With the total crypto market cap holding steady at over $3 trillion, the roster of trending altcoins continues to change. According to CoinGecko, today’s standout cryptocurrencies have earned their place thanks to significant price volatility and, in particular, a major exchange listing.
Trending altcoins gaining attention today are Mode (MODE), Chill Guy (CHILLGUY), and Slerf (SLERF), each gaining interest for their recent activity and market dynamics.
mode
The mod is a Layer-2 project. Created using Optimism’s OP. Stack. Launched in January, MODE, the project’s native token, has been trending as the wider market has shown significant interest in it.
For example, over the past 24 hours, trading volume has increased to $700,000. However, the price is hovering around the same region at $0.13. Despite the decline, the daily chart shows that MODE price has broken out of the descending triangle.
This breakout suggests that the bearish sentiment around the token is ending. Thus, there is an opportunity to increase the value of MODE. If this remains the case, the price of the altcoin could rise to $0.027.
On the other hand, if MODE falls below the support line of the triangle, it may no longer be part of the trend. altcoins In this scenario today, its price could drop to $0.0090.
CHILGUY
like yesterday, CHILLGUY is on the list. Trending altcoins mostly due to its price action. Memecoin, which has recently captured the interest of the wider market, has surged 70% within the last 24 hours.
Also, the fact that the market cap has grown to more than $400 million is one of the reasons why it is trending. As of this writing, CHILLGUY has reached $0.40, with volume indicating that it has the potential to climb higher.
If so, the value of CHILLGUY could go up to $0.50. On the other hand, if memecoin holders take profits, this may not happen. In this scenario, the token could experience a significant correction.
Slurp
SLERF is another. Solana Mem coin It is part of today’s trending altcoins. Unlike others, SLERF is trending because Binance announced. That it is listing cryptocurrency in itself. The future Minutes after the market disclosure, SLERF’s price jumped 40 percent
At press time, the cryptocurrency trades for around $0.41. Considering the increase in Money Flow Index (MFI), it is likely that The price of SLERF may continue. If that happens, then the altcoin price could rise to a new all-time high of $0.48.
On the other hand, if SLERF holders book profits from the recent rally, the token could fall to $0.30.
Disclaimer
In line with Trust Project Guidelines, Price Analysis This 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 do your own research and consult a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policyand Disclaimer has been updated.