With the transition to November, the crypto market began indicating the possibility of a complete uptrend for crypto coins under the influence of the US Presidential elections. Now, with Donald Trump becoming the 47th US President, the market has been up since yesterday, as Bitcoin and many altcoins surged to a new ATH. With that, the user sentiments have again turned to greed, indicating the possibility of further gains.
Interestingly, even struggling cryptos like Ethereum, XRP, and others faced a significant boost. However, the market’s bullish stimulus is slowly turning cold, with the altcoins entering a consolidation after a sudden surge on November 6. Interestingly, many trending crypto coins are still bullish today, maintaining the decorum of the crypto market.
5 Trending Double Digit Gaining Crypto Coins
Donald Trump’s victory in the US election led to a momentary surge in the crypto market. However, the stimulus is plunging for many, including the Trump memecoins who faced a 50% downfall since their prime yesterday. Regardless, trending cryptos like Moo Deng, PEPE, Sundog, and others have double-digit gains per CoinmarketCap.
1. Moo Deng (moodengsol.com)
After becoming one of the most-demanded crypto coins right after its launch, Moo Deng is again in trend with the ongoing market rally. At that time, it made heavy profits for its early adopters, including this crypto trader making $2M in just 2 days. The token has surged 37% in the last 24 hours, currently at $0.2311, with a market capitalization of $228.72M. Interestingly, the traders are still active, as the 24-hour trading volume has surged by 70% to $153.03, directly indicating its demand.
2. PEPE (PEPE)
PEPE is among the best memecoins to buy due to its earlier splendid performance. At its prime, it surged to an all-time high of $0.00001718 after forming multiple peaks in May. However, the frog-themed token has been struggling on the charts for months now, with minor rallies here and there. Thankfully, the token followed the market hype and surged almost 11% in the last 24 hours, compensating for earlier losses. The token is now valued at $0.00001042.
3. Sundog (SUNDOG)
After a month-long downtrend, the Sundog token recovered with Donald Trump’s influenced market rally. The dog-themed meme coin has surged 18% today, gaining the value of $0.01327. Its market capitalization and trading volume have also witnessed a significant boost to $132.45M and $87.26M. However, it is uncertain how long these gains will last as selling pressure is increasing on the token.
4. Athena (ENA)
ENA is one of the most popular crypto coins that was struggling with a downtrend for quite some time before making a recovery today. The Athena price has surged 23.5% today to $0.5148 after the trading volume surged by 60% to $483.61M. With this, the market capitalization also neared $1.5B, increasing its position in the crypto market rankings.
5. Raydium (RAY)
Raydium was bullish even before the US election result, as the token price was up by 45% over the week and 183% over the month. Under the influence of this and the Trump rally, it is still bullish today, trading at $4.69 after the 21% surge. Its demand is constantly rising, as the 24-hour trading volume has surged by 88% to $289.76M.
What Is In There For You?
Crypto traders await every major macroeconomic event to witness a crypto market rally. One such event happened recently, resulting in the trending crypto coins rally. Here, the entire crypto market witnessed a significant boost, rewarding crypto investors for their patience and trades. However, it is also important to maintain the right trading strategies to benefit from such a market rally. More importantly, every investor should be prepared for random volatility and consolidation, which can impact the investor’s portfolio.
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