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Over the past week, the cryptocurrency market has seen an extraordinary and rapid surge, with several coins reaching record-high prices. This remarkable growth is largely attributed to recent U.S. presidential election results, coupled with policy announcements that are anticipated to favor the crypto industry. The following coins are some of the ones that have demonstrated the most substantial gains during this period. Even better, all of these high-performing assets are eligible for inclusion in retirement portfolios through a BitcoinIRA account.
Source: https://coinmarketcap.com/ as of November 14
Bitcoin
Bitcoin reached unprecedented levels, surpassing $93,000, marking a 35% increase since the November 5 election and 17% in the last 7 days. This rally is driven by investor optimism regarding President-elect Donald Trump’s pro-crypto stance, including promises to make the U.S. a global crypto hub and establish a national Bitcoin reserve.Dogecoin
Dogecoin’s value surged by approximately 800% following the announcement of the “Department of Government Efficiency”, to be led by Elon Musk. This development has significantly boosted investor confidence in Dogecoin, propelling its price from $0.15 to $0.42 within days.Shiba Inu
From November 8 to 11, Shiba Inu initiated a strong uptrend, surging by 53% and reaching a peak of $0.000028. This upward momentum aligned with expectations, marking the anticipated completion of a five-wave Elliott wave pattern originating from the August low. SHIB’s recent gains appear to be fueled by broader bullish sentiment in the cryptocurrency market, which has intensified following the recent election. Additionally, Shiba Inu has benefited from renewed interest in meme coins, a trend bolstered by high-profile endorsements and a favorable policy outlook for digital assets.XRP
XRP surged by 23% over the past week as investors anticipate further gains, with its price climbing alongside exchange reserves, defying typical patterns. Despite the rally, XRP holders are holding onto profits, potentially pushing the price toward $0.7400 after breaking a key descending channel. On Monday alone, Ripple’s XRP rose nearly 8%, adding to its weekly gains. On-chain metrics suggest further upside, as XRP’s Binance reserve increased from 3.105 billion to 3.177 billion tokens since November 6, while Upbit’s reserve rose slightly to 6.634 billion. Though rising exchange reserves typically signal potential price declines, XRP’s price has continued to climb, with 85% of its total supply in profit and its Market Value to Realized Value (MVRV) ratio crossing 56%, indicating substantial gains for XRP holders.Stellar
According to Binance, as of November 13, Stellar was traded at $0.129166 with a 4.55% increase in 24 hours. Binance’s Fear & Greed index indicates “Extreme Greed” at a score of 84, reflecting strong market optimism. Over the last 30 days, Stellar has displayed a positive trend, gaining 38.98%, with an additional 31.53% increase over the past three months. Despite a 1.42% decline against Bitcoin, XLM remains bullish with 82% of indicators signaling positive momentum.Avalanche
Avalanche surged with a notable 23% weekly increase, pushing its price above $30 for the first time in months, currently trading at $32 despite a minor 1.3% intraday dip. Trading volume also soared, with over $1.11 billion worth of AVAX exchanged in the past 24 hours, marking a 78% rise in activity. Investor sentiment remains bullish, with a 1.40 long/short ratio indicating that most market participants expect further gains. Adding to this momentum, the Avalanche Foundation conducted a significant buyback of over 1.97 million AVAX tokens, creating considerable buying pressure and bolstering optimism for continued upward movement toward the $40 milestone.Polkadot
Polkadot saw a robust price increase following the U.S. elections, beginning a rally that intensified on voting day, with the price climbing nearly 6.48% to reclaim $4 and settle at $4.11. The bullish momentum continued as DOT rose above its 20-day simple moving average (SMA), gaining 1.46%. Over the weekend, after elections day, positive sentiment strengthened, leading to a 4.18% rise above $4.50, eventually reaching $4.63. Sunday marked the peak of DOT’s rally, with the token surging over 13% to surpass $5, ultimately settling at $5.24 after briefly moving above the 200-day SMA, signaling strong bullish support.Cardano
Cardano recently broke through resistance levels with a stunning 25% surge after months of stagnation around $0.35 surprising the market with its upward momentum. Trading at $0.57 after a 6% intraday gain, investor interest in ADA spiked, evidenced by a remarkable 184% increase in trading volume, with over $1.34 billion worth of ADA changing hands in 24 hours. Adding to this momentum, Cardano’s development team recently announced a major upgrade aimed at enhancing core technology, focusing on further decentralization and community governance, fueling optimism about Cardano’s future trajectory.Sui
Following the U.S. elections, SUI, has emerged as one of the bull market’s top performers, surging 80% to reach a new all-time high of $3.30 on Monday. This impressive rally mirrors the surge in Ethereum ETFs, which have experienced substantial inflows, with BlackRock’s iShares Ethereum Trust ETF alone accounting for $131 million of the $136 million in net inflows on November 12th. Analysts are optimistic about SUI’s trajectory, drawing comparisons to Solana’s explosive rise during the 2021 bull market, where SOL gained over 700% to hit an all-time high of $259. The growing enthusiasm around SUI suggests that its ascent may just be beginning.- Render: Render has shown remarkable growth recently, with its price rising nearly 40%, making it the second-largest gainer among top artificial intelligence coins, trailing only AIOZ Network’s 73% increase. RNDR’s strong performance boosted it to third place by market cap among AI-focused coins, behind FET and TAO. Additionally, Render’s social dominance has surged, nearly doubling over the past week, placing it second in social presence among the top five AI coins. This spike in social activity and investor interest, combined with favorable technical indicators, suggests continued bullish momentum for RNDR as it captures increasing attention in the AI sector.
Bonus: Ethereum
Ethereum experienced a notable rise, trading around $3,320, which represents a 38% increase over the past week. This growth is attributed to positive regulatory sentiment under the incoming administration and substantial inflows into newly approved spot Ether exchange-traded funds (ETFs).
Conclusion
The recent surge in Bitcoin has ignited a broader crypto market rally, presenting a prime opportunity for investors to diversify their portfolios with high-potential digital assets. The new administration’s pro-crypto stance and increased institutional interest have fueled substantial capital inflows, driving up prices across various cryptocurrencies and potentially mitigating market volatility over time. For newcomers, a Crypto IRA offers a tax-advantaged way to invest in a range of digital assets. Additionally, a Dollar-Cost Averaging strategy can help smooth out price fluctuations, making it an effective entry point for long-term growth.
As the crypto market matures under favorable U.S. policy and increasing institutional adoption, it offers a dynamic investment landscape for both seasoned investors and newcomers. Bitcoin IRAs provide a strategic way to incorporate crypto into retirement portfolios, leveraging the long-term growth potential of these innovative assets. With continued regulatory clarity and institutional support, the crypto market is poised for sustained growth, making it an exciting opportunity for those seeking to diversify their investments.
Ready to start your crypto investment journey? Open a Bitcoin IRA¹ account today and take advantage of the potential of digital assets.
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