Dogecoin (DOGE)

Key Altcoin Breakouts of the Week

Published

4 months ago

November 17, 2024

This week signified a significant achievement in the history of cryptocurrency. Bitcoin price reached a new all-time high $93,434.36 on November 13, boosting the global crypto market value to $3.11 trillion, exceeding the GDP of Italy, Canada, and Brazil. The excitement spread to other cryptocurrencies besides Bitcoin, as U.S. Bitcoin ETFs experienced record-breaking $5 billion in trading volume, with BlackRock’s ETF accounting for $3 billion of that total. During this period of strong positive momentum, some altcoins showcased impressive results, indicating they could significantly impact the market. This article focuses on Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), Sui (SUI), and a newcomer, Minotaurus (MTAUR). They are attracting the market’s interest as best cryptos to buy in this bull run.

Altcoins Surging in the Bull Run

1. Dogecoin (DOGE): Meme King Roars at the Bull Run

Dogecoin reclaimed its spotlight with an explosive 90% surge this week. The rally propelled DOGE price to $0.44 before correcting slightly to $0.3747 , with resistance currently set at $0.4. If buyers maintain their momentum, the next targets are $0.5 and potentially the all-time high of $0.74.

DOGE’s resurgence underscores the enduring appeal of meme coins, particularly as market participants shift their focus toward this category during the bull run.

Dogecoin price chart

2. Cardano (ADA): Steady Climb Towards $1

Cardano continued its November rally, closing the week with a robust 74.26% increase. ADA has been trading just shy of the $0.6 resistance, but seems to have challenged this level. The breakout has paved way for $0.7677, a value last seen in eight months ago.

Though trading volume has slightly tapered off, ADA’s bullish sentiment remains intact. The cryptocurrency’s long-term potential is underlined by its all-time high of $3.10, positioning it as one of the potential altcoins to buy in this bull run.

3. Minotaurus (MTAUR): The Rising Star of Blockchain Gaming

Moving on, Minotaurus (MTAUR) is turning heads with its innovative approach to blockchain gaming. Having surpassed the 100,000 USDT presale milestone, MTAUR is priced at 0.00005982 USDT—offering a 70% markdown from its expected listing price of 0.00020 USDT. Early participants have already seen significant growth, and with its in-game utility, the token stands out among other gaming tokens

MTAUR powers key game features, including avatar customization, special zones, and power-ups. Designed for sustainability, the project incorporates a robust tokenomics structure featuring a cliff and vesting system. Its appeal lies in its simplicity and strategic gameplay, capturing attention in the $15 billion casual gaming market.

Minotaurus (MTAUR) Tokenomics

The token’s smart contract audits by SolidProof and Coinsult provide additional confidence, while community-centric incentives like referral programs bolster engagement. With its presale momentum and a growing fanbase, Minotaurus is one to keep on your radar this bull run.

4. Sui (SUI): Breaking Records

Sui entered uncharted territory this week, surging 69.03% to hit an all-time high of $3.91. This breakout propelled SUI into price discovery mode, a rare and bullish event.

Buyers are eyeing targets of $4.1 and $5.2 for SUI rice. Support remains robust around $3, ensuring a strong base for future rallies. As one of the few altcoins to set new records this cycle, SUI has cemented itself as a standout performer.

5. Ripple (XRP): Testing the $1 Waters

Ripple is not left out of the bull run, as it has had an extremely impressive trajectory this week. XRP price is having crossed the $1 mark, with a 89.4% surge. After surpassing important resistance points, the currency is currently stabilizing around $1.05.

XRP price chart

The Ripple token has overcome the $1 milestone challenge it last reached in 2021. This successful breach may lead to reaching even higher levels, potentially returning to the $2 range. Amid increasing positivity and acceleration, XRP remains a symbol of resilience in the current bullish market.

6. Shiba Inu (SHIB): Momentum Builds for the Dogecoin Rival

Shiba Inu imitated DOGE’s positive trend and achieved a 29% increase in value over the course of one week. SHIB is currently stabilizing around $0.000025 following a quick increase, with a floor at about $0.000025.. If the resistance is breached, the subsequent goals are $0.000030 and $0.000045, levels similar to those seen eight months ago.

An impressive rise in trading activity reinforces SHIB’s positive outlook, positioning it as one of the most popular meme coins to buy.

Final Thoughts: A Bull Run for the Ages

The cryptocurrency market is driven by Bitcoin’s impressive growth and a surge of altcoin successes. Ripple, Cardano, Dogecoin, Shiba Inu, Sui, and Minotaurus showcase the variety and potential available in the current market phase. With the global market cap reaching record levels and increased institutional interest, altcoins are in the spotlight. These tokens are leading the way towards a potentially bull run year in cryptocurrency. You may want to see top crypto performers of the week.

Frequently Asked Questions (FAQs)

The recent surge in Bitcoin’s price, reaching an all-time high, has fueled optimism in the broader crypto market, leading to impressive breakouts in altcoins like Ripple, Cardano, and Dogecoin.

Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB), and SUI have all experienced significant price movements, with Ripple nearing $1 and Dogecoin up by 90% in the past week.

Minotaurus is a new blockchain game token with strong fundamentals and exciting in-game utility. Its presale has seen a 70% reduction from its listing price, attracting growing interest from the crypto community.