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Entering the last week of November 2024, looking back at the trends in the crypto market in November, it can be said that November is the best state of the year. The price of Bitcoin (BTC) has repeatedly hit new highs, breaking through the $99,000 mark and approaching the milestone of $100,000. During these 21 days of continuous upward momentum, there were actually not many people who could seize the opportunity, especially those who were troubled by theories such as moving averages and Candlestick. The current trend of the crypto market is completely shrouded in news and narratives, especially with Trump winning the US presidency and Musk's assistance. Perhaps the crypto market will enter a whole new era!
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The ETH market has changed its grinding and collapsing trend, which has led to the activity of the entire Cryptocurrency market. The old AltCoin has also emerged, among which the performance of Ripple (XRP) is particularly eye-catching, and DOT is also performing well, that is, the breakthrough rise of XRP has completely activated the rotation of the old AltCoin, compared to the hot Meme market, the old AltCoin seems to be quietly rising, not as eye-catching as Meme coin, but accumulating the market's follow with a steady rise. AltCoin's weekly volume soared above $300 billion for the first time since 2021. Among them, the volume of the four major tokens of DOGE, XRP, SOL and PEPE accounts for 60% of the total volume. These signs seem to indicate that the established AltCoin is gradually emerging from the slump and reshaping its position in the market with actual performance. If this trend continues, the recovery of old coins and the active interweaving of hot tokens, the market may usher in a wider "copycat season" in the future.
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As for the recent trend of new coin listings, it may be related to the repetitive pattern of new coins being listed in clusters and immediately repeating the rules of the Primary MarketClip Coupons and the Secondary MarketBe Played for Suckers. However, among these new coins, there are also many coins with a good narrative. The crypto market is currently in a overall fallback state, but zone rotation could occur at any time. When operating altcoins, one must follow the rhythm of the market's zone rotation, and aim to lie in ambush in advance, hoping that everyone can be more precise in their daily operation strategies, including coin selection, entry points, take profit, and stop-loss points. Recommended: bonk, dot, crv, chz.