Bitcoin (BTC) Will Establish a New All-Time High, Meme Coin Mania Continues, and Political Coins Are Ready for an Explosion

BeInCrypto's analysis of three of the biggest crypto predictions for November shows that the market is ready for an unconventional era.

The crypto market began showing signs of a comeback in October, and this trend is expected to continue into November. However, there are also some potential developments that investors should be keeping an eye on.

BeInCrypto analyzed three of the biggest crypto predictions for November, and the results suggest that the market is in for an interesting – and unconventional – few weeks.

Bitcoin to Set a New All-Time High

Bitcoin’s price is now very close to breaking through the resistance at $73,800 and setting a new all-time high. The crypto king is currently trading at $72,181 after seeing a 14% gain throughout October.

One of the biggest driving forces for Bitcoin will be the spot BTC ETF inflows, and the same was highlighted by Juan Pellicer, Senior Researcher at IntoTheBlock in an exclusive statement to BeInCrypto.

“The confluence of catalysts makes this setup particularly compelling – we're seeing consistent Bitcoin ETF inflows indicating robust institutional demand, while the emerging restaking ecosystem is creating an entirely new demand dynamic for BTC. As these native yield opportunities expand, we're observing a reduction in exchange supply as holders migrate their BTC into yield-generating protocols, creating a supply squeeze effect that, combined with the technical breakout and macro correlation, suggests the path of least resistance is higher for Bitcoin through November,” said Pellicer.

Meme Coin Mania Continues

Meme coins were a key focus for investors last month. Many of these joke tokens outperformed several major top altcoins. This trend will likely continue into the coming month, especially considering how many more meme coins emerged last month.

In an exclusive statement to BeInCrypto, Ryan Lee, Chief Analyst at Bitget Research, highlighted that there are deeper dynamics at play here.

“The wealth effect in this sector is unmatched, attracting waves of traders with viral hits like Nerio, Moondeng, and recent AI Meme projects such as Goat. This ongoing appeal keeps memecoins at the forefront, especially as BTC reaches new milestones, fueling speculative enthusiasm. Institutional support and the rise of an AI narrative are also intensifying this trend,” Lee told BeInCrypto.

Over the past month, the meme coin sector saw a 44% increase in total market capitalization. Meme coins are now collectively valued at $62 billion, up from $43 billion, and this will likely continue into November.

Political Coins Primed to Explode

The upcoming United States of America midterm elections are easily one of the biggest anticipated events of the year. In the lead-up to the elections, which are set to take place on November 2, crypto tokens that are associated with political memes have already begun blowing up.

MAGA, Make America Based Again (MABA), and Trump Meme (MEME) saw gains of 242%, 594%, and 633%, respectively, in the past month. These tokens could blow up once the elections begin.

However, another key thing to note with these political meme coins is that their lifespans will be short-term in nature. Once the hype of the elections dies down, these tokens will likely be sold off by investors or fizzle out.