Connect with us

Market

Trending Altcoins to Watch: RAI, OM, and RUNE

Published

on


The cryptocurrency market has surged today, fueled by a 44% rise in trading volume over the last 24 hours. This comes after Thursday’s decline in market activity, reflected by the 2% drop in total market capitalization.

As the market recovers, Reploy (RAI), Mantra (OM), and THORChain (RUNE) are some of the altcoins trending today.

Reploy (RAI)

AI-based token RAI is one of the trending altcoins today. It currently trades at $5.66, noting a 4% price decline over the past 24 hours. This price dip is accompanied by a 10% spike in daily trading volume, confirming the surge in selloffs.

When an asset’s price drops while its trading volume rises, it indicates heightened market activity. More traders are selling off assets, possibly driven by fear or negative sentiment. This divergence suggests increased market volatility and the potential for further downward pressure.

RAI Price Analysis
RAI Price Analysis. Source: TradingView

RAI’s price could drop toward $3.76 as downward pressure strengthens. Conversely, a resurgence in RAI demand could drive the token’s value up to $7.67.

Mantra (OM)

OM, the native coin of the real-world asset (RWA) Layer-1 (L1) blockchain Mantra is another asset trending today. It trades at $3.62, witnessing a 1% price hike in the past 24 hours. 

However, this slight uptick merely mirrors broader market gains, as selling activity remains underway in the OM spot markets. Readings from its Elder-Ray Index, which is at -0.12 at press time, confirm this. 

This indicator measures the strength of an asset’s bulls and bears by comparing the high and low prices to an exponential moving average (EMA). When the index is negative like this, it indicates that bears are dominating the market, suggesting downward pressure and a bearish trend.

OM Price Analysis
OM Price Analysis. Source: TradingView

If this trend persists, OM’s price could fall to $3.10. However, if the bulls regain market control, they could drive the coin’s price toward its all-time high of $4.63. 

THORChain (RUNE)

THORChain’s RUNE is currently trading at its lowest price since October. Over the past 24 hours, its value has dropped by 19%. At $2.40, RUNE is sitting below the red line of its Super Trend indicator, signaling strong bearish pressure in the market.

This indicator is a trend-following technical analysis tool that helps traders identify the market’s direction by placing a line above or below the price chart based on the asset’s volatility. When an asset’s price trades below the Super Trend line, it typically signals a bearish trend, indicating that the market is in a downtrend or that selling pressure is dominant.

RUNE Price Analysis.
RUNE Price Analysis. Source: TradingView

If the downtrend continues, RUNE’s price could fall to $1.92. On the flip side, a resurgence in RUNE accumulation could drive its price to $4.17.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Market

Biggest Altcoin Gainers Of The Fourth Week of January 2025

Published

on


The crypto market experienced significant volatility this week as Bitcoin surged to $107,000. This movement caused some altcoins to face drawdowns while others emerged as top performers, delivering impressive profits to investors. 

BeInCrypto has identified three standout altcoins that ranked among the week’s biggest gainers and explores what investors can anticipate next.

GateToken (GT)

GT has seen a 23% rise this week, reaching a new all-time high of $25.96 during the latest intra-day session. This consistent upward momentum has captured investor attention, positioning the altcoin as one of the top-performing altcoins in the current market.

Despite occasional bearish market cues, GT has yet to experience a sharp correction. This resilience reflects strong investor confidence and a bullish sentiment surrounding the token. If this momentum continues, GT could extend its rally and achieve further milestones in the coming days.

GT Price Analysis
GT Price Analysis. Source: TradingView

However, significant profit-taking could lead to a decline, with the altcoin testing critical support at $19.89. A drop below this level could invalidate the bullish outlook and signal increased bearish pressure.

KuCoin Token (KCS)

KCS experienced a 16% rise this week, with most of the gains occurring in the last 72 hours. The altcoin is currently trading at $13.12, reflecting growing investor interest and strong upward momentum as it seeks to sustain its recent rally.

The altcoin recently breached the $13.74 resistance level after establishing solid support at $12.47. If the bullish momentum persists, KCS could close above this barrier, paving the way for further gains.

KCS Price Analysis
KCS Price Analysis. Source: TradingView

However, a drop from the current price below $12.47 could trigger a decline to $11.52. Such a move would invalidate the bullish outlook, erasing recent gains and signaling potential bearish sentiment.

OFFICIAL TRUMP (TRUMP)

TRUMP has solidified its position as one of the week’s top-performing and most trending tokens, recording an impressive 112% rise. This surge reflects strong investor interest, bolstered by market sentiment and the token’s recent developments, keeping it in the spotlight among meme coins.

Despite its overall growth, TRUMP has experienced some volatility and is currently attempting to regain the $30 support level. Flipping $34 into support could help the token recover recent losses and maintain its bullish trajectory. This move would signal renewed momentum, encouraging further investment in the token.

TRUMP Price Analysis
TRUMP Price Analysis. Source: TradingView

However, trading at $27.46, TRUMP faces risks of falling further. If it loses the critical support at $26.09, the token could drop to $21.04. Such a decline would invalidate the bullish outlook, raising concerns about sustained bearish momentum. 

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Market

Potential Grayscale Litecoin ETF Sparks 25% Rally In LTC Price

Published

on


Litecoin’s price surged by 25% this week following news that Grayscale filed for a spot Litecoin ETF, sparking demand from institutional investors. 

The move validated the efforts of long-term holders (LTHs), whose support has anchored LTC through market fluctuations. This development has positioned Litecoin as a standout performer in the cryptocurrency market.  

Litecoin Has Its Investor’s Support

Long-term holders have played a critical role in stabilizing Litecoin. The MVRV Long/Short Difference indicator remains highly positive, signaling that LTHs are in profit. These investors, known for their tendency to HODL rather than sell, provide essential support, reducing the likelihood of sharp corrections.  

This behavior has created a strong foundation for Litecoin, enabling it to sustain rallies even during periods of market volatility. By holding onto their assets, LTHs act as the backbone of Litecoin, ensuring that the cryptocurrency maintains momentum and garners investor confidence.  

Litecoin MVRV Long/Short Ratio
Litecoin MVRV Long/Short Ratio. Source: Santiment

The macro momentum for Litecoin remains bullish, supported by the IOMAP metric. Data reveals that investors bought over 2 million LTC, valued at more than $256 million, within the $128 to $135 range. This supply becomes fully profitable once Litecoin flips $136 into support, reinforcing positive sentiment.  

This concentration of profitable investors is likely to keep sentiment optimistic. Anticipation of breaking the $136 resistance level has fueled bullish momentum, as investors remain confident that LTC can sustain its upward trajectory. The substantial backing at these levels further solidifies the asset’s potential for continued growth.  

Litecoin IOMAP
Litecoin IOMAP. Source: IntoTheBlock

LTC Price Prediction: Flipping Key Barrier Into Support

Litecoin has risen by 25% in the past 24 hours, currently trading at $128. The altcoin now faces resistance at $136, which will be critical for maintaining its bullish momentum and enabling further gains.  

If Litecoin breaches and flips $136 into support, it could unlock the $256 million in profits tied to this level. Such a move would likely propel LTC to $147, marking a significant step in its ongoing rally and validating investor confidence.  

Litecoin Price Analysis
Litecoin Price Analysis. Source: TradingView

However, Litecoin price’s failure to break above $136 could result in a decline to $117 or even $105. This would erase a significant portion of recent gains, invalidate the bullish outlook, and delay the realization of anticipated profits.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Market

Virtuals Protocol Targets Solana for AI-Driven Innovation

Published

on


Virtuals Protocol, a decentralized platform for launching AI agents, has announced its expansion to the Solana blockchain.

This move aims to foster multichain availability while empowering builders and driving innovation within the ecosystem.

Virtuals’ Multichain Ambition

On January 25, Virtuals Protocol confirmed its expansion from Base to Solana. The protocol highlighted that this step marks the beginning of a new chapter, enabling it to grow its community and create more value for developers.

Virtuals aim to unlock new growth opportunities by leveraging Solana’s advanced scalability and active developer community,

“We are beyond excited to announce Virtuals’ expansion to Solana, marking a significant step in our journey to empower builders and drive innovation across multiple ecosystems. Solana, known for its speed, scalability, and vibrant community, is the perfect place for us to grow and bring our vision to life,” Virtuals said.

EtherMage, the protocol’s pseudonymous lead developer, described this expansion as the first of many steps toward building a diverse and robust multichain ecosystem. According to him, the move would help to realize their vision of an interconnected and autonomous digital society.

He noted that dedicated teams are already in place to collaborate with Solana and other blockchain communities. These teams will focus on funding, mentorship, and visibility for projects building within the Virtuals ecosystem.

“Going multi-chain is important for our vision of an agentic society. Diversity of agents is a critical component for autonomous businesses, autonomous societies. Solana is the first step. We are building support across several other chains as well,” EtherMage wrote on X.

Virtuals’ Plan for the Solana Ecosystem

Virtuals Protocol has outlined several initiatives tailored to Solana. Among these is the Meteora Pool, a platform feature designed to create fresh opportunities for trading and engagement.

Additionally, 1% of the trading fees generated will be converted to SOL and allocated to the Strategic SOL Reserve (SSR) to reward contributors and enhance Solana’s ecosystem.

The protocol has also introduced a grant program to boost development across both Base and Solana ecosystems. Under this program, projects on these chains can access 42,000 $VIRTUAL tokens to support early-stage growth.

Looking ahead, Virtuals is set to host an AI Hackathon in March in partnership with the Solana Foundation. This event aims to offer technical mentorship and support to developers, further reinforcing the protocol’s commitment to fostering innovation.

Virtual protocol has emerged as a top-performing platform in the crypto space, benefiting from the growing demand for AI-driven solutions. Its multichain expansion to Solana signals its dedication to shaping the future of decentralized AI and supporting a thriving developer ecosystem.

“Virtuals joining the Solana ecosystem is not just an expansion — it’s the beginning of a new chapter. We’re here to create value, empower builders, and grow the Virtuals Nation to new heights,” the team concluded.

Virtuals Protocol (VIRTUAL) Price Performance.
Virtuals Protocol (VIRTUAL) Price Performance. Source: BeInCrypto

Despite news of the expansion, Virtuals’ native VIRTUAL token is down more than 4% in the last 24 hours to $2.54 as of press time, according to BeInCrypto data.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading
Advertisement

Trending

Copyright © 2024 coin2049.io