OVERVIEW

This Is How Insane November Was 😱 

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

ANALYSIS
Here’s How Insane November 2024 Was 🤯

November 2024 wasn’t just wild—it was downright ridiculous. Records shattered, altcoins exploded, and Bitcoin reminded us why it’s the OG. Here’s the breakdown:

By The Numbers

• Altcoin Market Cap (Excluding Ethereum)
  Highest monthly close ever. Best month since February 2021.

• Bitcoin

  • Performance: +37.33%

  • Best November since 2017, and the third best ever.

• Ethereum

  • Performance: +47.38%

  • Best month since July 2022.

Altcoins That Stole the Spotlight

• Solana (SOL): +41.08%
  New all-time high. Highest ever monthly close.

• XRP: +282.72%
  Second-highest monthly close ever, just $0.03 shy of a record. Best month since December 2017.

• Dogecoin (DOGE): +160.83%
  Best month since April 2021. New highest monthly close.

• Cardano (ADA): +216.42%
  Best month since February 2021. Highest monthly close since March 2022.

• TRON (TRX): +21.88%
  New all-time high. Highest monthly close ever.

• Stellar (XLM): +468.19%
  Best month since May 2017. Highest monthly close since April 2021.

• Chainlink (LINK): +66.78%
  Best month since January 2021.

• Litecoin (LTC): +48.49%
  Best month since November 2020.

Big Winners (And Some New ATHs)

• Hedera (HBAR): +273.78%
  Best month ever. Highest close since March 2022.

• Algorand (ALGO): +288.25%
  Best month ever. Highest monthly close since April 2022.

• Basic Attention Token (BAT): +99.71%
  Best month ever.

• BONK: +122.49%
  New all-time high.

• PEPE: +121.73%
  New all-time high.

• VeChain (VET): +117%
  Best month since April 2021.

• Tezos (XTZ): +165.51%
  Best month ever. Highest monthly close since July 2022.

Honorable Mentions

• DASH: +77.95%
  Best month since February 2021.

• Zcash (ZEC): +61.44%
  Best month since January 2020. Highest monthly close since July 2022.

• Cosmos (ATOM): +102.21%
  Best month since February 2021.

New In Three Sentences
Crypto News 📰

🍎 Fiat-to-Crypto in Seconds with Apple Pay via Coinbase Onramp

Coinbase Onramp now integrates Apple Pay, letting users skip the headaches of lengthy KYC and clunky processes for fiat-to-crypto transactions. For Apple Pay’s 60M+ US users, onboarding to crypto takes just seconds—offering faster, simpler conversions alongside free USDC on and offramps. Coinbase blog.

🎥 Render Network Is Star Trekking Where No Budget Has Gone Before

Render Network made Unification, a Star Trek short film, look like a blockbuster while running on indie-film resources. With machine learning and GPU rendering in its toolkit, Render let creators skip costly production hurdles and focus on artistry. This is Hollywood-level creativity at an indie price tag, thanks to Render. Render blog.

💡 No, Enron Isn’t Back, and No, It’s Not Dropping a Token

A parody project using the name "Enron" is hawking overpriced merch and NFTs while fake hiring nuclear engineers—yes, really. It calls itself a joke, but community notes and stock image team members say otherwise. Whether this is satire, a scam, or Elon Musk’s secret side hustle, steer clear unless you want to pay $118 for an ironic hoodie. Protos.

🏛️ US Gov Shuffles $1.9B in Silk Road BTC to Coinbase Prime

The feds just moved nearly 20,000 BTC seized from the Silk Road to Coinbase Prime, and no one knows if it’s for safekeeping or an impending fire sale. Some say it’s part of a strategic Bitcoin reserve plan, but you can bet everyone else is watching those wallet(s) for anymore movement. Cointelegraph.

🪙 Marathon Digital Copies The Microstrategy Playbook, With $700M

Marathon Digital is raising $700 million to go on another Bitcoin shopping spree because apparently, $1 billion wasn’t enough. The plan involves unsecured convertible notes and possibly buying back $50 million in old debt, but the real takeaway is simple: MARA’s betting big on Bitcoin’s future. If they succeed, expect some serious buy-side pressure to keep fueling the rally. CryptoDNES.

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