Flipster Crypto Weekly (29 November)

Market
Flipster Crypto Weekly (29 November)

29 November 2024

Cryptocurrencies that dominated in previous market cycles were at the forefront this week. Often referred to as “boomer coins” within the crypto community on Twitter/X, assets like Ripple (XRP) and Cardano (ADA) led in price performance. This trend reflects a continued rotation toward these established tokens from the previous week.

Crypto heatmap

Weekly performance of the crypto markets. Source: TradingView.

Just a chill guy (CHILLGUY)

CHILLGUY has recently gained significant traction, capturing the interest of both the crypto community and social media audiences. Data from HolderScan reveals that CHILLGUY token holders have surpassed 100,000 in under a week. During the same period, its price has nearly doubled, establishing support around the $0.48 level.

To stay up-to-date with the top performers in the crypto market, download and access the Flipster app. Navigate to the ‘Market’ tab to view the ‘Top Movers’ to view a list of the top-performing cryptocurrencies over the past 24 hours. This feature provides real-time insights into the most active and profitable assets.

Bitcoin (BTC)

Weekly performance: -1.8%

Year-to-date (YTD) performance: +128.78%

Bitcoin (BTC) remains just shy of the highly anticipated $100,000 milestone, with prices consolidating below the $99,000 level this week. For the first time since surpassing $73,000 earlier this month, BTC closed below its 10-day moving average (MA), signaling a slowdown in short-term upward momentum.

Ethereum (ETH)

Weekly performance: +6.85%

Year-to-date (YTD) performance: +57.29%

Ethereum (ETH) rolled back the years this week by outperforming BTC and SOL. As the leading altcoin from the previous market cycle, ETH's relative strength could signal a potential peak in Bitcoin dominance and the onset of the “altcoin season.”

Solana (SOL)

Weekly performance: -5.42%

Year-to-date (YTD) performance: +138.39%

Solana (SOL) experienced a pullback after reaching new all-time highs (ATHs) last week. Since its lows in early 2023, SOL has achieved remarkable growth, surging over 2,900% in under two years. The multi-month consolidation and pause between March and early November before the recent move-up suggests there might still be legs in this move.

Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with significant risk of loss due to its high price volatility, and is not suitable for all investors.