Powerhouse</h2>
<p>Solana’s community-centric memecoin, BONK, has skyrocketed by 120% in the past week. BONK’s recent integration into DeFi protocols and NFT marketplaces on the Solana blockchain has spurred adoption, driving trading activity on decentralized exchanges. Similarly, PEPE has also made a strong comeback with surging by 90% in the past week.&nbsp;</p>
<p>Both these memecoins have left behind several high-profile blockchain projects with strong fundamentals and potentials for the future. As Bitcoin keeps up with the current price levels, it is expected that these memecoins will continue skyrocketing.</p>
<h2 class="wp-block-heading" id="what-lies-ahead-for-crypto-market">What Lies Ahead for Crypto Market?</h2>
<p>As per Coinmarketcap <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">data</a>, the ongoing rally in altcoins has lifted the total crypto market capitalization above $3 trillion – a level not seen since the peak of the previous bull run. Currently, the investor sentiment is overwhelmingly bullish with even lesser-known tokens experiencing double-digit gains as traders seek opportunities beyond Bitcoin.&nbsp;</p>
<p>If Bitcoin consolidates at its position near $90K, market analysts are optimistic about the continued growth of altcoins. However, some experts also warn of potential corrections given the volatility of crypto markets. Investors are advised to tread carefully and focus on projects with strong fundamentals.</p>
<p>The U.S. market opening on Monday, November 18 will be critical for the cryptocurrency market as it will guide Bitcoin march towards new highs or a potential correction before a new led-up. If Bitcoin can maintain its dominance and altcoins continue to rally, the market could be poised for an extended bull run reminiscent of the 2021 boom.</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/08/30/understand-the-role-of-crypto-dividends-in-returns-during-a-bull-run/" rel="noopener noreferrer nofollow">Understand the role of Crypto Dividends in returns during a Bull Run</a></p>
</blockquote>

Altcoins Bull Run: XRP, DOGE, PEPE, BONK soar 100% as BTC holds at $90K

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The Crypto Times

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