We are moving into the US election week on Monday (November 4) but before that let’s take a look at how the crypto market fared last week, especially in the run-up to the Presidential Election which was dominated by digital assets-related issues. This list of the top trending cryptocurrencies of the October 28- November 3 week shows how the market surged with Bitcoin nearly touching its all-time high. It is based on the top-performing coins in the last 24 hours leading up to the weekend, November 2.
Bitcoin (BTC)
Price Change: Bitcoin surged 2.96% this week to trade at $69,048 on November 1 day end.
News: Bitcoin rose to above the $73000 mark this week, just $300 short of its all-time high (ATH) and since then it has been maintaining near the $70000 mark. At present, the coin has gone down 1.75% in value in the last 24 hours but its trading volume has increased to $52.05 billion, up by 24.73%. Meanwhile, the digital asset’s market capitalisation has declined by 1.84% to stand at $1.37 trillion.
Forecast: BTC will continue to gain momentum in the election week as institutional investors and crypto whales drive the market interest in it. While cryptocurrency is likely to hover near the $72000 mark, analysts see it rising up to $80,000 level by the end of this year and November would be a crucial month for that.
Grass (GRASS)
Price Change: Grass has emerged as the second-best cryptocurrency performer this week courtesy of its 44.74% increase in value after the airdrop which led to coin trading at $1.28 on November 1 end of the day.
News: The GRASS token has gained 24.37% in the last 24 hours with a 28.62% increase in its trading volume which reached $242.86 million on Friday, end of the day. The market cap of the token remains unchanged over the course of the last 24 hours to stand at $310.79 million.
Forecast: Since the token has been supplied to more than 125,000 crypto wallets, there is considerable activity for Grass. GRASS might face fluctuations in this post-airdrop period before it stabilises. If the Grass network fulfils its milestones, then the token might carry on with its momentum and trade at the $1.10-1.30 level while its listing price was $0.85.
Solana (SOL)
Price Change: Solana had a week full of ups and downs where it has gone down 3.89% this week despite some surges. As of Friday day-end, SOL is trading at $166.44.
News: Solana has declined 1.49% over the last 24 hours although its trading volume is up by 21.30% to reach $3.26 billion. The cryptocurrency’s market capitalization stands at $78.30 billion which is a 1.46% slump in the last 24 hours.
Forecast: Recently Solana’s DEX volume declined massively which might suggest a loss of interest in the token among crypto traders, resulting in a price drop to below $167. If the blockchain’s utility drops further, SOL can see up to a 5% decrease in price. With an RSI of 54 which is just above the neutral zone, Solana could bounce back if it undergoes price correction and finds support in the $167 level.
Sui (SUI)
Price Change: Sui has gained 5.66% this week as it traded at $1.99 on November 1 end of the day.
News: The SUI token has seen a 0.53% increase in its value in the last 24 hours with its market cap rising by 3.53% to reach $5.65 billion. The cryptocurrency has been surging in all departments as Sui’s trading volume also increased by 17.71% over the last 24 hours to hit $901.46 million.
Forecast: Sui is following a bullish pattern with an increase in liquidity which led to it retesting its all-time high (ATH) at $2.36. Analysts predict that although the token is currently hovering around $2.00, it is likely to move again towards the ATH and probably surpass it to reach the $3.15 mark if it finds support at the $3.0 level.
Ethereum (ETH)
Price Change: Ethereum has maintained its position from last week, by declining marginally this week. As of November 1, end of the day, ETH is down by 0.42% in the last 7 days to trade at $2517
News: The cryptocurrency has declined 0.22% in the last 24 hours while its trading volume has increased 4.79% to reach $20.84 billion. Ethereum’s market cap has also slumped in the last 24 hours as it stands at $302.94 billion.
Forecast: As institutional investors' interest in ETH grows the token is likely to continue with its bullish movements with a potential to retest the $2707 resistance level. However, some crypto analysts like Peter Brandt have predicted a 38% crash in ETH prices.
Dogecoin (DOGE)
Price Change: The original meme coin Dogecoin is ruling the charts this week with a 20% gain as it traded at $0.1669 on November 1.
News: Although DOGE has been surging throughout the week, it is 0.20% down in the last 24 hours on November 1. While the market capitalization of the coin declined by 0.29% to be at $24.45 billion, the trading volume increased by 26.68% to stand at $2.50 billion.
Forecast: The recent Bitcoin breakout has boosted Dogecoin to rally this week as crypto investors are looking for altcoin exposure. Analysts are predicting a bullish run for DOGE in November with the potential to go above $0.20. Hence, crypto investors are advised to hold onto this token instead of selling it early.
Celestia (TIA)
Price Change: Celestia (TIA) has entered the top crypto performers list this week despite declining 17.76% in the last 7 days. As of November 1 day-end, TIA is trading at $4.50.
News: This cryptocurrency has declined 7.47% in the last 24 hours including an 18.97% decrease in its trading volume. Celestia has a market cap of $1.80 billion (down 7.28%) at present while its trading volume stands at $198.12 million.
Forecast: Celestia broke out in the top performers list due to the massive $839 million token unlock on October 30 but it shortly declined by 9% afterwards, indicating the price volatility. TIA might pull back from the slump in the coming days if it can find support at the $4.54 level. If that happens then Celestia will rally towards the $6.50 mark and if it fails to gain the necessary support then it will further decline to the $3.89 level.
Pepe (PEPE)
Price Change: Although Pepe is maintaining its leading in the top meme coins of the week list, it has gone down 5.35% in the last 7 days to trade at $0.000009158 as of November 1.
News: The meme coin is currently going down at a 2.15% rate while its trading volume has decreased 9.04% to touch $568.11 million in the last 24 hours. The market capitalization of PEPE stands at $3.85 billion, down by 2.17%.
Forecast: Despite the current bearish trend Pepe is likely to gain 30.30% in the next 5 days to hit the $ 0.00001191 mark, with the possibility of gaining 228.87% over the month to reach $ 0.00003007 on December 1.
Goatseus Maximus (GOAT)
Price Change: GOAT has declined 11.18% this week as it traded at $0.5599 on November 1 end of the day.
News: Although Goatseus Maximus declined all through the week, it has gained 6.75% in the last 24 hours which includes a 6.78% surge in its market capitalization which now stands at $559.16 million. The meme coin’s trading volume is down by 7% to touch $181.44 million.
Forecast: The GOAT token is likely to surge to the $0.62 level where it is testing support after the massive decline from $0.80 this week. However, if it remains below the $0.62 level then that would trigger a wave of sell orders further plummeting the price to the $0.46 mark.
Kaia (KAIA)
Price Change: Kaia is another new entry to the top performers list this week as it gained 8.23% over the last 7 days to trade at $0.1353 on November 1 day end.
News: Despite the surge in its price this week, the KAIA token has plunged 5.96% in the last 24 hours. The token’s trading volume went down by nearly 50% to touch $62.52 million while its market cap slumped 6% to stand at $791.15 million.
Forecast: In the next 5-7 days Kaia is likely to recover from the bearish sentiments to maintain its lead at the $0.1356 level.
In the run-up to the U.S. election week, the crypto market has displayed remarkable momentum, with top performers like Bitcoin (BTC) nearly reaching historical peaks. Driven by strong institutional interest, BTC, along with meme coins such as Dogecoin (DOGE), has demonstrated resilience, underscoring its appeal among diverse investor groups. However, volatility continues as altcoins like Solana (SOL) and Celestia (TIA) face mixed investor sentiment. With the election looming and digital asset policy under scrutiny, the market anticipates a potentially bullish November, with BTC and DOGE positioned to lead gains if interest persists.