Bitcoin and the altcoins have dominated headlines in 2024 for their immense gains. Despite a fabulous rally in November, the entire market pulled back, and BTC now trades at around $93,000.  

Altcoins have dominated the headlines recently with continued gains as we near the altcoin season. Large-cap altcoins, including Cardano (ADA), Shiba Inu (SHIB) and Stellar (XLM), grabbed attention for their immense gains in November and have the market on their toes as to what will happen with their prices when we finally enter the altcoin season. 

Join us as we explore the top gainers and potential winners as the altcoin season inches closer. 

Cardano (ADA) 

Cardano (ADA) is another major gainer since Donald Trump’s election victory. On-chain metrics show Cardano’s weekly active addresses elevated since the crypto market rally triggered by Trump’s win on November 6 began. The surge in network usage and whale buying activity has resulted in a bullish outlook for ADA. ADA further surged after the Cardano blockchain developers, the Cardano Foundation, released an updated proposal for the Cardano Constitution to improve network governance. The revised proposal includes changes to constitutional workshops, social media discussion, and expert and community feedback. The changes aim to “improve the accessibility and clarity of the Cardano governance framework,” shifting its focus to a less technical audience. Interest in Cardano (ADA) surged after its founder, Charles Hoskinson, revealed plans to help shape US crypto policy under Donald Trump’s incoming administration. 

Stellar (XLM)

Stellar (XLM) made headlines in recent months for its massive gains. The Stellar network is similar to the Ripple (XRP) network – a decentralised payment platform and cryptocurrency that facilitates quick and low-cost cross-border p

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Author: Jana Serfontein