The post Altcoins Predicted to Outperform Bitcoin in November 2024: Top 3 appeared on BitcoinEthereumNews.com.

Throughout most of October, Bitcoin (BTC) outperformed many altcoins within the top 100, dispelling speculation that an altcoin season would kick off this month. However, as the 11th month of the year approaches, BeInCrypto reveals three bullish altcoins predicted to outperform Bitcoin.  In this analysis, you will discover reasons why these cryptos might perform better. The top three include ApeCoin (APE), Dogecoin (DOGE), and Solana (SOL). ApeCoin (APE) Apecoin is one of the few altcoins that performed better than BTC this month. Over the last 30 days, APE’s price has increased by 27%,  driven primarily by the launch of ApeChain, the new layer-3 blockchain launched earlier in October. But that is not the sole reason ApeCoins is part of the bullish altcoins predicted to outperform Bitcoin. Specifically, APE might perform better than BTC because of the anticipated listing on Coinbase Futures on October 31. In most cases, when Coinbase lists a cryptocurrency, it typically leads to increased trading volume, creating an environment conducive to price appreciation. This trend could very well apply to ApeCoin (APE) in November. On the daily chart, APE’s price rallied to $1.58 a few days after ApeChain’s announcement. But it has since lost 33% of that value. Currently, the altcoin looks to be on the verge of a decline below $1. While that might happen, there seems to be strong support at $0.87  near the 20-day Exponential Moving Average (EMA). Considering this position, it is likely for APE to bounce above the $1.19 resistance. Read more: Who Owns the Most Bitcoin in 2024? ApeCoin Daily Analysis. Source: TradingView In a highly bullish scenario, the altcoin might climb as high as $1.39 or move toward $1.62. On the flip side, if bulls fail to defend the $0.87 support, the crypto could sink to $0.71. Dogecoin (DOGE) Dogecoin is…

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Filed under: News - @ October 28, 2024 6:26 pm