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.
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Author: Tiago Amaral
