Pepe, Solana & Viral ETH Coin: 3 Bullish Picks for November
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As Bitcoin hovers near $100k, November’s bull market is in full swing. In this environment, traders are looking for altcoins to bring the biggest gains. Among these, Pepe and Solana are getting a boost from new listings. At the same time, a new memeFi token is getting attention from traders.
Pepe Reaches ATH, Major Moves Ahead
The Ethereum-based Pepe token has been one of the best performers in this market cycle. Last week, on November 14, Pepe reached its all-time high of $0.00002524 after major exchange listings. This marks a significant rise over the past 30 days.
What was driving this momentum was Pepe’s listing on both Coinbase and Robinhood on November 14. This has opened up Pepe to a whole new section of traders, naturally driving demand. For that reason, whales are also buying up the token. For instance, one whale bought 309.6 billion Pepe tokens, at a price of $6.45 million.
Even as Pepe reached its ATH, technicals are showing resilience. After briefly reaching overbought territory, with a relative strength index (RSI) at 70, technicals have improved. Despite Pepe’s record market cap, most indicators show buy signals. Moving averages, in particular, indicate a strong buy.
Solana Becomes Major Gainer, Reaches ATH
Just like Pepe, Solana (SOL) was a major beneficiary of the bull market. After a year of recovery, Solana finally recovered from its lows, reaching an ATH of $263.83. This put the token ahead of its November 2021 highs, just before the FTX crash.
The catalyst for Solana’s growth was the continued bullish sentiment after the 2024 elections. Traders now expect regulations to be more favorable to crypto assets, which is particularly important for SOL. Notably, several financial institutions have already filed for Solana ETFs. Moreover, Solana also got a boost from its Robinhood listing, which was on the same day Pepe got listed.
The Robinhood listing is a recognition of Solana’s growing potential, as are its technicals. While the Relative Strength Index is at 71.44, in overbought territory, technicals are leaning towards buy. Moving averages, in particular, indicate a strong buy for the token.
Cutoshi Attracting Traders With MemeFi Vision
While exchange listings bring in new traders and boost prices, smart money looks for tokens before their listings. These traders are looking at presales and one of these attracting attention is Cutoshi. Cutoshi (CUTO) is a new meme coin with a DeFi vision and has so far raised over $1 million in its viral presale.
Unlike most memecoins, Cutoshi focuses on real utility. Inspired by the Chinese Lucky Cat and Satoshi Nakamoto, the creator of Bitcoin, the project is all about decentralization. Its goal is to create a DeFi ecosystem that is completely controlled by its users.
At Cutoshi’s core is its Multichain DEX, which will make DeFi accessible to everyone. The project will also feature a learning platform, helping bring new traders to DeFi. With the crypto market in overdrive, the project has the potential to onboard more users to the DeFi space, so they don’t have to rely on centralized exchanges.
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