On this last day of October 2024, the most searched altcoins include two familiar names that have been on the list before. However, the interest associated with the upcoming US presidential election has boosted the popularity of a newcomer today.
CoinGecko’s list of trending altcoins today includes RabBitcoin (RBTC), Department of Government Efficiency (DOGEETH), and Grass (GRASS). This analysis looks at why these cryptocurrencies are gaining attention and outlines key factors that investors should monitor.
RabBitcoin (RBTC)
Telegram’s native was RabBitcoin. Part of trending cryptos Yesterday, it also made it to the list of most searched altcoins, partly because of its trend on October 30.
However, some crypto analysts also believed that RBTC could be at a good rally point. One of those with such sentiments is Crypto Tony, who said The planned network launch could be fast for the altcoin.
At press time, RBTC is valued at $0.0000048. While this represents a 27% gain over the past seven days, it also represents a modest decline of 1.80% in 24 hours. On the 1-hour chart, the altcoin oscillates between swing highs and lows, indicating that the price is not yet in balance.
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Department of Government Performance (DOGEETH)
Next on the list is the Department for Government Efficiency, an altcoin created in support of Elon Musk’s proposal for a department if Donald Trump becomes president. DOGEETH is one of the most sought after altcoins today for three major reasons.
On the one hand, the chances of Trump becoming the next US president are increasing. Others include A frequent request from Elon Musk For the department and an incredible 67% increase in its prices in the last 24 hours. On the daily chart, DOGEETH is priced at $0.41, although it has previously reached $0.078.
However, despite the recent decline, the altcoin’s value is above the 20 and 50-day Exponential Moving Averages (EMAs). This position indicates that the trend around memecoin remains bullish.
If this remains the case, the price of DOGEETH may reach $0.078. On the other hand, if profit taking increases, this prediction may not be fulfilled. In this example, the price could be as low as $0.020.
GRASS
DePIN Project Grass is on the list for the third time this week, suggesting that Interest in altcoin has not decreased significantly. While the price fell yesterday, Grass remains one of the most sought-after altcoins due to an impressive rally.
During the last 24 hours, The price of grass has increased. Up 34% and now trades at $1.09. On the 1-hour chart, the Awesome Oscillator (AO) has continued to climb higher with more green histogram bars.
This increase indicates that the velocity around GRASS is faster. Because of this position, the altcoin price is likely to rise to $1.14 or higher in the short term.
Read more: 11 Cryptos to Add to Your Portfolio Ahead of Altcoin Season
On the other hand, if GRASS breaks below the $1.06 support, the prediction may be invalid. In this case, the price of the altcoin could drop to $1.00.
Disclaimer
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