The cryptocurrency market has sprung to life in the wake of the US presidential election. Over the past week, many coins have seen substantial price increases, with Bitcoin setting a new record by reaching $92,500. The leading cryptocurrency’s upward trajectory has been nearly uninterrupted, breaking records almost daily.
Today we’ll examine the cryptocurrencies that have shown the most impressive gains in recent days. We’ll break down the drivers behind this momentum and analyze what to expect from these projects in the near future.
Bitcoin Sets Its Sights on $100,000
On November 6th, immediately following Trump’s victory, the leading cryptocurrency broke through the psychological barrier of $70,000, climbing to $75,000 and setting its first new all-time high. Over the next four days, Bitcoin continued its ascent, consolidating above $80,000 on November 10th. The following day, it jumped to $88,000. The market took a breather on November 12th, with Bitcoin temporarily pulling back to $85,000, but within just 24 hours it resumed its climb, peaking at $92,500. Currently, it’s trading around $90,000.
An interesting historical note: Bitcoin has shown significant growth following all three previous US elections. However, the current situation could play out in two completely different ways.
The first scenario suggests that the market is already overheated. We’re seeing signs of an «acceleration phase,» where Bitcoin shows nearly parabolic growth before a major correction. The Fear and Greed Index stands at 68, indicating market «greed» — a classic signal of a potential trend reversal.
On the flip side, there’s reason to believe we’re only seeing the beginning of a global trend. Institutional investors continue to enter the market, demand for Bitcoin ETFs is growing, and the macroeconomic environment is creating favorable conditions for cryptocurrencies. In this scenario, current levels might just be a pit stop on the way to new all-time highs.
However, Bitcoin is no longer in the price range where one can expect multiple-X returns. So let’s take a look at altcoins that have shown equally impressive performance.
Dogecoin (DOGE): Soars 235% to $0.4
The king of memecoins, Dogecoin, has outperformed even Bitcoin with its spectacular gains over the past week. The price skyrocketed from $0.17 to $0.4 in just a few days, delivering more than a 2x return for investors.
This dramatic surge is largely tied to the political developments in the US. Immediately following his victory, Donald Trump appointed Elon Musk, long-known for his Dogecoin advocacy, as the head of a new department aptly named «DOGE.» Given Musk’s track record of influencing DOGE’s price through his statements and actions, his appointment to such a high-level position triggered a fresh wave of investor interest in the cryptocurrency.
Dogecoin’s upward momentum traditionally creates a domino effect across the entire memecoin sector. When DOGE, as the flagship of this space, shows significant growth, it shifts market perception of value for all memecoins. Put simply, if DOGE can reach $0.4, other popular memecoins effectively get a «green light» for substantial price appreciation.
This effect is clearly reflected in the performance of other memecoins in the CoinMarketCap Top 100:
- PNUT: +1,523%
- PEPE: +109%
- BONK: +73%
- FLOKI: +73%
- WIF: +58%
- BRETT: +42%
Cronos (CRO): Rockets 328% to $0.23
Last week, Cronos (CRO) displayed remarkable momentum, soaring 328% from $0.07 to $0.23. While the price has since pulled back to $0.15, Cronos still ranks as the third-highest gainer among the Top 100 cryptocurrencies, trailing only PNUT and PEPE.
Cronos is the native token of Crypto.com, one of the world’s largest cryptocurrency exchanges. Exchanges create these tokens to incentivize trading on their platforms — holders enjoy reduced trading fees, additional perks, and access to exclusive platform events. As Crypto.com continues to expand its ecosystem, this directly drives demand for CRO.
Cronos’s journey is a textbook case study for most altcoins. During the previous crypto boom in November 2021, CRO nearly touched $1. Subsequently, like virtually all altcoins, it endured a prolonged downturn. This pattern is typical for 90% of altcoins — they skyrocketed during the 2021 bull market, only to lose 80-95% of their value afterward.
The current surge could be the first signal of a new alt season. If this trend continues, Cronos could well approach its previous all-time highs — something we’ve seen happen in previous market cycles. However, as with all things crypto, there are no guarantees, and past performance doesn’t guarantee future results.
Cardano (ADA): Doubles to $0.65 with 100% Gain
Cardano (ADA) has kept pace with the broader crypto rally, doubling in value from $0.32 to $0.65 between November 5th and 14th.
Cardano can be considered one of the «blue bloods» of the crypto market. The project was created by Charles Hoskinson — one of Ethereum’s co-founders who decided to chart his own course. Cardano’s key distinguishing feature is its rigorous academic approach to development — every technological solution undergoes serious scientific scrutiny, with academic papers published and peer-reviewed before implementation in the blockchain. While this makes Cardano’s development slower than its competitors, it results in a more robust and well-thought-out platform.
Notably, ADA had long been a fixture in the cryptocurrency top ten. The project has traditionally been viewed as part of the crypto elite alongside Bitcoin and Ethereum. However, during the extended bear market, Cardano temporarily dropped out of the TOP-10. Now, riding the wave of the new rally, ADA has made a triumphant return to the #9 spot with a market capitalization exceeding $20.6 billion.
If the anticipated «alt season» gains momentum, Cardano has all the fundamentals in place to potentially revisit its all-time highs of around $3 per coin.
SUI: Surges 164% to $3.28
Let’s round out our selection with the Layer-1 blockchain SUI. Over the past week, the SUI token has logged an impressive 164% gain, climbing from $2 to $3.28.
This year, SUI has emerged as one of the most talked-about newcomers in the crypto space. This next-generation blockchain, developed by former Meta (Facebook) engineers, brings something special to the table — blazing-fast performance. While traditional blockchains like Ethereum process transactions sequentially, like standing in line, SUI can handle thousands of operations in parallel, making it significantly faster than its competitors.
Notably, SUI began its upward trajectory well before the current crypto rally. Back in August 2024, the token was trading at just $0.47 before beginning its steady climb. And while other cryptocurrencies are still trying to reclaim their previous highs, SUI is charting new territory — its current price marks an all-time high for the project.
The SUI ecosystem is growing rapidly. New projects continue to launch on its blockchain, including Navi Protocol (NAVX), which gained 42% this week. The increasing number of applications and users is creating organic demand for the SUI token, which is reflected in its price performance.
What’s Next?
We’re witnessing a truly remarkable scenario: cryptocurrencies aren’t just posting typical percentage gains — they’re multiplying in value. Some coins have increased their worth by hundreds or even thousands of percent in just a matter of days.
This pattern strongly resembles previous periods of high volatility in the crypto market. History shows that during such times, price action can resemble a roller coaster — rapid ascents can just as quickly turn into sharp descents.
It’s particularly crucial to keep a level head during these periods. When euphoria is in the air and charts are going nearly vertical — that’s actually the riskiest moment. Emotions can cloud judgment, and instead of profits, investors risk taking serious losses. However, as experience shows, there are always those who manage to maximize opportunities in any market condition!
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