One week after the US election, the crypto market had a bullish run high after the announcement of Elon Musk heading the Department of Government Efficiency (D.O.G.E). Despite the massive surge, it’s not Dogecoin (DOGE) or Pepe (PEPE) ruling the charts but an odd little meme coin called Peanut the Squirrel, followed by even newer cryptocurrencies on the list.
So, here’s how the top trending cryptos of the November 11-17 week, turned out to be. XRP is back on the list while Solana and Sui maintain their lead courtesy of recent spikes. Bitcoin has slipped to 5th position trailing the dog-themed meme coin Dogelon Mars (ELON). Let’s look at where the top cryptos of the week stand, as of November 17.
Peanut the Squirrel
(PNUT)
Price Change: The top performer of this week is a recently listed meme coin, Peanut the Squirrel (PNUT) which has also made it to the best meme coins list. PNUT debuted this week with a 1516% gain. As of November 17, this meme coin is trading at $1.61.
News: Following a week-long surge, the PNUT has spiked 4.70% in the last 24 hours while its trading volume decreased by 20.33% to stand at $3.34 billion. The market capitalization of Peanut the Squirrel has risen 4.35% in the last 24 hours to stand at $1.81 billion on November 16. This token became the fastest-growing meme coin as it reached the $1 billion market cap in a week.
Forecast: This token’s massive gain is likely to spill into next week as it continues to rise from the after-effect of the Binance listing on November 11, reaching an all-time high of $0.47. It presently has an RSI of 84.93 which indicates overbought territory. The meme coin is poised for a 15-50x gain if it continues the momentum it gained from Musk’s “America was saved by a squirrel and a meme coin” tweet. Analysts suggest it could follow Dogecoin’s trajectory and target for a $30 billion market cap.
Solar X
(SXCH)
Price Change: With a 22.64% increase in value Solar X is the second-best crypto of this week. As of November 17 SXCH is trading at $0.02948
News: In the last 24 hours this coin has gained 37.52% due to DEX trading volume spike. However, in the last 23 hours, the SXCH token’s trading volume went down by 82.44% to reach $572.47K on November 16 while the market cap climbed up 34.63% to be at $1.33 million.
Forecast: With a price volatility of 43.73% and an Extreme Greed score of 80, this cryptocurrency is facing a bullish trend with increased investors’ interest in the coin. This will lead to a further surge in SXCH value in the next few days as it aims to touch $ 0.037018, a 30% spike from the current level.
Sharpe AI
(SAI)
Price Change: Another new entrant to the top cryptocurrencies list this week is Sharpe AI which has surged 18.38% in the last 7days to trade at $0.03096 on November 17.
News: Despite being a top gainer, SAI has declined 3.25% in value in the last 24 hours with its trading volume going down 66.51% to touch $1.15 million. Meanwhile, the market capitalization of Sharpe AI stood at $3.46 million, a 3.23% jump in the last 24 hours.
Forecast: This AI-powered super crypto app’s token is likely to reach $ 0.04051, a 30.22% jump from the current price based on the bullish trend it is experiencing at present and its Extreme Greed score of 80 indicating a high investors’ interest. The coin’s price volatility is hovering around 11% and it has faced 53% green days in the last one month. All this points towards good profits for investors if they invest in this AI token in the next few days.
Dogelon Mars
(ELON)
Price Change: With a 44% jump in its price, the dog-themed meme coin Dogelon Mars is in fourth position this week, ahead of Bitcoin. As of November 17, the ELON token is trading at $0.0000002238.
News: The cryptocurrency has risen 3.07% in the last 24 hours with its market capitalization hitting $123.14 million while the trading volume of the token declined 15.52% to touch $7.87 million.
Forecast: With a 91% bullish sentiment and an Extreme Greed score of 88, Dogelon Mars is likely to continue its upward movement into the next week. The coin is likely to gain 29.77% to reach $0.0000002778 in the next 7 days. ELON has a price volatility of 22.72% and it has seen 43% green days in the last one month which suggests it is profitable to invest in this meme coin in the coming days.
Bitcoin
(BTC)
Price Change: Despite the remarkable BTC price rally to $93000, Bitcoin is the 5th best crypto this week with an 14% gain in the last 7 days which has led to it trading at $91,220 on November 17.
News: BTC has spiked 4.48% in the last 24 hours despite a 7.78% decline in its trading volume while the market cap increased 4.50% to reach $1.81 trillion. The token’s trading volume stands at $81.38 billion. This week Bitcoin set a new all-time high as it crossed the $93000 mark.
Forecast: Most crypto analysts believe that the bullish rally sparked by the Bitcoin ETF inflows and the post-Trump win scenario will continue to push BTC to higher levels, probably leading to the $100,000 mark by 2024 end. While some say this will happen by the end of this month or early December, others predict Bitcoin will touch $100k by 2025 start as Trump’s pro-crypto policies materialise.
XRP
(XRP)
Price Change: XRP has made a comeback to the top cryptos of the week courtesy of its 81% surge which has positioned it at a $1.08 trading point on November 17.
News: The cryptocurrency has jumped 10.55% in the last 24 hours with the market cap hitting $49.76 billion. Although this is a substantial gain for XRP it is not as remarkable as Dogecoin which has flipped XRP in market capitalization this week. Meanwhile, the trading volume of XRP has seen a 70% boom in the last 24 hours as it reached $12.70 billion.
Forecast: XRP will continue to rally in the coming week as it experienced a breakout after crossing the $0.75 resistance level. The digital asset is likely to rally towards the $1.35 level in the next few days, gaining 75% from the current price. In doing so, XRP will face the $0.90 resistance level which might cause a temporary pause to its surge but once it overcomes the barrier, XRP will rally further.
Act I: The AI Prophecy
(ACT)
Price Change: We have another AI-crypto asset on the top performers list today. Act I: The AI Prophecy skyrocketed by 2543% this week to trade at $0.6220 on November 17.
News: ACT has gained 3.57% in the last 24 hours while its trading volume has seen a 33.56% decline to reach $1.06 billion. The market capitalization has gone down by 1.98% to touch $697.09 million on November 16.
Forecast: This AI prophecy token is experiencing a bullish run with a price forecast of $2.86 to $3.51. At present, ACT has crossed the major resistance level of $0.67900 which might be the reason behind its temporary pullback before it surges again. The token has faced 55% green days in the last 30 days and has an Extreme Greed score of 80, all of which suggests that the uptrend is strong and is likely to result in further price rally.
Solana
(SOL)
Price Change: Solana continues to be on this list with an 13% price gain this week which has resulted it in trading at $238 as of November 17.
News: The SOL token has seen a 1.65% increase in its value in the last 24 hours while its trading volume went down by 24.50% to reach $6.06 billion and the market cap rose to $102.80 billion. Earlier this week Solana hit the $220 mark and flipped Tron in terms of DeFi TVL.
Forecast: As Solana peaked at $223 this week, lying close to its all-time high at $260, analysts are saying it can rise to that. The coin is likely to touch the $300 mark by 2024 end driven by a surge in institutional investors’ interest in SOL.
Sui
(SUI)
Price Change: Sui has managed to be on the top cryptos list this week as it climbed 52.08% in the last 7 days. This has placed the token at the $3.66 trading point as of November 17.
News: The SUI token has seen a 2.71% jump in its value in the last one day as its market capitalization rose to $9.86 billion. However, the coin’s trading volume has seen a 12.41% decline in the last 24 hours to be at $1.92 billion.
Forecast: At present, Sui is in discovery mode as VanEck started an ETN in Europe, causing the token to cross its ATH at $3.34. In the next few days, the crypto asset is likely to explode and reach new levels it hasn’t seen. Analysts are predicting that Sui could potentially hit the $4.42 mark by November 19 and surge further with key support levels lying at $3.74 and $4.06. With 20.02% volatility, 19 green days in the last one month and an Extreme Greed score of 88, the Sui token is likely to continue its uptrend.
Merlin Chain
(MERL)
Price Change: Merlin Chain has made it to the top cryptos list this week with a 0.12% gain which has placed the digital asset at the $0.2988 trading point on November 17.
News: The MERL token has gone down nearly 9% in the last 24 hours including a 16.79% decline in its trading volume which stood at $35.24 million. The market capitalization of the coin has also decreased by more than 9% to touch $147.42 million
Forecast: Despite the current bearish trend MERL is likely to gain 30.90% in the coming week to rise up to $ 0.3654. The coin has a 9.56% price volatility and has seen 40% green days in the last 30 days which could indicate low profits for investors purchasing the MERL token now, However, the coin has an Extreme Greed score of 80 which suggests a growing investors’ interest in the digital asset.
Closing Thoughts
The crypto market has demonstrated a dynamic week, showcasing the impact of meme culture, AI innovation, and institutional support on price trends. The meteoric rise of the meme coin Peanut the Squirrel (PNUT), driven by its Binance listing and Elon Musk’s endorsement, exemplifies the influence of market narratives. Meanwhile, AI-powered tokens like Act I: The AI Prophecy (ACT) and Sharpe AI (SAI) have gained traction, signalling a growing interest in AI-integrated blockchain applications.