What Are The Popular Double-digit Cryptocurrencies Today?

Moving into November, the cryptocurrency market is starting to indicate the possibility of a full-fledged crypto bull run under the influence of the US presidential election. Now that Donald Trump is the 47th President of the United States, the market has been rising since yesterday, with Bitcoin and several altcoins rising to a new ATH. With this, users’ emotions turned back to greed, indicating the possibility of further gains.

Interestingly, even struggling cryptocurrencies like Ethereum, XRP, and others faced a significant boost. However, the bullish momentum in the market is slowly turning cold, with altcoins entering a consolidation phase after the surprise rally on November 6. Interestingly, many popular cryptocurrencies are still bullish today, keeping the cryptocurrency market healthy.

5 Popular Double-Digit Cryptocurrencies

Donald Trump’s victory in the US elections led to a temporary boom in the cryptocurrency market. However, the stimulus is waning for many, including Trump meme coins that have faced a 50% decline since their peak yesterday. Regardless, popular cryptocurrencies like Moo Deng, PEPE, Sundog, and others are posting double-digit gains per CoinmarketCap.

1. Mo Ding (moodengsol.com)

After becoming one of the most in-demand cryptocurrencies right after its launch, Moo Deng is back on trend with the continued rise in the market. In the time, it has generated huge profits for its early adopters, including this cryptocurrency trader who made $2 million in just two days. The token has risen 37% over the past 24 hours, currently sitting at $0.2311, with a market cap of $228.72 million. Interestingly, traders are still active, with 24-hour trading volume rising by 70% to $153.03, directly indicating demand for it.

2. Baby (Baby)

PEPE is among the best meme coins to buy due to its impressive past performance. It initially rose to an all-time high of $0.00001718 after forming multiple tops in May. However, the frog-themed token has been struggling on the charts for months, with slight spikes here and there. Fortunately, the coin followed the market hype and rose by approximately 11% over the past 24 hours, recouping previous losses. The token is now worth $0.00001042.

3. Sundog (Sundog)

After a month-long downtrend, the Sundog token has recovered as the Donald Trump-influenced market rally. The dog-themed meme coin rose 18% today, gaining a value of $0.01327. The market capitalization and trading volume also witnessed a significant increase to $132.45 million and $87.26 million. However, it is uncertain how long these gains will last as selling pressure on the token increases.

4. Athena (Enna)

ENA is one of the most popular cryptocurrencies that had been experiencing a downtrend for some time before recovering today. Athena’s price rose 23.5% today to $0.5148 after trading volume rose 60% to $483.61 million. With this, the market capitalization also approached $1.5 billion, increasing its position in the cryptocurrency market rankings.

5. Raydium (RAY)

Raydium was bullish even before the US election result, with the token price up 45% over the week and 183% over the month. Under the influence of this and Trump’s rise, the pair is still bullish today, trading at $4.69 after a 21% rise. Demand for it is constantly increasing, as 24-hour trading volume increased by 88% to reach $289.76 million.

What is there for you?

Cryptocurrency traders wait for every major macroeconomic event to witness a rise in the cryptocurrency market. One such event happened recently, sending popular cryptocurrencies soaring. Here, the entire cryptocurrency market saw a huge boost, rewarding cryptocurrency investors for their patience and trades. However, it is also important to maintain the right trading strategies to take advantage of this market rally. Most importantly, every investor must be prepared for random fluctuations and mergers, which can impact an investor’s portfolio.