The cryptocurrency market is facing some volatility as we approach the upcoming US Presidential elections. The global market cap has dipped 2.2% in the last 24 hours and currently sits at $2.42 trillion.
Many analysts anticipate a crypto market rally if Donald Trump takes charge of the Oval Office. Standard Chartered also expects many crypto assets to hit new highs if Trump wins the upcoming elections on November 5, 2024.
Regardless of who wins the US elections, let’s look at three assets predicted to hit new all-time highs in November 2024.
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Three Cryptocurrencies That Could Hit New All-Time Highs After The US Elections
1. Bitcoin (BTC)
Bitcoin (BTC) is the market leader, and other assets often follow its trajectory. The crypto market will probably not rally much without BTC making a move.
According to CoinCodex, the original cryptocurrency may hit a new all-time high later this month. The platform anticipates the asset to continue its upward momentum, hitting a new peak of $91,764 on Nov. 21, 2024. Hitting $91,764 from current price levels will result in a rally of about 36%.
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2. Pepe (PEPE)
PEPE is among the best-performing cryptocurrencies of the last year. The meme coin made waves after its launch in April 2023.
CoinCodex analysts predict PEPE will surpass its peak of $0.00001717 in early November and continue rising throughout the month. The platform anticipates the asset to hit a new all-time high of $0.00003382 on Nov. 20, 2024, a rise of about 241% from current levels.
3. dogwifhat (WIF)
WIF is another meme cryptocurrency that has performed incrediblely over the last few months. The Solana-based meme coin has quickly climbed into the top 50 projects by market cap.
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According to CoinCodex, WIF could reclaim its peak of $4.83 in early November. The platform anticipates the meme coin hitting a new all-time high of $8.15 on Nov. 20, 2024. Hitting $8.15 from current price levels will translate to a rally of about 239%.
