As we approach the final quarter of 2024, the crypto market has experienced significant growth, especially with the recent election of Donald Trump. Whether you’re a seasoned investor or a newcomer, understanding market trends is essential for capitalizing on current opportunities. Here’s a quick look at the top 5 cryptos to consider in November 2024.

1. Bitcoin: King of Crypto Ready for New Highs

Bitcoin remains the top choice for investors due to its widespread adoption and dominance in the digital space. With the upcoming Bitcoin Halving event in April 2024, the crypto is expected to surge further. Following Trump’s victory, Bitcoin crossed its previous all-time high of $73,900, reaching $75,000. With bullish technical indicators, Bitcoin could soon test the $80,000 mark, driven by a Golden Cross on the charts and strong buying pressure.

BTC/USD | Source: TradingView

2. Ethereum: Building a Stronger Network Post-Upgrades

Ethereum continues to maintain its position as the second-largest crypto by market cap. The recent Shanghai Capella and Cancun-Deneb upgrades have enhanced its scalability, allowing validators to unstake rewards for the first time. Ethereum prices surged following the 2024 US election, trading above key resistance levels. With new upgrades supporting dApp development, Ethereum could surpass $3,200 by the year-end if bullish momentum continues.

ETH/USD | Source: TradingView

3. Solana: Fast and Scalable Blockchain Gaining Traction

Solana’s impressive speed and scalability make it a top contender in 2024. The blockchain platform has shown an 85% increase in value this year and briefly overtook Binance Coin in market cap. Currently trading just below the $190 mark, Solana could reach its previous all-time high of $259 if it breaks past the $200 resistance. Its unique Proof of History mechanism ensures efficient transactions, attracting a growing user base.

SOL/USD | Source: TradingView

4. Ripple (XRP): Riding the Wave of Legal Victory

Ripple’s XRP gained momentum after its legal win against the SEC in mid-2023 when the court ruled that XRP was not a security. This decision led to a 74% surge in XRP’s price. XRP now trades within a stable range of $0.47 to $0.72. With continued support above the $0.50 level, XRP could target $0.72 and beyond as market confidence strengthens.

XRP/USD | Source: TradingView

5. Dogecoin: Meme Coin with Market Potential

Dogecoin remains the most popular meme coin, enjoying a renewed surge after Trump’s election win. The price doubled in the past month, reaching just under $0.2. A breakout above this level could see Dogecoin rally toward $0.3 by the end of 2024, supported by strong bullish indicators and increased social media attention.

DOGE/USD | Source: TradingView

These top cryptos showcase diverse opportunities for both short-term gains and long-term investments as the year concludes. With bullish trends prevailing, investors have a chance to capitalize on these rising digital assets.