XRP (Ripple): A Dominant ForceMemecoins Take the SpotlightBitcoin (BTC): Stepping Toward $100K
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Top Movers November 2024
November 2024 was a record-breaking month for crypto, with Bitcoin nearing $100K and XRP seeing a massive 367% rise. Memecoins like DOGE, PEPE, and SHIB also stood out with impressive gains, further highlighting the growing influence of community-driven tokens. Read on for more insights into the market's stellar performances.
A Record-Breaking Month for Crypto: November Highlights
November was a historic month for the cryptocurrency market, marked by a surge in activity and standout performances from major tokens. The monthly spot trading volume soared to $2.71 trillion, the highest since May 2021, more than doubling October’s $1.14 trillion. Stellar (+465.93%), XRP (+367%), and Cardano (+206%) led the gains, fueled by increased adoption and renewed investor confidence.
XRP (Ripple): A Dominant Force
Ripple’s XRP climbed 367%, buoyed by six consecutive days of gains and reaching $2.50. This performance reflects growing confidence in Ripple following its legal resolution with the SEC and increased adoption of XRP for cross-border payments. Institutions are now exploring XRP as a reliable solution for global remittances, adding to its robust rally .
Memecoins and market leaders alike are redefining the narrative in crypto, making November 2024 one for the record books.
Memecoins Take the Spotlight
Last month showcased the growing appeal of memecoins, driven by their ability to captivate audiences with community engagement and market innovations. Leading the way:
- Dogecoin (DOGE): Up +162%, fueled by increased adoption and Elon Musk’s continued support, solidifying its place as the top memecoin.
- Pepe (PEPE): Rose +127%, benefiting from growing popularity in decentralized finance platforms.
- Floki (FLOKI): Gained +68%, leveraging partnerships and marketing campaigns.
- Shiba Inu (SHIB): Achieved a +65% gain, bolstered by ecosystem developments and renewed trading interest.
Memecoins are not just trends—they’re becoming an influential segment of the crypto space, with their playful yet impactful nature driving adoption.
Discover Memecoins on Blockchain.com App: With over 10 memecoins available, the Meme Zone makes it easy to explore these tokens.
How to Buy Memecoins Using Blockchain.com:
1. Log in to your Blockchain.com Account: Don’t have one? Sign up for free here.
2. Select "Memes" on the app's bottom bar.
3. Choose your memecoin.
4. Click the "+" Buy icon.
5. Enter the amount and payment method.
6. Review the details and click Buy.
Bitcoin (BTC): Stepping Toward $100K
Bitcoin rose 37% in November, reaching its highest monthly close of 2024 and nearing the $100,000 milestone. This marked the fourth-best month for Bitcoin since 2021, outperformed only by February 2024 (+44%), January 2023 (+40%), and October 2021 (+40%).
Quarterly, Bitcoin gained 51% in Q4, with analysts comparing its current growth to Q4 2020—a period that signaled the start of a major bull market. Increased institutional interest and a sharp rise in futures open interest have been key drivers of its momentum.
*Past performance is not a guarantee of future performance.
This information is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax or financial advice from a professional advisor. The purchase of crypto entails risk. The value of crypto can fluctuate and capital involved in a crypto transaction is subject to market volatility and loss. Digital currencies are not bank deposits, are not legal tender, and are not backed by the government. Blockchain.com’s products and services are not subject to any governmental or government-backed deposit protection schemes. Legislative and regulatory changes or actions in any jurisdiction in which Blockchain.com’s customers are located may adversely affect the use, transfer, exchange, and value of digital currencies.
XRP (Ripple): A Dominant ForceMemecoins Take the SpotlightBitcoin (BTC): Stepping Toward $100K
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