Market
Trending Altcoins Today — December 3: XRP, SUN, ONDO
Today, December 3, several cryptocurrencies have experienced notable price increases, leading many to speculate that the altcoin season may have arrived. According to CoinGecko, all of the trending altcoins have seen upward price movement.
Whether driven by whale activity or a surge in trading volume, these altcoins are dominating today’s crypto discussions. The top three trending altcoins include Ripple (XRP), Sun token (SUN), and Ondo (ONDO).
Ripple (XRP)
XRP’s inclusion as part of the trending altcoins today is because of its performance over the past few weeks. Within the last 30 days, XRP’s price has increased by 431% and has become the third-most-valuable cryptocurrency in terms of market capitalization.
This notable rise could be attributed to rising whale accumulation, several applications for XRP ETFs, and retail interest in the altcoin. As of this writing, XRP’s price trades at $2.67, which is the highest level it has reached since 2018.
From a technical standpoint, the Relative Strength Index (RSI) for XRP has reached 91.47, indicating strong momentum. The RSI helps determine whether an asset is overbought or oversold.
When the RSI reading exceeds 70.00, the asset is considered overbought. Conversely, an RSI below 30.00 suggests it is oversold. Given that XRP’s RSI is above 70, the token is in the overbought territory, suggesting a potential retracement to around $1.79.
On the flip side, if buying pressure continues to climb for XRP, the uptrend might continue, and a rally to $3 could be possible.
Sun Token (SUN)
Sun token, the first meme coin developed on the Tron blockchain, is currently one of the trending altcoins due to its price action. In the last 24 hours, SUN’s price has increased by 14.50% while its trading volume has surged by 50%, indicating significant interest in the token.
On the daily chart, the Parabolic Stop-and-Reverse (SAR) indicator is positioned below Sun Token’s (SUN) price, suggesting strong support.
The SAR helps identify potential trend reversals by placing dotted lines either above or below the price. When the lines are below the price, they indicate strong support, and when they are above, they indicate resistance.
Given the current support shown by the SAR, SUN’s price might continue to rise. If this trend holds, the token could reach $0.045 in the short term. However, if SUN fails to break the $0.030 resistance level, it could face a decline, potentially dropping to $0.016 instead.
Ondo (ONDO)
Like XRP and SUN, ONDO is one of the trending altcoins today because of its price increase. Within the last 24 hours, ONDO’s price has increased by 45.40% and reached a new all-time high.
This hike could be linked to the rally among tokens linked to Real World Asset (RWA) tokenization. From a technical perspective, the altcoin’s rally resulted from a reversal from a head and shoulders pattern, which initially drove the price down to $0.59.
Currently, Ondo’s price has risen to $1.72 with no resistance in sight. Should this remain the case, ONDO’s value might climb to $2 within the week.
However, if crypto whales holding the token decide to sell, this might not happen. Instead, the altcoin could decline to $1.35.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
This is Why Coinbase Added GIGA and TURBO to Asset Roadmap
Coinbase added meme coins Gigachad (GIGA) and Turbo (TURBO) to its assets roadmap on November 4. GIGA’s valuation briefly spiked after this announcement.
Coinbase has been adding multiple meme coins to its roadmap, with MOODENG and MOG added yesterday.
Coinbase to Add GIGA and TURBO
Coinbase, the largest US crypto exchange, has publicly maintained an assets roadmap since 2022. This roadmap includes assets that the exchange plans to list in the future, which can drastically impact underlying prices. For example, Coinbase added MOODENG to the roadmap yesterday, and its price subsequently rallied over 60%.
Given market demand, the exchange has been expanding its meme coin offerings lately. Shortly after its GIGA and TURBO announcements, Coinbase also put an explicit date on adding MOG support, just one day after putting it on the roadmap. This quick turnaround could imply speediness with the other listings, too.
“Coinbase will add support for MOG Coin (MOG) on the Base network. Trading will begin on or after 9AM PT on 5 December 2024, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our MOG-USD trading pair will launch in phases. Support for MOG may be restricted in some supported jurisdictions,” Coinbase stated.
These listings could have an outsized impact on both GIGA and TURBO. TURBO was the largest AI meme coin by trading volume in October, representing 60% of this sector alongside GOAT.
Last month, Coinbase International began offering perpetual futures on TURBO, but this didn’t have an enduring price impact.
GIGA, on the other hand, could certainly use a shot in the arm. After a promising rise, its market cap dropped nearly 85% in early November after a massive sell-off. This was apparently connected to a malware attack, and most of GIGA’s price did recover.
Still, this dramatic bite took a toll. Since the Coinbase announcement, GIGA saw a brief spike in valuation.
At the time of reporting, Coinbase did not provide an actual date for listing these two tokens. Meme coin valuations are significantly tied to community momentum and hype bubbles, and speedy listings could help maintain interest.
In any event, Coinbase continues to show interest in this sphere, and GIGA and TURBO are likely to benefit from it.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
This is Why GraFun Labs Integrates TON for Meme Coin Growth
GraFun Labs announced that its “legendary memepad” is now live on the TON blockchain. The announcement comes days after the platform integrated Ethereum and other blockchains.
This represents a notable step toward developing meme coins on TON. Although meme coins are surging across the crypto industry, the TON ecosystem is somewhat underrepresented.
GraFun Integrates TON
DWF Labs boosted this news after GraFun Labs’ initial announcement, but the companies’ direct collaboration on the project seems unclear. Since September, the two firms have partnered to support token launches on GraFun, helping the rise of a flourishing meme coin industry.
“We are excited to partner with GraFun to support the next generation of memecoin projects. GraFun’s…model aligns with our commitment to fostering transparency and sustainability in crypto. Together, we aim to empower emerging projects and provide them with the liquidity and support they need to succeed,” said Andrey Grachev, Managing Partner at DWF.
Both companies frequently promote each other on social media, but their exact cooperation on this TON integration is unclear. Two weeks ago, DWF launched a $20 million fund for meme coin creators, making new asset development more accessible regardless of the blockchain. Last week, the firm also promoted GraFun’s Ethereum integration announcement.
Regardless, Telegram’s Toncoin (TON) blockchain is certainly a fruitful ground for meme coin expansion. Two months ago, it launched Memelandia, a decentralized meme coin hub, to foster growth in this sector. TON’s underlying price has steadily risen this month, further aiding new profit opportunities.
As of yet, the TON ecosystem has been somewhat underrepresented in the meme coin surge. In September, Binance listed five TON assets, identifying its ecosystem as an effective avenue for crypto enthusiasts. Binance specifically highlighted Telegram’s massive user base and strong local communities, offering new chances for viral launches.
Since these listings, however, TON meme coins haven’t punched above their weight. In comparison, Solana-based meme coins brought the platform to record fees, and XRP’s recent rally significantly boosted its own meme coins. TON, however, doesn’t have any similar breakout successes recently.
GraFun Labs may help change this state of affairs in TON. However, considering that the firm also integrated Ethereum recently, it may quickly move on to other chain integrations.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Hedera CryptoAutos Integration: Redefining Luxury Car Purchases
CryptoAutos, the world’s first crypto-powered luxury car marketplace, integrated with Hedera Hashgraph (HBAR), marking a landmark development in the automotive marketplace.
With this integration, CryptoAutos is redefining the way users purchase high-end vehicles using cryptocurrencies.
Hedera’s Integration with CryptoAutos
The integration into CryptoAutos marks a significant upgrade to the platform’s capabilities. Hedera’s advanced blockchain technology offers near-zero transaction fees, secure settlements, and unmatched reliability, making it a perfect match for CryptoAutos. This integration enhances the platform’s user experience while providing a gateway to Hedera’s strong community, expanding CryptoAutos’ reach globally.
Hedera’s near-zero transaction fees and instant finality enable CryptoAutos to offer a seamless and secure payment experience for its users. The network’s reliability ensures smooth transaction execution, fostering trust and confidence among buyers and dealers.
“CryptoAutos, the world’s first crypto automotive marketplace, has officially integrated with Hedera. This unlocks new possibilities for secure, fast, and efficient transactions in the automotive world,” Hedera shared.
CryptoAutos provides a platform where users can explore and purchase luxury vehicles ranging from Ferraris and Porsches to Ford GTs. With over 20,000 cars available across 600 dealerships worldwide, the marketplace caters to a global audience.
Prospective buyers can easily find dealers near them or search for specific niche models, ensuring inclusivity and accessibility for customers in any location.
The platform allows users to purchase cars using Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and other cryptocurrencies. This streamlines the transaction process and bypasses traditional banking barriers. Additionally, CryptoAutos offers comprehensive guides to help users navigate the process of purchasing vehicles with digital currencies.
“This integration expands our ecosystem reach while providing the Hedera community direct access to our luxury automotive marketplace,” CryptoAutos stated.
Despite this news, Hedera Hashgraph’s HBAR token is down by a stark 10%. According to BeInCrypto data, HBAR was trading for $0.3171 as of this writing.
CryptoAutos Launches Native AUTOS Token
Meanwhile, this development follows the launch of AUTOS, which debuted through a Token Generation Event (TGE) on December 3, 2024. Hosted on the Ethereum blockchain via the Fjord Foundry platform, the event saw the release of 110 million AUTOS tokens.
“The time has finally come — the AUTOS Community Launch is LIVE!!! $58 million revenue, Tier 1 partners & exchanges, fixed price sale, 100% unlock at TGE, and open to all. And your chance to win a Lamborghini Urus. What more could you possibly need,” CryptoAutos said.
The community-driven launch, focused on decentralization, raised an impressive $4.57 million within the first five hours, displaying strong interest in the token. Participants in the TGE were automatically entered into a contest to win a Lamborghini Urus, reflecting CryptoAutos’ blend of blockchain innovation and luxury.
Following the launch, AUTOS will initially be listed on decentralized exchanges before debuting on KuCoin, a prominent centralized exchange. The AUTOS token is designed to transform luxury car ownership by enabling seamless, transparent, and secure transactions. It also powers various features within the CryptoAutos ecosystem, including staking, governance, and user engagement.
Token holders gain access to exclusive rewards, discounts, and loyalty incentives, while dealers can leverage advertising solutions to reach their audience. Additionally, AUTOS supports CryptoAutos’ Gold membership service and its upcoming Real World Asset (RWA) platform, offering utility beyond transactions.
CryptoAutos’ achievements are already noteworthy, with over $58 million in sales revenue generated to date. The platform recently completed the first-ever car sale using Toncoin (TON), solidifying its position as a leader in the crypto-to-fiat marketplace.
The auto marketplace is setting a new standard for token launches with its transparent, community-first approach. By prioritizing decentralized distribution over venture capital funding, the platform ensures equal access for all participants. With $750,000 USDT secured for liquidity, the launch reflects a sustainable and inclusive vision for the future.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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