The cryptocurrency market is facing a significant correction. Bitcoin (BTC) has fallen to just above $92,000, triggering a market-wide dip. The global crypto market cap has dipped 6.5% in the last 24 hours to $3.32 trillion.
Also Read: BONK & Dogecoin (DOGE) Price Forecast For November End
Why Is The Cryptocurrency Market Falling Today?
The latest market dip is likely due to a surge in volatility triggered by low trading volumes over the weekend. The cryptocurrency market faced a total of $518.30 million worth of liquidations. The Bitcoin ETF sector saw an outflow of $438 million.
While the dip could appear intimidating, it also presents an opportunity for investors to buy more assets. Let’s look at three cryptocurrencies that could surge by the end of this month.
Top 3 Cryptocurrencies That Could Surge By November End
1. XRP
Ripple’s XRP token witnessed an incredible surge this month. The cryptocurrency breached the $1 mark for the first time since November 2021.
According to CoinCodex, XRP could surge to $1.58 on Nov. 30, 2024. Hitting $1.58 from current price levels will entail a rally of about 14.49%.
Also Read: Could Dogecoin Reach $1 by 2025? Here’s What Might Propel It
2. Pepe (PEPE)
PEPE is a Solana-based memecoin that has experienced stellar growth over the last year. The asset has quickly climbed the charts, becoming one of the most popular memecoins in the market. The cryptocurrency is currently the 23rd largest project by market cap.
According to CoinCodex, PEPE will hit $0.00002329 on Nov. 1, 2024. Hitting $0.00002329 from current prices will translate to a rally of about 25.89%.
3. Aave (AAVE)
AAVE has also followed the cryptocurrency market trend over the last few weeks. The asset experienced a massive price spike earlier this month.
According to CoinCodex, AAVE could rise to $197.30 on Nov. 30, 2024. Hitting $197.30 from current price levels will result in a rally of about 14.08%.
Also Read: DogWifHat: How High Will WIF Rise After Robinhood Listing?
