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November saw meme coins thrive, with PNUT and others showing massive gains. As market conditions shift, these five tokens are primed for potential growth into December.
The rally began in November after Republican election wins boosted confidence in US-linked tokens like Ripple-backed XRP.
Despite bitcoin rebounding above $98,000, a strengthening U.S. dollar could pose a headwind for further gains, an analyst said.Expectations of a more hawkish Bank of Japan move increases risk of a yen carry trade unwind, which puts further volatility for risk assets, they said.
President-elect Donald Trump has championed himself as a pro-crypto leader, hoping to make America the “bitcoin capital of the world.”Dogecoin is the world’s sixth-largest cryptocurrency with a market cap near $60 billion.
- 17:08Data: Trader James Wynn opens a long BTC position with 40x leverage, position value reaches $570 millionAccording to on-chain analyst Ember's monitoring, trader James Wynn is still continuously increasing his long positions on BTC. Currently, he has opened a long position of 5,520 BTC using a 40x leverage with a margin of $14.28 million, with the position valued at $570 million, an opening price of $103,302, and a liquidation price of $98,294.
- 17:07Data: ETH Surpasses $2500ETH/USDT is currently priced at $2500.76, with a 24-hour decrease of 2.96%.
- 16:25Report: Bitcoin Network Hashrate Rises 2% in First Two Weeks of May, Miners' Gross Profit Expands with Bitcoin Price IncreaseOn May 19, JPMorgan noted in a research report released on Friday that Bitcoin network hash rate increased by 2% in the first two weeks of May, averaging 88.5 EH/s. As Bitcoin prices rose, miners' gross profit margins expanded month-on-month, improving mining economic conditions and enhancing miners' profitability. The hash price, which measures daily mining profitability, increased by 13% compared to April. Analysts stated that in the first two weeks of this month, miners' daily block reward revenue per EH/s was approximately $50,100, up 13% from the previous month and 3% year-on-year. Additionally, U.S.-listed mining companies maintained their share of the network hash rate, currently accounting for about 30.5%, up 1.1% from April. The total market value of the 13 U.S. Bitcoin mining stocks tracked by the bank increased by 24% this month, amounting to $4.6 billion, with Bitdeer rising by 43% and Greenidge falling by 5%.