10 significant cryptocurrency events of November 2024

Here’s a rundown of the top ten cryptocurrency market developments of the past three weeks:

1. Bitcoin reaches new price record: on November 22, 2024, the price of Bitcoin rose to $99,800, its highest level ever. Bitcoin’s market capitalization was about $104.67 billion, accounting for 55.2% of the total value of the cryptocurrency market.
2. Rise in value of Dogecoin (DOGE) and XRP: As December 2024 approaches, memecoins such as Dogecoin and XRP have seen significant increases in value, attracting the attention of investors looking for new opportunities in the cryptocurrency market.
3. Tezos (XTZ) and Mog Coin (MOG) near billion-dollar capitalization: Tezos and Mog Coin are getting close to surpassing $1 billion in market capitalization, which could happen as early as November 2024. These projects are gaining popularity due to their unique features and growing investor interest.
4. Analysis of promising ICOs for 2024: Projects such as BlockDAG, SpacePay, Crypto All-Stars and Doge2014 have been identified as potentially profitable investments in the coming year, offering innovative solutions in the blockchain ecosystem.
5. Impact of US actions on the cryptocurrency market: Political actions in the United States, including the presidential election, have affected the dynamics of the cryptocurrency market, leading to an increase in the price of Bitcoin and other digital assets.
6. Cryptocurrency pre-sales for winter 2025: Investors are paying attention to new projects in the pre-sales phase that have growth potential in 2025, offering innovative solutions and investment opportunities.
7. Altcoins with growth potential in November 2024: Projects such as Goatseus Maximus (GOAT), Raydium (RAY), Dogecoin (DOGE), Cat in a Dogs World (MEW), Ethena (ENA), ApeCoin (APE) and Jupiter (JUP) have seen significant increases, attracting investors’ attention.
8. Bitcoin and Ethereum dynamics and their growing market dominance. Bitcoin and Ethereum, which are the pillars of the cryptocurrency market, have significantly strengthened their positions in recent weeks. Bitcoin, in addition to reaching a record price, has increased its market dominance to more than 55%, its highest level since 2021. Ethereum, thanks to increased interest in smart contracts and the implementation of a proto-danksharding update, saw an 18% increase in blockchain transactions. Analysts point out that both assets are attracting increasing attention from financial institutions, strengthening their fundamentals and long-term growth potential.
9. Increased interest in memecoins: Memecoins, backed by well-known tokens such as Nerio and AI projects, have risen 44% in terms of market capitalization, a trend that could continue through November 2024.
10. Whales invest in promising cryptocurrencies: Large investors, known as “whales,” are focusing on assets with strong fundamentals and potential for rapid growth, such as Maker (MKR), Ripple (XRP), PEPE (PEPE) and Pepe Unchained (PEPU).

Leszko Dalek

For more than 6 years, he has been interested in cryptocurrencies, tokens and blockchain, as well as other modern technologies like artificial intelligence. I have been actively investing for more than 10 years. I have developed hundreds of highly substantive articles and publications for this and many other external portals.