Altcoins like Solana (SOL), Dogecoin (DOGE), and Render (RENDER) are showing strong momentum as Bitcoin nears $100,000. Solana recently hit a new all-time high and continues to attract users and trading volume.
Dogecoin, with a $60 billion market cap, leads the meme coin sector and benefits from its positive correlation with Bitcoin. Meanwhile, Render is up 76% this month, driven by the rising interest in AI coins.
Solana (SOL)
SOL price reached a new all-time high on November 22 before entering a correction phase, but its momentum over the past month remains impressive, with a 38% gain. This growth slightly outpaces Bitcoin’s 35% rise over the same period.
As Bitcoin approaches the highly anticipated $100,000 milestone, Solana is well-positioned to benefit from it.
In 2024, Solana solidified itself as one of the most utilized chains, particularly favored by traders and meme coin projects.
The chain is attracting companies like Jito, Raydium, and Pumpfun, known for their record-breaking revenues, which shows its competitive edge. SOL could test new all-time highs and outpace BTC in December.
Dogecoin (DOGE)
Dogecoin has shown a strong historical positive correlation with Bitcoin, which has helped fuel its impressive 148.64% rise over the past month.
As Bitcoin approaches the $100,000 milestone, DOGE’s correlation with BTC positions it well to capitalize on the broader market’s bullish momentum.
With a $60 billion market cap, Dogecoin dominates the meme coin market, surpassing the combined valuation of the next 15 largest meme coins.
This dominance reflects its unique position as the go-to asset in that category. If the meme coin season continues to gain traction alongside Bitcoin’s rally, DOGE is likely to attract more interest and volume.
Render (RENDER)
Render has surged 76% in the last 30 days, solidifying its status as one of the most significant artificial intelligence coins in the crypto market. Even with this recent surge, RENDER is still 35.09% below its previous all-time high, reached in March 2024.
Competing closely with TAO, RENDER has been alternating between the first and second positions among AI coins. Both boast a market cap of approximately $4.55 billion.
The growing narrative around AI altcoins, driven by advancements in crypto AI agents, has created substantial momentum for the sector.
If this trend continues, RENDER stands to benefit from increased adoption and interest, potentially outpacing Bitcoin’s growth and maintaining its upward trajectory into December.
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