Top Altcoin Gainers — November 2024, Week 2: PNUT Leads | Airdrop Alert Pro

The second week of November 2024 was an eventful one for the cryptocurrency market, with many altcoins in the top 100 making significant gains. However, within these batches, BeInCrypto observed that the top altcoins all fell into the memecoin category.

This may come as no surprise to some market watchers, as meme coins have appeared to lead the gains multiple times this cycle. That said, the top three altcoins that gained include Peanut the Squirrel (PNUT), Frog-themed Pepe (PEPE), and Solana-based Bonk (BONK).

Squirrel Peanut (PNUT)

The token that has been attracting attention recently, PNUT, topped the altcoin gainers list with a staggering 2,091% surge in the past seven days. This dramatic rebound was largely driven by Surprise Binance Listingwhich brought an impact to the market.

While the development was controversial, the Meme coin’s market capitalization passed the $1 billion mark and is just a few steps away from hitting the $2 billion mark. On the 4-hour chart, PNUT is trading at $1.84, down 25% from its all-time high.

Judging from the current situation, the price of PNUT may face profit-taking. If this happens, the token’s value could drop to $1.33.

However, a shift toward bullish sentiment could invalidate this argument. In this case, PNUT could reach $2.16 or Rebound to new all-time high $2.50.

pepper (pepper)

PEPE prices skyrocket It rose 118% this week, hitting a record high. This performance puts it among the top altcoins gaining ground this week. According to BeInCrypto’s findings, there are two reasons for the coin’s rise.

First, American brokerage companies Robin Hood announced It already lists it. Around the same time, Coinbase also confirmed Do the same thing in the spot market. As a result, the price of PEPE increased from $0.000013 to $0.000023 in a matter of days.

On the daily chart, PEPE faces resistance at $0.000023, indicating that bears are working hard to pull back the price. However, the bulls also appear to be defending the support at $0.000021.

If the bulls win this battle, the Meme token could rise to a new all-time high around $0.000026. On the other hand, rising selling pressure could invalidate this argument and PEPE could drop to $0.000016.

Bunker (Bonker)

Bunker surges This week’s increase exceeded 100%, consolidating its position as the top altcoin gainer amid a wide range of Meme coin price increases. As BeInCrypto previously reported, the key driver behind this spike is its Listed on Binance US.

this Listed This triggered a surge in demand for the Solana-based meme coin, driving its impressive performance. Like Pepe, BONK’s price surged to an all-time high.

Currently trading at $0.000043, the daily chart shows the coin well above the 20 and 50 exponential moving averages (EMA). EMA measures trend direction over a period of time. When the price is below it, the trend is bearish.

However, since BONK is above both, it indicates a bullish trend. If this situation remains unchanged, then Altcoin Prices A rebound to $0.000049 is possible. on the other hand, Seller boycott This deviation may be invalidated, and this may push the price back to $0.000037.