November has been marked by Bitcoin reaching a new all-time high, with other coins such as Solana and SUI closely following the trend. While altcoin season may not be here yet, as BTC continues to dominate the charts, projects like Virtual Protocol (VIRTUAL), Pyth Network (PYTH) and Raydium (RAY) are showing impressive growth.
VIRTUAL has skyrocketed 71.29% in the past seven days, fueled by the story of artificial intelligence coins. Meanwhile, PYTH and RAY are capitalizing on ecosystem dominance and utility, with both tokens drawing significant traction and highlighting the scaling potential of DeFi and blockchain technology.
Virtual Protocol (VIRTUAL)
Recently hitting a new all-time high, VIRTUAL broke through the $1 billion market value threshold and solidified its position as a rising star in the story of artificial intelligence currencies.
The coin is up 161.75% over the past month, fueled by growing interest in artificial intelligence-focused blockchain projects. As the AI coin saga continues to attract interest, VIRTUAL’s momentum suggests there may still be significant upside potential.
The recent surge has pushed VIRTUAL to become the 5th largest AI coin by market value. Currently, it ranks behind RENDER, TAO, FET and WLD while surpassing AKT.
Pyth Network (PYTH)
Pyth (PYTH), the native token of Pyth Network, has increased 27.14% over the past 30 days, reflecting renewed interest in the blockchain oracle platform for market data. Although PYTH peaked at $1.15 on March 16, 2024, its price is still about 60% below that level.
The network’s TVL increased to $520 million from $408 million last month. This shows progress but is still far below the record level of $1.37 billion in March.
If PYTH maintains its current momentum, it could break the $0.49 resistance and test the $0.55 or even $0.60 level in the near future. Oracle business operations could benefit from altcoin season.
Raydium (RAY)
Raydium (RAY) has emerged as the most dominant decentralized exchange globally, surpassing platforms like Uniswap and PancakeSwap in terms of transaction fees generated.
In the past 30 days, Raydium has collected more than 200 million USD in fees, outperforming major projects such as Jito, Solana, Ethereum, Circle and Uniswap, second only to Tether. Raydium may continue to grow as Meme Coins become more important in the cryptocurrency ecosystem.
RAY is now up 61.40% over the past month and a staggering 1,345.81% over the past year, although still 67.87% below its 2021 all-time high.
Given Raydium’s dominance and rapid growth, the Token’s recent performance could herald the start of an even stronger uptrend as the altcoin season is just getting started.
