Altcoins are Rising while Bitcoin is Taking a Breather: DOGE, SOL, CRO and Meme Coins are Leading the Way

On November 8, the cryptocurrency market based on S&P Cryptocurrency LargeCap Ex-MegaCap Index rose 3.24% over the past 24 hours as of the writing time, reaching a total market cap of $2.57 trillion.

Although Bitcoin (BTC) seems to have decided to take a break, it is the altcoin market that has really accelerated as Bitcoin's momentum has somewhat naturally weakened. Today, BTCUSDT is up 1.44% so far, Ethereum (ETH) is up 4.53%, and Solana (SOL) is up almost 8.6% (up 14.1% on a weekly basis) against USDT.

Cronos (CRO) tops the list with a 27.31% price hike, followed by Jito (JTO) which is up 27.26%. A memecoin Moo Deng (MOODENG) is following the suit with a 22.44% increase, and Cardano (ADA) is up 19.94% against USDT, slightly lower than SOL. Dogecoin (DOGE) price broke out of the range and triggered a sharp rise after the results of the U.S. election, breaking through the key resistance level of $0.2. A massive influx of buying has pushed the price above the bearish level.