What Are Today’s Double-Digit Gaining Trending Crypto Coins?

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As a seasoned analyst with over a decade of experience in the volatile world of cryptocurrencies, I’ve seen market trends ebb and flow like the tide. The recent surge in Bitcoin and other altcoins following Donald Trump’s victory in the US Presidential elections is reminiscent of the market rally we witnessed after Lehman Brothers collapsed.

As November arrived, signs suggested that the cryptocurrency market might experience an overall upward trend due to the impact of the US Presidential elections. Now that Donald Trump has been elected as the 47th U.S. President, the market has shown a steady increase since yesterday, with Bitcoin and numerous other altcoins reaching new all-time highs. This, in turn, has sparked renewed optimism among users, signaling potential for even more profits.

It’s worth noting that cryptocurrencies such as Ethereum, XRP, and others experienced a considerable rise, despite their previous struggles. However, the initial enthusiasm in the market seems to be waning, causing altcoins to settle after an unexpected surge on November 6. Remarkably, several popular crypto coins continue to show bullish signs today, preserving the volatile nature of the cryptocurrency market.

5 Trending Double Digit Gaining Crypto Coins

The win of Donald Trump in the U.S. election initially sparked an increase in the crypto market. Yet, the boost is waning for numerous entities, including Trump meme-based coins that suffered a 50% decline since their peak yesterday. Nevertheless, popular cryptocurrencies such as Moo Deng, PEPE, Sundog, and others are seeing double-digit percentage increases according to CoinmarketCap.

1. Moo Deng (moodengsol.com)

As a researcher immersed in the dynamic world of cryptocurrencies, I’ve been closely monitoring the resurgence of Moo Deng. Following its initial launch, it quickly gained massive popularity and delivered substantial returns for early adopters, such as myself who made approximately $2M within just two days.

2. PEPE (PEPE)

PEPE, a popular meme coin, is often recommended as a good buy due to its impressive past performance. At one point, it reached an unprecedented high of $0.00001718 following several peaks in May. However, the token featuring a frog theme has seen a rough patch on the charts for quite some time, with occasional brief upswings. Fortunately, the token seems to be responding to market excitement and experienced a nearly 11% increase over the past day, helping to offset previous declines. Currently, the token is valued at $0.00001042.

3. Sundog (SUNDOG)

Following a slump over the past month, the Sundog token experienced a recovery due to a market rally allegedly influenced by Donald Trump. Today, this dog-themed meme coin has seen a rise of 18%, pushing its value up to $0.01327. This increase has also led to significant growth in both its market capitalization and trading volume, reaching $132.45M and $87.26M respectively. However, it remains unclear how long this upward trend will continue as the selling pressure on the token is intensifying.

4. Athena (ENA)

ENA, a well-liked cryptocurrency, had been experiencing a downward trend for a while but has seen a significant turnaround today. The price of Athena has spiked by 23.5% to reach $0.5148. This surge was prompted by an increase in trading volume by approximately 60%, amounting to $483.61 million. As a result, the market capitalization is now close to $1.5 billion, thereby strengthening its stand in the crypto market rankings.

5. Raydium (RAY)

Raydium was optimistic prior to the U.S. election outcome, with its token price increasing by 45% over the course of a week and an impressive 183% over the month. With the ongoing Trump rally and current events, it remains bullish today, trading at $4.69 following a 21% increase. The demand for Raydium continues to grow, as the 24-hour trading volume has spiked by 88%, reaching $289.76 million.

What Is In There For You?

Cryptocurrency traders keep an eye out for major economic occurrences that might spark a crypto market surge. A notable event like this just took place, causing popular cryptocurrencies to rise in value. The entire crypto market experienced a substantial increase as a result, providing investors with profit and trading opportunities. Nevertheless, it’s crucial to employ the right trading tactics to capitalize on a market surge. It is also essential to be ready for unexpected volatility and periods of consolidation that could affect your investment portfolio.

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2024-11-07 19:49