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Altcoins Predicted to Outperform Bitcoin in November 2024: Top 3

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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 altcoins against Bitcoin
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 another altcoin that could outperform BTC in November. This month, the coin’s price has increased by double digits—something that has not happened in many months. 

This development could be linked to rising whale accumulation. Elon Musk’s promotion of the Department of Government Efficiency (D.O.G.E) also contributed to crypto’s performance. 

In November, Dogecoin could emerge as one of the bullish altcoins poised to outperform Bitcoin, largely due to the highly anticipated Doge Day, scheduled to take place between October 31 and November 2. 

This event commemorates the beloved Kabosu, the Shiba Inu that inspired the cryptocurrency’s iconic logo. As the community rallies to honor Kabosu’s legacy, enthusiasm around Doge Day may spark renewed interest and trading activity for DOGE. 

Historically, such events have led to increased buying pressure, potentially driving prices higher. For instance, the first edition in 2023 saw Dogecoin’s price rise from $0.066 to $0.10 between October and December. 

A look at the technical perspective shows that DOGE has formed a broken out of bullish flag. A bullish flag pattern is a technical analysis that suggests that the price is likely to resume its upward movement after the consolidation phase.

In the pattern, the price moves sharply upward, creating a strong flag pole, and then enters a period of consolidation, where it trades within a parallel downward-sloping channel. This consolidation often indicates that buyers are taking a breather, and once the price breaks out above the upper boundary of the flag, it can indicate a renewed push higher.

Dogecoin price analysis
Dogecoin 4-Hour Analysis. Source: TradingView

Based on the current outlook, DOGE’s price might climb toward $0.18 before November closes. However, invalidation might occur if the altcoin fails to rise above  $0.15. If that happens, Dogecoin might drop below the flag’s lower level of $0.13.

Solana (SOL)

Solana is third on the list of altcoins predicted to outperform Bitcoin in November. Rising activity on the Solana blockchain is one reason SOL might continue to outperform BTC.

Furthermore, the SOL/BTC technical setup indicates that Solana is gaining significant momentum against Bitcoin. On the daily chart, Solana’s price has surged by 16% since October 18, showcasing its strength.

Also, the 20-day Exponential Moving Average (EMA), in blue, has crossed over the 50 EMA (yellow). This position, known as the golden cross, indicates that the trend is bullish. Currently, the SOL/BTC ratio is 0.0026. But in November, it could rise to $0.0028.

Read more: Which Are the Best Altcoins To Invest in October 2024?

Solana altcoins performance against BTC
SOL/BTC Daily Analysis. Source: TradingView

As such, SOL could move much higher than BTC next month. On the contrary, Solana’s price might play second fiddle to BTC if the golden cross fails to hold. 

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Solana (SOL) Price Risks Dip Below $110 as Bears Gain Control

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Solana (SOL) has dropped over 6% in the past seven days and has been trading below $150 since March 6. The current trend shows clear bearish signals across multiple indicators.

From a death cross to a rising ADX and a red Ichimoku Cloud, technicals suggest growing downside pressure. With SOL nearing key support, the next few days could be critical for its price direction.

SOL Ichimoku Cloud Paints A Bearish Picture

The Ichimoku Cloud chart for Solana shows a clear bearish structure, with price action trading below both the Kijun-sen (red line) and Tenkan-sen (blue line).

The Lagging Span (green line) is also positioned below the price candles and the cloud, reinforcing the negative outlook. The Kumo ahead is red and descending, suggesting that resistance remains strong in the near term.

SOL Ichimoku Cloud.
SOL Ichimoku Cloud. Source: TradingView.

Solana has struggled to break above short-term resistance levels and remains stuck in a downward channel. The thin nature of the current cloud suggests weak support, making the price vulnerable to further downside if bearish momentum continues.

For a reversal, Solana would need to break above the Kijun-sen and push decisively toward the cloud, but for now, the trend remains tilted to the downside.

Solana DMI Shows Sellers Are In Control

Solana’s DMI chart shows a sharp rise in the ADX, now at 40.87—up from 19.74 just three days ago.

The ADX (Average Directional Index) measures the strength of a trend, with values above 25 indicating a strong trend and values above 40 signaling a very strong one.

This surge confirms that the current downtrend in SOL is gaining momentum.

SOL DMI. Source: TradingView.

At the same time, the +DI has dropped from 17.32 to 8.82, while the -DI has climbed to 31.09, where it has held steady for the past two days.

This setup suggests that the sellers are firmly in control, and the downtrend is strong and also strengthening.

As long as the -DI remains dominant and ADX stays elevated, SOL is likely to remain under pressure in the short term.

Can Solana Drop Below $110 Soon?

Solana recently formed a death cross, a bearish signal where short-term moving averages cross below long-term ones.

It’s now approaching key support at $120—if that level breaks, Solana price could drop to $112, and possibly below $110 for the first time since February 2024.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

If bulls step in and buying pressure returns, SOL could rebound toward resistance at $136.

A breakout above that level may lead to a push toward $147, which acted as strong resistance just five days ago.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Top 3 Made in USA Coins to Watch This Week

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Made in USA coins are showing mixed signals as April begins, with XRP, SUI, and Pi Network (PI) standing out. XRP leads in market cap but also posted the biggest drop among the top 10, down 10.6% this week.

SUI is the only major gainer, up 3.8%, showing some strength despite broader weakness. Meanwhile, PI has been the worst performer, plunging over 23% and staying below $1 all week.

XRP

XRP is the largest Made in USA crypto by market cap, but it’s also down 10.6% over the last 7 days—the biggest drop among the top 10. This sharp correction could present an opportunity, especially with Trump’s “Liberation Day” event coming up on April 2.

If XRP builds an uptrend, it could push to test resistance at $2.22. A breakout there may lead to moves toward $2.47 and even $2.59 if momentum grows.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView.

If the downtrend continues, XRP could revisit support at $2.06. A breakdown below that level might drag it further down to $1.90.

With volatility rising and a possible narrative shift on the horizon, XRP could be a key coin to watch this week.

SUI

SUI is the only among major Made in USA cryptos showing gains over the past week, up 3.8%, even though it’s still down 13% over the last 30 days. This resilience sets it apart from the rest of the pack.

In the last 24 hours, trading volume has dropped 15% to $767 million. The coin’s current market cap is $7.43 billion.

SUI Price Analysis.
SUI Price Analysis. Source: TradingView.

SUI’s EMA lines recently formed a death cross, hinting at a possible downtrend. If confirmed, the price could drop to $2.23, with further downside to $2.11 and $1.96.

If SUI manages to reverse the trend, it could climb toward $2.50. A breakout there would open the door to $2.83, nearly 20% higher from current levels.

Pi Network (PI)

Pi Network (PI) is the biggest loser among Made in USA cryptos this week, with its price down over 23% in the last seven days.

It has been trading below $1 throughout the entire week.

PI Price Analysis. Source: TradingView.

If sentiment shifts, PI could rebound toward resistance at $1.05. A breakout there might lead to a push-up to $1.23.

But if bearish pressure continues, PI could fall to test support at $0.718. A drop below that would send it to $0.62—its lowest level since February 21.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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3 Token Unlocks for April: Parcl, deBridge, Scroll

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Three major token unlocks involving PRCL, DBR, and SCR are set to take place in April. Parcl will unlock 161.7 million PRCL on April 16, followed by deBridge unlocking 1.11 billion DBR on April 17 and Scroll releasing 40 million SCR on April 22.

These events could significantly impact each token’s supply dynamics and short-term price action. With large allocations set aside for contributors, partners, and airdrops, these unlocks are worth watching closely.

Parcl (PRCL)

Unlock Date: April 16

Number of Tokens to be Unlocked: 161.7 million PRCL (16.2% of Total Supply)

Current Circulating Supply: 270.8 million PRCL

Total supply: 1 Billion PRCL

Parcl is a decentralized exchange that lets users trade real estate price movements without owning property. The ecosystem—made up of Parcl, Parcl Labs, and Parcl Limited—governs the Parcl Protocol, which offers synthetic exposure to real-world real estate markets. It allows users to go long or short on property prices across different regions.

On April 16, 161.7 million PRCL tokens, worth roughly $15.56 million, will be unlocked. This could increase the token supply and lead to short-term market volatility.

The unlock includes 92.4 million tokens for early supporters and advisors, and 69.3 million for core contributors. PRCL price is down 33% in the last 30 days and trading below $0.1 since yesterday.

Parcl Token Unlock.
Parcl Token Unlock. Source: Cryptorank.

deBridge (DBR)

Unlock Date: April 17

Number of Tokens to be Unlocked: 1.11 billion DBR (11.1% of Total Supply)

Current Circulating Supply: 1.16 billion

Total supply: 10 Billion DBR

deBridge is a cross-chain protocol that allows users to transfer assets and data between different blockchains. It aims to simplify interoperability and make decentralized applications more connected and efficient.

On April 17, 1.11 billion BDR tokens, worth around $32.19 million, will be unlocked. This unlock will nearly double the current circulating supply, adding roughly 95% more tokens to the market.

The allocation includes 400 million for core contributors, 340 million for strategic partners, and 176.93 million for the ecosystem. The rest goes to the community, foundation, and validators. Despite the upcoming unlock, deBridge has gained nearly 38% in the past month, with its market cap now nearing $34 million.

deBridge Token Unlock.
deBridge Token Unlock. Source: Cryptorank.

Unlock Date: April 22

Number of Tokens to be Unlocked: 40 million SCR (4% of Total Supply)

Current Circulating Supply: 190 million

Total supply: 1 Billion SCR

Scroll is a Layer 2 solution built to improve Ethereum’s scalability and efficiency. It uses zkRollup technology to lower transaction costs and increase throughput, helping ease issues like high gas fees and congestion.

On April 22, 40 million SCR tokens, valued at about $11.52 million, will be unlocked. This unlock could introduce added liquidity to the market and maybe renewed interest in Scroll. Its price is down roughly 46% in the last 30 days, with its market cap at $55 million, down from its peak of $265 in October 2024.

All 40 million tokens are allocated for airdrops.

Scroll Token Unlock.
Scroll Token Unlock. Source: Cryptorank.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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