📈 Bitcoin has jumped back above $70K prior to US election results coming in later today. Several memecoins and AI/Big Data altcoins like DOGE, SHIB, FET, BONK, & POP, are also spiking. The S&P 500 is also up big as well, which is a strong sign of later November growth.

🐶🤕 Meme coins like Dogecoin (+12%) and Bonk (+13%) have been major stories Wednesday, with spikes in prices across the sector. Speculative assets continue churning as Bitcoin profits get redistributed. Altcoins can continue to grow as long as crowd FOMO doesn't get in the way.

🐳 Among cryptocurrencies with at least a $2B in market cap, these are the projects seeing the highest rises in whale activity compared to the week prior:

1) Injective $INJ 🥇 +456% Rise
2) Wrapped Bitcoin $WBTC 🥈 +421% Rise
3) Shiba Inu $SHIB 🥉 +360% Rise
4) Multi Collateral Dai $DAI +147% Rise
5) Pepe $PEPE +109% Rise
6) Tether $USDT +74% Rise
7) Ethena Labs $USDe +67% Rise
8) Dogecoin $DOGE +67% Rise
9) Wrapped Ethereum $weETH +62% Rise
10) Optimism $OP +59% Rise

🗣️ Altcoin euphoria continues with crypto ending its week with speculative large caps seeing major rises in discussion rates. The top trending projects driving markets are:

🪙 Toncoin $TON - Association with the cryptocurrency The Open Network (TON) in the context of the Hamster Kombat airdrop.

🪙 Shiba Inu $SHIB - Discussions around its cryptocurrency and associated projects like Shibarium. The community is optimistic about a 33,000% increase in the burn rate, contributing to a 23% price rise recently.

🪙 Pepe $PEPE - Users are debating its potential for a bull run, comparing it to other memecoins like Shiba Inu. There is a sentiment that 'pepe' has not yet experienced significant growth, but many believe it could perform well in upcoming market cycles.

😺📈 Shiba Inu has surged +43% in the past 9 days with on-chain activity notably surging compared to altcoin alternatives and other meme coins. In addition to volume, circulation, and whale transactions spiking to 10-week highs, social dominance is up as well. This indicates that FOMO toward SHIB is significant right now, and the likelihood of a local top is increased.

In order for the #13 ranked market cap to surpass its $0.000043 year-high made back in February, traders should wait for the high bullish narratives to calm down slightly.

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📊 As crypto markets are showing serious bounce action on a bullish Friday, keep in mind where various assets stand in terms of average trading returns.

If you believe markets are about to surge, history says that buying into assets that traders have experienced the most pain in have a greater probability of netting high returns for you. Among 10 notable coins, here are the best and worst MVRV Z-Score to help with your portfolio decisions:

😎 Most Gain (Average Traders Profiting, Higher Risk Now):
📌Toncoin
📌Bitcoin
📌Ethereum
📌Dogecoin

😩 Most Pain (Average Traders Losing, Lower Risk):
📌Uniswap
📌Shiba Inu
📌Polygon
📌Chainlink
📌Cardano
📌XRP

📊 Below is the 10-year chart of notable altcoins and the amount of non-empty wallets (hodlers) on their respective networks:

Litecoin: 8.08M Wallets
Dogecoin: 6.69M Wallets
XRP Ledger: 5.24M Wallets
Cardano: 4.48M Wallets
Shiba Inu: 1.39M Wallets
Chainlink: 722K Wallets